Compliance
Who we are
The Compliance division at Deutsche Bank is responsible for protecting our integrity and reputation as a leading financial services provider.
The role of Compliance is crucial and past examples have demonstrated that a failure to adhere to laws and regulations can cost a bank its business. As well as complying with the rules set by 200 regulators globally and receiving 340 auditors annually, Deutsche Bank needs to keep ahead of an ever changing regulatory landscape which poses constant challenges.
What we do
- Advance lawful and ethical business conducted in the interest of Deutsche Bank's clients, shareholders and people
- Prevent and detect violations of law by identifying and managing regulatory risk
We achieve this by providing a service to the different divisions of Deutsche Bank, supporting them with our sophisticated understanding of external legal and regulatory requirements as well as Deutsche Bank corporate policies. We also work closely with other support functions including the Legal Department and outside counsel in various jurisdictions. Our work is crucial in enabling Deutsche Bank to manage and lower its exposure to reputation, legal and regulatory risk.
Through a system of well defined processes, systems and a global monitoring team Compliance:
- Reviews the bank's activities to identify issues and assist the relevant businesses to take corrective action
- Interprets the policies and regulations that apply to Deutsche Bank and provide training and support to the business lines as required
- Ensures adherence to applicable anti-money laundering and "know your client" rules and regulations
- Ensures global adherence to local reporting requirements for substantial shareholdings
- Provides equity positions data as needed and manage appropriate disclosures to global regulators
- Works with management on co-ordination between divisions to manage conflicts of interest and unintentional rule breaches
