Building a better Deutsche Bank

The banking and financial sector is undergoing sweeping changes. As a leading global bank with roots in Germany, we’ve taken a good look at our business and have a sound strategy for the future. As a part of  our Strategy, we’re making significant investments in digital technology, infrastructure and regulatory compliance to make us more efficient, more resilient, and less complex. As importantly, we’re reducing our products and services into a clear, universal offering. We believe in doing what is right – not just what is allowed we want to be a better-run bank. One where you could grow and develop.

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“It’s about opportunity. Discover a stimulating, entrepreneurial environment where you can drive change and progress.”

Till Staffeldt Global COO Regulation, Compliance and Anti-Financial Crime (CRegO)

What are Regulatory Affairs, Compliance or Anti-Financial Crime about?

Banking today is more complex than ever before: increased regulation and political scrutiny mean that banks have to adjust to a new environment that keeps evolving. Deutsche Bank’s Regulatory Affairs, Compliance and Anti-Financial Crime teams shape the bank’s response to the increased regulatory requirements, and help protect the integrity and reputation of Deutsche Bank. They help to avoid unintentional breaches of rules, laws and regulations, as well as conflicts of interest. At the same time, they also advise the bank on ethical conduct and governance issues and keep the organisation up to date on regulatory and political challenges.

  • This is Regulatory Affairs
    Regulatory Affairs covers all aspects of regulatory policy

    As a global bank, we need to be aware of and engaged in political and regulatory decisions. This is fundamental to understanding wider political developments and the evolution of the regulatory environment. The Regulatory Affairs department keeps the bank’s senior management updated on current regulatory developments. It also builds Deutsche Bank’s profile in regulatory policy debates by engaging constructively with regulatory and political stakeholders.

    The department delivers regulatory perspective to strategic decision-making and provides oversight and control over the implementation of key regulatory initiatives.

  • This is Compliance
    At Deutsche Bank, good compliance is everybody’s responsibility

    High standards of individual behavior and business conduct are critical to increasing client’s and the public’s trust in us. Working closely with all divisions of the bank, Compliance professionals ensure that our programme is globally effective and locally anchored. As an independent and robust control function, the department supports good compliance practice, manages compliance risk, prevents violations of applicable laws, rules and principals, and deepens our culture of compliance.

  • This is Anti-Financial Crime (AFC)
    AFC is tasked with preventing, detecting and reporting financial crime risks across the bank

    Our AFC team protects the bank from financial and reputational losses incurred by financial crimes by assessing, controlling and mitigating risks. Risk types related to Anti-Financial Crime are consolidated in a comprehensive and effective risk management framework. This framework covers Anti-Money-Laundering, Sanctions and Embargoes, Anti-Bribery and Corruption as well as Anti-Fraud and Investigations. The team's priority is to minimize the possibility of Deutsche Bank being misused by criminals to carry out their unlawful activities. By achieving this, we help to combat financial crime and fulfil our duties as good corporate citizens.

It’s about Challenges & Chances

Jermaine

“Deutsche Bank provides a huge opportunity to learn new things at all levels. Be open-minded as there is always scope for development and career progression. Allow yourself time to take in the potential changes in a dynamic environment and benefit from the experience of individuals around you.”

Jermaine, Compliance Team, Birmingham

It’s about People

  • Yaelle
    Yaelle
    “At the end of the day we have the same goal”

    About Yaelle

    Yaelle studied law at Bar Ilan University in Tel Aviv, Israel, passing her bar exams in 2002. She remained in Tel Aviv to work as an Analyst for Finotec Group, Inc. from 2002 to 2004 and as an FX trader at First International Bank from 2005 to 2009, before joining Deutsche Bank, initially also as an FX trader. In October 2012, she moved to London, continuing to work in FX trading. She began her career in Compliance in 2014 as VP in Anti-Bribery and Corruption for UK Middle East, Africa and most recently promoted as Director, regional head of Anti-Bribery and Corruption UKI in January 2017.

    Yaelle loves travelling with her family, exploring new cultures and meeting new people from all around the world – and wine tasting.

    What is special about your work in Anti-Bribery & Corruption?

    ABC is responsible for protecting the bank from any form of corruption or exposure to bribery. We are advising the business and other departments on any ABC matter to prevent the bank exposure to ABC risks. My former experience in the industry has enabled me to translate the business needs and communicate AFC regulatory requirements to the business in a practical manner.


    Could you please briefly describe the tasks and projects you are working on?

    Every day is a new day with new challenges. To fulfill your role properly you must make sure to meet regulatory requirements by conducting appropriate diligence while also keeping a practical and commercial perspective in mind. Every day we are advising the bank on ABC matters related to adoptions, transactions under very tight timelines and still must maintain a high standard of quality in our diligence work. During 2015 and 2016 I was responsible for a global project of high risk intermediaries, to ensure their validation and remediation upon DB internal policies and procedures. In January this year, I was appointed regional head for ABC UKI.


    What particularly do you appreciate at Deutsche Bank as an employer?

    The challenges that we face every day make our work interesting. We need to conduct our daily work with integrity and respect to all and we need strong communications skills to discuss and implement solutions together with the business. At the end of the day we all have the same goal.


    What is the collaboration like within your team?

    We are a big AFC department with different types of backgrounds, knowledge and experience. This is valuable as you can reach out to your colleagues and share views on matters because you will always find someone who is a subject matter expert in any AFC topic.


    How were you supported in your continued professional development?

    When I realised I would like to move on in mid-2014 and change my career, my managers supported me and made this happen by talking to the COO of Compliance and making sure my internal transfer would be smooth and painless.


    Your personal advice to potential candidates?

    I think that AFC is a very interesting area to specialise in these days due to the recent regulatory attention around financial crime, new legislation and other challenges faced by the bank. AFC is responsible for making the bank a better place and for changing the culture. AFC believes there is a way of creating business without damaging the reputation of the bank.

  • James
    James
    “It is a fascinating time to be involved in compliance”

    About James

    James studied history at Exeter Univsersity. Before joining Deutsche Bank three years ago, he worked as an investigator in the business intelligence / corporate investigation sector.

    James enjoys running, skiing and reading about polar history.

    What is special about the Regulation, Compliance & AFC unit?

    It is a fascinating time to be involved in compliance as the financial industry is focusing on regulation to address its past failings, for instance by implementing MiFID II. It wasn’t anticipated that Research would feature so heavily in the MiFID II legislation, we are working to address issues like conflicts of interest and inducements.


    Could you please briefly describe the tasks and projects you are working on?

    I am responsible for advising research analysts and the business control units on compliance issues. My tasks include conducting desk reviews / risk assessments of the business, advising and assisting with investigations and policy breaches, and advising the research analysts on a day-to-day basis on their involvement with banking transactions like IPOs. An important part of the role is making decisions and taking responsibility for those decisions that could potentially have a serious impact on the bank. When making a decision I try to make sure I have a clear rationale.


    What is a typical working day for you?

    A typical working day can involve a variety of tasks including preparing and delivering a presentation to a new employee, attending Markets Compliance team meetings to discuss current issues or ongoing and future projects and fielding compliance queries from research analysts. We also attend industry events like roundtables and the SHCOG meetings to discuss future regulatory developments and ideas on current best practice.


    What particularly do you appreciate at Deutsche Bank as an employer?

    The main aspects for me are the excellent training opportunities and interesting working environment offered by the bank – and being able to work with capable and experienced colleagues.


    Which special knowledge and skills are required in the Regulation, Compliance & AFC unit?

    An excellent understanding of the relevant regulations is integral to the role. Equally important is the ability to apply that knowledge to the business in a practical way.


    How were you supported in your continued professional development?

    When I left the Regulatory Enquiries and Investigations team six months ago to join the Research Business line compliance team, I received full support from the bank. The investment in my development made by my managers also was a big help.


    Your personal advice to potential candidates?

    Be knowledgeable and enthusiastic!

  • Elizabeth
    Elizabeth
    “I appreciate the opportunity to progress my career.”

    About Elizabeth

    Elizabeth joined the Bank in 2011 working in Compliance in the London office of Deutsche Bank. Now she is based in Singapore as a member of the Financial Crime Investigations team, which is part of Anti Financial Crime, Asia Pacific.
    In her spare time she enjoys cycling. One of her favourite routes in Singapore runs next to the East Coast Park, where the route takes her alongside the beach. Elizabeth also enjoys baking, and according to her friends she does an excellent lemon-drizzle cake.

    What is special about your work in Financial Crime Investigations (FCI) of Anti-Financial Crime?

    The Asia-Pacific FCI team supports 15 countries in the region, all of which have their local regulations in addition to globally applicable ones. Our team works to protect the integrity of the firm by reviewing and investigating customer activity in order to identify suspicious activities.


    Please briefly describe the tasks and projects you are working on.

    FCI is responsible for ensuring that the requisite transaction monitoring and surveillance framework in the region is robust. In order to make sure that we meet our regulatory obligations and protect customers and shareholders, the team performs autonomous AML transaction reviews and investigations, conducts QA testing on monitoring processes and provides advice on related functions including the interpretation of policies, procedures and regulations in relation to AML monitoring and investigations. The determination of suspicious and unusual customer behaviour and the levels at which they occur is also a feature. Some cases will require cross-region cooperation if they are global in nature.


    What is a typical working day for you?

    While work in the IFC is very diverse, there are, of course, tasks we handle on a regular basis. These include carrying out investigations into customer activities that have been flagged by the monitoring systems, handling escalations following regulatory queries or general queries and cases relating to adverse news and unusual transaction patterns or activity. Where required we liaise with regional team members and we provide training and guidance where appropriate. We also regularly generate management information, some of which is forwarded to the Board. And last but not least, we conduct quality assurance checks on the work produced by the operational support teams.


    What makes Deutsche Bank a great place to work?

    I really appreciate that I have the opportunity to progress my career and benefit from internal mobility. Since joining the Bank six years ago, I have been able to explore roles in the Compliance Control Room, Controls Testing Teams and now AFC. I have also been given the opportunity to work abroad – which is why I am currently based in Singapore.

    Changing roles was made easier for me because my previous managers were supportive of my career progression, allowing me to be honest about my interest in the AFC role prior to me interviewing for this job.


    Which special knowledge and skills are required in the AFC-Unit? Do you have some personal advice for potential candidates?

    In AFC it is important to have a good understanding of global regulation requirements. Knowledge of local regulations, and business practices and norms is beneficial as well, as each jurisdiction has its own nuances. My personal advice is: If you want to apply, be clear on where you see the role taking you in the next three to five years as it’ll help DB design a role and opportunity that suits your longer term personal goals.

  • Joana Neumann
    Joana
    “A dynamic environment offering interesting challenges”

    About Joana

    Joana earned a law degree at Passau University and a Master of Mediation degree at Fern Universität Hagen, both in Germany. From 2007 to 2014, she worked as a Counsel for Succession and Trust Management in the Private, Wealth & Commercial Clients division at Deutsche Bank in Munich. In 2015, she joined the Compliance department in Frankfurt as a member of the Consumer Protection (Banking) Compliance team.
    In her spare time she practices yoga, likes to surf and enjoys playing soccer with her four-year old son. She also likes to hike, exploring the surroundings of Frankfurt and Aschaffenburg. Spending time with her family is very important to her because it grounds her and gives her life more balance.

    What is special about your work in Compliance?

    It is a dynamic environment offering a variety of interesting challenges. Every day is different. You get the chance to cover a broad spectrum of projects including regulatory implementation projects, ad-hoc questions from business stakeholders, interactions with regulators, Compliance support for new product releases etc. In the Compliance department you meet many curious and open-minded people who are keen to “get to the bottom of things”.

    Could you give us an overview of what you do?

    One focus is providing advice on regulatory implementation projects such as the Payments Accounts Directive, the Insurance Distribution Directive and the General Data Protection Regulation. Equally important is safeguarding a stable and reliable control framework for the implementation of new and existing rules and regulations by setting up and carrying out second-level controls. We also assess new product approvals concerning the introduction of new products and processes, such as e2e account opening and online payment solution paydirekt.


    What makes Deutsche Bank a great place to work?

    You have the chance to actively build your career at your pace and according to your interests. Internal career mobility is being supported, which gives you the opportunity to grow your expertise from a 360 degree angle. And if you want to go the extra mile, there are multiple options where you can take on more responsibility.


    What is the collaboration like within your team?

    We are a diverse and heterogeneous team. Everyone has a different background and story to tell and thus can contribute as a subject matter expert on his/her special topics. Facing new projects and challenges such as digitalization means there is plenty of curiosity and engagement to keep track with upcoming regulatory developments on the horizon. You live and learn.


    Why should people join?

    I started off in Compliance as a ‘career changer’ with no Compliance background at all and was given the opportunity to dig into the subject matter. With every project I covered I gained more and more expertise in various fields. For example, I really got the knack of providing advice in digitalization projects and processes. Now I have a strong sense of what good compliance looks like feel confident when I flip through a visual screen flow for an online customer journey.


    Your personal advice to potential candidates?

    Never be too shy to ask, “Why?” Always be curious and try to get down to the bottom of things. Make up your own mind and challenge the answer given. As Coco Chanel once said: The most courageous act is still to think for yourself. Aloud!

    Joana, Consumer Protection, Compliance Department, Frankfurt/Main.

  • Marc
    Mark
    “I personally end each working day knowing I’ve done my very best.”

    About Mark

    Deutsche Bank employs people from many different backgrounds. Take Mark, for example. Before we ask him about his experiences in his new job, let’s have a look at his interesting CV. Mark left school in 1995 (GCSE) and followed his dream serving with The Royal Green Jackets within the British Army. He served for five years and was on duty in Bosnia and Northern Ireland on counter terrorist operations. He was awarded the Operational Medal twice for his services. In 2000 he made the transition from the Army to serve with the West Midlands Police Force for 16 years. In November 2016 he started working for Deutsche Bank in a dual role as a team lead in the Financial Crime Investigation (FCI) and as a law enforcement liaison officer for Deutsche Bank UK. In his private life he is interested in sports. He enjoys watching most sports, including darts, snooker, and his local team Aston Villa. Mark has a partner and two children.

    What is special about your work in Anti-Financial Crime?

    Every day provides exciting opportunities to make a difference by making key decisions that impact not only Deutsche Bank and our stakeholders, but also the economy. Successfully preventing sophisticated individuals and organised gangs who are targeting the bank for the purposes of financial crime is challenging, but very rewarding work.


    Could you give us an overview of what you do?

    I’m responsible for many key areas including identifying current Anti-Money Laundering / Counter Terrorist threats typologies and trends, whilst keeping abreast of emerging ones, and ensuring the team are suitably trained to understand those too so that they can robustly identify issues of concern. The work is fast-paced and requires good communication with colleagues who are situated in a number of locations. This approach is an excellent way of identifying the current overall risk, in order for the business to make sound and accurate decisions. This is challenging work and requires strong partnership and trust. You’re dealing with sensitive information so the bank’s values are key in our world.

    I believe I have a responsibility to the bank and its stakeholders to ensure both the team and I constantly adapt, stay motivated and continue to be an essential part of the wider AFC global team. I personally end each working day knowing I’ve done my very best, made a difference by making key decisions and also respect my team and managers alike.


    What makes Deutsche Bank a great place to work?

    Deutsche Bank provides excellent working conditions with support and guidance available to employees both on a personal and professional level. The commitment from senior management surrounding Compliance, Regulation and AFC demonstrates that we are serious about ‘doing the right thing’.


    What is the collaboration like within your team?

    The collaboration within the Financial Intelligence Unit and the wider team across AFC is really starting to flourish due to the arrival of new senior managers, ensuring a ‘one team’ culture and regular visits between London and Birmingham. Being part of AFC requires an inquisitive mindset and someone who can identify potential criminal activities, whilst having the ability to rationalise, make decisions and record.


    Why should people join?

    There is a real determination from the bank to foster individuals and provide the necessary tools to do the job. I am currently looking to develop a ‘Personal Development Portfolio’ that includes a skills matrix that provides progression and personal reward. The UK FCI commenced in April 2016 and the future build out plans and recruitment drive really does offer each team member opportunities to progress from analyst through to management. Regulatory, Compliance and AFC are growth areas, fully supported by senior executives providing opportunities and a prosperous career.


    Your personal advice to potential candidates?

    Do your research to realise what the current risks to the business are. Recognise how criminals could use the financial sector to pursue their illegal activities. Understand the regulators expectations and how you could fit into the bigger picture.

    Marc, Assistant Vice President, Anti-Financial Crime, Birmingham

  • Maria
    Maria
    “Highly motivated to assume new tasks and responsibilities.”

    About Maria

    Maria studied law at Valladolid University in Spain. After earning her law degree, she worked in a well-known Spanish Law Firm, while she pursued doctoral studies at the university, finishing with a diploma of advanced studies in real estate and registration law.
    Maria has been with Deutsche Bank more than ten years. She is the Head of Anti-Financial Crime for Spain. The unit is mainly concerned with anti-money laundering, transaction monitoring, embargoes & sanctions, anti-bribery and special investigations work. Anti-fraud matters are expected to be added in 2017.
    Outside her professional life, Maria is focused on raising her three children together with her husband and tries to spend as much time with them as possible. This leaves her very little time for hobbies or other activities.

    What is special about your work in AFC?

    AFC is one of the main departments focused on integrity and on ensuring that Deutsche Bank is doing not only what it is permitted by law but doing the right thing. This question could arise when the bank decides whether or not to accept certain clients (for instance, with a negative reputation). Reviewing transactions or approving products/procedures is another part of our work. Our function is to protect the financial system from being misused by criminals, and that is really important not only for the bank but also for the economy in general.


    Could you please briefly describe the tasks and projects you are working on?

    As head of the department, I am acting as coordinator of all the teams and answer the escalation/exemption requests. I am very much involved in advisory work, participating in a large number of local and global projects that are linked to clients or transactions. We also interact with the authorities, such as the police, and the Anti-Money Laundering supervisor when reporting suspicious transactions, and we support the authorities in their investigations.


    What is a typical working day for you?

    Every day is different but, of course, there are a number of issues and tasks we deal with on a daily basis, including collaborating in the Know Your Client approval processes, reviewing the most complex cases of transaction monitoring, coordinating special investigations, engaging with the business to improve the "preventing financial crime" culture and collaborating and advising in different projects through the bank linked to our functions.


    What makes Deutsche Bank a great place to work?

    I have three children and balancing work and family never was a problem – neither in my previous job in the Legal department at Deutsche Bank nor now in AFC.


    What is the collaboration like within your team?

    We are highly motivated to assume new tasks and responsibilities. Our environment is really challenging at this moment, with senior management – including at global level – really focused on the relevance of AFC as a control function. We are also quite a young team, not only in terms of the team itself, which formed in April 2016, but also in terms of the age of the people working in the team. As of today, the oldest employee is 46.


    Why should people join?

    I worked in Legal for more than six years and have now been part of AFC for more than three years. When I moved from Legal to AFC, I had the strong support of my managers in Legal to assume the new responsibility. With AFC being a new department that assumes new functions and creates new procedures and responsibilities, the environment is really motivated, because you feel that you are contributing to creating something that is really necessary and good for the bank.


    Your personal advice to potential candidates?

    Take the opportunity to improve your abilities in an area where demand is high and where Deutsche Bank stands out with a really deep vision. We are contributing to creating and developing a new function with the strongest support of senior management.

    Maria, Head of Anti-Financial Crime, Spain

  • Todd
    Todd
    “No matter what you want to do you can find it in Compliance and AFC.”

    About Todd

    Todd has a Bachelor of Arts from Fordham University and a Juris Doctor from Texas A&M University School of Law. He started working in Compliance with a small broker in Dallas while still attending law school, and later moved to UBS before joining Deutsche Bank in 2012. He relocated to Jacksonville as the Compliance Officer for the local Corporate Investment Bank platform. After three productive and impactful years in Jacksonville, he was offered the opportunity to become part of the broader Markets-Fixed Income team in New York. When his manager transferred into a different role in July 2016, Todd was offered the opportunity to manage the team that covers the US Credit, Rates and Municipals businesses in Markets Compliance. Just recently he accepted a six month assignment to London to begin in June. “It’s another new opportunity and another reason I love being at this Bank.”

    Outside of his job, Todd likes spending time with his children. He enjoys reading, both for himself and to his children. Todd and his family are avid Disney-philes and go to Disney World a couple times a year.

    What is special about your work in Compliance?

    The Business Line Compliance unit is very special, the group recommends the business on their day to day activities to ensure they are operating in line with regulation while still generating revenue. As we sit on the trading floor our partnership permits a strong, regular dialogue to advise the business every day making Compliance an integral part of their business model.


    Could you give us an overview of what you do?

    The thing I like most about my job is that there is no typical day. I have meetings that I regularly attend but the questions and issues that arise from the business day in and day out are never the same and they keep me on my toes and engaged. In terms of projects, a couple of the larger things that my team and I are working on is the Global Antitrust Compliance initiative, which is performing an antitrust risk assessment of Deutsche Bank’s businesses globally, and the global SEF Authorized Trading Training delivering targeted Swap Execution Facility Rule training to traders outside the US.


    What makes Deutsche Bank a great place to work?

    One thing I appreciate is the global footprint. I really enjoy getting to work regularly with colleagues in other regions on new regulations and areas of impact to the business and to Compliance. I also received an amazing amount of support from my management both in Jacksonville and New York, providing opportunities for growth and ways for me to make a positive impact on the bank. They were very supportive of my move from Jacksonville to New York and Compliance management as a whole was very encouraging when I articulated my interest in managing the team.


    What is the collaboration like within your team?

    The work is interesting and the unit is full of quality people who are dedicated to their work and aren’t afraid to ask lots of questions. There’s a good level of collaboration but it could always improve. Engagement and collaboration is something that I really try to strive for. The standard that I set for myself and my team is to be the first to volunteer to contribute, the first to deliver, and to never ask anything of one another that we would not do ourselves.


    How were you supported in your continued professional development?

    I can’t say enough about the level of support I’ve received from my management and from Compliance management as a whole in my career development. I’ve been extremely fortunate in having worked for a manager my whole time at the bank who stays engaged with me and my goals and actively seeks to develop me in pursuing those goals.


    What are the career prospects offered by Compliance?

    I think that the career prospects for someone new to the unit really depend on the person but the compelling thing about Compliance, and also Anti-Financial Crime (AFC), is that there is literally something in these units that fits with everyone’s personality and skill set. It’s extremely engaging and no matter what you want to do you can find it in Compliance or AFC.


    Your personal advice to potential candidates?

    Don’t be afraid to get dirty and do the work that no one else wants to do. The work can be hard at times but there’s an opportunity to learn so much that way. I really believe that in Compliance and AFC, people who work hard and turn out quality work will be recognized and rewarded.

  • Florian
    Florian
    “Open-minded, flexible and creative.”

    About Florian

    Florian studied international business at the University of Applied Sciences in Mainz and at universities in the US, France and Lithuania. He also trained as a banking specialist.

    Florian has been with Deutsche Bank since 2014. He began working as an external consultant for Anti-Financial Crime (AFC)in 2009 and, four years later, was asked by the Global Chief Operating Officer for AFC to join his organisation based in Frankfurt/Main. In 2015, he was offered a role in the New York office where he is still based.

    In his spare time, Florian likes to cook up tasty meals with his partner and friends. Any extra pounds are then shed by running or cycling. He also enjoys long walks with his partner and their Beagle. His preferred vacation spots are warm places like Hawaii and the Carribbean, or wine-growing regions.

    What is special about your work in Anti-Financial Crime?

    In recent years, Anti-Financial Crime has been a growing department, heavily driven by increased anti-financial crime legislation and regulatory expectations. Over the years in my various roles I have worked in a department that contributes to fostering not only a culture of ethics but also to defining, implementing and managing effective controls that prevent financial crime. This has a very positive impact on the world’s economy, as a reduction in financial crime supports economic growth overall.


    Could you give us an overview of what you do?

    A typical day in the office starts no later than 7 am EST due to the different time zones. We usually have a series of back-to-back global conference calls until 2 pm, mainly related to the implementation of ‘Know Your Client’ (KYC) and FinTech topics. Then the day slows down slightly and I can focus more on conceptual work such as the definition of specific KYC process enhancements.

    My work involves establishing FinTech-specific KYC requirements, with FinTech being a strategic growth segment of Deutsche Bank. We also have to deal with the impact of FTR2015, a payment regulation to enhance end-to-end payment transparency. This is quite challenging because the European payment landscape is technically not as advanced yet to support a-soon-to-be-effective regulation. Becoming compliant requires workarounds and creative thinking.

    The enhancement of global and divisional KYC standards, their global alignment and implementation across Deutsche Bank is fun but challenging given the regulatory expectations around KYC standards vary, and because multiple divisions with a diverse client and product structure are involved.


    What is the collaboration like within your team?

    I work in a virtual team, with colleagues being based mainly in London, Frankfurt and Asia-Pacific I do have my manager as well as one member of staff with me here in New York, though.


    How were you supported in your continued professional development?

    Constant and very close engagement with the business divisions is supported by management through workshops and industry development engagement opportunities.


    Your personal advice to potential candidates?

    Be open-minded, bring flexibility and creativity with you, enjoy working globally, be a good listener and be proactive to engage with AFC stakeholders.

  • Ross
    Ross
    “Be confident, be yourself and don’t be afraid to take chances to realise your potential.”

    About Ross

    Ross has a degree in international business and spent eight years with Barclays Bank in the UK before joining Deutsche Bank in October 2015. Before that he worked in Spain and China. He now works as a member of the Global Sanctions and Embargoes Advisory team in Germany.

    Though the process of moving his family and house to a new country was quite stressful, Ross explains he had plenty of help from his new colleagues who were extremely welcoming. In his spare time, he likes to socialise with friends, enjoys reading fiction and loves to travel. He is also a keen swimmer.

    What value can you add personally in your unit?

    I think the biggest value I was able to bring to the team was my previous experience working in the sanctions unit at Barclays, combined with an interest in teaching and training. Before changing careers to work in banking, I was an English teacher in Spain and China. This experience has helped me considerably in my current role, where I am leading the Sanctions training workstream as part of the Sanctions and Embargoes Transformation project.


    Could you give us an overview of what you do?

    I lead training and communication projects for sanctions. We are currently changing our target operating model for sanctions screening, and part of this involves hiring a lot of new members of staff to carry out sanctions screening in several locations. A typical day involves creating documentation and training material as well as liaising with colleagues in order to plan training delivery.


    What makes Deutsche Bank a great place to work?

    It is a large global company with a variety of interesting roles, but I would say that what I have appreciated the most about working here are the people I work with. I have met so many nice and interesting people from different backgrounds.


    What is the collaboration like within your team?

    I would say that within the Sanctions and Embargoes team we collaborate very well. The work is very challenging and, at times, stressful. However, there is a real team spirit here and colleagues support each other.


    Which special knowledge and skills are required in the Regulation, Compliance & AFC unit?

    Prior experience in an Anti-Financial Crime subject is extremely beneficial. In Sanctions and Embargoes I would say that the ability and confidence to make an informed decision in a timely manner is probably the most important attribute.


    How were you supported in your continued professional development?

    There are lots of opportunities for advancement within this area and I feel supported in my professional development. In the past year I‘ve asked for and taken part in an external training session provided by ACAMS as well as several language courses in order to improve my German.


    Your personal advice to potential candidates?

    Be confident, be yourself and don’t be afraid to take chances to realise your potential.

  • Jermaine
    Jermaine
    “There is always space to learn in an ever changing banking environment”

    About Jermaine

    Jermaine joined Deutsche Bank in 2011 starting his career in Credit Sales middle office covering Credit derivatives for 2 years, then he moved in to a Project Management position in HR before moving in to Compliance Surveillance team in 2015. Before joining the bank, he worked as a mortgage consultant at the Royal Bank of Scotland for nine years.

    Jermaine likes variety in his spare time. He works out at the local gym and also does some road running to keep in shape. He is passionate about music and enjoys working in the garden once in a while, enhancing his green finger skills in his own small veggie patch at the back of his garden.

    What is special about your work in Compliance?

    Compliance is a division showing dynamic growth which plays a huge role ensuring that the bank is following regulatory guidelines – and that the relevant controls are in place to reduce risk whilst allowing the business to function. With a variety of different teams there is always space to learn in an ever changing banking environment.
    I work in the Information Barrier Surveillance team (IB) which is responsible for monitoring the flow of price sensitive/material non-public information around the bank through the surveillance of communications and trading activity. Compliance plays a huge part in protecting all the bank’s customer’s, investors and staff.


    Could you please briefly describe the tasks and projects you are working on?

    The IB team monitors communications and trading activity for potentially inappropriate and/or abusive trading practices and policy breaches. Responsibility and ownership play key parts in my daily work tasks. Ensuring the correct process and procedures are followed whilst providing strong analysis within the work we review, l also provide the support to the wider team ensuring we all follow the correct processes and are up to date with key changes within the business area.


    What particularly do you appreciate at Deutsche Bank as an employer?

    There are lots of diverse divisions which offer opportunities for networking via various initiatives and activity groups. The collaboration between teams in compliance is good, with many teams interacting based on the work they specialise in. Deutsche Bank provides a platform where transferable skills can be applied to many roles and the bank positively promotes changes with roles to enable the individual to gain further experience.


    Which special knowledge and skills are required in the Regulation, Compliance and AFC unit?

    Strong communication and analytical skills are essential, along with general market product and compliance knowledge. Global markets are continuously moving, tie in daily company announcements provides different results and reactions within trading activity. Therefore, the analysis and surveillance varies each day. With this I learn something new every day which is good not just for my own development but the wider team’s development also.


    What are the career prospects offered by Compliance?

    There are many free courses provided by Deutsche Bank to assist in your own personal development. Senior management support is strong to help you work in such an ever changing environment. You can also work towards different professional qualifications. Overall, it is good to know that there are opportunities not just based around your day-to-day work. We encourage staff to come and see what we do, so we can show them the types of work and detail within the roles, which will help to understand where they can add value in a growing division.


    Your personal advice to potential candidates?

    Deutsche Bank provides a huge opportunity to learn new things at all levels. Be open-minded as there is always scope for development and career progression. Allow yourself time to take in the potential changes in a dynamic environment and benefit from the experience of individuals around you.

Topics and News

  • Easier Access
    Easier access to the financial system creates opportunities for criminals
    Economic and technological forces are reconfiguring the world into a shared socio-political arena. The intensifying interdependence of national, regional and local economies is transforming organisational structures and networks in an unprecedented way

    Easier access to the financial system creates opportunities for criminals

    Economic and technological forces are reconfiguring the world into a shared socio-political arena. The intensifying interdependence of national, regional and local economies is transforming organisational structures and networks in an unprecedented way.

    World financial flows have grown exponentially in the last three decades; daily turnover on the foreign exchange markets exceeds USD1.5 trillion and annual turnover stands at a staggering 60 times the value of world trade; international banking, bond issues and equities and derivatives trading have risen to significant levels in relation to world or national output respectively; and most countries today are incorporated into global financial markets.

    While these advances have benefited the world economy in an overall prosperity and well-being sense, they do have some ramifications. Among these is the increased capacity for financial crime to take place.

    Financial crime is multifaceted, borderless and constantly evolving. The same infrastructures that facilitate global flows of goods, capital and people have also created the possibility of new security threats in the form of transnational organised crime, illegal arms trade, human trafficking, cyber warfare and international terrorism.

    For such illegal activities to endure, criminals look for avenues to facilitate the flow of their funds and conceal the proceeds.

  • What Deutsche Bank is doing
    What Deutsche Bank is doing to prevent criminals from misusing the organisation
    It’s no surprise that combating financial crime has become a high priority for governments, regulators and international institutions. The adverse and even devastating consequences of financial crime cannot be underestimated.

    What Deutsche Bank is doing to prevent criminals from misusing the organisation

    It’s no surprise that combating financial crime has become a high priority for governments, regulators and international institutions. The adverse and even devastating consequences of financial crime cannot be underestimated. Financial system abuse through, for example, money laundering, fraud or corruption, can result in a country’s debilitating macroeconomic performance, impose welfare losses and have negative cross-border externalities.

    Yet, financial crime is not confined within national borders. It has a direct impact on the stability and integrity of the global financial system. In particular, it could compromise bank soundness with potentially large fiscal liabilities, reduce the ability to attract foreign investment, and increase volatility in international capital flows and exchange rates; not to mention the potential reputational damage of organisations, countries or financial markets.

    The important link between financial market integrity and financial stability is self-evident. It has become vital for corporations to adopt new ways of doing business and cultivate partnerships to curb financial crime while maintaining their competitiveness. Strong international cooperation to explore innovative solutions and new technologies to undermine financial crime intent and minimise the ability of criminals to misuse the financial system is absolutely necessary.

    Deutsche Bank is committed to continue to be an important participant within the national and international arena in helping to tackle financial crime. The bank works closely with governments, regulators and intergovernmental coalitions to ensure that we apply the best possible compliance practices and the highest standards.

  • Combating financial crime
    Combating financial crime with technology
    As globalisation continues to reshape the world, the evolution – or rather ‘revolution’ – of modern technology has created new opportunities for businesses to extend their reach further. The internet has allowed the purchase of almost everything ...

    Combating financial crime with Technology

    As globalisation continues to reshape the world, the evolution – or rather ‘revolution’ – of modern technology has created new opportunities for businesses to extend their reach further. The internet has allowed the purchase of almost everything from any part of the world through electronic payments; it’s now possible to transfer money across different countries with ease and speed.

    Criminals have also adapted to these advancements in technology and are using it to find new ways to carry out their illegal activities. Their objective is to transfer their assets into legitimate global organisations without detection. Once this is accomplished, they are able to make their illegal assets appear legitimate.
    With criminals becoming increasingly sophisticated, states, police and financial institutions have to work hard to stay ahead. In order to do so, the changing landscape of financial crime needs to be understood.

    Currently, new payment methods are one of the prime targets for money launderers as they offer greater anonymity and easier access to funds. The rise of virtual currencies, mobile payments and online payments also means that money is changing hands at a faster pace, which can create significant loopholes. Checking customers moving money can be difficult when those new means of payment can be used instantaneously. As a result, money may enter the regular banking system without the payer’s identity being confirmed.

    Whether they operate online or offline, organised criminals are nationally, ethnically and criminally diverse, and are evolving into bigger, looser global networks.
    While financial criminals are using technology to carry out their activities, technology itself can be used to identify and combat financial crime.