Head of Private Bank United Kingdom UK Compliance & Anti-Financial Crime (SMF17)

Job Description:

Job Title Head of Private Bank United Kingdom UK Compliance & Anti-Financial Crime (SMF17)

Location London

Corporate Title Director

Deutsche Bank is committed to maintaining the highest standards of compliance, governance and financial crime risk management. The Compliance and Anti-Financial Crime (AFC) functions play a critical role in protecting the Bank’s license to operate by promoting adherence to regulatory requirements, supporting sound risk management and fostering a culture of integrity and accountability.

You will perform the Senior Management Function (SMF17) Money Laundering Reporting Officer (MLRO) for Deutsche Bank UK Bank Limited.

In this highly visible leadership role, you will be responsible for the oversight and management of the UK Private Bank Compliance and AFC frameworks, providing independent second line oversight, challenge and advice across regulatory compliance, conduct and financial crime risks. The role combines strategic leadership, regulatory engagement, governance oversight and people management, while supporting the ongoing growth and development of the UK Private Bank business.

What we’ll offer you

A healthy, engaged and well-supported workforce are better equipped to do their best work and, more importantly, enjoy their lives inside and outside the workplace. That’s why we are committed to providing an environment with your development and wellbeing at its centre.

You can expect:

• Hybrid Working - we understand that employee expectations and preferences are changing. We have implemented a model that enables eligible employees to work remotely for a part of their working time and reach a working pattern that works for them
• Competitive salary and non-contributory pension
• 30 days’ holiday plus bank holidays, with the option to purchase additional days
• Life Assurance and Private Healthcare for you and your family
• A range of flexible benefits including Retail Discounts, a Bike4Work scheme and Gym benefits
• The opportunity to support a wide ranging CSR programme + 2 days’ volunteering leave per year

Your key responsibilities

• Lead the UK Private Bank Compliance and Anti-Financial Crime functions, setting strategic direction and priorities aligned to regulatory expectations, business strategy and risk appetite.
• Act as the SMF17 (Money Laundering Reporting Officer) for Deutsche Bank UK Bank Limited, subject to regulatory approval. Undertake responsibilities delegated by the Private Bank SMF16 (Compliance Oversight).
• Advise and support the Private Bank UK business regarding regulatory obligations, conduct risk, financial crime risk and emerging regulatory developments. Serve as a primary point of contact for UK regulators regarding Financial Crime Risk matters and lead regulatory engagements, reviews and examinations where required.
• Provide effective oversight and challenge of business activities, products, services and strategic initiatives from a Compliance and AFC perspective.
• Oversee Compliance and Financial Crime Risk assessment activities, monitoring programmes, governance arrangements and remediation activities.
• Represent Compliance and AFC at Board and/or senior governance forums and provide clear reporting on key risk themes, regulatory developments and control issues.

Your skills and experience

• Currently hold, or have previously held, a UK SMF17 role, or demonstrate equivalent senior leadership experience within a regulated financial services environment.
• Demonstrate sufficient breadth of experience, technical expertise, leadership capability and regulatory credibility to support approval for, and effective performance of the SMF17 function.
• Extensive knowledge of the UK regulatory environment, including FCA and PRA expectations applicable to banking and wealth management businesses.
• Strong understanding of regulatory compliance frameworks, conduct risk management and financial crime risk management. Demonstrable experience engaging with regulators, senior executives, Boards and governance committees.
• Proven leadership experience with the ability to lead, develop and motivate high-performing teams.
• Excellent interpersonal, communication, stakeholder management and influencing skills with the ability to provide constructive challenge and balanced risk-based advice.
• Proven ability to leverage AI tools to enhance productivity, optimise workflows to solve business problems, while applying critical judgment to ensure responsible and ethical use of data and AI outputs

How we’ll support you

• A range of flexible benefits that you can tailor to suit your needs
• We value diversity and as an equal opportunities’ employer, we make reasonable adjustments for those with a disability such as the provision of assistive equipment if required (e.g. screen readers, assistive hearing devices, adapted keyboards)

About us

Deutsche Bank is the leading German bank with strong European roots and a global network. Click here to see what we do.

Deutsche Bank in the UK is proud to be namedin The Times Top 50 Employers for Gender Equality and has beenawarded a Proud Employer Trailblazer Status from Stonewall and named in their Top 100 Employers.

If you have a disability, health condition, or require any adjustments during the application process, we encourage you to contact our Adjustments Concierge at [email protected] to discuss. For more information about our recruitment process and available adjustments, please visit our Hiring Experience page.

We strive for a culture in which we are empowered to excel together every day. This includes acting responsibly, thinking commercially, taking initiative and working collaboratively.

Together we share and celebrate the successes of our people. Together we are Deutsche Bank Group.

We welcome applications from all people and promote a positive, fair and inclusive work environment.

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