Loading...
Loading...
Deutsche Bank Luxembourg S.A. is seeking an AFC Officer – Transaction Monitoring to join their Anti-Financial Crime team. Responsibilities include reviewing and investigating transaction monitoring alerts, analyzing customer activity, documenting findings, and escalating suspicious activity. The role supports regulatory reporting, ensuring compliance with AML/CTF requirements and global AFC standards. The officer will collaborate with various stakeholders to manage financial crime risk within the bank.
Purpose
For over 150 years, our dedication to being the Global Hausbank for our clients has been driven by our people – in around 60 countries and across more than 150 nationalities. Their deep understanding, insights, expertise, and passion help our clients navigate an increasingly complex world – be it in our Corporate Bank, our Private Bank, our Investment Bank or our Asset Management division. Together we can make a great impact for our clients home and abroad, securing their lasting success and financial security.
Role Overview: AFC serves to ensure that Deutsche Bank acts with integrity and discipline regarding the legal and regulatory requirements of the AML regime. AFC vision is to ‘Proactively protect our clients, our bank, and our society from financial crime risk ’AFC mission is to ‘Continually enhance an effective, efficient and sustainable financial crime control framework’
We are seeking a highly motivated AFC Officer – Transaction Monitoring to join our Anti-Financial Crime (AFC) Transaction Monitoring team in Luxembourg. This role focuses on the timely and accurate review, investigation, documentation, and escalation of transaction monitoring alerts across relevant business lines. The successful candidate will contribute to strengthening Deutsche Bank's financial crime defenses by identifying potentially suspicious activity, supporting regulatory reporting processes, and ensuring that investigations are performed in line with applicable AML/CTF requirements, internal policies, and global AFC standards.
Responsibilities:
· Transaction Monitoring Alert Review & Investigations:
o Review and investigate alerts generated by Transaction Monitoring systems in a timely, risk-based, and well-documented manner.
o Analyse customer activity, transaction patterns, account behaviour, counterparties, and relevant contextual information to identify unusual or potentially suspicious activity.
o Conduct enhanced due diligence and gather supporting information where required to support alert disposition and escalation decisions.
o Prepare clear, concise, and evidence-based investigation narratives that support defensible conclusions and meet internal quality standards.
· Escalation & Regulatory Reporting Support:
o Escalate potentially suspicious activity, higher-risk cases, or complex matters to senior team members, management, or relevant AFC stakeholders in accordance with defined procedures.
o Support the preparation of Suspicious Activity Reports (SARs) / Suspicious Transaction Reports (STRs) and related regulatory submissions by providing accurate case facts, analysis, and documentation.
o Ensure that case files are complete, properly documented, and ready for quality assurance, audit, or regulatory review.
o Apply sound judgment when assessing whether activity is explainable, requires further investigation, or should be escalated.
· Operational Discipline & Continuous Improvement:
o Manage assigned cases efficiently and in line with applicable service standards, prioritisation requirements, and internal procedures.
o Contribute practical feedback on alert quality, typologies, red flags, false positives, and process improvement opportunities.
o Support the implementation and consistent application of operational procedures, guidelines, and best practices within the Transaction Monitoring team.
o Participate in training, knowledge-sharing, and lessons-learned activities to strengthen team capability and investigation quality.
· Regulatory Compliance & Risk Management:
o Adhere to all relevant AML/CTF laws and regulations, including applicable Luxembourg AML requirements, as well as internal policies, procedures, and global AFC standards.
o Maintain awareness of evolving financial crime typologies, red flags, regulatory expectations, and industry developments relevant to Transaction Monitoring.
o Provide information, explanations, and supporting documentation for quality assurance reviews, audits, regulatory examinations, and management requests where required.
o Work collaboratively with other AFC functions, including Sanctions, Anti-Bribery & Corruption, KYC, and advisory teams, to support a holistic approach to financial crime risk management.
· Stakeholder Management:
o Collaborate effectively with internal stakeholders across business lines, Operations, Technology, Compliance, and other AFC functions to obtain information and resolve investigation queries.
o Communicate investigation outcomes, information requests, and escalation rationale clearly, professionally, and in a timely manner.
o Support team meetings, working groups, and projects by sharing relevant case insights, operational observations, and subject-matter input as required.
Skills:
· Education: Bachelor's degree in Finance, Economics, Business Administration, Criminal Justice, or a related field. Master's degree or relevant professional certifications (e.g., CAMS, ICA Diploma in Anti-Money Laundering) strongly preferred.
· Experience:
o Relevant experience in Anti-Financial Crime, AML/CTF, Compliance, Operations, or a related control function, preferably with exposure to Transaction Monitoring within a financial institution.
o Experience reviewing alerts, conducting investigations, documenting case rationales, or supporting AML/CTF controls is an advantage.
o Good understanding of AML/CTF regulations, financial crime typologies, investigation techniques, and red flags, with knowledge of Luxembourg AML requirements being a significant advantage.
o Experience with Transaction Monitoring systems and case management tools, such as Smaragd, Actimize, Mantas, or similar platforms, is desirable.
o Understanding of banking products, customer types, payment flows, and associated financial crime risks.
· Technical Skills:
o Proficiency in Transaction Monitoring systems and AFC tools.
o Strong analytical and problem-solving skills, with the ability to interpret complex data and identify suspicious patterns.
o Proficiency in Microsoft Office Suite, particularly Excel, Word, and PowerPoint.
o Familiarity with data analytics tools or SQL is a plus.
· Soft Skills:
o Excellent written and verbal communication skills, with the ability to articulate complex issues clearly and concisely to diverse audiences.
o Collaborative working style, willingness to learn, and ability to contribute positively to team performance and knowledge-sharing.
o Exceptional attention to detail and ability to maintain accuracy under pressure.
o Ability to work effectively in a fast-paced, dynamic, and highly regulated environment.
o High level of integrity, ethical conduct, and sound judgment.
o Ability to manage assigned workloads responsibly, meet deadlines, and escalate issues appropriately.
The successful candidate will be asked to present a recent criminal record.
Well-being & Benefits:
Emotionally and mentally balanced:
We support you in maintaining good mental health. Benefit from initiatives such as training events, counseling and support in difficult life situations and a culture where you can openly speak about mental health. Reach out to our Mental Health First Aiders.
Physically thriving:
We support you managing your physical health by taking appropriate preventive measures and providing a workplace that helps you thrive. We offer an in-house gym, standing desks, medical check-ups and promote healthier ways of working.
Socially connected:
We strongly believe in collaboration, inclusion and feeling connected to open up new perspectives and strengthen our self-confidence and well-being. Our local benefits vary from different types of leave, sports groups to engage with colleagues while keeping physically active and a hybrid working model.
Financially secure:
We support you to meet personal financial goals during your active career and for the future.
Thus, we offer two pension contribution plans, a worldwide accident insurance, private insurance discounts, special conditions as a Deutsche Bank employee with several retail banks in Luxembourg, public transportation reimbursement, lunch voucher scheme, company car participation, as well as a Corporate Benefits platform.
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.
