DWS - Senior Compliance Manager, Asset Management - Director
Deutsche Bank AG
Hong Kong, Hong Kong

DWS Group GmbH & Co. KGaA (DWS) is one of the world's leading asset managers with EUR 700bn of assets under management (as of 31 Dec 2017).

Building on more than 60 years of experience and a reputation for excellence in Germany and across Europe, DWS has come to be recognized by clients globally as a trusted source for integrated investment solutions, stability and innovation across a full spectrum of investment disciplines.

We offer individuals and institutions access to our strong investment capabilities across all major asset classes and solutions aligned to growth trends.

Our diverse expertise in Active, Passive and Alternatives asset management as well as our deep environmental, social and governance focus complement each other when creating targeted solutions for our clients.

Our expertise and on-the-ground-knowledge of our economists, research analysts and investment professionals are brought together in one consistent global CIO View, which guides our strategic investment approach.

DWS wants to innovate and shape the future of investing : with staff from 35 nationalities, speaking more than 75 languages rooted in 22 countries, we are local while being one global team.

Position Overview

DWS Compliance protects the integrity and reputation of DWS by helping avert unintentional rule breaches, conflicts of interest and managing risk.

At the same time, they also advise the business on ethical conduct and governance issues and keep the business up to date on regulatory and political challenges.

As the Senior Compliance Manager you will formulate and complete the annual monitoring plan, including the design, testing and review of the programme to assess whether business is effectively implementing proper controls to adhere to all applicable regulatory requirements, as well as relevant Deutsche Bank Group internal policies and procedures.

Key responsibilities :

  • Monitor regulatory developments applicable to the business and working with relevant departments to ensure that an appropriate impact assessment, gap analysis and implementation steps are carried out in a timely manner
  • Enhance and provide face to face compliance training for relevant staff so that appropriate compliance knowledge and awareness can be maintained
  • Participate in new products / business discussions; providing support for the partnership with Anti-Financial Crime (Anti-
  • Money Laundering, Anti-Financial Fraud and Anti-Bribery & Corruption)

  • Design and implement L2 controls and surveillance in relation to DWS Hong Kong’s investment activities with a specific focus on Alternatives investments (specifically Private Equity-
  • PE ) managed out in Hong Kong

  • Establish robust procedures for reviewing due diligence processes relating to sourcing, acquisition and sale of PE investments
  • Oversee the monitoring activities of all AML / KYC pre-screening and ongoing reviews performed on PE counterparties and projects to ensure compliance with both regulatory and DB AML standards;
  • Work in close coordination with the Anti-Financial Crime teams globally to ensure business practices specific to the PE business (consultancy and introducer arrangements) are in line with DB standards
  • Facilitate in the review of contractual agreements from a compliance perspective; especially as it related to contract development / management efforts with developers of PE assets
  • Collaborate with relevant Finance and Operations functions to administer controls that ensure compliance with various regulatory financial standards applicable to PE investments, for example Liquidity rules, Asset Valuation requirements
  • Lead compliance efforts and representation in various PE risk assessment, performance and asset valuation forums / committees
  • Coordinate all US regulatory filings applicable to the DWS Alternatives business in Hong Kong (CFTC filings, ADV disclosures)
  • Lead compliance efforts and represent APAC in the Global Control and Monitoring practice group, including developing a book of work, harmonizing controls (where applicable), perform gap analysis and facilitate training employees and contribute towards the development of the Global Key Operating Procedures (KOP)
  • Key skills & qualifications :

  • Finance / Business Degree; desirable to have legal training / experience in reviewing legal documents
  • Minimum 4 years relevant experience ; preference will be given to candidates with hands on experience in administering operational controls / managing compliance programs for private equity businesses
  • Strong knowledge of Securities and Futures Commission (SFC) regulations as applicable to an Investment Management business servicing both institutional and retail clients, with exposure and familiarity in managing retail product compliance issues.
  • Experience in administering a compliance program for a Securities and Exchange Commission (SEC) Registered Investment Adviser is a plus

  • Working knowledge of illiquid investments from a controls, surveillance and compliance perspective; in depth understanding of private equity as an asset class
  • Experience in driving private equity compliance efforts on a cross border basis is preferred
  • Experience in US extraterritorial regulations applicable to private fund investments
  • Excellent proficiency in written and verbal English is required; general proficiency in Cantonese and Mandarin is also preferred
  • Deutsche Bank is an equal opportunity employer who seeks to recruit and appoint the best available person for a job regardless of marital status, sex (including pregnancy), age, religion, belief, race, nationality and ethnic or national origin, colour, sexual orientation or disability.

    Deutsche Bank does not accept unsolicited curriculum vitae from third party vendors.

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