Senior AFC & Compliance Officer

Employer: DWS Group

Title: Senior AFC & Compliance Officer- VP

Location: Madrid

About DWS:

Today, markets face a whole new set of pressures – but also a whole lot of opportunity too. Opportunity to innovate differently. Opportunity to invest responsibly. And opportunity to make change.

Join us at DWS, and you can be part of an industry-leading firm with a global presence. You can lead ambitious opportunities and shape the future of investing. You can support our clients, local communities, and the environment.

We’re looking for creative thinkers and innovators to join us as the world continues to transform. As whole markets change, one thing remains clear; our people always work together to capture the opportunities of tomorrow.

As investors on behalf of our clients, it is our role to find investment solutions. Ensuring the best possible foundation for our clients’ financial future. And in return, we’ll give you the support and platform to develop new skills, make an impact and work alongside some of the industry’s greatest thought leaders. This is your chance to achieve your goals and lead an extraordinary career.

This is your chance to invest in your future.

Read more about DWS and who we are here.

Team / division overview

The Senior AFC & Compliance Officer serves as the local Anti-Financial Crime and Compliance Officer for the Spanish branches of DWS regulated entities. The role provides independent second-line oversight and advisory services across the full spectrum of DWS activities in Spain, including Asset Management, Distribution, Alternatives, Technology & Operations, Corporate Functions and strategic business initiatives.

The position is fully integrated into the global DWS AFC & Compliance organization and acts as the primary local point of contact for Spanish regulatory authorities, senior management and internal governance bodies regarding Anti-Financial Crime and Compliance matters.

Your responsibilities –

As our Senior AFC & Compliance Officer- VP you will:

• Act as the designated local AFC & Compliance Officer for DWS regulated branches in Spain and ensure the effective implementation of the DWS AFC & Compliance Framework.
• Provide independent oversight of adherence to applicable Spanish, European and DWS internal regulatory requirements.
• Monitor regulatory developments affecting the DWS business in Spain and coordinate implementation activities with relevant stakeholders.
• Promote a strong culture of integrity, conduct, compliance and risk awareness across all business and infrastructure functions.
• Provide proactive AFC & Compliance advice and challenge to senior management, business units and infrastructure functions on regulatory and compliance matters.
• Advise on conflicts of interest, personal account dealing, market conduct, cross-border business activities
• Act as Compliance and AFC representative in governance forums, business committees and project steering groups.
• Lead and coordinate Compliance and AFC risk assessments for Spanish branches within the DWS Compliance Risk Assessment framework.
• Assess inherent risks, control effectiveness and residual risk profiles and ensure appropriate documentation and governance.
• Execute and oversee second-line monitoring and testing activities covering applicable Compliance and AFC risk areas.
• Ensure appropriate documentation of risk assessments, monitoring activities, findings and governance decisions.
• Provide AFC advice, challenge and oversight regarding financial crime risks and associated controls.
• Act as the primary AFC & Compliance contact for local regulators and support regulatory inspections, requests and thematic reviews.
• Prepare and contribute to board, management and committee reporting for local governance forums and regulated entities.
• Escalate material AFC & Compliance risks, incidents and regulatory matters appropriately within the DWS governance framework.
• Support the development and maintenance of local policies, procedures and governance documentation.
• Deliver AFC & Compliance training and awareness initiatives to employees and management.
• Support the development of a strong compliance culture through communication, engagement and targeted guidance.
• Provide subject matter expertise and coaching to business stakeholders and control functions.

We are looking for:

• University degree, ideally in Law, Economics, Business Administration, Finance or a related discipline.
• Significant professional experience (typically 7+ years) within Compliance, Anti-Financial Crime, Legal, Risk or other control functions in the financial services industry.
• Strong knowledge of Spanish, European and international financial services regulation applicable to asset managers and investment firms.
• Experience interacting with regulators, senior management and governance committees.
• Sound understanding of Asset Management, Distribution, Alternatives, Technology & Operations and supporting control frameworks.
• Proven ability to balance effective risk management with commercial awareness and business partnership.
• Excellent analytical, problem-solving and stakeholder management skills.
• Strong written and verbal communication, presentation and influencing capabilities.
• Fluent Spanish and English. Additional European languages would be an advantage.

What we’ll offer you:

At DWS we’re serious about diversity, equity and creating an inclusive culture where colleagues can be themselves and it’s important to us that you enjoy coming to work - feeling healthy, happy and rewarded. At DWS, you’ll have access to a range of benefits which you can choose from to create a personalised plan unique to your lifestyle. Whether you’re interested in healthcare, company perks, or are thinking about your retirement plan, there’s something for everyone.

DWS’ Hybrid Working model is designed to find the right balance between in-person collaboration and engagement in the office, which is core to our working culture, and working from home. Each business group varies on the split between time spent in the office and at home, but this will be discussed and made clear as part of your application and interview process. We will continue to review and evolve our working environments and methods to ensure that we are working in the best way possible for our people.

If you require any adjustments or changes to be made to the interview process for any reason including, or related to a disability or long-term health condition, then please contact your recruiter and let them know what assistance you may need. Examples of adjustments include providing a change to the format of the interview, or providing assistance when at the DWS office. This will not affect your application and your recruitment team will discuss options with you

We at DWS are committed to creating a diverse and inclusive workplace, one that embraces dialogue and diverse views, and treats everyone fairly to drive a high-performance culture. The value we create for our clients and investors is based on our ability to bring together various perspectives from all over the world and from different backgrounds. It is our experience that teams perform better and deliver improved outcomes when they are able to incorporate a wide range of perspectives. We call this #ConnectingTheDots.