Cao - Anti-financial Crime (Afc) Testing Officer

**Details of the Division and Team**:
Deutsche Bank AG (“DB” or “Bank”) has established the Controls Testing & Assurance department (“CT&A”) as an independent function, reporting to the Chief Administrative Officer (“CAO”). This group was formed from the legacy Testing and Quality Assurance group in Anti-Financial Crime (“AFC”) and the legacy Compliance Testing group in Compliance (“Compliance”). CT&A performs core regulatory prescribed processes for and on behalf of the Bank for AFC and Compliance. The establishment of CT&A as a separate and discrete function within the CAO Office raises its stature and profile at the Bank. CT&A is organizationally independent, not only, from the businesses and other infrastructure groups such as Risk, Operations, but from AFC and Compliance. The head of CT&A has a direct reporting line into the CAO, who is the Management Board Member of the Bank, who has responsibility for, among other things, Legal, AFC and Compliance. As CT&A performs regulatory-mandated processes for and on behalf of the AFC and Compliance functions, there are protocols (the “protocol”) that set out the overarching principles for and the interactions between CT&A on the one hand, and AFC and Compliance, respectively.

The AFC programme is formulated and directed by the Global Head of AFC. The Global Head of AML/KYC and Business Line AFC reports to the Global Head of AFC and is responsible for ensuring the bank’s AML & KYC framework meets regulatory expectations and these standards are aligned across DB’s businesses. This responsibility extends to branches, subsidiaries and other dependent companies within the respective region (DB Group).

The AFC Testing (AFCT) team, under the overall CT&A Function, is responsible for providing assurance testing on the design and operating effectiveness of the AFC and businesses’ control environment and adherence to applicable AFC, Sanctions & Embargoes and Fraud-related regulations and the Bank’s policies. AFCT develops and executes an annual, risk-based AFC testing plan that covers the risk categories owned by AFC, across all businesses in the region.

The AFC Testing Officer/ Reviewer role reports into the APAC AFC Testing Head or a senior member in the function. The role’s key responsibility is participating in the design, planning and implementation of a globally consistent 2LoD Testing capability for assuring that the Bank’s controls are robust and correctly executed across the bank. The role requires strong AFC Risk Management experience, with 4-6 years in AFC / AFC Testing/ Audit/Risk and Control in financial services.

**What we will 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 center.

**You can expect**:

- Flexible benefits plan including virtual doctor consultation services
- Comprehensive leave benefits
- Gender-neutral Parental Leave
- Flexible Working Arrangements
- 25 days of annual paid leave, plus public holidays

**Your key responsibilities**:

- Play a key role in supporting the execution of the testing program for L1 and L2 controls, potentially including reviews at the non-hub offices; the opportunity for travel to other jurisdictions may be available
- Participate in the creation of testing plans for areas of identified potential AFC risk
- Maintain the current Testing approach and methodology consistent and up-to-date
- Undertake Tests / Reviews/Checks and assessments of the business records in line with the AFC Testing Plan while working in close coordination with the Global AFC Testing & QA team under the wider Controls Testing & Assurance (CT&A) function
- Prepare reports for submission to the Global AFC Testing teams in hub locations detailing the work performed, findings, conclusions and recommendations
- Collaboration with various AFC and Business (1LOD) stakeholders to ensure the implementation of adequate and effective testing program for APAC that meet both BaFin and local regulatory requirements
- Liaising regularly with relevant businesses, Business Line AFC Compliance and other colleagues to remain abreast of developments as it pertains to AFCT; ensuring stakeholders are aware of the likely impact on the controls testing program and implementing changes where necessary
- Ensuring that all issues raised in AFCT have adequate remediation plans that are tracked and escalated promptly and appropriately
- Conduct Quality assurance reviews on transaction monitoring processes in the Asia Pacific.
- Compiling reports and trend analysis in preparation for discussion with key Stakeholders from AFC, Business and GTO functions, identifying key issues and areas for improvement
- Sharing best practice and learnings with AFCT colleagues locally/regionally/globally
- Staying abr