C&AFC –Anti-Financial Crime

Overview

Join to apply for the C&AFC – Anti-Financial Crime (AFC) Testing Lead - VP role at Deutsche Bank .

Details of the Division and Team

The Controls Testing & Assurance (CT&A) department is a global function of DB. CT&A focuses on the Compliance and Financial Crime risks and related regulatory requirements, which are critical for the Bank, providing feedback on the adequacy of related controls in DB's business areas and control functions. Within CT&A, the AFC Testing Team 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. 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.

Your key responsibilities

• The AFC Testing and QA Lead role reports into the APAC AFC Testing Head 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.
• 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.
• Take a lead role and participate in the creation of testing plans for areas of identified potential AFC risks.
• Maintain the current AFC Testing approach and methodology consistent and up-to-date.
• Lead Tests / Reviews / Adherence 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; as required, leading/managing a team of reviewers/officers /Testing professionals.
• Prepare reports for submission to the Global AFC Testing teams in hub locations detailing the work performed, findings, conclusions and recommendations.
• Ensuring that all issues raised in AFCT have adequate remediation plans that are tracked and escalated promptly and appropriately.
• Assisting in the development and maintenance of appropriate Management Information to inform Senior Management of pertinent matters, in line with global Deutsche Bank/Compliance/AFCT standards.
• Collaboration with various AFC and Business (1LOD) stakeholders to ensure the efficient and risk-focused planning and robust implementation of an effective Testing program for APAC that meet both BaFin and Asia Pacific/local country 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. 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 abreast of relevant regulatory developments which may impact monitoring requirements.
• Assist on projects and initiatives, as required.

Your skills and experience

• Minimum 10 years in AFC/AFC Testing/Audit/Risk and control in banking and financial services, with at least 2-3 years people management experience
• Strong investigative and analytical mindset & skills – enquiry, analysis, interviewing, testing
• Strong understanding and application of relevant AFC, Sanctions & Embargoes and Fraud-related regulations and legislations. Experience with regulators and managing regulatory examination.
• Solid understanding of AFC Risks and the ways in which the risks will crystallize in practice, so as to be able to test adequacy and effectiveness of the AFC Risk Management framework implemented to address those risks, Strong working knowledge of international banking business and products, similar to DB’s products & services.
• Excellent verbal, written and presentation skills.
• Assertive, engaging and able to quickly build and maintain effective working relationships.
• Strong report writing and issue drafting skills, including the ability to record and describe complex issues clearly and succinctly, in a way that are easily understandable by any recipient of the relevant reports.
• Attention to detail and ability to identify changes and impact of any changes to documents, systems and processes as against AFC risks, remediation required, etc
• Multi-cultural awareness and sensitivity; an experience of working within a multinational organisation(s).
• An enthusiastic team player and demonstrated strong People Manager; able to build strong, open dialogue-based relationships with relevant Stakeholders.
• Action oriented with a strong focus on completing tasks accurately and efficiently whilst working independently and with minimum direction.
• Able to take a pro-active approach to tasks and responsibilities. Technology- savvy and conversant with Microsoft, other technology / systems applications in the AFC area

Role details

Role is required to be performed on-site at One Raffles Quay office. Relevant vaccination requirements may apply.

How we’ll support you

• Flexible working to assist you balance your personal priorities
• Coaching and support from experts in your team
• A culture of continuous learning to aid progression
• A range of flexible benefits that you can tailor to suit your needs
• Training and development to help you excel in your career

About us and our teams

Deutsche Bank is the leading German bank with strong European roots and a global network. Deutsche Bank & Diversity 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.

Seniority level

• Not Applicable

Employment type

• Full-time

Job function

• Other

We’re unlocking community knowledge in a new way. Experts add insights directly into each article, started with the help of AI.

#J-18808-Ljbffr

---