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Company Name : Deutsche Bank
Location : Mumbai, Maharashtra
Position : KYC Testing Officer
Job Description : Job Title – AVP – Anti-Financial Crime (AFC) Testing Officer
Location – Mumbai, India/ (Bangalore as alternate location)
We are a business with a vision: to be the leading client-centric global universal bank. This enables us to offer exceptional opportunities to agile minds: people with the insight, passion and ideas to positively embrace new challenges, adding real value to everything we do.
We offer our employees the chance to make a genuine impact. We value diverse opinions in an intellectually stimulating environment where everyone has the chance to share in our success.
Our environment enables every employee to realize their potential. We value your unique perspectives, invest in your potential and encourage your personal and professional growth.
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.
Further, the Regulation, Compliance and Anti-Financial Crime (AFC) protect the integrity and reputation of Deutsche Bank. They manage the Bank’s risks and help to avoid unintentional rule breaches and conflicts of interest. At the same time, they also advise on ethical conduct, governance issues and keep our organisation up-to-date on regulatory and political challenges.
AFC’s Mission is:
To be a trusted and respected independent control function that aims to protect the bank from financial crime risk.
To establish a proactive framework to prevent, detect, investigate and report bank-wide financial crime risk events
What we’ll offer you
As part of our flexible scheme, here are just some of the benefits that you’ll enjoy
Best in class leave policy
Gender neutral parental leaves
100% reimbursement under child care assistance benefit (gender neutral)
Flexible working arrangements
Sponsorship for Industry relevant certifications and education
Employee Assistance Program for you and your family members
Comprehensive Hospitalization Insurance for you and your dependents
Accident and Term life Insurance
Complementary Health screening for 35 yrs. and above
Your key responsibilities
Deutsche Bank (DB) is committed to the highest standards of Anti-Money Laundering (AML), Embargo & Sanctions, Anti-Bribery and Corruption (ABC), Anti-Fraud and Investigations and Financial Crimes, collectively referred to as Anti-Financial Crime Compliance (AFC). The Management and all employees are required to adhere to these standards to protect DB and our reputation from those who intend to use our products and services for money laundering, bribery, corruption, fraud and/or terrorist financing purposes.
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 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 7-9 years in AFC / AFC Testing/ Audit/Risk and Control in financial services.
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.
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 all regulatory developments which may impact monitoring requirements
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;
Assist on projects and initiatives, as required
Your skills and experience
Strong understanding of AFC Risks and the ways in which the risks will crystallize in practice, to be able to test adequacy and effectiveness of the AFC Risk Management framework implemented to address those risks; Good working knowledge of international banking business and products, similar to DB’s products and services
Strong understanding and application of relevant AFC, sanctions & Embargoes and Fraud-related regulations and legislations. Experience with regulators and managing regulatory examinations will be a plus
Strong investigative and analytical skills – enquiry, analysis, interviewing, testing; well versant with technology and applications that can be utilised in an AFC and Controls testing environment;
Strong 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) will help.
You will be:
An enthusiastic team player ; ab le 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 will be a plus
How we’ll support you
Training and development to help you excel in your career
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
About us and our teams
Our values define the working environment we strive to create – diverse, supportive and welcoming of different views. We embrace a culture reflecting a variety of perspectives, insights and backgrounds to drive innovation. We build talented and diverse teams to drive business results and encourage our people to develop to their full potential. Talk to us about flexible work arrangements and other initiatives we offer.
We promote good working relationships and encourage high standards of conduct and work performance. We welcome applications from talented people from all cultures, countries, races, genders, sexual orientations, disabilities, beliefs and generations and are committed to providing a working environment free from harassment, discrimination and retaliation.
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