In Scope of Position based Promotions (INTERNAL only)

Job Title - AFC Testing and QA Governance Officer

Location - Bangalore, India

About Deutsche Bank

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.

About the Department

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

Role Description

Overall Purpose of the Role

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 Testing & QA programme is formulated and directed by the Global Head of AFC Testing & Quality Assurance (QA). AFC Testing & QA is a core component of the AFC programme. It provides assurance to the Management Board, Global Head of AFC and key stakeholders as to the design and/or operating effectiveness of the control framework to manage the Bank’s financial crime risks.

AFC Testing & QA undertake:

• Risk based Testing, which assesses the adequacy of design and/or operating effectiveness of the control framework to manage the Bank’s financial crime risks; and
• Risk-focused, sampled-based QA to independently assess whether processes to manage financial crime risks in the first and second lines of defence (LoD) operate effectively.

Where AFC Testing & QA identifies issues, it advises on the appropriateness of remedial actions to improve the business and function control environments to manage financial crime risks and tracks the closure of the remedial actions accordingly.

The QA program is split across the following streams:

• Know Your Customer (KYC) QA: focuses on whether KYC files meet applicable regulatory and policy standards.
• Transaction Monitoring & Investigations (TMI) QA: focuses on whether TM alerts have been adequately investigated and resolved correctly in adherence to applicable regulatory and policy standards. TMI QA also assesses whether any responses to regulatory inquiries, Internal Referrals and other AFC investigative mandates are appropriately handled.
• Name List Screening (NLS) QA: focuses on whether alerts related to Sanctions, Embargoes, Politically Exposed Persons (PEPs), Adverse Media and Internal Watchlist have been adequately investigated and resolved correctly in adherence to applicable regulatory and policy standards.
• Transactions Filtering (TF) QA: focuses on whether alerts in respect of transactions related to Sanctions and Embargoes (SAE) have been adequately investigated and resolved correctly in adherence to applicable regulatory and policy standards.

The AFC Testing & QA Governance team oversees the execution of the global program and supports the Global Head of AFC Testing & QA in maintaining, developing and reporting on the global program. This role, as explained in detail below, is part of the Governance team and reports to the Head of AFC Testing & QA Governance.

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 childcare assistance benefit (gender neutral)
• 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

• Manage compliance with the AFC Testing KODs and the AFC QA Procedures by overseeing the AFC QA maturity model progressions and temporary/permanent exceptions.
• Monitor the timely QA completion and MI publication for KYC, TMI, NLS and TF Programmes partnering with the respective Team Leads.
• Lead the semi-annual attestations for Testing and QA, in partnership with the Regional Heads and Team Leads
• Prepare monthly Management Information (MI) and reports that are accurate, concise, and timely, which provide added value to the business to allow continuous improvement of controls and processes.
• Provide support to the global AFC Testing & QA team in respect of the systems used by AFC Testing & QA (namely currently, AFC Kepler, dbAware and Fahrenheit).
• Manage relationships and collaborate with global Team Leads across Testing and all QA disciplines.
• Support the development and creation of the Annual AFC Testing Plan and Quarterly Refresh of the Plan.
• Contribute to other ad hoc projects and initiatives for AFC Testing & QA.

Your skills and experience

• 5+ year(s) of experience working in the Anti-Financial Crime area in a large financial institution. Experience may include either KYC, Transaction Monitoring, Name List Screening, and/or Transactions Filtering. Experience within Testing, QA functions or a similar role would be an advantage.
• Good understanding of financial crime risks and internal controls.
• Excellent analytical, research, problem solving and decision-making skills. Strong attention to detail and the ability to multitask.
• Ability to work independently and accurately within tight deadlines while prioritising workload with minimal supervision.
• Ability to identify, escalate and communicate issues in an effective and succinct manner.
• Strong communication skills, both written and verbal.
• Proficiency in Excel, Word, PowerPoint; experience in creating macros is an advantage.
• CAMS certification desirable.
• Fluent in English.

You will be

• An enthusiastic team player; 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 will be a plus

How we’ll support you

• Training and development to help you excel in your career
• 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

About us and our teams

Please visit our company website for further information:

https://www.db.com/company/company.htm

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.

Visit Inside Deutsche Bank to discover more about the culture of Deutsche Bank including Diversity, Equity & Inclusion, Leadership, Learning, Future of Work and more besides.