Job Description:
Job Title AFC Testing Lead
Corporate Title Vice President
Location New York, NY
Overview
Deutsche Bank’s Anti-Financial Crime Testing (AFCT) Team, an assurance function within the Controls Testing & Assurance program, conducts testing of the design and operating effectiveness of the Firm’s control framework to manage its financial crime risks. Adhere to applicable regulations and Bank policy. AFCT also helps confirm that control gaps are escalated and mitigated through remedial actions. In this role you will lead the end-to-end testing of controls managing financial crime risks across both the first and second lines of defense for the Americas region.
What We Offer You
A diverse and inclusive environment that embraces change, innovation, and collaboration
A hybrid working model, allowing for in-office / work from home flexibility, generous vacation, personal and volunteer days
Employee Resource Groups support an inclusive workplace for everyone and promote community engagement
Competitive compensation packages including health and wellbeing benefits, retirement savings plans, parental leave, and family building benefits
Educational resources, matching gift, and volunteer programs
What You’ll Do
Conduct Anti-Financial Crime (AFC) testing to assess and review compliance with legal, regulatory, and Firm policy requirements applicable to Deutsche Bank products and services in the Americas
Lead tests, reviews, and adherence checks across all business activities and controls to evaluate the adequacy of risk management frameworks to mitigate financial crime risks and adhere to applicable regulations
Create design effectiveness and operating effectiveness test steps / test modules to assess AFC risk management effectiveness and regulatory adherence
Ensure the testing work plan adequately covers AFC risks, regulatory requirements, and regulatory expectations
Escalate any identified issues and exceptions to senior management for discussion and further investigation, if deemed necessary
Advise team members with respect to regulatory requirements and control standards necessary to manage financial crime risks
How You’ll Lead
Oversee team members executing testing and ensure testing activities are completed correctly and on a timely basis
Meet with senior management in AFC, businesses, and other control functions to describe significant risks, control gaps and any remedial actions needed
Maintain solid working relationships with Business Line AFC, Front Office, Operations, Group Audit, and other control groups throughout the Americas
Skills You’ll Need
Bachelor’s degree or advanced degree (e.g., JD, MBA, etc.) a plus but not required
Proficient experience working in an AFC risk management function pertaining to one or more of the following AFC Risk types; Anti-Money Laundering (AML), Sanctions & Embargoes, Anti-Fraud, Anti-Bribery & Corruption
Proficient experience in an Audit, Testing, Quality Assurance, or Quality Control role focused on assessing AFC risk management effectiveness
Strong understanding and application of relevant AFC regulation and legislation (including but not limited to the Bank Secrecy Act (BSA), USA PATRIOT Act, FinCEN CDD Rule, German AML Act, the German Banking Act, EU AML Directives, and other supporting regulations)
Strong understanding of multiple AFC risk management frameworks associated with products and services offered by large multinational financial institutions, including (but not limited to) Private Bank, Corporate Bank, and Investment Bank businesses
Skills That Will Help You Excel
Ability to identify matters that require further analysis and investigative skills (i.e., critical thinking, inquiry, and analysis)
Solid communication skills (both written and verbal) including ability to write reports that summarize key risks, issues, and remedial actions
Ability to understand and interpret various laws, regulations, and policies
Good organizational skills and attention to detail
Ability to work autonomously and within teams
Expectations
It is the Bank’s expectation that employees hired into this role will work in the New York office in accordance with the Bank’s hybrid working model.
Deutsche Bank provides reasonable accommodations to candidates and employees with a substantiated need based on disability and/or religion.
The salary range for this position in New York City is $125,000.00 to $183,500.00. Actual salaries may be based on a number of factors including, but not limited to, a candidate’s skill set, experience, education, work location and other qualifications. Posted salary ranges do not include incentive compensation or any other type of renumeration.
Deutsche Bank Benefits
At Deutsche Bank, we recognize that our benefit programs have a profound impact on our colleagues. That’s why we are focused on providing benefits and perks that enable our colleagues to live authentically and be their whole selves, at every stage of life. We provide access to physical, emotional, and financial wellness benefits that allow our colleagues to stay financially secure and strike balance between work and home. Click here to learn more!
Learn more about your life at Deutsche Bank through the eyes of our current employees: https://careers.db.com/life
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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.
We are an Equal Opportunity Employer - Veterans/Disabled and other protected categories. Click these links to view the following notices: EEO is the Law poster and supplement; Employee Rights and Responsibilities under the Family and Medical Leave Act; Employee Polygraph Protection Act and Pay Transparency Nondiscrimination Provision.
