Job Description
Job Description:
Job Title: Chief Administrative Office - Anti-Financial Crime (AFC) Testing and QA Reviewer
Location: Bangalore
Details of the Division and Team:
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 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.
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 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 holiday & Flexible Working Arrangement
Your key responsibilities:
The AFC Testing and QA Reviewer role reports into the APAC AFC Testing & QA Head or a senior member in the function. The role's key responsibility is participating in the design and implementation of a globally consistent 2LoD Testing & QA 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 5-7 years in AFC / AFC Testing/ Audit/Risk and Control in financial services.
• 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;
• 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
• Working in coordination with the Global AFC Testing & QA team;
• Participate in the creation of testing plans for areas of identified potential AFC risk;
• Maintain the current Testing & QA 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.
• 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;
• 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;
• 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:
• Good 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; Good working knowledge of international banking business and products
• 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.
• 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:
• 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
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
Job Title: Chief Administrative Office - Anti-Financial Crime (AFC) Testing and QA Reviewer
Location: Bangalore
Details of the Division and Team:
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 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.
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 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 holiday & Flexible Working Arrangement
Your key responsibilities:
The AFC Testing and QA Reviewer role reports into the APAC AFC Testing & QA Head or a senior member in the function. The role's key responsibility is participating in the design and implementation of a globally consistent 2LoD Testing & QA 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 5-7 years in AFC / AFC Testing/ Audit/Risk and Control in financial services.
• 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;
• 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
• Working in coordination with the Global AFC Testing & QA team;
• Participate in the creation of testing plans for areas of identified potential AFC risk;
• Maintain the current Testing & QA 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.
• 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;
• 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;
• 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:
• Good 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; Good working knowledge of international banking business and products
• 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.
• 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:
• 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
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
💡 Quick Summary
Seeking a career-building opportunity? The Chief Administrative Office position is now open for candidates interested in the Bank Jobs sector. This role in Bengaluru offers a professional environment and growth potential.
Requirement Snapshot: Candidates should possess basic communication skills, a proactive attitude, and the ability to work in a team. Experience in Bank Jobs is a plus.
