AFC Testing Lead - Vice President

Job Description:

Job Title AFC Testing Lead

Corporate Title Vice President

Location New York

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.

• 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
  

• 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
  

• 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
  

• 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
  

• 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