AFC Testing & QA - Switzerland

Job ID:R0311468Full/Part-Time: Full-timeRegular/Temporary: RegularListed: 2024-01-22Location: Zurich

Position Overview

Deutsche Bank (DB) is committed to the highest standards of control in the areas of Compliance and Anti-Financial Crime (AFC). AFC covers Anti-Money Laundering (AML), Sanctions and Embargoes (SAE) and Anti-Fraud Bribery and Corruption (AFBC). The AFC Department is accountable for protecting DB from financial and reputational losses incurred by financial crimes by assessing, controlling, and mitigating relevant risks. The Management and all employees are required to adhere to AFC standards to protect DB and our reputation from those who intend to use our products and services for money laundering, bribery, corruption, fraud, market abuse and/or terrorist financing purposes.

Overview

Controls Testing & Assurance (CT&A) combines Compliance Testing, AFC Testing (AFCT) and AFC Quality Assurance (AFC QA). AFCT and AFC QA are core components of the AFC programme formulated and directed by the Global Head of AFC. Both provide assurance to the Management Board, Global Head of AFC and key stakeholders as to the operating effectiveness of the control framework to manage the Bank’s financial crime risks.

While AFCT undertakes risk-focused, sampled-based Testing to independently give assurance whether the Bank‘s control framework in its design and operations works effectively as well as informs about adherence to the applicable regulations and the Bank’s policies. AFC QA undertakes 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 AFCT and AFC QA identify issues, they advise on the appropriateness of remedial actions to improve the business and function control environments to manage financial crime risks and track the closure of the remedial actions accordingly.

In addition to the above, the AFC Testing Officer in Switzerland develops and executes an annual testing plan, which consists of mandatory and risk-based tests, and that covers the AFC risk types across all businesses in Switzerland. Additional monitoring checks may be executed on an ad-hoc basis. Where required, the AFC Testing officer will support other locations in their testing.

This role reports to the Country Head of Controls Testing & Assurance.

Key Responsibilities:

• Support the creation of the annual testing plan for Switzerland that covers the right risks and is in line with the global methodology.
• Undertake testing activities in the country to satisfy the mandatory and risk-based requirements for testing, to the deadlines agreed and the standards defined in the global testing framework.
• Communicate testing results using high quality reports.
• Proactively engage with the business to agree issues and remediation actions from testing activities. Track issues and actions to completion.
• Manage the relevant tracking systems timely and accurately with information on the reviews, tests, checks and their progress.
• Support continuous enhancement of the testing programme by identifying improvements and implementing them, while ensuring the programme remains aligned to the global framework.
• Assess the completeness and accuracy of KYC, Transaction Monitoring, Sanction & Embargo related cases using professional judgment, independent research and the review of the supporting documentation.
• Assess whether narratives address all risk factors, meet internal policies and procedures, regulatory standards and can be fully understood by a third party (i.e. Internal/External Audit, Regulators) Prepare Management Information (MI) and reports that are accurate, concise, timely and provide added value to the business to allow continuous improvement of controls and processes.
• Manage relationships and influence key stakeholders across the business lines and collaborate with other control functions and global CT&A teams as required.
• Provide assistance to ad-hoc requests from the Team Lead.

You will have:

• Strong ethical and integrity values.
• University degree or other closely related professional qualification.
• 4+ years of experience working in the Anti-Financial Crime area in a large financial institution. Experience should include KYC, Transaction Monitoring, Sanction & Embargoes (Name List Screening, and/or Transactions Filtering).
• Experience on assessing and/or testing the operating effectiveness of KYC, TM, and SAE, frameworks, including investigation activities. Good understanding of financial crime risks and internal controls.
• Good understanding and application of Swiss and EU AML & KYC regulation and legislation.
• Working knowledge of international banking business and products across International Private Bank, Corporate Bank and Investment Bank.
• Excellent analytical, research, problem solving and decision-making skills. Strong attention to detail and the ability to work on several mandates at the same time.
• Ability to work independently and accurately within tight deadlines while prioritising workload with minimal supervision.
• Ability to identify, escalate and communicate issues to management in an effective and succinct manner.
• Good skills with MS Windows (Excel, Word, Powerpoint).
• Knowledge and experience of working with AFC monitoring tools (e.g. LexisNexis, Worldcheck, HotScan, etc.) and Case Management systems.
• CAMS certification is a plus.
• Fluent in English, additional languages will be a plus (e.g. French, German).

You will be:

• Structured and organised in approach, demonstrating a high level of diligence and attention to detail plus having the ability to ensure high quality and consistency in the deliverables produced.
• Results oriented and able to work independently and accurately in a fast-paced environment within tight deadlines while prioritising workload with limited supervision.
• Proactive seeking to find the right solution and options to issues within and outside their specific remit, without being prompted and within an appropriate matrix management framework.
• Assertive and engaging and able to quickly build and maintain effective working relationships.
• Positive, collaborative, and flexible and able to operate successfully in a constantly changing environment.
• Strong in communication and negotiation, both written and verbal, with an ability to communicate effectively across all three lines of defence and technical team members.

Deutsche Bank is an equal opportunity employer who seeks to recruit and appoint the best available person for a job regardless of marital / civil partnership status, sex (including pregnancy), age, religion, belief, race, nationality and ethnic or national origin, colour, sexual orientation or disability.

Please let us know if you require any adjustments to enable you to apply or attend an interview. If you would like to discuss your requirements, or have any concerns about the application process, please contact your recruiter.

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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