Compliance Officer - AFC & Compliance Testing

• The DWS Anti-financial Crime (AFC) and Compliance Testing team, part of the AFC and Compliance Department, conducts reviews to evaluate the firms compliance with applicable laws and regulations and to ensure that control gaps are escalated and mitigated through remedial actions.
• The Compliance Officer will support the Americas Head of AFC and Compliance Testing in performing reviews, tests, and branch inspections designed to provide assurance that the internal control framework is effective in mitigating AFC and Compliance risk within DWS in the Americas Region.

Your key responsibilities

• Perform AFC and Compliance reviews under the direction of the Americas Head of AFC and Compliance Testing to assess and review compliance with legal, regulatory, and internal firm policy requirements applicable to DWS products and services in the Americas. May also support global reviews that cover other Regions outside of the Americas.
• Support the development of testing modules and conduct testing across all DWS Americas business activities to evaluate adherence to regulatory requirements.
• Build and maintain effective relationships with business line leadership, business line AFC and Compliance, Operations groups, Internal Audit, Testing peers in Deutsche Bank, and other stakeholders and partners throughout the region.
• Support the development of a testing universe and review plan based on the results of the annual AFC and compliance risk assessment, in consultation with the Americas Head of AFC and Compliance Testing.
• Ensure testing scripts are effectively designed to identify potential control gaps and non-compliance with laws and regulations.
• Identify AFC and Compliance risks inherent in a business or process and assess whether the control framework in place is effectively managing these risks.
• Determine the root cause of issues and guide the development of effective remediation plans to mitigate the risks.
• Support the preparation and distribution of reports to DWS leadership and senior management detailing review findings and recommendations.
• Ensure that all findings and recommendations are entered into the appropriate issue tracking system for managing corrective actions effectively and performing follow-up and final validation to ensure proper resolution.
• Meet with senior management in AFC and Compliance, lines of business, and other stakeholders to provide an overview of significant risks and control gaps.
• Support the Americas Head of AFC and Compliance Testing in drafting periodic reports to senior management and regulators, as well as in various other ad hoc projects.

Your skills and experience

The skills desired for this position include:

• Demonstrated strong knowledge of regulations governing financial institutions including the BSA, USA PATRIOT Act, sanctions, and financial services rules and regulations of the FRB, FINRA, SEC, NFA, and CFTC.
• Demonstrated strong knowledge of asset management related products and services (e.g., broker dealer, investment advisory, fixed income, and equities), particularly a bank-affiliated asset manager.
• Experience in Compliance, Testing or Internal Audit functions within financial services.
• Excellent interpersonal and communication skills and experience with the ability to interact effectively with internal and external stakeholders, including regulators and senior management.
• Demonstrated strong analytical and investigative skills.
• Demonstrated strong critical thinking skills including the ability to identify the root cause of issues.
• Demonstrated strong organizational and project management skills and diligence.
• Demonstrated strong ability to manage multiple compliance reviews and projects at the same time and meet quality standards and deadlines.

Qualifications:

• BA or BS Degree necessary.
• JD or MBA a plus.