Control Testing & Assurance - Testing Specialist, AVP

Deutsche Bank AG (the Bank) has established the Controls Testing & Assurance department (CT&A) as an independent function, reporting to the Chief Administrative Officer (CAO). The Compliance Testing (CT) team within CT&A is responsible for providing assurance testing on the design and operating effectiveness of the businesses control environment and adherence to applicable regulations and the Banks policies. CT develops and executes an annual, risk-based testing plan that covers the risk categories owned by Compliance, across all businesses in the region.

The role involves Compliance Testing Reviewer for DB AG Mumba Branch reporting to Compliance Testing team lead in Mumbai. The key relevant businesses are

International Private Bank (IPB) Retail banking and Wealth Management business

Investment Bank (IB) Fixed Income and Currencies, Origination and Advisory, Research

Corporate Bank (CB) Cash Management, Trade Finance & Lending and Security Services

What we offer you

• As part of our flexible scheme, here are just some of the benefits that you will enjoy.
• Best in class leave policy
• Gender neutral parental leaves
• 100% reimbursement under childcare assistance benefit (gender neutral)
• Flexible working arrangements
• Sponsorship for Industry relevant certifications and education
• Employee Assistance Program for you and your family members
• Comprehensive Hospitalization Insurance for you and your dependents
• Accident and Term life Insurance
• Complementary Health screening for 35 yrs. and above

Your Key Responsibilities

• Support development of a plan for the location of coverage based on the Controls Testing & Assurance planning methodology. This will also involve collaboration with various Compliance stakeholders to ensure the implementation of adequate and effective testing program that meet local regulatory requirements.
• Execute testing program for controls including branch visits across India.
• Perform control testing based on requirements prescribed by RBI including annual review of Risk Based Supervision (RBS) Tranche III
• Ensure that all issues raised in CT have adequate remediation plans that are tracked and escalated promptly and appropriately.
• Develop relationships with the relevant Business Management offices, Divisional Control teams and Infrastructure functions.
• Sharing best practice and learnings with CT colleagues locally/regionally/globally.
• Assisting in the development and maintenance of appropriate Management Information to inform Senior Management of pertinent matters, in line with global Deutsche Bank/Compliance/CT standards and
• Assisting in any ad-hoc projects and tasks as necessary.

Your Skills and Experience

• CA/MBA or other professional qualifications. CFA or FRM or partial qualification would be an advantage.
• Minimum of 8 to 10 years experience in compliance/ internal audit / control testing within a Financial Institution.
• Good experience of interpretation of RBI guidelines and applying them for control testing
• Good combination of performing risk-based reviews along with mandatory RBI regulatory reviews
• Prior experience of working with banking franchise in India along with Big 4 firms
• Good understanding of banking business in India, regulatory framework and various product offerings
• Proven investigative and analytical mindset & skills enquiry, analysis, interviewing, testing; well versed with technology and applications that can be utilized for assurance testing.
• Good 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.
• Strong attention to detail and ability to identify changes and impact of any changes to documents, systems, and processes in the context of compliance risks, remediation required, etc.
• The drive, discipline and enthusiasm to work independently under pressure.
• Ability to quickly understand complex issues and set a course of action (that others are prepared to follow) to meet specific goals.
• Strong verbal, written and presentation skills.
• Proactive seek 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.
• Strong collaborative team player receptive to exchange of ideas and constructive criticism.
• Multi-cultural awareness and sensitivity.
• Proficient in the use of Microsoft Outlook, Excel (i.e., organizing data sets), Word, and PowerPoint.