Principal Auditor - Corporate and Investment Banking (CB/IB) Operations, VP

Job Description: In Scope of Position based Promotions

Job Title: Principal Auditor  -  Corporate and Investment Banking (CB/IB) Operations Corporate Title: Vice President Location: Bangalore, India

Role Description As an VP Principal Auditor in the Corporate and Investment Banking (CB/IB) Operations team, you will work with management and staff within Group Audit based in India and United Kingdom to lead and deliver audits performed globally. You will become an integral member of a diverse high-performing team, providing Subject Matter Expert support, primarily on the KYC and Anti Financial Crime (AFC) topics as part of the holistic ‘front to back’ audit review process and supporting the Principal Audit Manager (PAM) in managing the relationship for CB & IB KYC Operations. This means you will also work closely with other audit teams, for example Anti Financial Crime/Anti Money Laundering, Technology and Corporate and Investment Banking, to provide integrated audit coverage.

The Principal Auditor (VP) reports to the PAM, based in Bangalore, responsible for the CB & IB KYC Operations portfolio. They in turn report to the Global Chief Auditor (CA) for CB & IB Operations including KYC Operations, further reporting into Head of Audit (HOA) who has direct reporting into Global Head of Group Audit (GHGA).

Divisional Description – Group Audit The Group Audit (GA) function is a professional, business focused, proactive risk-based global audit team that operates with transparency, integrity and independence, and assists the Bank’s business and infrastructure areas to identify key control weaknesses.

Focused on identifying potential risk exposure, the function offers vital insights into the adequacy of the design and the operating effectiveness of systems of internal control. A global function operating from four hub locations (London, New York, Frankfurt and Singapore) and 30 other locations globally, Group Audit is increasingly relied upon by banking regulators to provide independent, consistent and objective assurance.

What we’ll offer you As part of our flexible scheme, here are just some of the benefits that you’ll enjoy, Best in class leave policy.

Gender neutral parental leaves

100% reimbursement under childcare assistance benefit (gender neutral)

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 Lead Global and Regulatory audits for CB and IB KYC Operations and deliver them within the stipulated time, in accordance with the audit plan and in accordance with the divisional quality standards.

Participate and support in the annual risk assessment and audit planning especially with a focus on local regulatory requirements. As part of this, you will support the PAM in driving the audit process, identifying and escalating audit issues and subsequent reporting while ensuring that divisional quality standards are adhered to.

Create an open and inclusive culture in your role, where the audit team members are encouraged to offer and challenge ideas and practices

Evaluate the adequacy and effectiveness of internal controls relating to CB and IB KYC Operations managed audits in accordance with Group Audit methodology and the established risk assessment framework.

Document process flows, identify risks, assess controls and perform audit testing within the audit application; track and validate closure of internal audit issues and regulatory observations within the application.

Complete all work assignments on a timely basis, including activity assigned on planned audits, ad hoc projects and special investigations.

Contribute to the continuous monitoring and SME framework, periodic update of auditable area risk assessments and contribute to the annual audit planning process as required.

Work on ad hoc projects including methodology enhancements and regulatory inquiries. Further work on an integrated basis with fellow team members both locally and globally.

Develop and maintain professional working relationships with colleagues, the business and other Infrastructure support areas as well as work in an integrated manner with fellow team members both locally and globally.

Develop and maintain KYC and AML knowledge and change in trends due to regulatory changes. Stay abreast of developments within the bank and its strategy, business/industry changes and their effect on the team’s audit plan, audit methodology and risk assessments.

Your skills and experience Bachelor’s Degree with relevant work experience, ideally in an internal or external audit role.  KYC, Anti Financial Crime (AFC), Banking & Finance experience is preferred.  An overall experience of 12+ years is required, ideally coupled with a professional certification (e.g., ACCA, CA, CIA, ACAMS, CFE, etc.). 

Good knowledge of key banking products and/or operations lifecycle (e.g. KYC, Reference Data services) is beneficial.

The ability to multi-task assignments and prioritize workloads with minimal supervision.

Excellent communication skills and fluent in English, both written and verbal with the ability to communicate effectively at all levels.

An ability and willingness to work in a high-pressure environment and deliver under tight deadlines and defined budgets to agreed targets.

Excellent project management and presentation skills combined with the ability to work in virtual and global teams

A firm commitment to maintaining the highest professional and ethical standards, driving integrated working practices.

Innovative mindset and ability to use AI, develop ideas which can be implemented with a positive impact for the Bank and Group Audit.

The ability to challenge and be challenged whilst maintaining the highest levels of professionalism

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.

About us and our teams Please visit our company website for further information: https://www.db.com/company/company.html

We strive for a culture in which we are empowered to excel together every day. This includes acting responsibly, thinking commercially, taking initiative and working collaboratively. Together we share and celebrate the successes of our people. Together we are Deutsche Bank Group.

We welcome applications from all people and promote a positive, fair and inclusive work environment.