Afc Testing

**AFC Testing & QA - Switzerland**:
**Job ID**:R0311468**Full/Part-Time**:Full-time**Regular/Temporary**:Regular**Listed**:2024-01-22**Location**: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.
- 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 t