SOx Divisional Risk and Control Analyst, AVP

• Job Title: SOx Divisional Risk and Control Analyst

Corporate Title: AVP

Location: Pune, India

Role Description

The Divisional Regulatory, Risk and Control Analyst provides data analysis, identifies and evaluates potential areas of non-compliance or risk, assessing impact, probability and defined risk tolerance and presents findings and proposals for risk mitigation measures. The Divisional Regulatory, Risk and Control Analyst is responsible for supporting the delivery of the risk and control initiatives. This includes participation in risk and control activities, risk based control reporting of key issues, performance and validation of cyclical activities such as annual control self assessments. It also includes control testing, incident research, remediation and other ad hoc control initiatives and projects. Working closely with teams in and out of the division to understand risks impacting the group.

• The role is responsible for supporting Operations with first line operational risk management across Corporate Bank and Investment Bank (CB IB) Operations.
• The role will require to execute day-to-day operational risk & control assessments and testing work related to SOx and contributes to the delivery of the risk assessment reviews.
• Independent in judgment and with unquestionable personal integrity and ethic. Able to challenge and be challenged whilst maintaining the highest levels of professionalism.
• The role is key in the delivery of the control testing plan, supporting Operational Risk Management (ORM) Risk & Control Assessment framework transformation and implementation across CB IB Operations.
• This is a high visibility role to senior stakeholders requiring ability to learn complex concepts quickly, build strong relationships, working collaboratively with business teams globally.
• As part of a small team the role is an excellent opportunity to learn about a diverse range of Operational processes and understand Risk Management across CB IB Operations and KYC.

Justification

• Critical Role for the Divisional Control Office (DCO) of CB IB Operations & Controls Division, which covers activities relating to compliance with and successful implementation of the Accounting & Financial Reporting Risk Management Policy. SOx DCO facilitates CB IB Operations & Controls year-end SOx Attestation over the design and operating effectiveness of controls through self-assessment and quality assurance activities. The framework supports the Senior Officers personal attestation over the Financial Statements and submission of 20-F to the SEC to be SOx compliant on an annual basis to support the annual CEO and CFO SOx certification.

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

• Facilitate an independent risk and control framework, challenge Financial Reporting control weakness and provide transparent risk based assessments.
• Conduct SOx testing of controls and contribute to the delivery of risk assessment reviews in line with Accounting & Financial Reporting Risk Management Policy and Deutsche Bank ORM Risk & Control Assessment framework. Apply professional judgement when considering areas of focus which could identify any potential for material misstatement of DB’s financial reporting or issues that could have a material impact to financial reporting.
• Coordinate Operations periodical certification over design and operating effectiveness of SOx controls, and deliver SOx compliance updates and training to Operations annually.
• Advise and assist in mitigating risks that arise from financial reporting weakness, errors and external event demands (Audit/Regulatory), in partnership with the business line.
• Candidate will work closely with the business stakeholders to ensure that control documentation is maintained, assertions performed and that findings related to Internal Controls Over Financial Reporting (ICOFR) are assessed and reported to the SOx Steering Committee.
• Develop strong relationships with process owners and act as a subject matter expert in the design and implementation of SOx Controls
• Assist in refining, implementing and maintaining the SOX Framework for Operations. Enhance the assessment process, including department standards, procedures, and testing approaches.
• Complete the SOX risk assessment and materiality assessment as well as the fraud risk assessment to ensure compliance with COSO standards and appropriate scoping and coverage of the SOX Framework.
• Assess controls in detail as part of SOx Testing, identify gaps in controls, recommend practical solutions and assist in implementing preventive & detective controls to have operational efficiencies.
• Ensure adequate reporting to local and global leaders during SOX testing cycles, timely highlight issues & escalate as and when necessary.
• Prepare quarterly reporting for Ops higher management, ensure adequate reporting to local and global leaders during SOX testing cycles, timely highlight issues & escalate as and when necessary.
• Identify measurable action plans, recommend and help Operations execute adequate process changes or controls to ensure effective closure of observations and deficiencies that impacts Financial reporting.
• Report the status of the SOx control environment to CB IB Operations & Controls senior SOx stakeholders.

Your skills and experience

• Experience in controls/operational risk function (minimum 5 years) / audit experience in the financial services industry preferable
• Very good knowledge of auditing standards and concepts. Understanding of risk management and control frameworks in a global banking control environment, with sound knowledge of banking activities, products, risk management techniques and regulatory requirements.
• Experience covering Non-Financial Risk topics good understanding of global banking control environment and compliance issues in the banking/finance industry.
• Preferably the candidate will have a good knowledge of the Committee Of Sponsoring Organizations (COSO), Internal Control Over Financial Reporting (ICOFR), and SOx strategy and Framework.
• Excellent written/verbal communication skills, communicating with clarity, both orally and in writing, in a logical order and structured approach. Fluent in English (written and verbal).
• CA/MBA (or equivalent) or higher from an accredited college or university preferable

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.