Group Audit \u2013 Principal Auditor, Non-Financial Risk Management \u2013 Vice President

  • Competitive
  • Singapore
  • Permanent, Full time
  • Deutsche Bank APAC
  • 22 Nov 17 2017-11-22

Group Audit \u2013 Principal Auditor, Non-Financial Risk Management \u2013 Vice President

Group Audit

The Group Audit (GA) function has over 700 staff located in our four hub locations New York, London, Frankfurt, Singapore and 26 other countries.
The hallmarks of our professional, business focused, proactive risk-based work are transparency, integrity and independence. We assist the bank's businesses and infrastructure functions to identify control weaknesses.

Being Deutsche Bank's ‘third line of defence' we have a high profile in the bank acting as an independent and forward looking challenger and adviser to Senior Management on issues and occurrences and are increasingly consulted for advice by the regulators.
Our global connectivity provides a stimulating environment and the opportunity to collaborate with knowledgeable colleagues and specialists around the world.

Position Overview


Group Audit (GA) has a high profile in today's fast-changing banking environment. Focused on identifying potential risk exposure, we offer vital insights into the adequacy of the design and the operating effectiveness of systems of internal control. Both management and, increasingly, banking regulators, value our independent, consistent and objective assurance.

We're a global function with people operating from locations all over the world. Our structure mirrors that of the bank itself, allowing effective audit of the specific risks facing individual businesses and functions. We also work centrally to assess changes in the business and regulatory landscape and make sure that emerging risks are reflected in our coverage, methodology and training.

Deutsche Bank presents the opportunity to work with industry-leading audit methodology and a state-of-the-art in-house audit system. At all levels, there is an emphasis on innovation, continuous learning and the sharing of knowledge and ideas.

With support from the Risk Principal Audit Manager (PAM), the Risk Principal Auditor is responsible for developing and executing to the highest industry standards a risk-based audit plan focusing primarily on the Non-Financial Risk Management function (NFRM) regionally, in line with GA's global audit methodology.

Key responsibilities:

  • Risk identification and assessment: Providing subject matter expertise to identify and assess risks in the NFRM area, providing key input into quarterly analysis to GA management and the product-aligned teams to inform them on evolution of key related risk developments and conducting periodic reviews on the assessment of these risks in the GA Risk Assessment framework. This requires strong ongoing business monitoring with key Risk stakeholders as well as keeping abreast of pertinent industry, regulatory and business practices including through industry networks.
  • Audit plan execution: Contributing to the delivery of Risk-led reviews in this area and supporting oversight of adequate coverage of key risks under responsibility. Ability to execute audit testing independently, while working on a number of assignments at the same time. Strong understanding of the different phases of the audit life-cycle, including audit planning, fieldwork and reporting.
  • Audit coverage design: Constantly reinforce the design of the coverage approach for NFRM regionally and globally including clarity of minimum testing to be conducted in Risk-led and business-led reviews. Strong coordination with Business-aligned teams as well as regional PAMs and their Principal Auditors is required to drive a comprehensive coverage of key risks in the audit plan for areas under responsibility. He/ She is also responsible for recommending plan adjustments based on identification of emerging risks through ongoing risk monitoring.
  • Global Subject Mater Expert (SME) team interaction: Contribute to the development of a highly-performing global Risk SME team through delivery on own objectives aligned with team delivery objectives and strong communication with, and contribution to the aligned global SME team.
  • Stakeholder relationship management: Acting as GA's relationship manager and primary point of contact for regional NFRM stakeholders, maintaining excellent and value-add working relationships with management, regulators and external auditors.

Key skills
  • Minimal 9 years' experience in the investment banking arena, either in a financial institution or a professional practice environment, with a key focus on operational risk management.
  • Preference for candidates with experience in Risk SME audit teams.
  • Good understanding of non-financial risk/ operational risk management topics in a global banking environment, with a sound knowledge of banking activities, including investment banking and transaction banking products, risk management techniques and regulatory requirements. Knowledge of the concepts of ICAAP, EC, RWA, Basel III are preferred.
  • Strong operational and people skills, including the ability to work well in a diverse team with a strong teamwork focus. A potential to develop leadership skills and motivate teams through demonstrable commitment to Group Audit and DB's success is a plus.
  • Excellent partnership skills and stakeholder management. The ability to successfully navigate a complex organisation, build strong relationships and work collaboratively with management teams and with other control functions.
  • Excellent analytical and communication skills, oral and written, together with presentation and interactive skills. Ability to convey complex concepts and ideas on issues requiring interpretation and opinion. Able to represent GA's viewpoint in regional forums and settings.
  • Professional credentials including degree-level education and a relevant Risk or Accounting professional qualification. Post-academic qualifications including CFA or FRM will be an asset.
  • Unquestionable personal integrity and ethics. Independent in judgment, strongly self-motivated, with the ability to challenge and be challenged whilst maintaining the highest levels of professionalism.

Deutsche Bank offers a challenging and rewarding career where your contribution is valued and rewarded. We have an inclusive and friendly working environment coupled with excellent facilities and benefits.

Deutsche Bank is an equal opportunity employer who seeks to recruit and appoint the best available person for a job regardless of marital status, sex (including pregnancy), age, religion, belief, race, nationality and ethnic or national origin, colour, sexual orientation or disability.