Job Description:
Job Title Principal Auditor, US Financial Risk - Model Risk
Corporate Title Assistant Vice President
Location New York, NY
Overview
Group Audit (GA) is a professional, business focused, proactive risk-based global function that operates with transparency, integrity, and independence, and assists the Bank's business and infrastructure areas to identify key control weaknesses. As Principal Auditor - Model Risk Management (MoRM), you will report to the Principal Audit Manager (PAM) for US Financial Risks.
The models team covers all model risk across the Bank in the US. You will be responsible for the risk assessment, planning, execution and delivery of audits covering the MoRM function in collaboration with resources from other audit teams within the region and respective locations.
The successful professional will interact with MoRM staff and senior contacts and will be expected to work in partnership with Group Audit colleagues globally to execute audits to fulfil coverage requirements and cover the highest areas of risk.
What We Offer You
• A diverse and inclusive environment that embraces change, innovation, and collaboration
• A hybrid working model, allowing for in-office / work from home flexibility, generous vacation, personal and volunteer days
• Employee Resource Groups support an inclusive workplace for everyone and promote community engagement
• Competitive compensation packages including health and wellbeing benefits, retirement savings plans, parental leave, and family building benefits
• Educational resources, matching gift and volunteer programs What You'll Do
• Deliver assignments within the MoRM audits or participate in Integrated Business and MoRM audits both locally and globally
• Contribute to Risk Assessment Profiles / Business Monitoring and overall implementation of Group Audit Methodology
• Plans audits e.g. documenting activity flows of the processes to be reviewed, identifies risks and the key actual controls in place to mitigate the identified risks and attends meetings with internal stakeholders as and when required
• Evaluate the adequacy and effectiveness of internal controls relating to risks involved in the relevant business areas in accordance with Group Audit Methodology and the established risk assessment framework
• Proactively develop and maintain professional working relationships with colleagues, the Business and respective support areas and work in an integrated manner with fellow team members both locally and globally Skills You'll Need
• Master's degree in quantitative field or other relevant qualification
• Strong expertise in Model Risk Management with expertise in model development, model risk management, quantitative modelling, or analytics experience within banking risk management framework
• Advanced understanding of the Banking risk and control environment, and the regulatory environment related to model risk management (SR11-7)
• Advanced experience in the delivery of audit related assignments (ideally in complex financial services environments) and Commercial Banking or Investment Banking role (or respective Auditor role) or experience in a MoRM second line function Skills That Will Help You Excel
• Strong communication skills both oral and written, with the ability to communicate effectively at all levels within Group Audit and with stakeholders
• A willingness to accept responsibility, a high level of personal integrity and an eye for detail without losing the big picture
• Flexible, pro-active, self-sufficient with the ability and enthusiasm to work in a high-pressure environment and deliver under tight deadlines Expectations
It is the Bank's expectation that employees hired into this role will work in the New York, NY office in accordance with the Bank's hybrid working model.
Deutsche Bank provides reasonable accommodations to candidates and employees with a substantiated need based on disability and/or religion.
The salary range for this position in New York City is $100,000 to $142,250. Actual salaries may be based on a number of factors including, but not limited to, a candidate's skill set, experience, education, work location and other qualifications. Posted salary ranges do not include incentive compensation or any other type of renumeration.
Deutsche Bank Values & Diversity
We believe talent is found in all cultures, countries, races, ethnicities, genders, sexual orientations, disabilities, beliefs, generations, backgrounds and experiences. We pursue a working environment where everyone can be authentic and feel a sense of belonging. Click here to find out more about our diversity and inclusion efforts.
We are an Equal Opportunity Employer - Veterans/Disabled and other protected categories.
Learn more about your life at Deutsche Bank through the eyes of our current employees https://careers.db.com/life
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Deutsche Bank Benefits
At Deutsche Bank, we recognize that our benefit programs have a profound impact on our colleagues. That's why we are focused on providing benefits and perks that enable our colleagues to live authenti-cally and be their whole selves, at every stage of life. We provide access to physical, emotional, and financial wellness benefits that allow our colleagues to stay financially secure and strike balance between work and home. Click here to learn more!
Click these links to view the following notices: EEO is the Law poster and supplement ; Employee Rights and Responsibilities under the Family and Medical Leave Act ; Employee Polygraph Protection Act and Pay Transparency Nondiscrimination Provision
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Our values define the working environment we strive to create - diverse, supportive and welcoming of different views. We embrace a culture reflecting a variety of perspectives, insights and backgrounds to drive innovation. We build talented and diverse teams to drive business results and encourage our people to develop to their full potential. Talk to us about flexible work arrangements and other initiatives we offer.
We promote good working relationships and encourage high standards of conduct and work performance. We welcome applications from talented people from all cultures, countries, races, genders, sexual orientations, disabilities, beliefs and generations and are committed to providing a working environment free from harassment, discrimination and retaliation.
Visit Inside Deutsche Bank to discover more about the culture of Deutsche Bank including Diversity, Equity & Inclusion, Leadership, Learning, Future of Work and more besides.
We are an Equal Opportunity Employer - Veterans/Disabled and other protected categories. Click these links to view the following notices: EEO is the Law poster and supplement ; Employee Rights and Responsibilities under the Family and Medical Leave Act ; Employee Polygraph Protection Act and Pay Transparency Nondiscrimination Provision .
