Compliance Testing Officer

For over 150 years, our dedication to being the Global Hausbank for our clients has been driven by our people – in around 60 countries and across more than 150 nationalities.

Their deep understanding, insights, expertise, and passion help our clients navigate an increasingly complex world – be it in our Corporate Bank, our Private Bank, our Investment Bank or our Asset Management division.

Together we can make a great impact for our clients home and abroad, securing their lasting success and financial security.

Details of the role and how it fits into the team

Deutsche Bank (DB) is committed to the highest standards of control in Compliance.  Management and all employees are required to adhere to these standards to protect DB. Control Testing and Assurance (CT&A) team promotes and enforces compliance with the law and drives a culture of compliance and ethical conduct in the Bank.  

CT&A provides assurance to the Management Board, Global Head of Compliance and key stakeholders as to the adequacy of the design and/or operating effectiveness of the control framework to manage the Bank’s Compliance risks. CT team develops and executes an annual, risk-based testing plan that covers the risk categories owned by Compliance across all businesses in Spain including Private Bank, Corporate Bank and Investment Bank.

Where CT&A identifies issues, it advises on the appropriateness of remedial actions to improve the business and control environments to manage Compliance risks and tracks the closure of the remedial actions accordingly.

Responsibilities

• Assist the Team Lead with defining the annual Compliance Testing plan for all business divisions in Spain to ensure the right risks are covered and in line with the global methodology.
• Conduct testing to enable successful delivery of the annual plan to the deadlines agreed and the standards defined in the global framework.
• Document and communicate testing results using high quality reports.
• Agree issues and remediation actions with the business and track them to completion. Review and validate actions/issues closure.
• Support continuous enhancement of the testing programme by identifying improvements and implementing them, while ensuring the programme remains aligned to the global framework.
• Produce high quality management information (MI) on the reviews and the findings identified to enable read-across (e.g. with other countries or divisions).
• Establish and maintain effective communication channels and working relationships with relevant stakeholders in the business and other control functions.
• Liaise with the wider Business Line Compliance organization and other control functions (e.g. DCO, BCU, NFRM, Internal Audit, COO, Risk, etc.) to ensure a coordinated approach and effective resolution of issues.
• Represent Compliance Testing at relevant governance forums as appropriate.

Skills

• A university degree or other closely related professional qualification.
• Substantial experience gained from Compliance, Audit, Risk or other type of regulatory background within the financial services industry.
• Experience on assessing and/or testing the design and operating effectiveness of Compliance frameworks. Good understanding of Compliance risks and internal controls.
• Good understanding and application of relevant Compliance regulation and legislation and good knowledge of banking/financial markets business environment and products with focus on retail banking.
• Excellent analytical and writing skills, with a strong attention to detail and including the ability to describe complex issues clearly and succinctly in ways that are easily understandable by others.
• Strong communication and negotiation skills, both written and verbal, with an ability to communicate effectively across all three lines of defense and technical team members. An ability to align multiple stakeholders towards a common goal.
• Fluent in English and Spanish.
• Be structured and organized, demonstrating a high level of diligence and attention to detail – ability to ensure high quality and consistency in the deliverables produced.
• Be results orientated and able to work independently and accurately in a fast paced environment within tight deadlines while prioritizing workload with minimal supervision.
• Be proactive – will seek to find the right solution and options to issues within and outside their specific remit, without being prompted and within an appropriate matrix management framework.
• Be assertive, engaging, positive, collaborative and flexible.  

Well-being & Benefits

A healthy, engaged and well-supported workforce are better equipped to do their best work and, more importantly, enjoy their lives inside and outside the workplace. That’s why we are committed to providing an environment with your development and wellbeing at its center.

• Emotionally and mentally balanced: We support you in dealing with life crises, maintaining stability through illness, and maintaining good mental health. Benefit from initiatives such as counseling and support in difficult life situations and a culture where you can openly speak about mental health.
• Physically thriving: We support you managing your physical health by taking appropriate preventive measures and providing a workplace that helps you thrive. For example, discount in gyms, annual medical check up's, standing desks, ...
• Socially connected: We strongly believe in collaboration, inclusion and feeling connected to open up new perspectives and strengthen our self confidence and well being. Benefits vary from different types of paid and unpaid leave, hybrid model of remote working (for some positions)…
• Financially secure: We support you to meet personal financial goals during your active career and for the future. Benefit from meal allowance, pension contribution plans, banking services for employees, flex compensation program...

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.