Principal Audit Analyst

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

The Madrid based Vendor Coverage team of Group Audit (GA) undertakes professional audit work in accordance with the GA’s methodology to provide audit coverage of Deutsche Bank’s external vendor portfolio.

As such, it works in a cooperative manner with all other teams across the function as they all receive external vendor services and in particular with the Subject Matter Expert (SME) team responsible for the coverage related to Procurement, Third Party Management (TPM) and Third Party Risk Management (TPRM). The team members onsite work independently and flexible in the way they approach their work.

Responsibilities

• Support, through supervised audit activities, the evaluation of the adequacy and effectiveness of the diverse vendor control environments to meet key control requirements of the Bank.
• With oversight, undertake audit assignments, participate in drafting audit issues for review by senior auditors, assist in issue tracking and closure of issues.
• Pro-actively 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.
• Develop and maintain broad regulatory knowledge & experience specifically regarding outsourcing, which is a highly regulated area in various jurisdictions. Stay abreast of business/industry changes and their effect on the department’s audit plan, methodology and risk assessments.

Skills

• Bachelor’s degree in business administration, Finance, Computer Science or related discipline or other relevant qualification.
• Basic understanding of the banking risk and control environment, and the regulatory environment specific to the management of outsourcings.
• Some experience in the delivery of audit related assignments (ideally in complex financial services environments or respective Auditor role) as well as data management and/or analysis/review of processes.
• A willingness to accept responsibility, a high level of personal integrity and an eye for detail without losing the big picture.
• Strong English communication skills both oral and written, with the ability to communicate effectively at all levels within Group Audit and with internal and external stakeholders.

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 centre.

• 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.