Model Risk Principal Auditor - Assistant Vice President Model Risk Principal Auditor - Assistant Vice  …

Deutsche Bank
in New York, NY
Permanent, Full time
Be the first to apply
Deutsche Bank
in New York, NY
Permanent, Full time
Be the first to apply
Model Risk Principal Auditor - Assistant Vice President
Position Overview

Job Title: Model Risk Principal Auditor

Corporate Title: Assistant Vice President

Location: New York , NY


The US Risk team is part of the Global Risk team within Group Audit (GA), which covers all risk types. The role reports to the US Principal Audit Manager for Financial Risks, who reports directly to the Chief Auditor for Financial Risks globally. The models team covers all model risk across the Bank in the US. You will participate in audits of a specific business/function area in accordance with the audit methodology, and evaluate the adequacy and effectiveness of internal controls relating to risks within those business areas. You may occasionally lead or participate in ad hoc projects and special investigations.

What We Offer You:

  • We offer competitive health and wellness benefits, empowering you to value life in and out of the office

  • Retirement Savings Plans, Parental Leave, and other family-friendly programs

  • On-site cafeteria, health center, and an environment that encourages networking and collaboration across functions and businesses

  • Active engagement with the local community through Deutsche Bank's specialized employee groups

Hear from our people and look inside our office: DB@The Muse

Your Key Responsibilities:

  • Contributes to the delivery of audits and implements dynamic planning through continuous audit assessment of the business

  • 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

  • Collaborates with internal and external clients to evaluate, test, and report of the effectiveness of the risk management control in accordance with regulatory guidelines (Basel II/III, SR 11-7/ OCC11-12)

  • Reviews and provides expert opinions on action plans provided by clients, helping them develop robust remediation plans

  • Presents complex and sensitive messages (such as audit issues) comprehensively and professionally and reduces complex topics to simple statements and drafts high quality audit reports for review by audit

Your Skills and Experience:

  • Strong expertise in model risk management with expertise in model development, model risk management, quantitative modelling, or analytics experience within the risk management framework (audit risk experience is highly desired)

  • Strong understanding of risk management frameworks for the risks in global banking control environment, with a sound knowledge of banking activities, including capital market products, risk management techniques, and regulatory requirements

  • Strong understanding of model risk issues in a global banking control environment

  • Professional credentials including degree-level education and a relevant risk or accounting professional qualification

  • Professional/Industry recognized qualifications e.g. accountancy qualifications such as ACA and CPA; other industry qualifications such as FRM, PRM, CQF, CFA

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.

Click here to find out more about diversity and inclusion.

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.

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