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Valuations Audit Specialist - Assistant Vice President
Deutsche Bank - US
June 4, 2018
Manhattan, New York
About Deutsche Bank
We are Germany's leading bank with strong positions in Europe and significant presence in the Americas and Asia Pacific. We're driving growth through our strong client franchise, investing heavily in digital technologies, prioritizing long-term success over short-term gains, and serving society with ambition and integrity. We serve our clients' real economic needs in commercial and investment banking, retail banking and transaction banking, and provide ground-breaking products and services in asset and wealth management. That means a career packed with opportunities to grow and the chance to shape the future of our clients.
Group Audit Overview:
Group Audit (GA), through a risk based program of audit coverage, provides consistent and objective assurance on the adequacy of the design and the effectiveness and efficiency of the systems of internal control in mitigating significant risk exposures, including fraud risk, and in improving the effectiveness and efficiency of risk management, governance processes and systems in a holistic and forward looking manner.
We are a team of approximately 800 staff globally, with the majority centered in hubs in Frankfurt, New York, London and Singapore. Our global connectivity provides a stimulating environment and the opportunity to collaborate, network and share knowledge with intelligent colleagues and specialists around the world. Ours is a culture of true diversity, dedication, opportunity and empowerment and there are genuine opportunities for development and advancement.
Our vision is to be a strategic challenger to senior management. We believe in the partnership model, focused on evolving our role as an independent, fair and fully effective function. We adhere to "The Three Lines of Defense" program, designed to strengthen our internal controls framework across the whole bank, while managing increasing regulatory expectations. It forms a central part of our commitment for cultural change. GA is the third line of defense assuring the effectiveness of our controls.
The Finance team within GA conducts audit work across all areas of the Bank's Finance function, working closely with other business aligned (e.g. Markets, Global Transaction Banking) and specialist audit teams (e.g. Risk, Technology) to provide "joined up" assurance.
As a member of the Americas Finance audit team, you will primarily be exposed to specialist finance functions such as the Global Valuations Group, as well as the Business aligned Product Control teams ("Business Finance").
Executing day-to-day operational audit work and contributing to the delivery of audits:
Planning of audits e.g. documenting activity flows of the processes to be reviewed, identifying risks and the key controls in place to mitigate the identified risks and attending meetings with internal stakeholders as and when required
Executing audit fieldwork in line with the agreed audit approach e.g. testing of key controls to determine whether they are properly designed and are operating effectively and documenting work in accordance with GA methodology
Participating in exit meetings, drafting high quality audit reports for review by audit management
Facilitating issue tracking and validating the closure of pre-existing issues
Performing risk assessments of the Finance function enabling the prioritization of audit delivery
Continuous monitoring of the control environment pertaining to the Global Valuations Group, and identification and assessment of emerging valuation themes and risks (such as CVA)
Proactively developing and maintaining professional working relationships with colleagues across Group Audit and the Finance function.
Partnering with other divisional / teams during audit engagement to guarantee an integrated approach
Skills & Qualifications:
Strong Financial instruments and valuation audit experience gained in investment banking and capital markets either at a financial institution or at a professional services firm
Individuals with previous relevant years of capital markets hands-on experience in valuation control, including one or more of the following activities: