Principal Auditor/ Auditor – US Financial Risk (Credit) - Assistant Vice President

Job Description:

Job Title: Principal Auditor/ Auditor – US Financial Risk (Credit)

Corporate Title:  Assistant Vice President

Location: New York City

Overview

As a global function of approximately 850 team members, Group Audit (GA) is the bank's 'Third Line of  Defense' acting as an independent and forward-looking challenger and adviser to Senior Management. We are also strongly relied upon by local regulators. We closely partner and collaborate with all Group business and infrastructure areas.  A diverse and inclusive culture is at the core of our team dynamic, with strong corporate and ethical governance as a driving philosophy.

Group Audit US Financial Risk team provide audit coverage for Market, Model and Credit risk for the US. As part of the team, you will audit the credit risk management activities of the Corporate &  Investment Bank and International Private Bank across a range of products, business areas. Your work will cover credit risks, internal controls, as well as regulatory and market developments.

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

- The Principal Auditor/Auditor is responsible for working with the Principal Audit Manager on the team’s book of work. The core responsibilities of the role are: As a Subject Matter Expert for Credit Risk, independently assess the identification, measurement, monitoring, and management of credit risk across business lines and products.
- Evaluate the design and operating effectiveness of internal controls by conducting walkthroughs, identifying key risks and controls, developing test plans, executing testing, and documenting conclusions and documenting your audit results in accordance with defined timelines and quality standards.
- Collaborate with audit teams, Risk Management, and other control functions to ensure coordinated and effective audit coverage.
- Communicate audit findings, risk insights, and actionable recommendations clearly to management and relevant stakeholders.
- Act as a trusted partner to the audited areas by supporting the development of remediation measures and monitoring their implementation through to completion.
- Proactively monitor industry-specific and regulatory developments and build and maintain a professional network with stakeholders and colleagues within Group Audit

Skills You’ll Need

- Bachelor's degree in relevant discipline or other relevant qualification
- Strong knowledge of credit risk management and associated regulatory requirements
- Experience assessing control design and supporting evaluation of control effectiveness related to credit risk management
- Proven ability to leverage AI tools to enhance productivity, optimize workflows to solve business problems, while applying critical judgment to ensure responsible and ethical use of data and AI outputs

Skills That Will Help You Excel

- Strong organizational skills with ability to manage competing priorities and deadlines
- Excellent verbal and written communication skills, with the ability to articulate complex issues/data simply and clearly.
- Strong analytical skills with a solution-oriented and client-focused approach
- Professional experience in Credit Risk Management as second line of defense

Expectations

It is the Bank’s expectation that employees hired into this role will work in the New York City 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 $153,000.  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 remuneration.

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 authenti­cally 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!

Learn more about your life at Deutsche Bank through the eyes of our current employees:  https://careers.db.com/life

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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.

Together we share and celebrate the successes of our people. Together we are Deutsche Bank Group.

We welcome applications from all people and promote a positive, fair and inclusive work environment.

Qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, protected veteran status or other characteristics protected by law. Click these links to view  Deutsche Bank’s Equal Opportunity Policy Statement  and the following notices:  EEOC Know Your Rights ;  Employee Rights and Responsibilities under the Family and Medical Leave Act ; and  Employee Polygraph Protection Act .