Compliance Testing Officer

DWS Group
Posted Feb 05
Full Time
Chicago, Illinois

Position Overview

Employer: DWS Group

Title: Compliance Testing Officer

Location: Chicago, Illinois OR Jacksonville, Florida

Job Code:

About DWS:

Today, markets face a whole new set of pressures – but also a whole lot of opportunity too. Opportunity to innovate differently. Opportunity to invest responsibly. And opportunity to make change.

Join us at DWS, and you can be part of an industry-leading firm with a global presence. You can lead ambitious opportunities and shape the future of investing. You can support our clients, local communities, and the environment.

We’re looking for creative thinkers and innovators to join us as the world continues to transform. As whole markets change, one thing remains clear; our people always work together to capture the opportunities of tomorrow. That’s why we are ‘Investors for a new now’.

As investors on behalf of our clients, it is our role to find investment solutions. Ensuring the best possible foundation for our clients’ financial future. And in return, we’ll give you the support and platform to develop new skills, make an impact and work alongside some of the industry’s greatest thought leaders. This is your chance to achieve your goals and lead an extraordinary career.

This is your chance to invest in your future. Read more about DWS and who we are here.


DWS’s Anti-financial Crime (AFC) and Compliance Testing team, a part of the AFC and Compliance Department, conducts reviews to evaluate the firm’s compliance with applicable laws and regulations and to help ensure that control gaps are adequately escalated and mitigated through remedial actions.

Role Details

As an AFC and Compliance Officer, you will:

  • Conduct compliance reviews under the direction of the Americas Head of AFC and Compliance Testing in order to assess and review compliance with legal, regulatory and internal firm policy requirements applicable to DWS products and services in the Americas.
  • Develop testing modules and conduct testing across all DWS Americas business activities to evaluate adherence to regulatory requirements and compliance risks
  • Maintain solid working relationships with Business Line AFC and Compliance, Front Office, Operations, Group Audit, and other control groups throughout the region.
  • Participate in developing a review work plan based on the results of the annual compliance risk assessment, in consultation with the Americas Head of AFC and Compliance Testing, Regulatory Adherence and Business Line AFC and Compliance management. Ensure review work plan addresses regulatory priorities and that reviews are designed to meet applicable regulatory guidance.
  • Advise team members with respect to applicable regulatory requirements to ensure testing is adequately designed to identify potential control gaps and non-compliance with laws and regulations.
  • Identify AFC and Compliance risks inherent in a business or process and assess whether a control framework is in place to manage these risks or whether any existing control framework adequately manages the risks.
  • Determine the root cause of issues and develop effective remediation plans to mitigate the risks.
  • Escalate potential issues and exception items noted during the review process to senior management for discussion and further investigation if deemed necessary.
  • Prepare and distribute reports to senior management detailing review findings and recommendations. Periodically report on significant activities conducted and planned for the upcoming period.
  • Ensure that all findings and recommendations are entered into AFC and Compliance Testing’s Issue Tracker for tracking purposes and perform required follow-up of open issues to ensure proper resolution.
  • Meet with senior management in AFC and Compliance, the business and other control functions to provide overview of significant risks and control gaps.
  • Assist the team in drafting periodic reports to senior management and regulators, as well as in various other ad hoc projects.
  • Some travel may be required

We are looking for:

  • BA or BS Degree a must.
  • JD, MBA or Master’s Degree a plus.
  • Strong knowledge of regulations governing financial institutions including the rules and regulations of the FRB, FINRA, SEC, NFA, and CFTC.
  • Knowledge of asset management related products and services (e.g. broker dealer, investment advisory, fixed income and equities).
  • A background in compliance testing, audit or risk is a strong plus.
  • Strong business writing skills.
  • Some travel may be required.
  • Relevant experience with a financial services firm within Legal, AFC, Compliance, Operations or Audit and/or regulatory organization in a role that relates to financial services.
  • Ability to understand and interpret various laws, regulations, and policies.
  • A background in compliance testing or audit is strongly preferred.
  • Excellent interpersonal and communication skills with the ability to interact effectively with internal and external stakeholders, including regulators and senior management.
  • Strong analytical and investigative skills.
  • Strong problem solving skills including the ability to identify the root cause of issues.
  • Strong organizational and project management skills and attention to detail.
  • Ability to manage multiple compliance reviews and projects at the same time and meet timely deadlines.
  • Ability to apply knowledge of regulations to numerous types of activities and operational arrangements in addition to interpreting the effect of new regulations on these activities.

What we’ll offer you:

At DWS we’re serious about diversity, equity and creating an inclusive culture where colleagues can be themselves sand it’s important to us that you enjoy coming to work - feeling healthy, happy and rewarded. At DWS, you’ll have access to a range of benefits which you can choose from to create a personalized plan unique to your lifestyle. Whether you’re interested in healthcare, company perks, or are thinking about your retirement plan, there’s something for everyone.

The salary range for this position in Chicago is $78,000-$127,000 and Jacksonville is $66,000-$106,000. 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 renumeration.

Some of our core benefits:

  • Competitive Salary and Matched 401K Savings Plan
  • Generous Paid Time Away plus Bank Holidays
  • Physical and Mental Health Well-Being benefits including (but not limited to) Health & Life Insurance Plans and the support of trained Mental Health First Aiders
  • Family friendly benefits including generous parental leave packages (supporting all variations of family set-ups), to healthcare plans and travel insurance
  • The opportunity to support our CSR strategy which is focused on combatting climate change & achieving greater social justice. You can make donations to our partnered organizations or take part in corporate volunteering opportunities in your local communities by providing on hand support.

DWS’ Hybrid Working model is designed to find the right balance between in-person collaboration and engagement in the office, which is core to our working culture, and working from home. Each business group varies on the split between time spent in the office and at home, but this will be discussed and made clear as part of your application and interview process. We will continue to review and evolve our working environments and methods to ensure that we are working in the best way possible for our people.

If you require any adjustments or changes to be made to the interview process for any reason including, or related to a disability or long-term health condition, then please contact your recruiter and let them know what assistance you may need. Examples of adjustments include providing a change to the format of the interview, or providing assistance when at the DWS office. This will not affect your application and your recruitment team will discuss options with you.

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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.

Visit Inside Deutsche Bank to discover more about the culture of Deutsche Bank including Diversity, Equity & Inclusion, Leadership, Learning, Future of Work and more besides.

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 .