DBMN - Senior Principal Auditor – Credit/Model Risk, VP

Position Overview

Job Title:  Senior Principal Auditor – Risk Management

Corporate Title: Vice President

Location: Manila (Hybrid)

Overview

Group Audit (GA) is Deutsche Bank’s independent Third Line of Defence, providing objective assurance and forward‑looking insight to senior management and regulators. Working across businesses and infrastructure functions, GA plays a critical role in strengthening the bank’s risk and control environment. We foster a collaborative, inclusive culture and support our people with structured development and career progression.

We are seeking a Senior Principal Auditor to join our Risk Management coverage within Group Audit’s Finding Validation Centre. This is a senior SME role with leadership responsibility, suited to an experienced risk management professional who can lead complex audits, coach auditors, and engage confidently with senior stakeholders. The role reports directly to the Principal Audit Manager (PAM).

What We Offer You:

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.

You can expect:

• Competitive compensation and benefits
• Hybrid working model
• Strong focus on learning, development, and career progression
• Inclusive culture with high professional standards

Key Responsibilities:

Leadership & Delivery

• Lead and coordinate multiple, complex review/audit of finding remediations within Risk Management (with a primary focus on Credit Risk and/or Model Risk), ensuring high‑quality outcomes delivered on time and with strong professional judgment.
• Provide day‑to‑day leadership to auditors assigned to your engagements, setting clear direction, reviewing work, and role‑modelling best practice.

Risk & Control Assessment

• Assess the effectiveness of risk management practices and controls (with a primary focus on Credit Risk and/or Model Risk) and articulate clear, balanced conclusions.
• Challenge the adequacy of remediation actions through structured review, testing, and professional scepticism.

Stakeholder Engagement

• Act as a primary point of contact for senior stakeholders (up to Managing Director level), communicating progress, key issues, and outcomes clearly and constructively.
• Manage disagreements and escalations professionally, maintaining independence while building trusted working relationships.

Planning & Coordination

• Support audit planning activities by helping to scope work, prioritise effort based on risk, and coordinate with other audit teams to ensure joined‑up coverage.
• Monitor delivery across assigned workstreams and proactively flag risks to timelines or quality.

Coaching & Knowledge Sharing

• Coach and develop auditors through feedback, on‑the‑job guidance, and knowledge sharing, contributing to capability building across the team.
• Keep abreast of regulatory and industry developments and share insights to strengthen audit quality and risk awareness.

Skills and Experience:

• 10+ years of meaningful experience in Credit Risk and/or Model Risk within financial services, with a strong understanding of risk governance and control frameworks.
• Proven track record leading complex, time‑sensitive reviews or projects, ideally within audit, risk management, or a comparable assurance environment.
• Strong stakeholder management skills, with the confidence to engage, challenge, and influence senior management.
• Excellent analytical, written, and verbal communication skills, with the ability to distil complex issues into clear messages.
• Degree in a relevant discipline (e.g., Finance, Economics, Accounting, Mathematics). Professional certifications (e.g., FRM, CFA, CPA, CIA) are an advantage.

How we’ll support you

• Training and development to help you excel in your career
• Coaching and support from experts in GA
• A culture of continuous learning to aid progression

About us and our teams

Deutsche Bank is the leading German bank with strong European roots and a global network. Click here to see what we do.

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 our diversity and inclusion policy and initiatives

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.