About the Role
The Business Control Office is a Global front office function within Corporate Bank Divisional Control Office, supporting product, sales desks, and supervisors by creating a robust control framework as part of the first line of defence. The team identifies non-financial risks, defines mitigation processes, and develops, implements, and monitors Level 1 controls. This role heads the Trust & Securities Services (TSS) Business Control office Desk within the Corporate Bank Divisional Control Office function and participates in Cross CB NFR projects.
Responsibilities
- Partner with 1Lod supervisors in managing non-financial risk for the TSS business and act as the primary contact on topics related to NFR, Regulatory & Audit Governance, Control governance, supervision and conduct.
- Monitor business and operational issues that result in regulatory, reputational, or monetary risk, report to senior management, and collaborate with the business and stakeholders to mitigate these issues.
- Monitor ongoing/upcoming Audits regionally and globally, understand scope from Auditors, update stakeholders, and attend regular Audit meetings.
- Support Regulatory reviews from preparation through to engagement.
- Monitor and partner with TSS Business Supervisors on the remediation of Audit and Regulatory observations, ensuring sustainable and timely remediation.
- Participate in Global/regional projects and initiatives related to regulatory developments and policies affecting markets.
- Identify gaps in risk remediation, emerging risks, and control gaps; escalate to Senior business heads and ensure proper remediation.
- Participate in/run NFR Governance meetings, validate existing risk topics, update progress status, and engage with relevant stakeholders to ensure factual projection of suitable risk rating and mitigation factors.
- Coordinate and manage key NFR metrics and assessment/delivery to relevant stakeholders, managing information needs of senior management and external stakeholders for data-driven decision making.
- Play a proactive role in further developing DCO sharing and developing best practices on business process re-engineering and multi-initiative management.
- Develop professional working relationships with colleagues, the business, and respective supporting teams.
Requirements
- Extensive experience in non-financial risk management domain, preferably within Corporate Bank.
- Strong background/knowledge of the Trust & Securities Services business.
Skills
- Strong leadership and management abilities to lead front-to-back risk remediations / regulatory programs and to engage with senior stakeholders.
- Excellent analytical capabilities and conceptual thinking with aptitude in decision-making and problem solving.
- Highly motivated to drive change, self-reliant and structured way of working with high willingness to take responsibility, and ability to deliver highest level of quality under time pressure.
- Ability to detect and trouble-shoot issues with a high attention to detail.
- Strong team player, collaborator and ability to work in virtual global teams and within a matrix organization.
- Excellent communication and presentation skills.
Location
- New York, NY
Work Type
- Hybrid
Experience Level
- Director
Salary/Compensations
- $170,000 - $308,000
Benefits
- 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.
- Access to physical, emotional, and financial wellness benefits that allow our colleagues to stay financially secure and strike balance between work and home.
About the Company
- Deutsche Bank provides reasonable accommodations to candidates and employees with a substantiated need based on disability and/or religion.
- 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.
Equal Opportunity
- 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.
