Description
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Job Title: Head of Financial Crime Risk & Compliance Business Control and Oversight CB & IB
Corporate Title: Managing Director
Location: New York, NY
Overview
The CB/IB Financial Crime Risk and Compliance Business Control Oversight (FCR&C BCO) unit sits within Deutsche Bank’s CB IB Operations and Controls with the FCR&C BCO Head of reporting directly to CB/IB MB Board member. The FCR&C BCO unit has mandate to provide a CB/IB Center of Excellence for strengthening 1st Line of Defense (LOD) FCR&C risk ownership through expert frameworks, controls, assurance, training, culture, and consequence management with subject matter experts (SME) skills and working collaboratively with 2/3 LOD colleagues.
What We Offer You
1. A diverse and inclusive environment that embraces change, innovation, and collaboration
2. A hybrid working model, allowing for in-office / work from home flexibility, generous vacation, personal and volunteer days
3. Employee Resource Groups support an inclusive workplace for everyone and promote community engagement
4. Competitive compensation packages including health and wellbeing benefits, retirement savings plans, parental leave, and family building benefits
5. Educational resources, matching gift, and volunteer programs
What You’ll Do
6. Identify and assess Financial Crime & Compliance risks in the Corporate Bank (CB) and the Investment Bank (IB), including:Oversight holistic risk appetite framework that is actionable by the businesses and measurableReinforcing a financial crime & compliance risk-oriented culture
7. Ensure key 1st line of defense controls and procedures to satisfy financial crime and compliance related legal and regulatory requirements are appropriately designed, implemented and where necessary, remediated
8. Support engagement with external stakeholders – including regulators and monitors representing CB and IB and coordinating business response
9. Provide business-side leadership of the strategic Anti Financial Crime program, including consideration and adoption of new tools and technologies aiding preventative controls
10. Oversight the Sensitive Client Framework
11. Lead CB/IB Financial Crime Risk Culture & Training program and facilitate collaboration and partnership between CB and IB businesses, AFC, Compliance and Technology, data and Innovation, to ensure end-to-end controls are well designed and effective
How You’ll Lead
12. Financial Crime Business Control Officers (dotted lines) – creating consistent risk appetite setting, control effectiveness and risk reporting across the IB and CB businesses
13. Direct team including: Compliance & Regulatory; FCR & C Strategy, Risk, & Governance; and Policy & Framework functions
14. Oversight of the Client Trading Oversight Council; working in close partnership with Anti Financial Crime as well as Technology, Data and Innovation teams to drive execution within CB and IB; also, coordinating closely to the Front-2-Back Architecture Team within CB / IB to ensure strong alignment of solutions and avoidance of duplicative efforts
Skills You’ll Need
15. Ensuring that (a) laws and regulations are well understood by the business, (b) policies and risk appetites are created, (c) a complete and accurate controls inventory is created, (d) dynamic risk assessments are performed, and (d) information is produced and used to appropriately manage the risk.
16. Managing a holistic Risk Appetite framework with granular Risk Appetite statements that are relevant and actionable for CB and IB, with appropriate metrics established to:Measure actual activity against the statementsIdentify where our residual risks exceed our appetite, and in these scenarios, proactively engage with the business and Control functions to take mitigating actions
17. Providing oversight and coordination of financial crime and compliance related regulatory obligations owned by CB and IB
18. Providing oversight of and leadership to the CB and IB contribution to Financial Crime remediation programs, including:KYC transformationTransaction monitoring remediationFraud, Bribery & Corruption remediation programs
19. Taking single-point responsibility for the CB and IB engagement with regulators, monitors and skilled person for Financial Crime related matters; providing leadership of Client Risk Program and ownership of the Sensitive Clients Framework
Skills That Will Help You Excel
20. Excellent verbal and written communication skills with the ability to synthesize complex problems into concise conclusions
21. Ability to inspire, engage and motivate others throughout the organization and act as a role model for others with regards to commitment to the core values and social responsibility of Deutsche Bank
22. A team first mindset approach to problem solving
23. A drive and ability to reach stretch goals and achieve beyond what is expected
24. Ability to embrace and capitalize upon workplace diversity
Expectations
It is the Bank’s expectation that employees hired into this role will work in the New York 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 $450K to $650K. 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.
Deutsche Bank Values & Diversity
We believe talent is found in all cultures, countries, races, ethnicities, genders, sexual orientations, disabilities, beliefs, generations, backgrounds, and experiences. We pursue a working environment where everyone can be authentic and feel a sense of belonging. Click to find out more about our diversity and inclusion efforts.
We are an Equal Opportunity Employer - Veterans/Disabled and other protected categories.
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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 to learn more!
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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.