Business Control Office (BCO) Corporate Coverage - Corporate Bank Central (CBC) - Vice President

Deutsche Bank
parental leave, remote work
United States, New York, New York
60 Wall Street (Show on map)
Dec 21, 2024
Job Description: Job Title Business Control Office (BCO) Corporate Coverage - Corporate Bank Central (CBC) Corporate Title Vice President Location New York, NY Overview The Business Control Office is a front office function reporting to the Global Divisional Control Officer (DCO) with the primary objective to support the front office product, coverage and sales desks and its supervisors by creating a robust control framework as part of the first line of defense. The team's mandate is to identify non-financial risks such as regulatory, conduct and systemic risks, define mitigation processes for those risks, as well as to develop, implement and monitor Level 1 controls. In addition to working closely with the product, coverage and sales desks, the group's reach and interaction will be broad, including engagement within Corporate Bank (CB), with the Investment Bank (IB), DCO and those functions forming the 2nd Line of defense (2LoD) within the 3 Lines of Defense (3LoD) program. You will be in the Corporate Bank Divisional Control Office function supporting the Sales & Coverage business of Corporate Bank. 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 Identifying non-financial risks (regulatory, conduct and systemic) for Front Office and defining control requirements thereof Developing, implementing, executing and/or monitoring level 1 controls Supporting conducting risk assessments Creating metrics and reports to ensure appropriate monitoring, management, and transparency of non-financial risks Co-ordination of relevant issues within Chief Operating Office, DCO, 2LoD and 3LoD How You'll Lead Advising the Business mitigating non-financial risks on client, transactional and business strategy level Responsibility for monitoring the risk remediation/implementation on key issues Ongoing monitoring and creation of management reporting and escalation process to relevant senior management Skills You'll Need NFR Relevant experience in a front office role in IB or CB or relevant Compliance, Control, Legal, Middle Office or Audit function Relevant Fixed Income and currencies (e.g. Foreign Exchange, Rates and/or Credit) products experience through previous work experience Project management experience Skills That Will Help You Excel Educated to degree level or equivalent qualification/work experience with compliance/economic/finance and/or legal background Ability to formulate clearly and present information in a compelling manner Strong communication skills needed to synthesize technical content to senior level management Strong influencing, negotiations, and analytical skills Expectations It is the Bank's expectation that employees hired into this role will work in the New York, NY 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 $125K to $185K. 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! 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