Position Overview
Business Control Office (BCO) Corporate Coverage / Risk Management SolutionsLocation: LondonCorporate Title: Vice President/Director
At the heart of Deutsche Bank’s client franchise is the Corporate Bank, a market leader in cash & liquidity management, trade finance & lending, project finance, trust & securities services, and risk management.
The Business Control Office (BCO) is a front office function reporting to the Divisional Control Officer (DCO) in Corporate Bank with the primary objective to advise the front office (Sales, Coverage and/or Trading desks) and its Management by maintaining a robust Non-Financial Risk (NFR) Governance and Framework as part of the first line of defense.
BCO’s mandate entails identifying NFR risks such as regulatory, conduct and systemic risks, defining mitigation processes, and developing, implementing and monitoring Level 1 controls where required. In addition to working closely with the Product, Sales and Coverage desks, your reach and interaction will be broad, including engagement within Corporate Bank (CB), the Investment Bank (IB), DCO’s across divisions and functions forming the 2nd Line of defense within the 3 Lines of Defense (3LoD) program.
You will be in the Corporate Bank Divisional Control Office supporting the Sales and Coverage business.
What We’ll Offer You
- Hybrid Working – eligible employees can work remotely part of the time.
- Competitive salary and non-contributory pension.
- 30 days holiday plus bank holidays, with option to purchase additional days.
- Life Assurance and Private Healthcare for you and your family.
- Flexible benefits including Retail Discounts, a Bike4Work scheme and Gym benefits.
- Opportunity to support a wide ranging CSR programme and 2 days volunteering leave per year.
Your Key Responsibilities
- Identify non-financial risks (regulatory, conduct, and systemic) for Front Office and define control requirements.
- Develop, implement, and monitor level 1 controls and manage findings.
- Support conducting risk assessments.
- Create metrics and reports to ensure monitoring, management and transparency of non-financial risks.
- Monitor risk remediation/implementation on key issues and manage Corporate Bank’s Trading Governance.
- Ongoing monitoring and creation of management reporting and escalation process to senior management; coordinate with DCO, Chief Operating Office (COO), 2nd Line of Defence (LoD) and 3LoD; contribute to control improvement program and analyse control spend efficiency.
Your Skills And Experience
- NFR relevant experience in a front office role in IB or CB or relevant Compliance, Control, Legal, Middle Office or Audit function.
- Experience with FIC products (e.g., Foreign Exchange, Rates, and/or Global Emerging Markets) through previous work experience.
- Project management experience within an Investment Bank.
- Degree level education or equivalent qualification/work experience with finance/economic background.
- Ability to formulate and present information clearly and compellingly.
- Strong communication skills to synthesize technical content to senior level management.
- Demonstrated influencing, negotiation and analytical skills.
How We’ll Support You
- Training and development to help you excel in your career.
- Flexible working to assist you balance your personal priorities.
- We value diversity and, as an equal opportunities employer, make reasonable adjustments for those with a disability (e.g., assistive equipment). If you have a disability, health condition, or require adjustments during the application process, we encourage you to contact our Adjustments Concierge on adjustmentsconcierge@db.com.
We welcome applications from all people and promote a positive, fair and inclusive work environment.
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