Control Oversight - Vice President/Director
Job Description:
Job Title: Control Oversight
Corporate Title: Vice President - Director
Location: New York, NY
ALL ROLES TO BE CONSIDERED
Overview
The Market Conduct Office (MCO) is an opportunity to embed market conduct in business decisions, and to improve the efficiency, sustainability and transparency of Market Conduct controls management. Residing within the Front Office, reporting up into the Head of the IB, and will focus on providing governance and oversight for all of Deutsche Bank activities related to market conduct.
MCO will promote resiliency and sustainability of the Market Conduct control environment and mitigate risks by overseeing and supporting the Firm’s risk management, internal controls, governance, and culture relating to market conduct in order to foster trust and confidence in Deutsche Bank’s provision of financial services.
All activities needed to support the market conduct capabilities are currently being performed within Deutsche Bank. New MCO activities either complement existing processes or provide additional central oversight.
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
The Control Oversight role will be part of a senior member of the team, focusing on translating multiple sources of market conduct information (such as alerts raised, and control gaps identified) into tangible actions to ensure a strong controls culture is embedded into our Bank:
- Review findings management (identified through self-identified issues, audit, regulators, investigations) for market conduct impact and drive through to completion
- Conducting root cause analysis and read across of underlying issues to other businesses and divisions
- Review and approve control design prior to implementation of remediation
- Review the resolution of market conduct exceptions and alerts
- Work closely with the wider Marlet Conduct Office team to identify areas of risk (such as through alerts raised, control gaps, control effectiveness ratings), which will be used to inform the Bank on how to address these emerging risks, including input into assurance testing by 1LoD, 2LoD and 3LoD
- Develop a strong risk methodology and culture
How You’ll Lead
- Conduct horizon scanning and impact assessment: emerging risks, new regs, laws, industry standards
- Provide market conduct business advisory
- Identify escalations needed to senior management
Skills You’ll Need
- Comprehensive understanding of financial markets/products
- Demonstrable experience of working within financial services, with a preferable focus on global markets
Skills That Will Help You Excel
- Experience of communicating with senior business management in person, within a large forum, and through email
- Proven track record of design, delivery and oversight of future state controls
- Proven track record of successfully working within diverse, high performing teams and departments both locally and remotely
Expectations
It is the Bank’s expectation that employees hired into this role will work in the New York, NYoffice 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 $280.5K. 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!
Learn more about your life at Deutsche Bank through the eyes of our current employees: https://careers.db.com/life
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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.
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.