At a Glance
- Tasks: Lead financial crime risk and compliance oversight for Corporate and Investment Banking.
- Company: Join Deutsche Bank, a global leader in financial services with a commitment to diversity and innovation.
- Benefits: Enjoy hybrid work options, generous vacation, health benefits, and educational resources.
- Other info: Competitive salary range of $450K to $650K based on experience.
- Why this job: Make a real impact in financial crime prevention while working in a supportive and inclusive culture.
- Qualifications: Strong communication skills and experience in risk management are essential.
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 reporting directly to CB/IB MB Board member. The FCR&C BCO unit has a 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
- 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
- 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 measurable
- Reinforcing a financial crime & compliance risk-oriented culture
- 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
- Support engagement with external stakeholders - including regulators and monitors representing CB and IB and coordinating business response
- Provide business-side leadership of the strategic Anti Financial Crime program, including consideration and adoption of new tools and technologies aiding preventative controls
- Oversight the Sensitive Client Framework
- 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
- Financial Crime Business Control Officers (dotted lines) - creating consistent risk appetite setting, control effectiveness and risk reporting across the IB and CB businesses
- Direct team including: Compliance & Regulatory; FCR & C Strategy, Risk, & Governance; and Policy & Framework functions
- 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
- 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 (e) information is produced and used to appropriately manage the risk.
- 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 statements
- Identify where our residual risks exceed our appetite, and in these scenarios, proactively engage with the business and Control functions to take mitigating actions
- Providing oversight and coordination of financial crime and compliance related regulatory obligations owned by CB and IB
- Providing oversight of and leadership to the CB and IB contribution to Financial Crime remediation programs, including:
- KYC transformation
- Transaction monitoring remediation
- Fraud, Bribery & Corruption remediation programs
- 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
- Excellent verbal and written communication skills with the ability to synthesize complex problems into concise conclusions
- 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
- A team first mindset approach to problem solving
- A drive and ability to reach stretch goals and achieve beyond what is expected
- 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 remuneration.
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.
We are an Equal Opportunity Employer - Veterans/Disabled and other protected categories.
Head of Financial Crime Risk & Compliance Business Control and Oversight CB & IB - Managing Director in London employer: Deutsche Bank
Deutsche Bank is an exceptional employer, offering a diverse and inclusive environment that fosters innovation and collaboration. With a hybrid working model, generous benefits, and a strong commitment to employee growth through educational resources and community engagement, employees can thrive both personally and professionally in the vibrant city of New York. The company's focus on a supportive culture and its dedication to social responsibility make it an attractive place for those seeking meaningful and rewarding careers.
StudySmarter Expert Advice🤫
We think this is how you could land Head of Financial Crime Risk & Compliance Business Control and Oversight CB & IB - Managing Director in London
✨Tip Number 1
Network with professionals in the financial crime risk and compliance sector. Attend industry conferences, webinars, or local meetups to connect with potential colleagues and leaders in the field. This can help you gain insights into the role and make valuable connections that could support your application.
✨Tip Number 2
Stay updated on the latest trends and regulations in financial crime and compliance. Follow relevant news sources, subscribe to industry publications, and engage in online forums. Demonstrating your knowledge of current issues during interviews can set you apart from other candidates.
✨Tip Number 3
Prepare for the interview by developing a clear understanding of Deutsche Bank's values and culture. Familiarise yourself with their approach to diversity and inclusion, as well as their commitment to social responsibility. Tailoring your responses to align with these values can show that you're a great fit for the team.
✨Tip Number 4
Consider reaching out to current or former employees of Deutsche Bank through platforms like LinkedIn. Ask them about their experiences and any advice they might have for someone applying for the Head of Financial Crime Risk & Compliance position. This insider perspective can provide you with valuable information to enhance your application.
We think you need these skills to ace Head of Financial Crime Risk & Compliance Business Control and Oversight CB & IB - Managing Director in London
Some tips for your application 🫡
Tailor Your CV:Make sure your CV highlights relevant experience in financial crime risk and compliance. Use specific examples that demonstrate your leadership skills and ability to manage complex regulatory environments.
Craft a Compelling Cover Letter:In your cover letter, express your passion for financial crime compliance and how your background aligns with the responsibilities of the role. Mention your understanding of Deutsche Bank's values and how you can contribute to their mission.
Highlight Key Skills:Emphasise your excellent communication skills and ability to synthesise complex problems. Provide examples of how you've inspired and motivated teams in previous roles, as this is crucial for the position.
Showcase Your Understanding of Regulations:Demonstrate your knowledge of financial crime regulations and compliance frameworks. Discuss any relevant certifications or training you've completed that would be beneficial for the role.
How to prepare for a job interview at Deutsche Bank
✨Understand the Financial Crime Landscape
Before your interview, make sure you have a solid grasp of the current financial crime risks and compliance challenges facing the banking sector. Familiarise yourself with recent regulatory changes and how they impact Deutsche Bank's operations.
✨Demonstrate Leadership Skills
As a Managing Director, showcasing your leadership abilities is crucial. Prepare examples of how you've successfully led teams in high-pressure situations, particularly in risk management or compliance contexts, to illustrate your capability to inspire and motivate others.
✨Prepare for Scenario-Based Questions
Expect scenario-based questions that assess your problem-solving skills in real-world situations. Think about past experiences where you identified risks, implemented controls, or engaged with regulators, and be ready to discuss these in detail.
✨Showcase Your Communication Skills
Effective communication is key in this role. Be prepared to discuss how you can convey complex compliance issues clearly to various stakeholders, including regulators and internal teams. Practice articulating your thoughts concisely and confidently.
