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Head of Product Perimeter Control Execution

Deutsche Bank

Deutsche Bank

Multiple locations
Posted on Saturday, June 22, 2024

Job Description:

Job Title: Head of Product Perimeter Control Execution

Location: London or Frankfurt

Corporate Title: Vice President

The Chief Risk Office function has Group-wide responsibility for the management and control of all credit, market, operational, enterprise and liquidity risks and has the responsibility of continual development of methods for risk measurement, frameworks and creating a bank wide strong risk culture.

Non-Financial Risk Management (NFRM) is a department within the Risk Division. As a Second Line of Defence function, NFRM is responsible for oversight across all aspects of non-financial risk (NFR), including risk identification and assessment, control framework, risk appetite and scenario analysis.

The role you will head up the Product Perimeter Controls Execution Office, within the newly formed Controls Execution Office, whose core mandate is to manage the product and non-vanilla transaction perimeters and lifecycles. You will have day-to-day responsibility for the oversight of the execution of controls around changes.

What we’ll offer you

A healthy, engaged and well-supported workforce are better equipped to do their best work and, more importantly, enjoy their lives inside and outside the workplace. That’s why we are committed to providing an environment with your development and wellbeing at its centre.

You can expect:

  • Hybrid Working - we understand that employee expectations and preferences are changing. We have implemented a Hybrid Working Model that enables eligible employees to work remotely for a part of their working time and reach a working pattern that works for them

  • Competitive salary and non-contributory pension

  • 30 days’ holiday plus bank holidays, with the option to purchase additional days

  • Life Assurance and Private Healthcare for you and your family

  • A range of flexible benefits including Retail Discounts, a Bike4Work scheme and Gym benefits

  • The opportunity to support a wide ranging CSR programme + 2 days’ volunteering leave per year

Your key responsibilities

  • The day-to-day management and escalation of issues within the risk management and approval processes for amendments to the product perimeter (API) and new complex transactions.

  • Managing the lifecycle of the API – breach investigation, conditions, dormancy, systematic product reviews.

  • Escalating breaches of, or failures of involved parties to adhere to, the prescribed requirements for changes to the product perimeter and/or new non-vanilla transactions to the Global Head of the New Business Office and across to product / regional management as appropriate.

  • Reporting relevant data to regional business management (e.g. Regional Management Board) and flagging key data points which are of particular relevance / interest to Business / Regional Management.

  • Supporting globally the design and implementation of the NBO Future State as required.

  • Responding to regulatory and audit requirements as required.

  • Working closely with colleagues in the New Business Office and Framework, Regulatory & Audit teams as required.

Your skills and experience

  • Extensive experience in business, finance, risk management, consulting, or similar role within financial services.

  • Comprehensive understanding of the transactions and financials products offered by a Tier 1 investment bank as well as the supporting infrastructure and controls.

  • Experience overseeing the execution of controls and an ability to identify opportunities for automation and streamlining.

  • Experience working with senior stakeholders within a high pressure dynamic environment and be willing to challenge as required.

  • Ability to proactively work across a diverse group of stakeholders within a complex organisation and to quickly develop strong working relationships with a broad range of functions

  • Be proactive and have the ability to manage competing priorities, and a willingness to take on new tasks as required within the team.

  • The individual will play a supporting role in a period of significant change for this function and therefore past experience with change projects is desirable.

  • Team management experience.

How we’ll support you

  • Flexible working to assist you balance your personal priorities

  • Coaching and support from experts in your team

  • A culture of continuous learning to aid progression

  • We value diversity and as an equal opportunities’ employer, we make reasonable adjustments for those with a disability such as the provision of assistive equipment if required (e.g. screen readers, assistive hearing devices, adapted keyboards)

About us

Deutsche Bank is the leading German bank with strong European roots and a global network. Click here to see what we do.

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. We welcome applications from talented people from all cultures, countries, races, genders, sexual orientations, disabilities, beliefs and generations and are committed to providing a working environment free from harassment, discrimination and retaliation.

Visit Inside Deutsche Bank to discover more about the culture of Deutsche Bank including Diversity, Equity & Inclusion, Leadership, Learning, Future of Work and more besides.