Head of Financial Crime Risk & Compliance Business Control and Oversight CB & IB - Managing Director

Job Title: Head of Financial Crime Risk & Compliance Business Control and Oversight CB & IB

Corporate Title: Managing Director

Location: New York, NY

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 of 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 persons 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 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.