Job Description:.
Job Title EU Rates Business Controls Unit and Global CPM Business Management & Control (BM&C)
Location London
Corporate Title Vice President Deutsche Bank's Rates business leads with scale and strength in providing solutions to institutional and corporate clients globally. Our product range includes fixed income securities, exchange traded funds and derivatives in interest rates, long dated FX, multi-asset correlation products and commodities. Counterparty Portfolio Management (CPM) is non-profit generating unit and manages the counterparty risk on uncollateralised OTC derivatives, protects against default loss for designated counterparties while executing capital optimization strategies. The role is to join Rates and CPM Front Office Business Management and Controls (BMC), responsible for the effective management and oversight of the risk and control environment for EU Rates and Global CPM as part of wider Rates BMC function.
What we'll offer youA 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.
Hybrid WorkingWe 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 You can expect:
- 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 - Liaison for Audit, Compliance and Regulatory reviews including coordination of meetings and delivery of audit finding closure materials and self-identification of issues
- Oversee business control environment and execute non-financial risk (NFR) frameworks across EU Rates and Global CPM, including running key Rates and CPM governance forums
- Shape, develop and implement CPM business strategy, governance and controls including identifying and understanding control gaps and developing and executing remediation plans
- Financial planning and cost management including analysis and forecasting
- Evaluating business MI, making independent decisions, implementing changes to ensure compliance with regulatory requirements and policies
- Building and maintaining strong partnerships with stakeholders across Trading, Sales & Structuring and Infrastructure and play a key controls advisory role with Trading
Your skills and experience - Investment Banking experience, preferably within Front Office and with exposure Compliance, Non-Financial Risk, and Audit functions. Prior experience to effectively liaise with Trading and supporting functions to plan and co-ordinate across multiple stakeholders.
- Solid experience engaging with third parties on audits, self-identification of key risks and issues, formulating action plans, ability to independently remediate audit findings.
- Specific knowledge of non-financial risks associated with Rates and CPM. Sound understanding of the investment banking environment and industry initiatives, particularly around regulation
- Deep understanding of risks and controls over front to back trading process, day 1 P&L, book ownership, book access and trade life cycle of Rates products
- Understanding of market conduct controls including UPTA controls, trade & communication surveillance output etc
- Strong analytical and communication skills to review and synthesize technical content to senior level management
How we'll support you - Training and development to help you excel in your career
- Coaching and support from experts in your team
- A culture of continuous learning to aid progression
- A range of flexible benefits that you can tailor to suit your needs
About us Deutsche Bank is the leading German bank with strong European roots and a global network. Click here to see what we do. Deutsche Bank in the UK is proud to have been named a The Times Top 50 Employers for Gender Equality 2024 for five consecutive years. Additionally, we have been awarded a Gold Award from Stonewall and named in their Top 100 Employers 2024 for our work supporting LGBTQ+ inclusion. 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.