Strategic Remediation & Control Office – Independent Review and Challenge - Director

Job Description:

Job Title Strategic Remediation & Control Office – Independent Review and Challenge

Corporate Title Director

Location New York, NY

Overview

This role sits within the Strategic Remediation Control Office, which leads the Transformation and Remediation at Deutsche Bank. The Office leads US oversight of programs which contribute to the uplift of the Firm’s capabilities across multiple lines of defense working in partnership with global Businesses, Risk, Compliance, Technology and Audit. The team ensures alignment of the portfolio of projects remains within groupwide strategic priorities and are successfully implemented to achieve the intended benefit and outcomes. For this role, the Independent Review and Challenge team is looking for experienced professionals with deep expertise in supervision and regulation as well as risk and controls to join our high impact and growing team. This is a unique opportunity to be at the heart of the Bank’s Transformation and remediation, with direct senior management and board alignment and exposure.

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

• Provide effective review and challenge of critical regulatory remediation initiatives across the Bank including regulatory responses, remediation plans, regulatory remediation program, and regional and global key deliverables

• Identify critical gaps in bank’s regulatory responses and remediation initiatives and present feedback / challenge in management forums, including C-suite executives, regional and global senior management across business, risk, finance, treasury, and compliance, in advance of the formal submission to the regulators

• Act as an advisor and provide guidance to business and infrastructure functions in responding to regulatory inquiries, responses, and remediation plans and implementing regulatory remediation programs

• Ensure that regulatory remediation programs clearly articulate risk reduction and demonstrate enhanced control environment with evidence of design and operational effectiveness

How You’ll Lead

• Improve comprehensiveness and completeness of the Bank’s regulatory responses, remediation programs, and global key deliverables by providing constructive and holistic feedback, identifying weaknesses and limitations, and escalating critical issues where necessary

• Responsible for active stakeholder engagement by ensuring close collaboration with key stakeholders across the Bank and working closely with subject matter experts on relevant regulatory remediation programs

Skills You’ll Need

• Extensive experience in the financial services industry or consulting firms covering risk, control, audit, compliance, other regulatory remediation/quality assurance, or regulatory agencies (e.g., Federal Reserve Bank, Outbound Control Centers, etc)

• Significant experience in risk management and controls (technology, data and cyber risk experience preferred), effectively identifying and assessing risks within a remediation program along with developing and implementing sustainable mitigating actions

• Significant experience in interpreting regulatory rules and regulations and dealing with regulatory remediation programs (e.g., SR letters, FFIEC, etc)

• Ability to identify risks and issues and escalate timely and effectively

Skills That Will Help You Excel

• Strong interpersonal and communication skills (both verbal and written) with an ability to present and effectively articulate your view to senior management

• Proven leadership capabilities with experience in managing senior stakeholders

Expectations

It is the Bank’s expectation that employees hired into this role will work in the New York, NY 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 $177,000 to $266,700. Actual salaries may be based on a number of factors including, but not limited to, a candidate’s sk