Business Control Office (BCO) Corporate Coverage - Corporate Bank Central (CBC)

0840 Deutsche Bank Aktiengesellschaft, Filiale London; Kegworth; Hybrid; GBP 100,000 - 125,000; Full time

Job summary

A leading global financial institution is seeking a Vice President/Director for the Business Control Office (BCO) in Corporate Banking. The role involves identifying and mitigating non-financial risks while ensuring robust control frameworks for various business units. Candidates should have relevant experience in front office roles, strong project management skills, and a degree or equivalent qualification. The position offers a competitive salary and a hybrid working model.

Benefits

Competitive salary

Non-contributory pension

30 days' holiday plus bank holidays

Life Assurance and Private Healthcare

Flexible benefits including Retail Discounts

Volunteering leave

Qualifications

• Experience in front office roles in Investment Banking or Corporate Banking.
• Knowledge of Foreign Exchange, Rates, or Global Emerging Markets products.
• Ability to present information clearly and compellingly.

Responsibilities

• Identify non-financial risks for the Front Office.
• Develop and monitor level 1 controls.
• Create metrics and reports for risk management.
• Coordinate compliance with key issues.

Skills

Non-Financial Risk experience

Project management

Strong communication skills

Analytical skills

Negotiation

Education

Degree or equivalent qualification

Job description

Description

Job Title Business Control Office (BCO) Corporate Coverage - Corporate Bank Central (CBC)

Location London

Corporate Title Vice President / Director

At the heart of Deutsche Bank’s client franchise is the Corporate Bank, a market leader in cash & liquidity management, trade finance & lending, project finance, trust & securities services, and risk management.

The Business Control Office (BCO) is a front office function reporting to the Divisional Control Officer (DCO) in Corporate Bank with the primary objective to advise the front office i.e. Sales, Coverage and / or Trading desks and its Management by maintaining a robust Non-Financial Risk (NFR) Governance and Framework as part of the first line of defense.

BCO’s mandate entails fundamentally the identification of NFR risks such as regulatory, conduct and systemic risks, the definition of mitigation processes for those risks, and the development, implementation and monitoring Level 1 controls where required. In addition to working closely with the Product, Sales and Coverage desks, your reach, and interaction will be broad, including engagement within Corporate Bank (CB), the Investment Bank (IB), DCO’s across divisions and those functions forming the 2nd Line of defense within the 3 Lines of Defense (3LoD) program.

You will be in the Corporate Bank Divisional Control Office function supporting the Sales and Coverage business.

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 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

• Identifying non-financial risks (regulatory, conduct and systemic) for Front Office and definition of control requirements thereof
• Developing, implementing and monitoring level 1 controls and managing findings
• Supporting conducting risk assessments.
• Creating metrics and reports to ensure appropriate monitoring, management and transparency of non-financial risks
• Responsibility for monitoring the risk remediation / implementation on key issues / managing Corporate Bank’s Trading Governance
• Ongoing monitoring and creation of management reporting and escalation process to senior management. Providing information and coordinating within DCO, Chief Operating Office (COO), 2nd Line of Defence (LoD) and 3LoD and Inputting definition of control improvement program, and analyzing the efficiency of spend on controls

Your skills and experience

• NFR Relevant experience in a front office role in IB or CB or relevant Compliance, Control, Legal, Middle Office or Audit function
• Relevant FIC (e.g. Foreign Exchange, Rates and / or Global Emerging Markets) products experience through previous work experience
• Project management experience within an Investment Bank
• Educated to degree level or equivalent qualification / work experience with finance / economic background
• Ability to formulate clearly and present information in a compelling manner
• Strong communication skills needed to synthesize technical content to senior level management
• Demonstrated influencing, negotiation and analytical skills

How we’ll support you

• Training and development to help you excel in your career
• Flexible working to assist you balance your personal priorities
• 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

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

Deutsche Bank in the UK is proud to have been named for six consecutive years. Additionally, we have been awarded a Gold Award from Stonewall and named in their for our work supporting LGBTQ+ inclusion.

If you have a disability, health condition, or require any adjustments during the application process, we encourage you to contact our Adjustments Concierge on to discuss how we can best support you. Alternatively, you can share your phone number, and a member of the team will be happy to call you to talk through your specific requirements.

We strive for a 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.