Operational Risk Manager - Legal Portfolio Oversight

Deutsche Bank AG; City of Westminster; Hybrid; GBP 70,000 - 90,000; Full time

Job summary

A leading global bank is seeking an Operational Risk Manager to oversee Legal Portfolio Oversight. In this role, you will integrate Legal Risk Assessment insights into financial and risk planning while leading stakeholder coordination. The ideal candidate will have a comprehensive understanding of operational risk, excellent analytical skills, and the ability to manage relationships across the bank. The position offers a hybrid working model and competitive salary alongside a benefits package including training and healthcare options.

Benefits

Training and development

Flexible working

Life Assurance

Private Healthcare

Competitive salary

30 days holiday

Qualifications

• Relevant experience in first line risk & control, second line risk, or Audit.
• Capable of motivating others and working independently.

Responsibilities

• Integrate Legal Risk Assessment insights into financial and risk planning.
• Lead independent challenge activities as defined by the Risk Management Frameworks.
• Understand Legal cases and provide review on outcome assumptions.
• Build and maintain effective relationships with stakeholders.
• Participate in continuous improvement of the Portfolio Risk Management team.

Skills

Understanding of Operational Risk Management principles

Knowledge of Case Law and Legal provisions

Excellent interpersonal and stakeholder management skills

Strong analytical and communication skills

Flexibility to handle multiple tasks

Team player with strong work ethics

Job description

Job Description

Operational Risk Manager – Legal Portfolio Oversight (Title: Vice President, Location: London)

Role Overview

As the Legal Portfolio Oversight Risk Manager, you will work with Operational Risk Management (ORM), a 2nd Line of Defence function ensuring the bank’s operational risk exposure aligns with group-wide risk appetite and framework. Your focus is on Legal Loss Outflows, driven by various operational risk types. You will lead stakeholder coordination to integrate Legal Risk Assessment insights into financial, risk and capital planning – particularly through prudent downside assessments.

Key Stakeholders

• Legal – determining baseline Legal Risk Assessments, provisions and contingent liabilities
• Group Strategic Analytics – calculating Legal Loss Outflow Downsides on portfolio level and OR capital
• Finance Planning & Performance Management – determining legal loss plan including downside
• Solvency Management – outlining capital mitigation plan based on downside, overseeing and monitoring the Legal Loss outflow at the Group Risk Profile level
• Other ORM and Bank risk type controllers

Responsibilities

• Integrate Legal Risk Assessment insights into financial, risk and capital planning.
• Lead independent challenge activities as defined by the Risk Management Frameworks.
• Understand Legal cases and provide review and challenge on outcome assumptions and probabilities assigned by the Legal team.
• Coordinate and provide timely and accurate updates into Quarterly and Annual Group reporting requirements.
• Build and maintain effective relationships with stakeholders within ORM and across the bank.
• Participate in continuous improvement of the Portfolio Risk Management team as an active collaborator and trusted partner.

Qualifications & Skills

• Understanding of Operational Risk Management principles and practices; relevant experience in first line risk & control, second line risk, or Audit.
• Knowledge of Case Law, Legal provisions and how they inform risk and capital processes; relevant experience in first line risk & control, second line risk, or Audit.
• Excellent interpersonal and stakeholder management skills; collaborative approach within the 3 lines of defence model.
• Strong analytical and communication skills (verbal/written) with ability to distil complex content for senior audiences.
• Flexibility to handle multiple tasks, excellent organizational skills and ability to prioritise.
• Team player with strong work ethics, strategic and proactive work approach; capable of motivating others and working independently.

What We’ll Support You

• Training and development to help you excel in your career.
• Flexible working to assist you balance personal priorities.
• Coaching and support from experts in your team.
• A culture of continuous learning to aid progression.

About Us

Deutsche Bank is the leading German bank with strong European roots and a global network. Deutsche Bank in the UK is proud to have been named in 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, acting responsibly, thinking commercially, taking initiative and working collaboratively.

What We’ll Offer You

• Hybrid Working – ability to work remotely part of the time.
• Competitive salary and non‑contributory pension.
• 30 days’ holiday plus bank holidays, with option to purchase additional days.
• Life Assurance and Private Healthcare for you and your family.
• Flexible benefits including Retail Discounts, Bike4Work scheme and Gym benefits.
• Opportunity to support a wide‑ranging CSR programme + 2 days’ volunteering leave per year.