Product Lifecycle Risk Manager, AVP

Deutsche Bank AG; Mumbai; On-site; INR 1,800,000 - 3,000,000; Full time

Benefits offered by this job

Best in class leave policy

Gender neutral parental leaves 100%

Certification sponsorship

Employee Assistance Program

Hospitalization insurance

Accident and term life insurance

Health screening for 35+

Job summary

Deutsche Bank AG in Mumbai seeks a Product Lifecycle Risk Manager at AVP level to lead governance across the product lifecycle, strengthen the NPA framework and perform independent 2LoD reviews. You will collaborate with risk, compliance, and product teams to safeguard regulatory compliance and drive process improvements.

The role requires a strong background in asset management risk, governance, and data-driven decision support.

Qualifications

• University degree in Business Administration, Finance, Economics or related discipline.
• At least five years of relevant experience in asset management, product governance, risk management or related function.
• Strong understanding of investment products and governance frameworks in regulated financial services.

Responsibilities

• Manage and develop product risk processes, controls and governance across the lifecycle.
• Enhance the New Product Approval framework and prioritise initiatives.
• Perform independent 2LoD reviews of NPA submissions and identify risks.
• Own and enhance the NPA platform and governance tooling.
• Coordinate governance activities across business, risk, compliance, legal and operations.
• Support governance committees and contribute to global lifecycle initiatives.

Skills

Product risk

Governance

NPA framework

2LoD reviews

Regulatory change

Stakeholder management

Data analytics

Education

University degree in Business/Finance/Economics

Tools

Excel

PowerPoint

Word

Job description

Job Description: Job Title: Product Lifecycle Risk Manager Corporate Title: Assistant Vice President Location: Mumbai, India

Role Description

Today, markets face a whole new set of pressures – but also a whole lot of opportunity too. Opportunity to innovate differently. Opportunity to invest responsibly. And opportunity to make change. Join us at DWS, and you can be part of an industry-leading firm with a global presence. You can lead ambitious opportunities and shape the future of investing. You can support our clients, local communities, and the environment. We’re looking for creative thinkers and innovators to join us as the world continues to transform. As whole markets change, one thing remains clear; our people always work together to capture the opportunities of tomorrow. That’s why we are ‘Investors for a new now’. As investors on behalf of our clients, it is our role to find investment solutions. Ensuring the best possible foundation for our clients’ financial future. And in return, we’ll give you the support and platform to develop new skills, make an impact and work alongside some of the industry’s greatest thought leaders. This is your chance to achieve your goals and lead an extraordinary career.

About DWS Investment Risk

The Chief Risk Office within DWS is an independent function responsible for protecting the business as well as being a trusted adviser and partner for supporting sustainable business growth. As part of the Chief Risk Office, Investment Risk provides independent oversight and challenge of risks arising from DWS fiduciary activities, including the governance of investment products throughout their lifecycle. The Product Life Cycle Risk Team is responsible for the New Product Approval framework, related policies, procedures, controls and governance tooling. The team works closely with Business, Investment, Product Management and control functions to support robust, transparent and regulatory-compliant product decisions.

What we’ll offer you

• Best in class leave policy.
• Gender neutral parental leaves 100% reimbursement under childcare assistance benefit (gender neutral)
• Sponsorship for Industry relevant certifications and education
• Employee Assistance Program for you and your family members
• Comprehensive Hospitalization Insurance for you and your dependents
• Accident and Term life Insurance
• Complementary Health screening for 35 yrs. and above

Your key responsibilities

• Manage and further develop Product Risk processes, policies, controls and governance frameworks across the product lifecycle, ensuring consistent, scalable and effective standards.
• Manage and continuously enhance the New Product Approval (NPA) framework, including transparent prioritisation of initiatives and effective management of dependencies across the product pipeline.
• Perform independent 2LoD reviews of NPA submissions and support the relevant Risk Type Heads in assessing and signing off product initiatives, including the identification, challenge and escalation of material risks and control gaps.
• Own and further develop the NPA platform and related governance tooling, driving system enhancements, process automation and scalable workflow solutions.
• Coordinate Product Governance activities across Business, Investment, Risk, Compliance, Legal, Operations and other control functions to ensure initiatives are complete, decision-ready and progressed effectively through the governance process.
• Support governance committees and contribute to global Product Lifecycle initiatives through management information, decision materials, governance records, regulatory implementation and process transformation.

Your skills and experience

• University degree in Business Administration, Finance, Economics or a related discipline, or equivalent professional experience, with at least five years of relevant experience in Asset Management, Product Governance, Product Management, Risk Management, Compliance, Operations, Regulatory Change or a related governance or control function.
• Strong understanding of investment products, asset management operating models, product lifecycle management and Product Governance frameworks within a regulated financial services environment.
• Knowledge of relevant regulatory requirements, with the ability to assess regulatory developments and translate their impact into appropriate governance processes, policies and controls.
• Strong analytical and problem-solving skills, with proven ability to independently review and challenge complex product initiatives, identify material risks and control gaps, and formulate clear, practical recommendations.
• Experience managing or enhancing governance processes, workflows and control frameworks, including translating governance requirements into system enhancements and supporting tool implementation, testing, migration or automation initiatives.
• Excellent communication, stakeholder management and organisational skills, with the ability to prepare concise materials for senior stakeholders and committees, constructively influence cross-functional teams and deliver high-quality outcomes across competing priorities.
• Strong proficiency in Microsoft Excel, PowerPoint and Word; experience with data analytics, reporting tools or process automation solutions is advantageous.
• Proven ability to leverage AI tools to enhance productivity, optimise workflows to solve business problems, while applying critical judgment to ensure responsible and ethical use of data and AI outputs.

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 and our teams

Please visit our company website for further information: https://www.db.com/company/company.html

We at DWS are committed to creating a diverse and inclusive workplace, one that embraces dialogue and diverse views, and treats everyone fairly to drive a high-performance culture. The value we create for our clients and investors is based on our ability to bring together various perspectives from all over the world and from different backgrounds. It is our experience that teams perform better and deliver improved outcomes when they are able to incorporate a wide range of perspectives. We call this #ConnectingTheDots. For over 150 years, our dedication to being the Global Hausbank for our clients has been driven by our people – in around 60 countries and across more than 150 nationalities. Their deep understanding, insights, expertise, and passion help our clients navigate an increasingly complex world – be it in our Corporate Bank, our Private Bank, our Investment Bank or our Asset Management (DWS) division. Together we can make a great impact for our clients at home and abroad, securing their lasting success and financial security.

More information at: Deutsche Bank Careers (db.com)