Rates Business Controls Unit - Vice President | New York, NY, USA

Deutsche Bank; New York (NY); Hybrid; USD 170,000 - 200,000; Full time

Job summary

Deutsche Bank is seeking a Vice President for the Rates Business Controls Unit to enhance the risk and control environment. The role is pivotal in managing audits and compliance within the Rates division. The ideal candidate will possess strong investment banking and non-financial risk expertise, ensuring effective stakeholder collaboration.

Benefits

Hybrid working model

Generous vacation package

Health and wellbeing benefits

Competitive compensation package

Educational resources and matching gift programs

Qualifications

• Experience in investment banking, preferably within Front Office.
• Solid experience with audit and compliance.
• Deep understanding of non-financial risks in fixed income.

Responsibilities

• Coordinate audit, compliance, and regulatory reviews.
• Evaluate business MI and ensure compliance.
• Oversee business control environment and execute controls.

Skills

Investment Banking experience

Compliance knowledge

Non-Financial Risk understanding

Audit liaison

Analytical skills

Job description

Rates Business Controls Unit - Vice President

Rates Business Controls Unit - Vice President

Job Description:

Job Title: Rates Business Controls Unit

Corporate Title: Vice President

Location: New York, NY

Overview

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.

The role is to join Rates Front Office Business Management and Controls (BMC), responsible for the effective management and oversight of the risk and control environment for Rates as part of the wider Rates BMC function.

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

• Liaison for Audit, Compliance and Regulatory reviews including coordination of meetings and delivery of audit finding closure materials and self-identification of issues
• 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

How You'll Lead

• Oversee business control environment and execute non-financial risk (NFR) frameworks across US and Global Rates, including running key Rates governance forums
• Shape, develop and implement Rates governance and controls including identifying and understanding control gaps and developing and executing remediation plans

Skills You'll Need

• Investment Banking experience, preferably within Front Office and with exposure Compliance, Non-Financial Risk, and Audit functions; prior experience to enable effective liaison 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 remediate audit findings independently
• Specific knowledge of non-financial risks associated with fixed income are preferred. Sound understanding of the investment banking environment and industry initiatives, particularly around regulation
• Deep understanding of risks and controls over front to back trading processes, day 1 P&L, book ownership, book access and trade life cycle of fixed income products
• Understanding of market conduct controls including UPTA controls, trade & communication surveillance output etc

Skills That Will Help You Excel

• Strong analytical and communication skills to review and synthesize technical content to senior level management

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 $170K to $200K. Actual salaries may be based on a number of factors including, but not limited to, a candidate's skill set, experience, education, work location and other qualifications. Posted salary ranges do not include incentive compensation or any other type of remuneration.

Deutsche Bank Benefits

At Deutsche Bank, we recognize that our benefit programs have a profound impact on our colleagues. That's why we are focused on providing benefits and perks that enable our colleagues to live authentically and be their whole selves, at every stage of life. We provide access to physical, emotional, and financial wellness benefits that allow our colleagues to stay financially secure and strike balance between work and home. Click here to learn more!

Learn more about your life at Deutsche Bank through the eyes of our current employees: https://careers.db.com/life

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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.

Qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, protected veteran status or other characteristics protected by law. Click these links to view Deutsche Bank's Equal Opportunity Policy Statement and the following notices: EEOC Know Your Rights; Employee Rights and Responsibilities under the Family and Medical Leave Act; and Employee Polygraph Protection Act.

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