Strategic Remediation Control Office - Model Risk - Vice President

Job Title Strategic Remediation Control Office - Model Risk

Corporate Title Vice President

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 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 efforts, with exposure to senior management.

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 for critical regulatory remediation deliverables across the Bank including regulatory responses, remediation plans and outcomes, regulatory remediation program, and regional and global key deliverables in the areas of model risk management and financial risk (credit, market, and liquidity risk)

• Perform critical analysis and independent review and challenge of bank's regulatory responses and remediation initiatives in order to identify critical gaps in advance of formal submission to regulators

• Act as an advisor and provide guidance to business, finance and risk management functions relating to regulatory responses, remediation plans, and implementation of regulatory remediation programs

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

• Responsible for active stakeholder engagement by ensuring close collaboration with key stakeholders across the Bank

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

• Team player with the ability to contribute to Bank's critical regulatory initiatives in a timely manner

Skills You'll Need

• Extensive experience in financial services industry or consulting firm (e.g., risk and controls, audit, regulatory remediation/quality assurance, etc.) or regulatory agencies as a bank examiner (e.g., FRB, Outbound Control Centers, Federal Deposit Insurance Corporation)

• Significant experience in reviewing and challenging regulatory responses, remediation action plans, and closure documentation

• Significant experience in interpreting regulatory rules and regulations (e.g., SR letters, FFIEC, European Banking Authority, and PRA guidelines particularly in the areas of model, market and credit risk management, and regulatory capital.)

• 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

• Critical and analytical thinker with attention to detail

• Strong conflict management skills

• Comfortable challenging ideas, communicating technical intricacies in transparent and concise manner and working in a global and dynamic environment

• High level of curiosity and desire to learn

Expectations

It is the Bank's expectation that employees hired into this role will work in the New York City 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 $125,000 to $203,000.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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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.

We are an Equal Opportunity Employer - Veterans/Disabled and other protected categories. Click these links to view the following notices:EEOC Know Your Rights;Employee Rights and Responsibilities under the Family and Medical Leave Act;Employee Polygraph Protection ActandPay Transparency Nondiscrimination Provision.