Operational Risk Officer recruitment
Overview:
Corporate and Investment Bank (CIB) comprises three businesses: Corporate Finance, Markets and Global Transaction Banking (GTB) and includes regional coverage in the Bank's key growth areas.
The CIB Operational Risk Management team is part of CIB Central Management which reports through to the CIB Chief Administrative Officer. The team is responsible for a variety of programs which support the full range of Sales and Trading, coverage, advisory and banking businesses. Specifically, the team works closely with the front office Chief Operating Officer (COOs), Product Operational Risk Officers, ORBC and other Infrastructure groups to identify, review and assess inherent operational risk in the context of the existing control environment. CIB ORM consists of senior OR mangers who are responsible to maintain a robust operational risk management process to facilitate the efficient implementation and operation of Deutsche Bank's ORM framework, for example event escalation, key risk indicators, self assessment and capital calculation. CIB ORM has a footprint in Germany, UK, US and India.
It is also part of CIB ORM's responsibility to chair the Algorithmic Trading Monitoring Team (AMT) which is part of the Algorithmic Trading (Algo) framework that was implemented across CIB. Algorithmic Trading refers to the practice of placing orders in the market with the assistance of computers that are programmed with defined instructions and strategies.
Key Responsibilities:
In this role you will support pro-active Operational Risk Management (ORM) and the consistent implementation of the OR Framework within the product lines. This objective is achieved by building a strong relationship to product line OR officers as well as utilising support from local Control and Support Groups and Group ORBCM.
You will take responsibility for the Operational Risk (OR) Framework deliverables and development.
You will run the annual Risk Control Self Assessment program for CIB, review and develop OR scenarios and own the creation and update of relevant CIB ORM Policies.
You will maintain a close relationship to Product Operational Risk Officers to support in any capital and framework related matter, supporting the enhancement of the OR capital model
You will develop a thorough understanding of each Product Line and support Front Office in ensuring consistent procedures, measurement and management of OR across CIB are in place.
You will assist in managing the ongoing review of business controls for new Algos.
You will support the development of an ongoing Algo monitoring framework and implement changes.
You will be involved in projects around operational risk and supervision, including refinement of existing processes within Deutsche Bank.
You will be involved in adhoc project work.
You will have:
Experience in Operational Risk Management or internal control function
A good understanding of Operational Risk standards and tools including experience of working with Operational Risk KRI drivers, performance metrics, and multiple data sets.
A strong understanding of investment banking products, processes and the associated controls
An ability to remain objective and to independently raise areas of operational risk exposure within CIB ORM, while maintaining an effective working relationship with product lines and other areas within Deutsche Bank Group
Experience of handling projects independently for example strong Project Management skills or experience.
The ability to identify process efficiencies, suggest improvements and implement where feasible.
Strong verbal and written communication skills with experience of reporting to senior management.
Good analytical skills, high attention to detail, solid organisational and interpersonal skills.
You will be:
Able to work independently, as well as in a team environment
Able to prioritize multiple tasks meeting strict deadlines.
Able to work well under pressure and always with a professional demeanor
Educated to Degree Level (or relevant international equivalent)