Reward Advisor recruitment
This newly created role provides a key opportunity to work in a team that can shape and lead the Reward strategy for Deutsche Bank. The team has visibility to the Management Board, the Senior Executive Committee (SECC) and the global heads of key control functions - HR, Risk, Finance, Legal, Compliance and Treasury.
The successful candidate is responsible for ensuring that Deutsche Bank’s compensation arrangements and practices are compliant with the relevant regulatory recommendations and requirements, primarily in the US. The incumbent needs to maintain close contact with the relevant country regulators (e.g. U.S. Federal Reserve) and other global regulators
It is essential that the incumbent becomes knowledgeable about DB’s compensation plans and policies. The position’s responsibilities include the collection and aggregation of relevant regulatory recommendations and requirements and providing solutions to incorporate these requirements into the Bank’s compensation arrangements. This will include the preparation of presentation material for proposals to be presented to the appropriate DB governance committees.
The incumbent will work closely with the members of the HR Reward Governance team, the Reward Advisory team and HR Reward Management, as well as DB internal and external experts to help structure new compensation plans and ensure that new and existing plans comply with appropriate regulatory, as well as legal, tax, compliance and internal DB policy requirements. The incumbent will also act in an advisory capacity to the Reward team responsible for the execution of DB’s compensation plans.
Key Requirements:
- Proactively provide strategic input on Reward regulatory issues
- Maintains close contact with U.S. and Latin American regulators with regard to regulatory initiatives
- Supports DB in ongoing interactions with its regulators in the main financial centers around the globe
- Demonstrate DB’s determination to support the regulatory initiatives and to adhere to the relevant requirements through DB’s active and constructive participation
- Communicate key Reward messages and compensation initiatives to key stakeholders
- Manage day to day relationships with key stakeholders
- Engage other areas of Reward in key strategic decision making process to gain consensus and buy in
- Able to work in a global team
- Skills/Knowledge/Experience:
- Knowledge of the full range of Reward tools
- Knowledge of the accounting and tax impact of different aspects of Reward
- Knowledge and experience of latest regulatory thinking and requirements of key regulators in respect of compensation
- Project management experience
- Ability and willingness to work under time pressure to meet short deadlines
- Excellent organization and prioritization skills; attention to detail and ability to multi-task
- Excellent PowerPoint skills and the ability to present complex data and information in a succinct and easily understandable manner
- Data integration, management and analytics experience
- Microsoft Access, Excel, PowerPoint, Word, etc.
Recommended Key Competencies
- Performance orientation
- Project management skills
- Ability to manage tight deadlines
- Analytical skills
- Teamwork communication skills
- Ability to establish and maintain effective client relationships
- Openness to innovation change
- Integrity, trust fairness