Benchmark and Index Control Group Governance

  • By Deutsche Bank
  • London (United Kingdom)
  • Bachelor's Degree
  • Management / Project Management

Job description

The Risk division has a fundamental responsibility to protect the Bank. With group-wide responsibility for the management and control of credit, market, operational and reputational risks, we have a unique vantage point which allows us a holistic view of our businesses and our clients. Nearly 4,000 employees work together to achieve our ambition to be an industry-leading risk management organisation.

In an increasingly complex environment, risk management is fast-becoming the most sought after place to build a career within the banking world. Risk at Deutsche Bank is relied upon to help shape the strategy of the organisation and the wider industry agenda.

Job Title: Benchmark and Index Control Group Governance
Corporate Title: Vice President
Division: Risk
Location: London
Opening Date: 02/06/2017
Closing Date: 30/06/2017
Salary: Competitive


You’ll be joining the Benchmark and Index Control Group (BICG) within Risk which is the independent second line control function and the Risk Type Owner for benchmark risk across Deutsche Bank Group. BICG maintains an effective risk management framework comprising standards and policies, control execution and monitoring as well as analysis and reporting, building on a strong interaction with the business divisions and other control functions.

The Governance team has responsibility for defining and maintaining the Bank’s control framework for benchmarks and indices.

Key Responsibilities:

·  Monitoring changes in regulation, legislation and auditing standards that impact the processes and responsibilities around benchmark activities
·  Assessing requirements and identifying business impact, overseeing control enhancement in the business functions.
·  Collaborate with business functions to collate benchmark usage globally, ensuring completeness and accuracy of the benchmark inventory
·  Supporting the evolution of the control taxonomy and related group-wide governance structure
·  Coordinating responses to external policy consultations
·  Providing coordination of legal opinions and interpretations
·  Reviewing and revising Internal Controls documents and compliance training
·  Supporting the evolution of the non-financial risk metrics and its enhancement
·  Coordinating responses to external policy consultations

Skills & Qualifications:

·  Knowledge of Benchmark regulations (e.g., UK FCA MAR8, EU Benchmark Regulation, ESMA-EBA Principles for Benchmark-Setting Processes, IOSCO Principles for Financial Benchmarks), and involvement in designing control framework and/or implementing controls required in the regulations
·  Proven experience in working in business function, and/or understanding of business products, infrastructure and processes, as the role requires frequent interaction with the business functions, guiding and leading the functions to understand and implement/enhance control standards
·  Proven experience in managing global/regional regulatory changes, in business or control functions, e.g., Volker, MiFID, EMIR, GBSA. Ability to interpret and communicate regulatory requirements and to apply required controls in the business operation.
·  Previous experience in cross-regional and cross-functional projects with excellent project management and planning skills, as the role requires management of global and multi-functional project with critical regulatory deadline
·  Previous experience in drafting legal and or compliance documents, to document Internal Control documents and external policy consultations
·  An excellent verbal and written communicator
·  Ability to maintain attention to detail whilst working under pressure
·  A reliable team player motivated to work in a dynamic, international and diverse environment
·  Ability to effectively multitask in a fast paced environment, prioritising workload with minimal supervision
·  Educated to Bachelor’s degree level or above (or equivalent qualification / work experience)

Deutsche Bank is an equal opportunity employer who seeks to recruit and appoint the best available person for a job regardless of marital / civil partnership status, sex (including pregnancy), age, religion, belief, race, nationality and ethnic or national origin, colour, sexual orientation or disability.

Please let us know if you require any adjustments to enable you to apply or attend an interview. If you would like to discuss your requirements, or have any concerns about the application process, please contact your recruiter.


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About Deutsche Bank

Die Deutsche Asset & Wealth Management (Deutsche AWM) unterstützt private und institutionelle Anleger dabei, ihr Vermögen zu verwalten und zu vermehren, und beschäftigt sich sowohl mit kunden- als auch kapitmalmarktorientierten Fragestellungen. Weltweit vertrauen institutionelle Anleger, Unternehmen und Privatpersonen der Deutschen Bank ihr Vermögen an. Wir eröffnen unseren Kunden Investmentmöglichkeiten und wandeln ihr Kapital in nachhaltige Anlagen um. Als Trainee bei Deutsche AWM sind Sie Teil eines Teams von Profis, die Produkte entwickeln und hochwertige Portfolios managen. In enger Zusammenarbeit mit erfahrenen Spezialisten erarbeiten Sie sich die notwendigen Kenntnisse, um die Vermögenswerte führender internationaler Unternehmen, institutioneller Anleger und Privatpersonen erfolgreich zu managen.

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