Operations Lead - Assistant Vice President

Overview

Private Banking (PB) US Operations is part of the Central Europe and US region and provides operational support in the US to the Private Banking business in the areas of Discretionary, Trust Planning, Custody, Wealth Advisory, Brokerage and Lending as well as the Deposit business with a combined $70bn assets under management (AUM). Operations is responsible for managing middle and back-office services including the oversight of outsourced services to third party vendors as well as services offshored to other Deutsche Bank locations.

As an Operations Expert, you will be responsible for the oversight of securities and payments processing including the oversight of the internal and external vendors providing these services, the oversight and resolution of any related reconciliation breaks and will be involved in various projects to implement new processes or strengthen our control environment.

Beyond the usual operations processes knowledge required for this position, a solid understanding of accounting principles will be necessary to effectively work with vendor systems and finance teams for seamless transaction reporting and reconciliation.

As an Operations expert, you will be expected to proactively identify and raise operational risks as well as provide solutions to mitigate them as well as be required to participate in audit reviews and remediations as well as provide quantitative and qualitative reporting to different council and senior management.

• 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

• Manage the day-to-day oversight of the processes

• Coordinate and resolve business queries and escalations

• Work with the offshore and vendor teams to resolve issues and implement robust processes

• Act as SME and coordinator with Audit, Compliance, Finance, Risk Management teams for various projects and reporting

• Run projects, review New Product Approvals etc

• Securities and Payment Processing Experience over 5 years for Equities, Bonds, FX, Structured Products, Mutual Funds, Alternative Investment Funds etc

• Experience in Accounting platforms in any major Bank in the US

• Experience in IRA products, Collective Investment Funds

• Ability to process large data sets in Excel for day-to-day reporting and analysis US Regulatory Requirements/ Submissions for Fed/OCC Reports

• Project management experience

• Bachelor’s degree in accounting /business

• Certifications in Series 99, Series 7 offered by FINRA

• Brokerage and DPM Product knowledge in Private Banking set up is a plus.

• Excellent Analytical and Problem-Solving skills, being a team player, quick learner, and follow-through capabilities

• Self-motivated; self-starter; excellent communication skills, both written and spoken

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 $90K to $130K. 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.

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