Operations Lead - Assistant Vice President

Job Title: Operations Lead

Corporate Title: Assistant Vice President

Location: New York, NY

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.

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

• 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

Skills You’ll Need

• 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

Skills That Will Help You Excel

• 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

Expectations

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.

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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We welcome applications from all people and promote a positive, fair and inclusive work environment.

Qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, protected veteran status or other characteristics protected by law. Click these links to view Deutsche Bank’s Equal Opportunity Policy Statement and the following notices: EEOC Know Your Rights; Employee Rights and Responsibilities under the Family and Medical Leave Act; and Employee Polygraph Protection Act.