Regulatory Engagement Lead CIO CB USA - Vice President

Job Title Regulatory Engagement Lead CIO CB USA

Corporate Title Vice President

Location New York, USA

Overview

Deutsche Bank's Corporate Bank division is a leading provider of cash management, trade finance and securities finance, We complete green-field projects that deliver the best Corporate Bank - Securities Services products in the world. Our team is diverse, international, and driven by shared focus on clean code and valued delivery, At every level, agile minds are rewarded with competitive pay, support, and opportunities to excel.

The Vice President of Regulatory Engagement for Chief Investment Officers (CIO) Corporate Bank (CB) is responsible for managing the engagement with regional regulators across all technology-related topics and regulations, issued by US regulatory authorities, including the Federal Reserve Bank (FRB), the Office of the Comptroller (OCC) or the NY Department of Financial Services (NYDFS), but as well to participate in exams from other regions, where the US is the focus of questions and requests, In addition, the role covers the management of monitorships and third party reviews induced by US Regulators, in particular the annual FRB-mandated Office of Foreign Assets Control (OFAC) Compliance Review where CIO CB is a significant contributor. The role ensures that any regulatory requests - whether from exams , meetings or ad-hoc information requests, are responded to in a concise way and a timely manner, in line with the expectations of our regulators.

The position requires mainly the following

• proactive engagement with internal Technology, Data, & Innovation (TDI) staff (both SMEs and management), Infrastructure groups and Businesses, but as well regulators,

• robust knowledge of (US) banking regulations and Deutsche Bank's overall control environment, specifically Information Technology (IT), Information Security (IS) and anti-financial crime (AFC) controls,

• the ability to influence internal stakeholders to be collaborative and constructive,

• the ability to quickly dissect questions and requests in terms of what the actual focus of the topic is ('why do they ask?') and where to address these questions within Deutsche Bank

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 that 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

• Act as the primary CB CIO - point of contact for technology-related discussions with US regulators and Monitors, including the Federal Reserve Bank (FRB), Outbound Control Centers (OCC) and DFS, but as well foreign regulators

• Understand key regulations, guidelines and standards, for instance on Bank Secrecy Act (BSA)/AML, Office of Foreign Assets Control (OFAC), payments, digital banking, cybersecurity and data localization. Develop strategies to address regulatory challenges, including data or operational resilience

• Monitor regulatory updates, circulars, and notifications, and use Deutsche Bank's Regulatory Adherence Framework to make sure new regulations get implemented

• Drive internal education on regulatory expectations and industry best practices

• Support internal reviews and audits to ensure compliance with technology-related regulations

• Develop and maintain strong relationships internally, and with regulatory bodies. Potentially represent the Bank in industry working groups, or regulatory forums on technology-related matters

How You'll Lead

• Partner closely with technology and business stakeholders in the development and execution of the Bank's risk framework

• Promote proactive risk culture and sustainability of controls to technology stakeholders to help improve overall risk posture for the area

• Liaise with senior management, audit and regulators on reporting of project milestones and key deliverables

Skills You'll Need

• Bachelor's degree in Technology, Computer Science, Law, or a related field. Advanced degrees (e.g., MBA, LLB, or equivalent) preferred

• Advanced relevant experience, in particular around regulatory engagement for US topics for CIO CB. Deep previous experience with US Banking Regulators and Monitors in CIO CB relevant topics is a prerequisite, as is strong experience in technology risk management. Knowledge in related fields (banking compliance, CB products) is a plus

• Experience in IT- and cybersecurity frameworks, enterprise data management, operational resilience, data privacy,

• Proven ability to interact with regulators and manage audits/inspections

• Strong analytical and communication skills to engage with senior stakeholders and regulators. Robust writing skills, Strategic mindset with the ability to navigate complex regulatory environments

Skills to Help You Excel

• Prepare and present reports to senior management and Legal Entity Boards on regulatory updates and risks

• Strong knowledge of regulations related to technology and the Corporate Bank

• Expertise in collaborating with cross-functional teams with a self-starting, 'rolling your sleeves-up'-mentality

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 $125,000.00 to $203,000.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!

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