Job Description:
Job Title Head of Private Banking - US Operations
Corporate Title 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 combined $70bn assets under management (AUM). Operations is responsible for managing middle and back-office services including outsourced services to third party vendors and services offshored to internal Deutsche Bank locations.
As the Head of Private Banking US Operations, you will be responsible for $5bn AUM and oversee onshore, offshore, and external services (middle-office, client onboarding, cash processing custody, clearing and all back-office services) ensuring effective and efficient full-service delivery in a controlled environment adhering to Financial Industry Regulatory Authority regulation. You will confirm highest standard procedure documentation, establish end-to-end process flows, and implement changes to support streamlined processes/workflows with overall goal of adhering to internal policy, regulatory mandates, and risk mitigation requirements.
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 day to day including offshore services and services provided by our external vendors:
Brokerage Operations/Service (custodial, clearing, settlement, and transaction processing services)
Lending operations
Document management
Owner of the vendor relationship and oversight (KPI’s, services/solutions, contractual agreements, vendor risk management, vendor cost)
Functional responsibility across Private Banking products and platforms for Trading, Asset Services, Alternatives, Retirement Accounts, and Special Products
Leverage strong expertise of client needs and requirements to execute and communicate the functional strategy and provide recommendations to develop improved service offerings
Facilitate team’s operational issue resolution through proper documentation of root cause analysis and recommended improvements ensuring client needs are being addressed by team function
How You’ll Lead
Manage performance of onshore and offshore teams, setting clear priorities and expectations as well as providing direction and support; responsible for overseeing HR activities for direct reports
Manage projects in collaboration with the Agile organization
Represent PB US Operations in various meetings and forums
Skills You’ll Need
Experience in Brokerage Operations leadership role within middle / back-office environment and Private Banking Management background and knowledge of Private Banking suite of products
Excellent client / stakeholder management and communication skills (written/ verbal) with ability to facilitate meetings/discussions to progress topics to comprehensive next steps and resolution
Prior people management experience
Involvement with managing and overseeing services provided by external vendors
At ease in managing projects
Proficiency in Microsoft Office suite
Skills That Will Help You Excel
Excellent communication skills, both written and spoken
Self-motivated
Self-starter
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 $110K to $185K. 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 renumeration.
Deutsche Bank Values & Diversity
We believe talent is found in all cultures, countries, races, ethnicities, genders, sexual orientations, disabilities, beliefs, generations, backgrounds, and experiences. We pursue a working environment where everyone can be authentic and feel a sense of belonging. Click here to find out more about our diversity and inclusion efforts.
We are an Equal Opportunity Employer - Veterans/Disabled and other protected categories.
Click these links to view the following notices: EEO is the Law poster and supplement; Employee Rights and Responsibilities under the Family and Medical Leave Act; Employee Polygraph Protection Act and Pay Transparency Nondiscrimination Provision
Learn more about your life at DB through the eyes of our current employees: https://careers.db.com/life
The California Consumer Privacy Act outlines how companies can use personal information. If you are interested in receiving a copy of Deutsche Bank’s California Privacy Notice, please email HR.Direct@DB.com.
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!
#LI-HYBRID
#LI-REMOTE
#LI-ONSITE
Our values define the working environment we strive to create – diverse, supportive and welcoming of different views. We embrace a culture reflecting a variety of perspectives, insights and backgrounds to drive innovation. We build talented and diverse teams to drive business results and encourage our people to develop to their full potential. Talk to us about flexible work arrangements and other initiatives we offer.
We promote good working relationships and encourage high standards of conduct and work performance. We welcome applications from talented people from all cultures, countries, races, genders, sexual orientations, disabilities, beliefs and generations and are committed to providing a working environment free from harassment, discrimination and retaliation.
Visit Inside Deutsche Bank to discover more about the culture of Deutsche Bank including Diversity, Equity & Inclusion, Leadership, Learning, Future of Work and more besides.
We are an Equal Opportunity Employer - Veterans/Disabled and other protected categories. Click these links to view the following notices: EEO is the Law poster and supplement; Employee Rights and Responsibilities under the Family and Medical Leave Act; Employee Polygraph Protection Act and Pay Transparency Nondiscrimination Provision.
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