Wealth Management - Divisional Risk and Control Specialist - Assistant Vice President

Deutsche Bank
Hong Kong, Hong Kong
May 06, 2022
May 17, 2022
Job Function
Risk Management
Industry Sector
Finance - General
Employment Type
Full Time
Job Description

The Divisional Risk and Control Specialist is responsible for delivering specific aspects of the risk and control strategy for a sub-division. This includes monitoring risk and control activities, risk based control reporting of key issues, performance and validation of cyclical activities such as annual control self assessments. It would also include, control testing, incident research, remediation monitoring and other ad hoc control initiatives and projects. The Divisional Risk and Control Specialist will liaise with other risk and control functions, on a management level to assure the integration of risk initiatives and projects.

Additional Job Description

Details of the Division and Team:

Deutsche Bank's IPB business is one of the largest wealth managers worldwide. We offer our clients a broad range of traditional and alternative investment solutions, as well as comprehensive advice on all aspects of Wealth Management. As a trusted partner of wealthy individuals and entrepreneurs, family offices and foundations, we create lasting value for clients. We specialize in developing bespoke solutions for our clients around the world, for instance wealth planning across successive generations and international borders, asset management with individual risk management, loans and deposits. All this is possible thanks to our global network, our many years of experience and our close collaboration with the Corporate Bank, Investment Bank and DWS. We aim to become a highly competitive global wealth manager by combining financial strength and stability with trustworthy partnership and forward-thinking in order to build sustainable and beneficial client relationships. As a growth business for Deutsche Bank, we contribute towards building a more balanced, less capital intense and stable business model for the bank.

International Private Bank (IPB) Divisional Control Office ('DCO') Team is an integral part of the IPB (1st Line of Defence) business unit and is responsible for competently addressing risk & control and regulatory matters such as operational risk, reputational risk, Suitability, AML/KYC, cross-border, incident handling, client complaint investigation, audit validation, Risk & Control Assessment, among others. IPB APAC DCO team works closely on Risk & Control related tasks with other infrastructure functions, including COO, Compliance, Legal, AFC, Product, Operations, etc., as required.

Your key responsibilities:
  • Coordinate all operational risk related activities for HK such as client complaints / legal case investigation, operational risk incident and mishandling reporting
  • Support Divisional Control Office (DCO) mandates and initiatives such as DCO guidance on dormant account, manual client reporting and hold mail
  • Support IPB APAC Divisional Control Officer (DCO) and IPB HK Divisional Control Officer (DCO) in local risk governance forums
  • Engagement with IPB North Asia and HK Relationship Center (RC) on risk and control related matters.
  • Risk related analysis and engagement on specific client related matters as relevant from a Business / operational risk perspective.
  • Active engagement with all stakeholders including Relationship Center, Trading desk, advisory, Compliance, Legal, COO and regional DCO colleagues.
  • Support on the trend analysis and management reporting to raise risk awareness.

Your skills and experience:
  • 5 to 8 years of private banking related business and/or process control experience
  • Risk control mindset with a focus on business vs risk to support business growth with the right risk
  • Ability to take on challenges and work closely with all partners across a range of subjects from AML, Suitability to controls and process.
  • Positive attitude and personality and be able to engage and work with stakeholders.
  • Detailed oriented and good to work on excel.
  • Good command of English and Chinese language. Mandarin language is a plus.
  • Well versed with multi-asset class of investment products.
  • Good knowledge of HKMA, SFC guidelines would be a plus.

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