Private Bank – First LOD Senior Risk Lead, VP

Position Overview

Details of the Division and Team:

Deutsche Bank Private Bank 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.

What we will offer you:

A healthy, engaged and well-supported workforce are better equipped to do their best work and, more importantly, enjoy their lives inside and outside the workplace. That's why we are committed to providing an environment with your development and wellbeing at its center.

You can expect:

• Competitive Salary and non-contributory pension

• 20 days annual leave plus generous number of public holidays

• Life Assurance and Private Healthcare for you and your family

• A range of flexible benefits including retail discounts, gym benefits, wellbeing incentives

• The opportunity to support a wide ranging CSR program plus take volunteering leave days

Your key responsibilities:

• Accountable for the timely execution of 1st Line of Defence (1LOD) controls for Private Banking.

• Responsible for performing assessments relating to 1LOD controls and ensuring outcomes are appropriately documented and tracked.

• Provide effective oversight of 1LOD control execution and ensure identified issues are escalated, remediated, and tracked through to closure.

• Serve as the primary point of contact for 1LOD control matters across Hong Kong and Singapore.

• Provide oversight of Risk Management team-related 1LOD controls across Hong Kong and Singapore, including churning reviews, market abuse reviews, cross-border reviews, and other relevant control activities.

• Lead and oversee Risk Management team members across onshore locations in Hong Kong and Singapore, as well as the offshore team in India, ensuring risk-related projects, initiatives, and business-as-usual activities are delivered to a high standard and within agreed timelines.

• Ensure the design and operating effectiveness of 1LOD controls owned or performed by the Risk Management team.

• Liaise with key stakeholders, including the Relationship Centre, Operations, Vendor Back Office, Compliance, and DCO, on control-related projects and initiatives.

• Coordinate internal and external audits, as well as regulatory enquiries, ensuring timely, accurate, and well-supported responses.

• Lead control-related projects and initiatives assigned by the Chief Operating Officer(s).

• Produce, review, and oversee Key Risk Indicator (KRI) reporting for Coverage staff.

• Act as the escalation point for identified deviations or issues, assessing materiality and determining appropriate reporting, remediation, or escalation actions.

• Chair risk-related governance forums and meetings, including CAC meetings and Market Head meetings.

• Manage day-to-day enquiries from the Relationship Centre, providing timely guidance and support on risk and control matters.

• Prepare and coordinate regulatory surveys and submissions to relevant regulatory authorities

• Oversee the remediation of long-outstanding deficiencies in coordination with the Relationship Centre and relevant control owners.

• Identify training needs and coordinate relevant training sessions for client-facing staff on 1st LOD control requirements.

• Lead and provide strategic direction to the Risk Management Tools team, including the migration of risk tools to strategic platforms and modern technologies, with appropriate adoption of AI-enabled solutions.

• Apply strong analytical skills to assess end-to-end processes, identify key risk areas, and determine applicable 1st LOD minimum control requirements.

• Demonstrate sound knowledge of AI technologies and their pragmatic application within risk management and control processes.

Your skills and experience:

• University degree with at least 10+ years of relevant experience in the Private Banking industry.

• Strong knowledge of products and services offered within Private Banking.

• Experience leading teams across multiple locations

• Good understanding of risk and control frameworks, with experience in risk assessments and the design or definition of new 1LOD controls.

• Quick learner, adaptable to change, and an effective team player.

• Self-motivated, with the ability to manage and deliver time-bound activities and projects independently.

• Willingness to learn and take on additional responsibilities with appropriate training.

• Strong interpersonal skills, with the ability to engage effectively with senior stakeholders and cross-functional teams.

• Demonstrated risk analysis, problem-solving, and decision-making skills.

• Prior experience leading projects and driving execution across multiple stakeholders.

• Good proficiency in Microsoft Office applications, including Word, Excel, and PowerPoint, with knowledge of building or maintaining intranet frameworks and SharePoint sites.

How we'll support you:

• Flexible working to assist you balance your personal priorities

• Coaching and support from experts in your team

• A culture of continuous learning to aid progression

• A range of flexible benefits that you can tailor to suit your needs

• Training and development to help you excel in your career

About us and our teams:

Deutsche Bank is the leading German bank with strong European roots and a global network. to see what we do.

Deutsche Bank & Diversity

We strive for a in which we are empowered to excel together every day. This includes acting responsibly, thinking commercially, taking initiative and working collaboratively.
Together we share and celebrate the successes of our people. Together we are Deutsche Bank Group.
We welcome applications from all people and promote a positive, fair and inclusive work environment.