Regional head of DWS Control Office

Deutsche Bank



New York, NY


Position summary

Regional head of DWS Control Office

| | | | --- | --- | | **Job ID:**R0292105 | Full/Part-Time: Full-time | | Regular/Temporary: Regular | Listed: 2023-09-18 | | Location: New York |

Position Overview

Employer:             DWS Group

Title:                      Regional Head of DWS Control Office

Location:               New York, New York

Job Code:              #LI-LV1 #LI-04

About DWS:

Today, markets face a whole new set of pressures – but also a whole lot of opportunity too. Opportunity to innovate differently. Opportunity to invest responsibly. And opportunity to make change.

Join us at DWS, and you can be part of an industry-leading firm with a global presence. You can lead ambitious opportunities and shape the future of investing. You can support our clients, local communities, and the environment.

We’re looking for creative thinkers and innovators to join us as the world continues to transform. As whole markets change, one thing remains clear; our people always work together to capture the opportunities of tomorrow. That’s why we are ‘Investors for a new now’.

As investors on behalf of our clients, it is our role to find investment solutions. Ensuring the best possible foundation for our clients’ financial future. And in return, we’ll give you the support and platform to develop new skills, make an impact and work alongside some of the industry’s greatest thought leaders. This is your chance to achieve your goals and lead an extraordinary career.

This is your chance to invest in your future.

Read more about DWS and who we are here.

Team / Division Overview

The US DWS Divisional Control Office (DCO) is a central Business function mandated to design effective and adequate framework of internal Business controls in collaboration with the business and infrastructure functions, support risk owners in the implementation of their respective framework and controls, to represent Business in various Groups and DWS fora (https://e.g. Americas OpCo, MRC, RCC) and oversee the implementation of the NFRM framework, as (per the minimum standards) defined by the relevant 2LoD.

Role Details  

As a Senior Team Manager DWS Control Officer, you will (be):

  • Represent and serve as the primary point of contact for the entire DWS business control function in the Americas

  • Manage a team and oversee control-related activities, including risk and control assessments, provide control related due diligence to foster a proactive culture.

  • Oversee the regional organization on regulatory and control activities

  • Represent DWS Americas business control function in the relevant committees and forums (DWS Operating Council (OpCo), US Remediation SteerCo, MRC,…)

  • Oversee and lead monthly committees and forums, regulatory related initiatives and ad hoc presentations

  • Lead Divisional Control Management Americas for Risk control projects including regulatory and exam support which includes providing controls oversight and guidance to business partners.

  • Oversee for regulatory coordination and remediation efforts and liaise with Internal Audit to review the schedules, status of engagements and potential areas of concerns.

  • Review the adequacy of controls and identify areas requiring additional attention.

  • Ensure strong coordination of risk-activities across the region as a key partner of all business units and control functions

  • Lead business control reviews and audit results and helps remediation

  • Leads the design, development and implementation of effective internal controls and required remediation programs

  • Oversee the regional dynamic Risk & Control Assessments

  • Track issues and action plans to ensure progress toward planned completion dates. Promote zero tolerance for overdues.

  • Monitor established control KPIs, challenge risk assessments and priorities remediation steps

  • Drive consistent and rigorous control programs, including control committees, risk mitigation, key risk indicators, key risk performance indicators, control design and effectiveness evaluation and testing.

  • Review and sign-off of closure for F3 and F4 findings submitted by the Business

  • Identify control gaps, evaluate and redesign as required

  • Challenge the adequacy/effectiveness of the control environment and remediation plans

  • Advise and consult the Business on design, development and implementation of effective and adequate internal controls and required remediation programs

  • Lead and motivate a team and provide ongoing feedback and training to develop employees

  • Partner effectively with colleagues across the firm, business, legal, compliance, risk, audit and regulators to drive regulatory driven initiatives.

We are looking for: 

  • Bachelor’s degree or equivalent in Business Administration, Business Law, Finance, Economics, Accounting or related field

  • 15+ years of financial services experience in business control management, compliance, audit, quality assurance or risk management

  • Demonstrate confident leadership with sound judgement and ability to multitask, work well under pressure with commitment to deliver under tight deadlines. Demonstrate ability to influence.

  • FINRA licenses 7, 24 a plus

  • Knowledge of asset management regulations a plus

  • Knowledge / experience with regulators (FED, SEC, FINRA) a plus

  • Experience with implementing effective control environment especially in the Financial Services industry

  • Extensive experience in business control management, non-financial risk management or operational risk management and demonstrable familiarity with regulatory environment

  • Outstanding ability to analyze problems with keen attention to detail

  • Work autonomously to affect change adaptable to shifting priorities. Manage competing priorities to achieve the most effective result and ability to work in a fast paced, results driven environment.

  • Exceptional communication (oral and written) with high degree of comfort communicating with senior management and ExBo members.

What we’ll offer you:

At DWS we’re serious about diversity, equity and creating an inclusive culture where colleagues can be themselves sand it’s important to us that you enjoy coming to work - feeling healthy, happy and rewarded. At DWS, you’ll have access to a range of benefits which you can choose from to create a personalized plan unique to your lifestyle. Whether you’re interested in healthcare, company perks, or are thinking about your retirement plan, there’s something for everyone.

The salary range for this position in New York City is $196,000 to $275,000.  Actual salaries may be based on a number of factors including, but not limited to, a candidate’s skill set, experience, education, and other qualifications.  Posted salary ranges do not include incentive compensation or any other type of renumeration

Some of our core benefits:

  • Competitive Salary and Matched 401K Savings Plan

  • Generous Paid Time Away plus Bank Holidays

  • Physical and Mental Health Well-Being benefits including (but not limited to) Health & Life Insurance Plans and the support of trained Mental Health First Aiders

  • Family friendly benefits including generous parental leave packages (supporting all variations of family set-ups), to healthcare plans and travel insurance

  • The opportunity to support our CSR strategy which is focused on combatting climate change & achieving greater social justice. You can make donations to our partnered organizations or take part in corporate volunteering opportunities in your local communities by providing on hand support.

DWS’ Hybrid Working model is designed to find the right balance between in-person collaboration and engagement in the office, which is core to our working culture, and working from home. Each business group varies on the split between time spent in the office and at home, but this will be discussed and made clear as part of your application and interview process. We will continue to review and evolve our working environments and methods to ensure that we are working in the best way possible for our people.

If you require any adjustments or changes to be made to the interview process for any reason including, or related to a disability or long-term health condition, then please contact your recruiter and let them know what assistance you may need. Examples of adjustments include providing a change to the format of the interview, or providing assistance when at the DWS office. This will not affect your application and your recruitment team will discuss options with you. 

Privacy Statement

The California Consumer Privacy Act outlines how companies can use personal information. Click here to view DWS’ Privacy Notice.

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.

Why you should apply for a job to Deutsche Bank:

  • 4.6/5 in supportive management

  • 60% say women are treated fairly and equally to men

  • 71% say the CEO supports gender diversity

  • Ratings are based on anonymous reviews by Fairygodboss members.
  • We offer a hybrid working model, allowing for in-office / work from home flexibility, generous vacation, personal and volunteer days.

  • Our compensation package includes health and wellbeing benefits, retirement savings plans, parental leave, and family building benefits.

  • We're committed a diverse and inclusive environment that embraces change, innovation, and collaboration.