Job Description:

Job Title: COO for Private Bank US Investment Products

Corporate Title: Director

Location: New York, NY

Overview

As Chief Operating Officer for the US Private Bank, Investment Products, you will work with various stakeholders across the investment product landscape, including Deposits, Discretionary Portfolio Management, and Capital Markets, to lead strategic change initiatives, to ensure operational excellence, and to maintain the strong control environment. You will be responsible to develop and implement solutions to improve efficiency, as well as to oversee business and administrative operations. You will be responsible to coordinate a variety of internal audits and external regulatory exams. You will lead a team of business managers and will partner with a variety of key stakeholders including finance, legal, compliance, product heads, technology, and operations.

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

Represent Private Bank US, Investment Products in a variety of governance forums
Responsible for non-compensation expense management and coordination of headcount requisitions
Oversee various projects to ensure timely and quality execution of deliverables
Lead coordination and prioritization of strategic change the bank initiatives
Manage and oversee a high performing team
Work closely with control functions to ensure policy and regulatory compliance.

How You’ll Lead

Sets clear direction for the team in line with overall business strategy balancing both global and regional priorities; manages performance systemically by considering delivery, behavior and conduct in equal measure, setting and communicating clear role expectations and qualitative and quantitative priorities, promoting accountability and removing impediments to success; ensures team members have regular and meaningful performance and career development discussions giving and listening to feedback; holds direct reports accountable for systems, processes and control management practices which are efficient, cost-effective and in line with Bank standards and regulatory expectations; ensures team decision-making processes are timely and place precedence on long-term considerations and client needs over the short term
Ensures each direct report has sufficient time and skills to perform the correspondent role and proactively manages and mitigates potential conflicts of interests; proactively manages performance and business practices to ensure alignment with the Banks goals, values and code of conduct and is clear on how to take action to ensure appropriate positive outcomes and negative consequences for individual employees
Fosters an inclusive team who can collaborate on topics to achieve optimal ideas and recommendations; advocates for speak up culture where team members are encouraged to express views and raise concerns; acts as an escalation channel ensuring matters are referred to the appropriate function within the Bank (i.e. Human Resources, Compliance, Anti-Financial Crime, Legal)

Skills You’ll Need

Experience as a business manager and/or COO capacity fostering continuous improvement of operations and infrastructure in wealth management
Extensive experience managing controls environment, resource planning, and business forecasting
Proven experience designing and implementing change management programs, responsibility for tracking execution and measuring success
Advanced experience in a supervisory capacity and implementing supervisory framework
Proven management experience setting direction for overall business strategy

Skills That Will Help You Excel

Bachelor’s degree required. Graduate degree is a plus
Ability to manage multiple priorities in a heavily matrixed environment
Ability to collaborate with senior leadership in areas inside and outside of the Private Bank
Knowledge of MS Office suite of products, including advanced excel and power point skills

Expectations

It is the Bank’s expectation that employees hired into this role will work in the New York 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 $160,000 to $260,000. 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!

Learn more about your life at Deutsche Bank through the eyes of our current employees: https://careers.db.com/life

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We strive for a culture 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.

Qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, protected veteran status or other characteristics protected by law. Click these links to view Deutsche Bank’s Equal Opportunity Policy Statement and the following notices: EEOC Know Your Rights; Employee Rights and Responsibilities under the Family and Medical Leave Act; and Employee Polygraph Protection Act.