Head of Regulatory Advisory, Australia - Director

Job Description:

Deutsche Bank Compliance Vision Statement

To ensure effective Compliance risk management, the Bank and its management must ensure the presence of a Compliance Department that is: independent; adequately resourced (quantity and quality), both in human and technological terms; able to freely access senior management and the governing bodies; able to access any necessary corporate resource and information; and be able to escalate issues as necessary.

What we will offer you:   

A healthy, engaged and well-supported workforce is 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 with superannuation paid over and above fixed pay
• 4 weeks annual leave, plus one week additional leave*, one week wellbeing leave* and the option to purchase leave (*subject to eligibility criteria)
• Salary packaging for car parking, motor vehicles, taxis and superannuation
• Parental leave benefits including 26 weeks paid leave for primary carer and 16 weeks paid leave for non-primary carer and Childcare Assistance Payment
• A range of benefits including online employee discount program, annual flu vaccinations, discounted private health insurance, employee referral program
• Insurance cover for life, total disablement and salary continuance
• Executive health checks for Directors and Managing Directors
• Matched giving and paid volunteer leave

Overall Purpose and Key Responsibilities of the Country Compliance Officer:

• Identify, assess, advise, monitor and report on the regulatory and compliance risks for their assigned Deutsche Bank country branch
• Manage the Bank’s regulatory and compliance risks, and develop and maintain an appropriate internal control framework
• Protect Deutsche Bank against Compliance risks which may include client detriment, regulatory sanctions, financial loss and reputational damage
• Advise staff across the Bank on ethical conduct, and external regulatory challenges
• Manage country regulatory relationships ensuring appropriate support and escalation partner with the business in understanding and managing related risks and controls.

The Country Compliance Officer will advise the Business and Infrastructure teams about Compliance-related matters. He/she is responsible for the following tasks:

1.    Support senior management and employees of Deutsche Bank in understanding and managing:

• the application of Deutsche Bank’s ethical standards and professional principles
• general compliance with the relevant laws, rules, regulations, directives and DB Group standards across the activities and business operating model of the assigned country, that fall under the Compliance risk types
• the prevention and escalation of issues, incidents and breaches relating to Compliance
• the implementation of processes and procedures regarding abuse of assets, systems, information or procedures, for example those involving Confidential Information and Price Sensitive Information (PSI)
• cross-border compliance related matters. 

2.   Ensure implementation and maintenance of adequate policies and procedures with clarity of accountability and ownership across the first and second lines of defence; ensure such documents support the local country requirements, local management and staff in complying with all related legal and regulatory obligations, relevant Deutsche Bank Group standards as well as best practices and integrity standards applicable to their activities. 

3.   Report regularly to the relevant governance functions (or equivalent local committees) and, where necessary, Regulatory Authorities on Compliance matters, amongst others, indicating whether:

• any significant risk exposures and material incidents of non-compliance have been identified
• appropriate measures have been taken to address any gaps or deficiencies
• the Compliance frameworks (structure and processes) are adequate, effective and in line with legal, regulatory and Deutsche Bank Group requirements.

4.   Undertake and be actively involved in proactive and reactive management and escalation of all Compliance risks, issues and breaches, for example, conducting risk assessments.

5.   Develop/Maintain the internal control framework to ensure adequate monitoring and control measures are implemented to ensure compliance with laws, rules, regulations and internal controls in accordance with agreed policy and methodology; report and manage any findings or issues, and support management in their identification of appropriate remedial action plans. 

6.   Participate in, and provide compliance support to, relevant projects ensuring adherence to related standards, mitigation of associated risks and strong stakeholder consideration particularly focussed on the client or customer. 

7.   Liaise with Compliance senior management within DB Group to ensure appropriate reporting and escalation of issues and/or incidents. 

8.   Provide compliance advice regarding development of new products in line with appropriate processes and procedures; ensure clear demarcation of such advice from that of other control functions.

9.   Support a compliance aware culture within the assigned country, including regular and appropriate local education, training and awareness by leveraging related global initiatives. 

10.  Participate in local and global Compliance projects instigated by Deutsche Bank Group.  Provide local and regional support to the Regional and Global Compliance management teams, as and when required.  Ensure local implementation of any country, regional or global Compliance projects and programs in conjunction with the relevant regional leads.

11.  Act as a direct contact point for Deutsche Bank country staff to confidentially raise concerns in relation to compliance matters or when improper or illegal activities are suspected (e.g. conflicts of interest, money laundering, market abuse etc.)

12.  Provide local and regional support to the Regional and Global Compliance management teams, as and when required. 

Experience / Qualification

• Familiar with Compliance related laws and regulations, including international and European laws
• Excellent knowledge of banking and investment products preferred
• Project management skills for managing local Compliance projects in close collaboration with the businesses and to support the rollout of projects initiated by global Compliance – desirable but not essential
• Possesses and demonstrates integrity and discretion
• Strong Compliance risk management experience, with a strong knowledge of local regulatory framework and constituent laws/rules.
• Good/established relationship with the local regulators.
• Established knowledge of Compliance topics and key risk themes.
• Strong written and other communication skills.
• Preferred - Ten years’ experience working for an Investment Bank in a senior position with leadership capabilities, and ability to manage a team and influence/facilitate decision making.
• Confident and effective in managing senior and other key stakeholders within and outside of Deutsche Bank Group.
• Team player and able to collaborate and communicate effectively with stakeholders across the 3 lines of defense.
• Preferred - over 10 years prior Compliance or similar experience within a Global Investment Bank.  Alternatively, similar relevant experience with a Regulator.
• Degree/post-graduate qualifications in a relevant discipline.

Skills

• Able to absorb issues arising from a wide span of control and demonstrate sound judgment
• Excellent at managing people and relationships
• Excellent at advising senior management with great skill, with a high level of executive presence, knowledge and stature to provide advice that will be respected and valued by business unit leaders, corporate leaders and other constituencies
• Strong at influencing thinking and behaviors broadly across the organization, with the highest level of integrity and the ability to balance commercial objectives with the exercise of independent and prudent judgment
• Able to raise sensitive or potentially contentious issues in a constructive manner to reach appropriate solutions
• Excellent at setting clear objectives and driving for results, for example facilitating the creation of processes, systems, and disciplines that embed behaviors in the organization that ensure compliance
• Able to identify issues and solutions or opportunities, as well as to build efficacy in compliance programs
• Able to motivate employees, building teams and fostering relationships that engender a sense of shared objectives and accountability. The ability to recruit, develop, and retain team members while operating successfully in a matrix environment is critical

Attributes Behaviour

• Strong leader.
• Ability to liaise effectively and build “trusted adviser” relationship with senior management.
• Attention to detail.
• Persistence in dealing with issues.
• Prepared to make difficult decisions.
• Ability to deal with challenging situations.
• Ability to develop team and bring out best in team members.

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. click here to see what we do.

Deutsche Bank & Diversity

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.

If you are a trans or gender diverse applicant and require support or a confidential contact during the hiring process please email dbPride.AusNZ@db.com