Position Overview

Operational Risk Management (ORM) sits within the Chief Risk Office (CRO) function, which has Group-wide responsibility for the management and control of all credit, market, operational, enterprise and liquidity risk and has the responsibility of continual development of methods for risk measurement, frameworks and creating a bank wide strong risk culture. 

The purpose of the ORM function is to ensure that the bank’s Operational Risk exposure is managed in-line with the group wide risk appetite and framework.

To achieve this ORM requires you as a Risk Manager to have the right balance of knowledge and experience to assess complex risks and intervene if they fall outside the bank’s risk appetite, showing your strong understanding of Transaction Processing Risk (TPR) and of the Operations business. This role will be key to the execution of oversight and governance activities, across multiple divisions.

What we’ll 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 centre.

You can expect:

Hybrid Working - we understand that employee expectations and preferences are changing. We have implemented a model that enables eligible employees to work remotely for a part of their working time and reach a working pattern that works for them

• Competitive salary and non-contributory pension

• 30 days’ holiday plus bank holidays, with the option to purchase additional days

• Life Assurance and Private Healthcare for you and your family

• A range of flexible benefits including Retail Discounts, a Bike4Work scheme and Gym benefits

• The opportunity to support a wide-ranging CSR programme + 2 days’ volunteering leave per year

Your key responsibilities

• Assist the TPR Oversight & Governance Head with the design and implementation of a comprehensive governance framework across the TPT function, ensuring alignment with the banks’ broader ORM strategy

• Define TPR procedures and protocols for governance forum reporting, and input into, policies, issue and event escalation and decision making/veto processes

• Support the development of TPR reporting frameworks that provide actionable information to senior stakeholders

• Collaborate with risk managers across 1st Line of Defence (1LoD) 2nd Line of Defence (2LoD) to synthesize TPR data into meaningful insights on the health of the control environment

• Act as a point of contact for TPR governance and regulatory related initiatives, which will require producing materials reflecting the tracking of TPR initiatives across the bank to ensure the Head of TPR function is aware and informed of key activities and may require representing the function in risk forums

• Management responsibilities for one Assistance Vice President

Your skills and experience

• Strong understanding of non-financial risks, particularly those related to transaction processing and associated operational controls

• Experience of working in a successful governance function

• A robust understanding of ORM principles and practices

• Demonstrable experience of developing strong relationships with business areas to facilitate successful risk management across the 3 Lines of Defence model

• Worked with Senior Stakeholders within a high-pressure dynamic environment

• Appreciation of the regulatory environment in the business and more broadly the regulatory perspectives on Transaction Processing Risk

How we’ll support you

• Training and development to help you excel in your career

• Flexible working to assist you balance your personal priorities

• We value diversity and as an equal opportunities’ employer, we make reasonable adjustments for those with disabilities such as the provision of assistive equipment if required (e.g. screen readers, assistive hearing devices, adapted keyboards)

About us

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

Deutsche Bank in the UK is proud to have been named in The Times Top 50 Employers for Gender Equality 2024 for five consecutive years. Additionally, we have been awarded a Gold Award from Stonewall and named in their Top 100 Employers 2024 for our work supporting LGBTQ+ inclusion.

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.