Job Description

The Operations Expert provides in-depth technical knowledge and expertise covering complex policies, processes, products and regulatory requirements. They keep abreast of industry best practices, sharing knowledge with a range of internal stakeholders at all levels, regionally and globally as appropriate. They input to Business strategy as required. The Operations Expert represents the Bank by managing strong relationships with all relevant internal and external stakeholders e.g. industry forums, regulators, third party vendors, market participants and internal divisions e.g. IT, Legal or Product Management. They communicate all changes relating to operational requirements, which impact on relevant processes and controls; ensuring understanding by the relevant target audiences. The Operations Expert identifies analyses and reviews operational readiness for any change-related activities. They define the requirements e.g. for the standardisation of processes/policies, translating the required changes for an operational environment and overview effective implementation. They also assess the risks and are responsible for risk mitigation to protect the Bank\xe2\x80\x99s reputation. The Operations Expert acts as a Subject Matter Expert (SME), specialising in one of a number of disciplines which include Asset Services, Client, Payments, Branch Operations, Document & Confirmations, Collateral Management, Regulatory Operations, Trade & Transaction, Trade Finance, Tax, Reconciliation and Client Management.

Additional

Details of the Division and Team

Deutsche Bank\xe2\x80\x99s Private Banking business 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. This role will be part of Global Functions under the Operations team.

Your key responsibilities

• Oversee the regulatory reporting performed by the team and by the vendor on behalf of IPB APAC.
• Conduct reviews on all regulatory reporting requirements to ensure compliance with regulation in each jurisdiction (Completeness, Accuracy, Timeliness).
• Manage changes as required on issues flagged out on the reporting.
• Ensure that all new regulations and changes to existing regulations are identified and properly implemented in the bank.
• Provide assurance that effective processes and controls are in place to manage and perform the Regulatory Reporting tasks.
• Liaise and work in collaboration with counterparts in the different regions to ensure consistency and harmonization of approval on global issues.
• Escalate issues / red flags identified, which may result in late or incorrect regulatory submission to senior management for resolution and remediation.
• Participate in methodology reviews and implementation of any methodological changes.
• Participate in system enhancement IT and support process improvement projects.

Your skills and experience

• Minimum 5 \xe2\x80\x93 7 years of operations experience in the banking and financial sector.
• Individuals will require transaction reporting and/or regulatory reporting experience
• Good understanding of HKMA / MAS / BaFin / EU (i.e. MIFIR) / US regulatory requirements
• Familiarity with the requirements under the Common Reporting Standards (CRS) / FATCA
• Subject Matter Expert within the field of relevance e.g. Regulatory, Operations processes.
• Undergraduate degree from an accredited college or university
• Expert-level analytical skills, flexible regarding production problem solving.
• Experienced in effectively communicating with and positively influencing stakeholders and team members.
• Excellent communication skills. Fluent in English.
• Displays a high degree of control awareness, attention to detail and focuses on providing quality output.
• A strong team player and ability to work under pressure against tight timelines.
• The ability to take ownership of process, escalation and client query management.
• The ability to work in a fast-paced banking environment managing multiple priorities.
• Open minded, able to share information with peers and stakeholders within division and across divisions and regions.

Role is required to be performed on-site at One Raffles Quay office. Relevant vaccination requirements may apply.

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