Regulatory Optimization specialist, AVP

Role Description

• At DWS, were capturing the opportunities of tomorrow. You can be part of a leading, client-committed, global Asset Manager, making an impact on individuals, communities, and the world.
• Join us on our journey, and you can shape our transformation by working side by side with industry thought-leaders and gaining new and diverse perspectives. You can share ideas and be yourself, whilst driving innovative and sustainable solutions that influence markets and behaviours for the better.
• Every day brings the opportunity to discover a new now, and here at DWS, youll be supported as you overcome challenges and reach your ambitions. This is your chance to lead an extraordinary career and invest in your future.

Team / division overview

The DWS Control Office (DCO) is the central business function mandated to design an effective framework of business processes and controls in collaboration with the DWS business units and enabling functions. The activities of the DCO spans across the entire DWS value chain, including all product groups, business processes and regions and includes:

• Determining business risk profile for different product groups, business processes, regions or DWS group as a whole,
• Leading the business units through the execution of business risk and control assessment processes,
• Providing transparency to DWS Executive Board and Senior Management on weaknesses in DWS control environment and required remediating actions,
• Designing and implementing an effective framework to analyse and implement business processes and business controls,
• Leading and/or overseeing central remediation initiatives with the aim of improving DWSs business processes and control environment.

Your key responsibilities

This specific role is to act as EPM Regulatory & Optimization specialist reporting to EPM Regulatory & Optimization lead.

Objective of EPM (Enterprise Process Management) practice is to support DWS divisions in building a holistic Business Process Management function, including the management of related controls as well as other infrastructure artifacts. The DWS Controls Management framework, which is closely connected to the EPM framework, aims to guide the DWS Divisions in identifying control needs as well as to develop, maintain and track the effectiveness of controls linked to the business processes.

Within that team, the EPM Regulatory & Optimization specialist will contribute to designing and implementing evolutions to the framework (new requirements, regulations, proposing conceptual improvements) and define components of a Process Optimization framework and methodology for the company. This role supports the EPM Regulatory & Optimization lead.

As a Regulatory & Optimization specialist you will (be):

• Support the development, implementation, maintenance and continuous improvement of the DWS EPM framework, in particular the approach to fulfil regulatory requirements and define process criticality.
• Using assumptions formulated by the EPM Regulatory & Optimization lead for the identification of processes weaknesses and process improvements aimed to address such weaknesses, test the hypothesis on a selected range of processes
• Support DWS divisions in identification and assessment of process risks,
• Coordinate with regulatory initiatives and internal projects (including e.g. Enterprise Data Management, Operational Resilience) with respect to consistent process identification and criticality assessment activities, especially by testing approaches developed with these teams for feasibility
• Detail requirements for the design and implementation of controls management framework to ensure consistency with process management activities.
• Support the development of a Process Optimization framework / methodology and toolkit to be used by Divisions to improve their processes
• Prepare insights for the organization (divisional COOs, Executive and Supervisory Board) on potential for improvement and improvement initiatives to launch.

Your skills and experience

• University degree ideally in Finance, Economics, Business Administration, Mathematics or equivalent
• At least 3 years experience in banking and/or asset management, preferrable in Process Management, Business Architecture and/or Control Management related activities
• Solid domain knowledge in the Asset Management / Banking industry, in particular with respect to regulatory frameworks and industry standards
• Excellent communication skills to effectively communicate with internal and external stakeholders (to Senior Management / Regulators)
• Process modeling experience (e.g. BPMN) or other BPM / Operational excellence certification are considered a plus.
• Direct and/ or indirect experience in operational risk management or controls management in either 1st or 2nd Line of Defense are considered a plus
• Proficient in MS PowerPoint, Excel, and Word, experience with a Business Process Management Tool is considered a plus
• Strong written and verbal communication skills in English