Operations Lead - Associate - Assistant Vice President

Job Title Operations Expert

Corporate Title Associate - Assistant Vice President

Location New York, NY

ALL ROLES TO BE CONSIDERED

Overview

Private Banking (PB) US Operations is part of the Central Europe and US region and provides operational support in the US to the Private Banking business in the areas of Discretionary, Trust Planning, Custody, Wealth Advisory, Brokerage and Lending as well as the Deposit business with a combined $70bn assets under management (AUM). Operations is responsible for managing middle and back-office services including the oversight of outsourced services to third party vendors as well as services offshored to other Deutsche Bank locations.

As an Operations Expert, you will be responsible for the oversight of securities and payments processing including the oversight of the internal and external vendors providing these services, the oversight and resolution of any related reconciliation breaks and will be involved in various projects to implement new processes or strengthen our control environment.

Beyond the usual operations processes knowledge required for this position, a solid understanding of accounting principles will be necessary to effectively work with vendor systems and finance teams for seamless transaction reporting and reconciliation.

As an Operations expert, you will be expected to proactively identify and raise operational risks as well as provide solutions to mitigate them as well as be required to participate in audit reviews and remediations as well as provide quantitative and qualitative reporting to different council and senior management.

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

• Provide endtoend oversight of vendor and offshore teams responsible for daily processing, controls, and reconciliations across securities, payments, and operational workflows
• Monitor the overall control environment, ensuring timely identification, escalation, and remediation of any gaps or operational risks
• Serve as the primary liaison for business stakeholders, managing inquiries, issue escalations, and crossfunctional coordination with Front Office, Risk, Compliance, Legal, and Technology
• Drive operational governance, including KPI/KRI reviews, service-level monitoring, and performance assessments of external service providers
• Lead audit engagements (internal and external), coordinating evidence gathering, drafting responses, and ensuring timely closure of findings
• Own regulatory, risk, and senior leadership reporting, preparing detailed presentations, dashboards, and status updates for management committees
• Oversee and execute strategic and tactical projects, including process redesign, control enhancements, new product approvals, and regulatory-driven initiatives
• Facilitate continuous improvement by assessing vendor/offshore performance, identifying opportunities for automation or efficiency, and promoting best practices across the operating model

Skills You'll Need

• Strong understanding of securities and payment processing across asset classes (Equities, Fixed Income, FX, Structured Products, Funds, Alternatives)
• Solid foundation in accounting principles and experience working with finance, ledger systems, and transaction reporting
• Demonstrated ability to provide governance and oversight over vendor and offshore teams, including performance monitoring and control validation
• Strong grasp of operational risk, controls, and reconciliation frameworks, with the ability to identify gaps and drive remediation
• Experience managing business stakeholders across Front Office, Risk, Compliance, Legal, and Technology
• Strong issue management skills, including rootcause analysis, escalation handling, and crossfunctional coordination
• Proven experience supporting or leading audits, including documentation, evidence preparation, and closure of findings
• Ability to prepare and present senior leadership reporting such as dashboards, KPIs/KRIs, risk updates, and executive summaries
• Strong project management expertise, including process improvement, control enhancement, vendor transitions, and regulatory initiatives
• Advanced Excel skills and ability to work with large datasets for analysis and reporting
• Understanding of US regulatory requirements, including Fed/OCC filings and operational reporting needs
• Excellent communication, stakeholder management, and presentation skills

Skills That Will Help You Excel

• Bachelor's degree in Accounting, Finance, Business, or a related field
• FINRA certifications (e.g., Series 7, Series 99)
• Experience with Private Banking products (DPM, Brokerage, Custody, Trust, Lending)
• Familiarity with vendor oversight frameworks and outsourced service models
• Ability to thrive in a fastpaced environment, manage competing priorities, and support highvisibility initiatives

Expectations

It is the Bank's expectation that employees hired into this role will work in the New York, NY 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 $80K to $110K. 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 viewDeutsche Bank's Equal Opportunity Policy Statementand the following notices:EEOC Know Your Rights;Employee Rights and Responsibilities under the Family and Medical Leave Act; andEmployee Polygraph Protection Act.