Regulatory Advisory Specialist

Job ID:R0335659 Listed: 2024-06-07

Regular/Temporary: Regular

Location: Sydney

Details of the Division and Team:

Deutsche Bank is one of the world’s leading international financial services providers.

The operations of DB include the following business groups:

• Corporate Securities and Banking;
• Asset and Wealth Management;
• Global Transaction Banking.

Deutsche Bank in Australia has approximately 350 representatives operating within these businesses plus infrastructure functions.

Deutsche Bank Compliance looks to protect the Bank by:

• advising on ethical conduct and identifying regulatory solutions;
• safeguarding integrity and reputation; and
• promoting, in partnership with the business, a culture of Compliance.

Compliance does this by:

• establishing clear standards of behaviour and policies to uphold them;
• addressing risks and devising mitigation strategies;
• advising and training staff so they observe the highest ethical standards and all relevant laws and regulations, both in letter and in spirit;
• monitoring adherence to the rules, policies and standards of behaviour; and
• maintaining an open dialogue with regulators and law makers.

Whilst first and foremost an independent control function, Compliance focuses on supporting and advising the Bank’s businesses to ensure their activity is carried out in a lawful and ethical way.

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 16 weeks paid leave for both primary and secondary 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

Your key responsibilities:

The successful candidate will be involved in all aspects of compliance support for Deutsche Bank’s institutional markets business, incorporating listed product sales and trading, FX, Rates, Credit, Structuring, Research, Institutional Client Group (Sales) and Treasury businesses.

Key responsibilities:

• Support and facilitate Compliance initiatives, projects and tasks impacting Markets businesses.
• Collaborating with the business and other compliance personnel to establish and maintain for Markets, an integrated compliance and supervisory framework.
• Providing timely responses to general and complex questions on a broad range of policies, procedures, regulations and firm requirements, with respect to sales practices, best practices, operations, products and trading including responding to regulatory matters and enquiries.
• Advise and assist business and infrastructure functions on compliance matters and issues, including advising on the regulatory, compliance and other implications for new business initiatives with an ability to develop solutions that meet various internal and external requirements.
• Assist in the delivery of risk analysis and the carrying out of L2 Monitoring, Control and Testing (MCT) relying on MCT and other resources.
• Acting as a regulatory contact point, assist in the maintenance of regulatory relationships and respond to regulatory enquiries.
• Identifying regulatory trends and developments that impact Markets’ businesses.
• Participate in relevant local, regional and/or global forums and committees to provide relevant information and determine appropriate strategies and priorities.
• Promote relationships with relevant Business Managers, Divisional Control teams, AFC and other Infrastructure functions.
• Communicate appropriate Management Information to inform Markets’ management of relevant matters in a timely way.
• Liaise with industry peers and professional associations to contribute the market policy and ensure DB’s practices are consistent with market practice.
• Contribute to and develop local and global Compliance policies and procedures.
• Prepare and deliver appropriate face-to-face training for relevant front and back-office staff.
• Oversee the management of client complaints.

The Compliance Department at Deutsche Bank champions a culture of Compliance within the businesses it supports. To run a Banking and Financial Services business in every region Deutsche Bank operates, Deutsche Bank does so by virtue of the licenses it holds. Compliance supports its first line businesses in compliance with licence conditions, associated laws, regulations, rules and regulator expectations.

Your skills and experience:

• Possess a minimum of 5 years Compliance (including in a Markets role) experience within a financial institution, regulator and/or within a similar environment.
• Possess a sound working knowledge of Australian regulatory framework (including Market Integrity Rules) and relevant bodies.
• Be equipped to communicate clearly and effectively on all matters with key stakeholders at all levels including senior management and externally.
• Be able to act as a strong collaborative team member to enable the open exchange of ideas and effective decision making.
• Possess proven organisational skills, including an ability to influence outcomes and prioritise effectively.
• Be able to exercise sound judgment whilst generating new ideas and challenging the status quo.
• Be able to work collaboratively with multiple stakeholders, including other Compliance personnel, Anti- Financial Crime, Legal, Audit, Technology, Finance, Risk Management and other internal business partners.
• Be able to make, support and defend difficult and complex regulatory/compliance decisions in a fast-paced and high pressure environment.

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.

Our values define the working environment we strive to create – diverse, supportive and welcoming of different views. We embrace a culture reflecting a variety of perspectives, insights and backgrounds to drive innovation. We build talented and diverse teams to drive business results and encourage our people to develop to their full potential. Talk to us about flexible work arrangements and other initiatives we offer.
We promote good working relationships and encourage high standards of conduct and work performance. We welcome applications from talented people from all cultures, countries, races, genders, sexual orientations, disabilities, beliefs and generations and are committed to providing a working environment free from harassment, discrimination and retaliation.

Visit Inside Deutsche Bank to discover more about the culture of Deutsche Bank including Diversity, Equity & Inclusion, Leadership, Learning, Future of Work and more besides.