Regulatory Client Classification - Associate - Associate

Deutsche Bank is a global investment bank that provides financial services to clients worldwide. The Regulatory Client Classification Associate will be responsible for understanding and monitoring various US regulations, supporting daily monitoring and control reporting, and collaborating with stakeholders such as Compliance and Legal to ensure compliance with regulatory requirements.

Responsibilities

• Fully understand and be able to provide knowledge ownership of US regulations, such as, Commodity Futures Trading Commission Dodd Frank, Securities and Exchange Commission Swap Based Securities Dodd Frank, Volcker, Reg W, FINRA 2111, FINRA 4210, Reg D/QIBs, Foreign Bank Certificates, 15a6 and Reg O Business Management etc
• Work with Compliance and Legal on exception and/or escalations cases and see them through to completion
• Review and Quality Assurance sample of Run-the-Bank (RTB) cases to ensure regulations are being implemented correctly
• Management of daily control reports which includes working with offshore teams to investigate and analyse the exceptions, identify remediation steps, and follow up with internal or external stakeholders until exceptions are resolved
• Responsible for creating and/or updating Key Operating Procedures (KOP) and incorporating new regulatory changes as needed
• Work with Client Onboarding (COB) team members when exceptions are identified to see through resolution and training of COB team members for any new regulatory changes

Skills

• Fully understand and be able to provide knowledge ownership of US regulations, such as, Commodity Futures Trading Commission Dodd Frank, Securities and Exchange Commission Swap Based Securities Dodd Frank, Volcker, Reg W, FINRA 2111, FINRA 4210, Reg D/QIBs, Foreign Bank Certificates, 15a6 and Reg O Business Management etc
• Work with Compliance and Legal on exception and/or escalations cases and see them through to completion
• Review and Quality Assurance sample of Run-the-Bank (RTB) cases to ensure regulations are being implemented correctly
• Management of daily control reports which includes working with offshore teams to investigate and analyse the exceptions, identify remediation steps, and follow up with internal or external stakeholders until exceptions are resolved
• Responsible for creating and/or updating Key Operating Procedures (KOP) and incorporating new regulatory changes as needed
• Work with Client Onboarding (COB) team members when exceptions are identified to see through resolution and training of COB team members for any new regulatory changes
• Motivated and self-starter is a must
• Ability to think not only in black and white but also be able to think analytically in grey areas by utilizing resources at hand (i.e., KOP, reading through regulations etc.)
• Ability to work in a non-structured environment, knowing what task the next priority is without being told
• Knowledge/exposure of US regulations within an operational or control department within a banking environment, or within a similar operational regulatory function
• Knowledge and/or experience in a financial institution. Understanding of the workings of an investment bank and the lifecycle of a trade is a plus. Knowledge of Client Onboarding and Regulators is a plus
• Knowledge of MS suite of products, including the ability to use basic Excel functions such as pivot tables, VLOOKUPs, etc
• Competent business user of MS products and Outlook. Internet liberate to enable online searches. Must know MS Excel
• Knowledge of Markit ISDA Amend is a plus
• Knowledge of Reference Data Systems and Regulations along with product and end-to-end system knowledge is a plus

Benefits

• 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

Company Overview