Head of Compliance

Head of Compliance – Switzerland Job ID:R0318460 Full/Part-Time: Full-time Regular/Temporary: Regular Listed: 2024-04-03 Location: Zurich Position Overview Details of the role and how it fits into the team

As a 2nd Line of Defence (LOD) function, Compliance seeks to protect the licenses of Deutsche Bank (“DB” or the “Bank”) to operate by promoting and enforcing adherence with laws, regulations, rules, expectations of regulators, the standards of self-regulatory organizations, and codes of conduct / ethics in connection with the Bank’s regulated activities, and driving a culture of compliance and ethical conduct in the Bank. Compliance also seeks to provide independent, proactive and forward looking challenge and advice to senior managers as well as all employees. 

The Compliance Head of Switzerland is responsible for the Compliance Advisory activities in Switzerland. 

The role-holder covers all DB businesses in Switzerland (i.e. Private Bank, Corporate Bank and Investment Bank and leads a team of Compliance specialists.

The Compliance Head of Switzerland ensures that all relevant policies, procedures, systems and controls are implemented effectively, all relevant legal, regulatory and DB Group requirements are met and any Compliance -related risks are appropriately addressed and mitigated. The role-holder is also responsible for the identification, assessment, advice on, monitoring, control and reporting on the applicable laws, rules and standards relevant to the DB activities in Switzerland.

The Compliance Head of Switzerland is the direct point of contact for DB staff on Compliance matters in Switzerland.

Your key responsibilities

• Chief Compliance Officer for Deutsche Bank Suisse and key member representing Compliance on local Boards and governance committees.
• Support senior management and employees of Deutsche Bank in understanding and managing:

• the application of DB’s ethical standards and professional principles
• general compliance with the relevant laws, rules, regulations, directives and DB Group standards across the activities and business operating model of the assigned country, that fall under the Compliance risk types
• the prevention and escalation of issues, incidents and breaches relating to Compliance
• the implementation of processes and procedures regarding abuse of assets, systems, information or procedures, for example those involving Confidential Information and Price Sensitive Information (PSI)
• cross-border compliance related matters. 

• Ensure implementation and maintenance of adequate policies and procedures with clarity of accountability and ownership across the first and second lines of defence; ensure such documents support Switzerland specific requirements, local management and staff in complying with all related legal and regulatory obligations, relevant Deutsche Bank Group standards as well as best practices and integrity standards applicable to their activities. 
• Report regularly to governance functions (e.g. committees) and, where necessary, Regulatory Authorities on Compliance matters, amongst others, indicating whether:

• any significant risk exposures and material incidents of non-compliance have been identified
• appropriate measures have been taken to address any gaps or deficiencies
• the Compliance framework (structure and processes) is adequate, effective and in line with legal, regulatory and Deutsche Bank Group requirements.

• Undertake and be actively involved in proactive and reactive management and escalation of all Compliance risks, issues and breaches, for example, conducting risk assessments.
• Monitor and test compliance with laws, rules, regulations and internal controls in accordance with agreed policy and methodology; report and manage any findings or issues, and support management in their identification of appropriate remedial action plans. 
• Participate in, and provide Compliance support to, relevant projects ensuring adherence to related standards, mitigation of associated risks and strong stakeholder consideration particularly focused on the client or customer. 
• Liaise with Compliance, control partners and senior management within DB Group to ensure appropriate reporting and escalation of issues and/or incidents. 
• Support a compliance aware culture, including regular and appropriate local education, training and awareness by leveraging related global initiatives. 
• Participate in local and global Compliance projects
• Act as a direct contact point for Deutsche Bank Switzerland staff to confidentially raise concerns in relation to Compliance matters or when improper or illegal activities are suspected (e.g. conflicts of interest, market abuse etc.).
• Provide local and regional support to the Regional and Global Compliance management teams, as and when required. 
• Develop and maintain the Internal Control Framework to ensure adequate monitoring and control measures are implemented, report on any findings and advise management on remedial actions to take.
• Ensure local implementation of any country, regional or global Compliance projects and programs in conjunction with the relevant regional leads. 
• Provide input for MI reports requested by Regional and Global Compliance.

Your skills and experiences

Experience:

• At least 10 years’ experience, ideally in a similar senior position with extensive experience in Compliance or a control related function within an international organization/bank in the Financial Services industry
• A strong track record in risk and regulatory matters, ideally including:

• Solid understanding of Compliance risks and typologies in order to identify areas or instances of potential Compliance risks and to address them appropriately
• Prior experience of acting as regulatory liaison with regards to Compliance matters
• Any other experience required under the various appropriate regulations/laws and related circulars.

• Excellent understanding of investments and financial products
• Proven leadership ability, including skills to build, develop and coach a team.

Skills:

• Fluent in English, as well as in French or German
• Able to absorb issues arising from a wide span of control and demonstrate sound judgment
• Excellent at managing people and relationships
• Excellent at advising senior management with great skill, with a high level of executive presence, knowledge and stature to provide advice that will be respected and valued by business unit leaders, corporate leaders and other constituencies
• Strong at influencing thinking and behaviours broadly across the organization, with the highest level of integrity and the ability to balance commercial objectives with the exercise of independent and prudent judgment
• Able to raise sensitive or potentially contentious issues in a constructive manner to reach appropriate solutions
• Excellent at setting clear objectives and driving for results, for example facilitating the creation of processes, systems, and disciplines that embed behaviours in the organization that ensure compliance
• Able to identify issues and solutions or opportunities, as well as to build efficacy in compliance programs
• Able to motivate employees, building teams and fostering relationships that engender a sense of shared objectives and accountability. The ability to recruit, develop, and retain team members while operating successfully in a matrix environment is critical

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.
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