Job ref no.: CT3127825-01#9035

DWS- Chief Risk Officer APAC

Deutsche Bank

Position Overview

Details of the Division and Team:


DWS Group (DWS) is one of the world's leading asset managers with EUR 700bn of assets under management (as of 31 March 2020). Building on more than 60 years of experience and a reputation for excellence in Germany and across Europe, DWS has come to be recognized by clients globally as a trusted source for integrated investment solutions, stability and innovation across a full spectrum of investment disciplines.


We offer individuals and institutions access to our strong investment capabilities across all major asset classes and solutions aligned to growth trends. Our diverse expertise in Active, Passive and Alternatives asset management –as well as our deep environmental, social and governance focus –complement each other when creating targeted solutions for our clients. Our expertise and on-the-ground-knowledge of our economists, research analysts and investment professionals are brought together in one consistent global CIO View, which guides our investment approach strategically.


DWS wants to innovate and shape the future of investing: with approximately 3,500 employees in offices all over the world, we are local while being one global team. We are investors –entrusted to build the best foundation for our clients' future.


DWS Risk is a significant key control function operating independently within the DWS Group. DWS Risk is a trusted advisor that steers appropriate risk taking, bringing value to the business, our clients and shareholders. Comprising ~85 FTEs spread globally and with specializations across the various risk stripes with a primary focus on investment risk (being core to the DWS product offering).


What we will offer you:


A healthy, engaged and well-supported workforce are 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 and non-contributory pension
  • 25 days annual leave plus generous number of public holidays
  • Life Assurance and Private Healthcare for you and your family
  • A range of flexible benefits including retail discounts, gym benefits, wellbeing incentives
  • The opportunity to support a wide ranging CSR program plus take volunteering leave days


Your key responsibilities:


1. The Regional Chief Risk Officer (RCRO) is primarily responsible for:
a) The measurement, aggregation and monitoring of risks undertaken by DWS Investments entities in APAC, specifically covering:

  • Hong Kong
  • Singapore
  • Australia
  • Taiwan
  • Japan
  • Korea
  • China

b) The implementation of and ongoing compliance with the policies and procedures and the development and implementation of processes and systems;


c) the management of risks and risk controls within the parameters of the risk-control framework, and the monitoring and testing of such risk controls; and


d) for reporting risks and risk-management deficiencies, and resolving such risk management deficiencies in a timely manner for DWS in APAC.


2. Oversight

  • In conjunction with the Global Risk Management Framework, implements and assesses the framework for DWS in APAC;
  • Determines together with relevant business and infrastructure heads the organisational infrastructure for risk assessment and management;
  • Oversees the resolution of risk management internal/external/regulatory findings within DWS in APAC;
  • Oversight of the risk management program for DWS in APAC including Functional Risk Officers (Financial and Non-Financial Risk Type owners and Controllers), who are obliged to bring any reports and issues concerning adherence to the DWS local, regional and/or Group risk management policies;
  • Serves as escalation point for risk management personnel for risk issues requiring resolution on the DWS Group Risk Committee or the Group AM CRO;
  • Establishes and enables appropriate engagement between DWS and DB AG Risk functions at Group and Regional levels;
  • Oversees the implementation and on-going maintenance of the Service Level agreement between Group Risk and DWS Risk;
  • Serves as the DWS escalation point for issues with services received or required from Group Risk;
  • Establishes core governing bodies such as (but not limited to) in the region: DWS APAC Risk, Capital & Control Forum;
  • Manages risks and risk controls for the DWS, including overseeing their monitoring and testing;
  • Accountable for delivery of remediation actions owned by DWS Risk;
  • Ensures the required expertise of Risk Management staff and the adequate independence of the function in DWS in APAC;
  • Monitors dispute resolution and 'live' disciplinary processes in cooperation with HR in the region;
  • Ensures the proper organisation of the function in the APAC region and ensures adherence to core organisational requirements as laid out in DB's Governance Fundamentals.

3. Responsibilities

  • Provides oversight of the risk management program for DWS IN APAC including leadership of all DWS APAC risk personnel and definition of risk strategies and objectives in the region;
  • Implements and ensures compliance with the risk management policies and procedures for the DWS in APAC;
  • Reports risks and risk-management deficiencies of DWS in APAC, and resolve such deficiencies in a timely manner;
  • Regularly informs the Global Chief Risk Officer and Senior Management including the DWS in APAC Board regarding the nature of and changes to material risks undertaken by DWS in APAC, including risk-management deficiencies and emerging risks for the entity;
  • Rejects (with the right and obligation to veto) or escalates to the DWS Global Chief Risk Officer, Global Chief Control Officer, Group AM CRO or DWS Regional Management any matters that may run counter to standards of DBAG or DWS or result in unnecessary risk;
  • Commissions MIS reporting/analysis in order to execute on DWS authorities and responsibilities, review risks and performance and initiate appropriate responses to identified issues
  • Interacts with regional regulators, and where appropriate, in conjunction with DB Group regional representatives to facilitate the regulatory review process to ensure DWS risk management framework is compliant with regional regulations;
  • Reviews strategies, policies and procedures established by DWS senior management for managing liquidity and financial risk;
  • Reviews and approves new products and business lines and evaluate the impact on risk profile;
  • Promotes the Bank's Corporate Governance requirements/standards and objectives.

4. Cross Divisional Responsibilities

  • Supports strategic and capital planning for DWS in APAC;
  • Supports DWS and DB Group leaders with defining key risk objectives and appetites for their respective areas;
  • Supports the adoption of Risk Culture in DWS in APAC;
  • Supports DWS business unit leaders with evaluating key risk considerations related to potential business decisions;
  • Supports and collaborates with Compliance and Legal leadership to manage regulatory risk issues and responses;
  • Provides advice and support to DWS's senior management, business divisions and other infrastructure functions with respect to area of expertise.

Your skills and experience:

  • Be degree qualified with a sound appreciation of key risk management principles;
  • Have an in depth knowledge of risk frameworks including their application;
  • Have a strong desire to innovate and enhance the functional activities for the betterment of DWS Group;
  • Have a focus on emerging risks; and be able to demonstrate a capacity to work in partnership across and with all areas of DWS.

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:

DWS is one of the World's leading global asset managers building on more than 60 years of experience and reputation for excellence in Germany and across the globe. As a stand-alone, publically listed asset manager DWS has come to be recognized by clients globally as a trusted source for integrated investment solutions, stability and innovation across a full spectrum of investment disciplines including Active, Passive and Alternatives asset management. Click to see what we do.

Deutsche Bank & Diversity


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.

Click to find out more about our diversity and inclusion policy and initiatives.

Interested parties please click Apply Now to apply job.

All applications applied through our system will be delivered directly to the advertiser and privacy of personal data of the applicant will be ensured with security.

More job information
Job ref no. CT3127825-01#9035
Salary
Job Function
Industry
Employment Term
  • Permanent
  • Full-time
Experience
  • 0 year - 5 years
Career Level
  • Non-management level
Education
  • Degree
Benefits
  • Competitive pay
  • Insurance plan
  • Medical plan