Job Title Fixed Income & Currencies (FIC) Business Control Officer – 1st Line of Defence (1LoD) Operational Risk Manager

Location London

Corporate Title Associate/ Vice President

The Fixed Income and Currency (FIC) Central Business control Unit (BCU) is a global function of the 1LoD responsible for the development, implementation and monitoring the non-financial risk framework (NFR). The team interfaces between the 2nd and 3rd Line of Defence, Divisional Control Office (DCO) Functions and to the Regulators for 1LoD concerns. The function runs a complex change agenda in addition to meeting regulatory governance and reporting.

You will work alongside Business Management and BCU functions. The FIC division spans multiple products and markets including Global Foreign Exchange, Rates, Global Emerging Markets, Counterparty Portfolio Management, Global Credit and Cross Product Structuring.

What we’ll 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 centre.

You can expect:

• Hybrid Working - we understand that employee expectations and preferences are changing. We have implemented a model that enables eligible employees to work remotely for a part of their working time and reach a working pattern that works for them
• Competitive salary and non-contributory pension
• 30 days’ holiday plus bank holidays, with the option to purchase additional days
• Life Assurance and Private Healthcare for you and your family
• A range of flexible benefits including Retail Discounts, a Bike4Work scheme and Gym benefits
• The opportunity to support a wide ranging CSR programme + 2 days’ volunteering leave per year

Your key responsibilities

• Assist in preparing Risk Appetite reporting for the FIC franchise liaising with owners of key bank-wide and divisional programs
• Partner with the 1st and 2nd line teams to identify, assess, monitor and report risks across business lines
• Deliver management information and reporting to support FIC BCU and Senior Management drive decision making and escalation of risks impacting FIC
• Enhance existing processes and engage with Group Audit, Compliance, Anti-Financial Crime (AFC) and other DCOs to understand the impact of Findings & risk assessments on the FIC Risk Profile
• Support oversight of the United States and Global Risk and Control Assessment (RCA) process across FIC Assessment Units and identification of emerging risks
• Support the reporting and oversight of internal events impacting FIC including facilitating lessons learned and read across of internal events across the FIC franchise

Your skills and experience

• Experience in Risk and Controls Assessment, Operational Risk Management, Audit, Controls Testing or Assurance, ideally in the Investment Banking domain
• Knowledge of non-financial risk framework processes and requirements including risk assessment
• Excellent interpersonal and communication skills; able to deal with senior management, cross-division and cross-cultural teams
• High degree of personal initiative, attention to detail and ability to work under time pressure
• Strong ability to present findings and implementation plans at senior management meetings
• Ability to work within a project team, build and implement plans and effectively liaise with all supporting functions to plan and coordinate across multiple stakeholders

How we’ll support you

• Training and development to help you excel in your career
• A range of flexible benefits that you can tailor to suit your needs
• We value diversity and as an equal opportunities’ employer, we make reasonable adjustments for those with a disability such as the provision of assistive equipment if required (for example, screen readers, assistive hearing devices, adapted keyboards)

About us

Deutsche Bank is the leading German bank with strong European roots and a global network. Click here to see what we do.

Deutsche Bank in the UK is proud to have been named The Times Top 50 Employers for Gender Equality 2025 for six consecutive years. Additionally, we have been awarded a Gold Award from Stonewall and named in their Top 100 Employers 2024 for our work supporting LGBTQ+ inclusion.

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.