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Senior Compliance Officer - Institutional Sales Coverage

Deutsche Bank

Deutsche Bank

Legal, Sales & Business Development
New York, NY, USA
Posted on Friday, September 22, 2023

Job Description:

About DWS:

Today, markets face a whole new set of pressures – but also a whole lot of opportunity too. Opportunity to innovate differently. Opportunity to invest responsibly. And opportunity to make change.

Join us at DWS, and you can be part of an industry-leading firm with a global presence. You can lead ambitious opportunities and shape the future of investing. You can support our clients, local communities, and the environment.

We’re looking for creative thinkers and innovators to join us as the world continues to transform. As whole markets change, one thing remains clear; our people always work together to capture the opportunities of tomorrow. That’s why we are ‘Investors for a new now’.

As investors on behalf of our clients, it is our role to find investment solutions. Ensuring the best possible foundation for our clients’ financial future. And in return, we’ll give you the support and platform to develop new skills, make an impact and work alongside some of the industry’s greatest thought leaders. This is your chance to achieve your goals and lead an extraordinary career.

This is your chance to invest in your future. Read more about DWS and who we are here.


The Senior AFC and Compliance Officer position sits in DWS Business Line Compliance (“DWS” Compliance). The Senior AFC and Compliance Officer will assist the Chief Compliance Officer in developing and administering the policies and procedures of the Sales Coverage business (“Coverage”) in the sale and offer of mutual funds/ETFs through institutional financial intermediary channels, separately managed accounts and investment products direct to institutional investors.

Role Details

As a Senior AFC and Compliance Officer, you will:

  • Provide compliance expertise and advice to business partners. Build consultative working relationships with business partners, helping them to meet their business objectives, while keeping the relevant registered entities in compliance.
  • Assist business partners in developing and updating written supervisory procedures to ensure compliance with relevant SEC, FINRA rules, federal securities and other applicable laws.
  • Conduct the annual risk assessment to identify potential risks and assist the business managers in mitigating such risks.
  • Develop and recommend workable action plans for correcting weaknesses identified in the written supervisory procedures.
  • Develop, implement, monitor and report on internal compliance systems and processes utilized for Coverage to ensure compliance with applicable SEC rules, FINRA rules, federal and state securities regulations and other applicable laws.
  • Provide advice to the marketing review team on the review of broker-dealer and investment advisory materials; provide advice to the business on the creation and positioning of marketing materials.
  • Provide analysis and guidance to Coverage regarding any cross-border solicitation activities regarding securities products and asset management services.
  • Assist the CCO with conducting the Annual Certification of Compliance and Supervisory Processes requirements under FINRA Rule 3130
  • Provide analysis and guidance to Coverage regarding any potential lobbying activities.
  • Assist the CCO in coordinating with the business managers to update and maintain broker-dealer’s Form BD with FINRA.
  • Assist the CCO with any regulatory examinations and inspections by FINRA or other SRO’s.
  • Conduct annual training, including the Annual Compliance Meeting and other ad hoc training.
  • Manage the escalation of emails of Coverage team members and escalate to the CCO as appropriate.
  • Lead projects related to new regulations as needed.
  • Coordinate with central compliance functions to address internal client and Business Line Compliance needs.
  • Actively participate in working groups, including leading working groups as necessary.

We are looking for:

  • Bachelor’s degree required.
  • 5 to 7 years of compliance experience with experience as a Compliance Officer/Advisor for a broker dealer and/or registered investment advisor.
  • Fluent in all FINRA and SEC issues and concerns.
  • Demonstrated expertise with financial services regulatory schemes, including SEC and FINRA rules and regulations. Knowledge of securities products.
  • Strong experience in sales practice compliance required; working knowledge of the Global Investment Performance Standards (GIPS) a plus.
  • Experience reviewing marketing and advertising collateral in accordance with relevant FINRA and/or SEC regulations.
  • Excellent analytical skills, sound judgment and strong attention to detail.
  • Ability to exercise independent, and informed judgment.
  • Outstanding written and verbal communication skills, with demonstrated ability to think analytically and strategically to solve problems and implement solutions.
  • Able to meet deadlines and handle multiple matters simultaneously.

License(s) required:

  • Series 7 and 24 licenses preferred.

What we’ll offer you:

At DWS we’re serious about diversity, equity and creating an inclusive culture where colleagues can be themselves sand it’s important to us that you enjoy coming to work - feeling healthy, happy and rewarded. At DWS, you’ll have access to a range of benefits which you can choose from to create a personalized plan unique to your lifestyle. Whether you’re interested in healthcare, company perks, or are thinking about your retirement plan, there’s something for everyone.

The salary range for this position in New York City/California is $116,250-$200,000. Actual salaries may be based on a number of factors including, but not limited to, a candidate’s skill set, experience, education, and other qualifications. Posted salary ranges do not include incentive compensation or any other type of renumeration.

Some of our core benefits:

  • Competitive Salary and Matched 401K Savings Plan
  • Generous Paid Time Away plus Bank Holidays
  • Physical and Mental Health Well-Being benefits including (but not limited to) Health & Life Insurance Plans and the support of trained Mental Health First Aiders
  • Family friendly benefits including generous parental leave packages (supporting all variations of family set-ups), to healthcare plans and travel insurance
  • The opportunity to support our CSR strategy which is focused on combatting climate change & achieving greater social justice. You can make donations to our partnered organizations or take part in corporate volunteering opportunities in your local communities by providing on hand support.

DWS’ Hybrid Working model is designed to find the right balance between in-person collaboration and engagement in the office, which is core to our working culture, and working from home. Each business group varies on the split between time spent in the office and at home, but this will be discussed and made clear as part of your application and interview process. We will continue to review and evolve our working environments and methods to ensure that we are working in the best way possible for our people.

If you require any adjustments or changes to be made to the interview process for any reason including, or related to a disability or long-term health condition, then please contact your recruiter and let them know what assistance you may need. Examples of adjustments include providing a change to the format of the interview, or providing assistance when at the DWS office. This will not affect your application and your recruitment team will discuss options with you.

Privacy Statement

The California Consumer Privacy Act outlines how companies can use personal information. Click here to view DWS’ Privacy Notice.

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.

We are an Equal Opportunity Employer - Veterans/Disabled and other protected categories. Click these links to view the following notices: EEO is the Law poster and supplement; Employee Rights and Responsibilities under the Family and Medical Leave Act; Employee Polygraph Protection Act and Pay Transparency Nondiscrimination Provision.