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Independent Review & Challenge (IRC) Director - Financial and Model Risk - Director

Deutsche Bank

Deutsche Bank

Accounting & Finance
New York, NY, USA
Posted on Friday, May 17, 2024

Job Description:

Job Title Strategic Remediation & Control Office – Independent Review and Challenge Program Director

Corporate Title Director

Location New York, NY


This role sits within the Strategic Remediation Control Office, which leads the Transformation and Remediation at Deutsche Bank. The Office leads US oversight of programs which contribute to the uplift of the Firm’s capabilities across multiple lines of defense working in partnership with global Businesses, Risk, Compliance, Technology and Audit. The team ensures alignment of the portfolio of projects remains within groupwide strategic priorities and are successfully implemented to achieve the intended benefit and outcomes. For this role, the Independent Review and Challenge (IRC) team is looking for experienced professionals with expertise in supervision and regulation as well as risk and controls to join our high impact and growing team. This is a unique opportunity to be at the heart of the Bank’s Transformation and remediation efforts, with exposure to senior management.

What We Offer You

  • 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

What You’ll Do

  • Provide effective review and challenge for critical regulatory remediation and transformation programs across the Bank

  • Identify critical gaps, risks and issues in bank’s regulatory remediation approach and program and regulatory issue validation and present feedback / challenge to senior key stakeholders

  • Act as an advisor and provide guidance to business and infrastructure functions in responding to regulatory responses, remediation plans, and implementation of regulatory remediation programs

  • Ensure that regulatory remediation programs clearly articulate risk reduction and demonstrate enhanced control environment with evidence of design and operational effectiveness

  • Responsible for active stakeholder engagement by ensuring close collaboration with key stakeholders across the Bank and working closely with subject matter experts on relevant regulatory remediation and transformation programs

How You’ll Lead

  • Team player with the ability to execute the Bank’s critical regulatory initiatives in a timely manner

  • Proven ability to form an independent and comprehensive view on the Bank’s regulatory issues and remediation approach across broad financial risk topics

  • Ability to navigate a global organization and build strong relationships and work collaboratively with senior stakeholders globally

Skills You’ll Need

  • Extensive experience in the financial services industry, consulting firms, or regulatory agencies (e.g., ECB, FDIC, FRB, OCC, etc.) focusing on operational risk, Risk and Control Assessment, business and risk controls covering investment bank including trading surveillance and market conduct

  • Significant experience in managing a complex regulatory remediation program with Subject Matter Expertise in first or second-line risk management and controls, effectively identifying and assessing risks within regulatory remediation, regulatory issue validation, and key transformation programs

  • Proven leadership capabilities with experience in managing senior stakeholders

  • Significant experience in interpreting European and US regulatory rules and regulations and dealing with regulatory remediation programs

  • Ability to identify risks and issues and escalate timely and effectively

Skills That Will Help You Excel

  • Critical and analytical thinker with attention to detail and ability to take initiatives and execute

  • Strong interpersonal and communication skills (both verbal and written) with an ability to present and articulate your view to senior management


It is the Bank’s expectation that employees hired into this role will work in the New York office in accordance with the Bank’s hybrid working model.

Deutsche Bank provides reasonable accommodations to candidates and employees with a substantiated need based on disability and/or religion.

The salary range for this position in New York City is $177,000 to $266,700. Actual salaries may be based on a number of factors including, but not limited to, a candidate’s skill set, experience, education, work location and other qualifications. Posted salary ranges do not include incentive compensation or any other type of renumeration.

Deutsche Bank Values & Diversity

We believe talent is found in all cultures, countries, races, ethnicities, genders, sexual orientations, disabilities, beliefs, generations, backgrounds and experiences. We pursue a working environment where everyone can be authentic and feel a sense of belonging. Click here to find out more about our diversity and inclusion efforts.

We are an Equal Opportunity Employer - Veterans/Disabled and other protected categories.

Learn more about your life at DB through the eyes of our current employees: https://careers.db.com/life

The California Consumer Privacy Act outlines how companies can use personal information. If you are interested in receiving a copy of Deutsche Bank’s California Privacy Notice please email HR.Direct@DB.com.

Deutsche Bank Benefits

At Deutsche Bank, we recognize that our benefit programs have a profound impact on our colleagues. That’s why we are focused on providing benefits and perks that enable our colleagues to live authenti­cally and be their whole selves, at every stage of life. We provide access to physical, emotional, and financial wellness benefits that allow our colleagues to stay financially secure and strike balance between work and home. Click here to learn more!

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




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.