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3.9

based on 3.2k Reviews

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560 Deutsche Bank Jobs

Vice President Operations

15-18 years

Mumbai

1 vacancy

Vice President Operations

Deutsche Bank

posted 3mon ago

Job Role Insights

Flexible timing

Job Description

Job Title: Head Cash Operations, VP

Location: Mumbai, India

Role Description

Cash Management Operation is one of the key revenue contributors in Corporate Bank for DB India. The Head of Cash Operations is a critical and senior management position. The position holder through the management of a team is responsible to support transaction processing for CB & IB clients and meeting regulatory and compliance requirements in India.

The candidate must have strong knowledge and prior experience in managing large teams, multiple dynamic stakeholders, and demanding regulators. Product expertise is needed in managing Domestic and Cross Border payment processing for India. The role holder is also responsible for Regulatory, Risk & Control Management and remediation activities. Manage Risk Control Assessment, Data Privacy, Information Risk Management including Logical Access Management, Record Management, BCM, KYC, AML, service levels, appraisal, Reporting and tracking Risk Events and Control Log.

What well offer you

As part of our flexible scheme, here are just some of the benefits that you’ll enjoy

  • Best in class leave policy
  • Gender neutral parental leaves
  • 100% reimbursement under childcare assistance benefit (gender neutral)
  • Sponsorship for Industry relevant certifications and education
  • Employee Assistance Program for you and your family members
  • Comprehensive Hospitalization Insurance for you and your dependents
  • Accident and Term life Insurance
  • Complementary Health screening for 35 yrs. and above

Your key responsibilities

The staff is responsible for the accurate and timely processing of all types of payments Cheque, Cash, Domestic and Cross border, as well as the handling of investigations and related regulatory compliance. The candidate is expected to have sound knowledge of Foreign Exchange Management Act (Current and Capital account transaction) for cross border payment processing in India. This includes the processing of time-critical, complex transactions on behalf of the Bank’s internal and external clients, cash-related investigations involving enquiries from clients and internal stakeholders. It often involves complex or in some cases regulated tasks including interaction with clients, internal and external stakeholders.

The candidate should be familiar with regulatory requirements regarding Domestic and Cross border transaction including Nodal Account operations. In addition, the staff must ensure that procedures are properly documented to reduce processing risk and identify potential areas for process improvement whether internally within the Bank or for our clients.

Staff may need to deal with the escalation and remediation of client complaints as well as managing relationships with the front office and other internal and external parties at an appropriate level.

  • Lead the efforts and all possible initiatives to constantly improve the STP rates in payments and Cash management operations with direct impact on the Cut of Time offer proposed by the Bank to Clients.
  • Make sure all operational procedures and permanent controls are well in place harmonized and enforced across all products.
  • Contribute and coordinate with IT teams / Operation Engineer team onto new systems/features deployment impacting cash management while guaranteeing the proper execution of operations eg digitalization initiatives, regulatory rollouts etc. Constantly work on process improvisation and efficiency initiatives.
  • Contribute in rolling out of new processes and adoption of operational controls in line with updates or changes in Group Compliance/ Regulatory Requirements as it impacts Cash Management Operations.

Stakeholder management

  • Work with Mumbai Domestic Payments team to ensure timely and accurate processing of transactions.
  • Governance over DIPL/3rd party vendor teams responsible for execution of transactions and related work.
  • Co-ordinate with internal stakeholders such as Front Office, Compliance, Central Treasury Team etc.
  • Collaborate with Cash Products and Technology teams to run and implement Transformation Projects.

Your skills and experience

Stakeholder Management and Leadership

  • Managing key stakeholders and their expectations within the Bank.
  • Ensuring healthy relationship with Regulators and external auditors.
  • Managing vendor governance, including Deutsche India Pvt Ltd.
  • Develop talent within the team and provide regular feedback and coaching.
  • Consistently facilitate constructive functional and personal development of others
  • Provide leadership/mentoring to junior members of the team
  • Design, develop and deliver the subject matter trainings to stakeholders
  • Contribute to local, regional and global Operations department, including outside of specific sub- function.

Specification

  • Graduate/Post Graduate Degree from a reputed university.
  • 15+ years of experience in managing large teams for Domestic & Cross Border Payments.
  • Proven track record of delivering operational excellence and in driving collaboration across multi-product and functional teams, in context of varied local regulations, market practices, technologies and processes.
  • Experienced leader with proven ability in managing stakeholder relationships across Front Office, Mid and BackOffice teams.
  • Leadership skills which enable the candidate to successfully influence peers, direct and indirect reports.
  • History of leading complex execution impacting product, function, process and technology related changes. Proven track record in successfully leading complex and critical transitions.

How we’ll support you

  • Training and development to help you excel in your career
  • 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

About us and our teams

Please visit our company website for further information:

https://www.db.com/company/company.htm




Employment Type: Full Time, Permanent

Functional Areas: Banking/Insurance

Read full job description

Prepare for Vice President Operations roles with real interview advice

People are getting interviews at Deutsche Bank through

(based on 192 Deutsche Bank interviews)
Job Portal
Referral
Campus Placement
Company Website
Recruitment Consultant
Walkin
35%
17%
16%
7%
4%
2%
19% candidates got the interview through other sources.
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High Confidence means the data is based on a large number of responses received from the candidates.

What people at Deutsche Bank are saying

2.2
 Rating based on 7 Vice President Operations reviews

Likes

None.

Dislikes

Extremely poor senior management in DWS with no work ethics, work-life balance or salary hike. Management is only busy into unethical practices with bad hasty overnight decision making.

Read 7 reviews

Vice President Operations salary at Deutsche Bank

reported by 79 employees with 14-20 years exp.
₹29.8 L/yr - ₹73.1 L/yr
7% more than the average Vice President Operations Salary in India
View more details

What Deutsche Bank employees are saying about work life

based on 3.2k employees
66%
86%
75%
90%
Flexible timing
Monday to Friday
No travel
Day Shift
View more insights

Deutsche Bank Benefits

Free Transport
Cafeteria
Health Insurance
Work From Home
Job Training
Soft Skill Training +6 more
View more benefits

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Deutsche Bank Mumbai Office Locations

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Mumbai Office
Headquarter
Deutsche Bank, Deutsche Bank House, Hazarimal Somani Marg Fort Mumbai
Maharashtra 400001
Mumbai Office
B 1, 5th Floor, Nirlon Knowledge Park, Goregaon East, Mumbai Mumbai
Maharashtra 400063

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