Chief Risk Officer - Italy

at  Deutsche Bank

QUALIFICATIONS AND EXPERIENCE

• Extensive risk management background with min 15 years of professional experience in second line or related other roles
• Relevant Private Banking and Wealth Management (including structure lending) experience to understand the complexity of such businesses and being able to manage the risk profile
• Deep understanding of covered client segments with their different risk topics and reputational aspects
• Experience in independently managing teams of different seniority levels
• Strong leadership, gravitas and stakeholder management (both, internal and external including regulators and auditors)
• Proactive, problem solving and solution oriented, ability to manage various complex priorities under pressure
• Wide experience in managing regulatory and risk driven projects and portfolios
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POSITION SPECIFIC RESPONSIBILITIES

Deutsche Bank CRO has responsibility for the management and control of credit, market, liquidity, model, non-financial and reputational risks. CRO Italy is responsible, in particular, for the following:

Strategy

• Holds shared accountability for Italy specific functional Risk Type activities with the Group Risk Type heads, who hold accountability globally.
• Ensures strategic group initiatives are implemented in a controlled and efficient manner across CRO in the country (e.g. location, people, talent, technology, etc.).

Risk Management

• Holds a holistic understanding for Risks (generated and/or managed/controlled) and ensures an adequate reflection of Italian specific risks, supports selected bank committees (e.g. Italian ExCo) and chairs Italian risk committees (e.g. NFRC, RRC).
• Applies broad oversight over Italy specific Risks and identifies country trends.
• Serves as escalation point for Italy specific focused risks and issues.
• Given high importance of Credit Risk and specifically a strategic focus on Wealth Management, it is expected that the role can and will provide direct oversight of this specific product segment in Italy

Operations

• Together with the Risk Type Point of Contacts, works collaboratively with the other functional Risk Type representatives to manage and maintain both the run the bank and change the bank operations of the Italy region.
• Appoints the Risk Type Point of Contacts and other required roles to fulfil the responsibilities of CRO

GENERAL RESPONSIBILITIES

The general responsibilities set forth below apply in respect of the particular area of competence, i.e. are generally limited to the scope of the respective Unit on the one hand, and to the country coverage of the position on the other hand:

• Complies and procures compliance with applicable laws and regulations, taking particular account of compliance with applicable corporate and banking laws and regulations as well as compliance with anti-money laundering, anti-corruption, anti-fraud and anti-market manipulation rules, embargo requirements and any other rules aiming at preventing any kind of other criminal activities as well as data protection, confidentiality and (non-)disclosure requirements.
• Fulfils all obligations towards supervisory authorities and accredited investigators, including any due notifications and any requirements on submission of information.
• Complies and endorses compliance with DB Group’s internal rules in general.
• Defines and ensures effective implementation of relevant strategies within defined Risk Appetite and Tolerance, ensuring that the Unit’s strategy is in line with DB’s Group risk strategy and monitors deliverables and performance targets.
• Ensures the implementation of Policies and Procedures by and within the Unit.
• Acts as escalation channel, being accountable for dispute resolution and for overseeing disciplinary processes.
• Ensures the Unit’s proper and transparent organization along the core organizational requirements as laid out in DB’s Internal Governance Principles, and in particular also taking account of applicable segregation requirements and avoiding/ addressing conflicts of interest.
• Manages risks and oversees controls in respect of risk types which fall within the remit of the Unit by way of implementing and maintaining an adequate and effective risk management, including identification, assessment and management (incl. control, monitoring and reporting) of risks.
• Represents the Unit towards internal/ external stakeholders; maintains and fosters internal and external key (business) relationships.
• Ensures the remediation of issues and is accountable for delivery of Unit’s remediation actions and audit findings in particular.
• Drives collaboration and a trust-based relationships both within the Unit as well as across Units.

LEADERSHIP RESPONSIBILITIES

• Sets clear direction for the team in line with overall business strategy balancing both global and regional priorities.
• Manages performance systemically by considering delivery, behavior and conduct in equal measure, setting and communicating clear role expectations and qualitative and quantitative priorities, promoting individual accountability and removing impediments to success.
• Ensures team members have regular and meaningful performance and career development discussions giving and listening to feedback.
• Holds direct reports accountable for systems, processes and control management practices which are efficient, cost-effective and in line with Bank standards and regulatory expectations.
• Ensures team decision-making processes are timely and place precedence on long-term considerations and client needs over the short term.
• Ensures each direct report has sufficient time and skills to perform the correspondent role and proactively manages and mitigates potential conflicts of interests.
• Proactively manages performance and business practices to ensure alignment with the Bank’s goals, values and code of conduct and is clear on how to take action to ensure appropriate positive outcomes and negative consequences for individual employees.
• Builds capability for the future by prioritizing succession planning, continuous development of people and the mobility of high potentials within the team.
• Brings diverse teams together to collaborate on topics to achieve optimal ideas and recommendations.
• Creates an inclusive, open and speak up culture where team members are encouraged to express views and raise concerns.
• Acts as an escalation channel for the Group’s benefit by ensuring matters are referred to the appropriate function within the Bank (i.e., Finance, HR, Legal)