Head of Cash Operations - VP

Job Description:

Details of the Division and Team:

We are Germany’s leading bank with strong positions in Europe and significant presence in the Americas and Asia Pacific. We’re driving growth through our strong client franchise, investing heavily in digital technologies, prioritizing long-term success over short-term gains, and serving society with ambition and integrity. We serve our clients’ real economic needs in commercial and investment banking, retail banking and transaction banking, and provide ground-breaking products and services in asset and wealth management. That means a career packed with opportunities to grow and the chance to shape the future of our clients.

The Global Markets Division is responsible for Deutsche Bank’s capital markets business, comprising the sales and trading of capital markets products including debt, equity, and other fixed income and currency products. As numerous Regulators across the globe are going through various reporting and regulation changes it would be essential for DB to comply with the changes and ensure APAC are also complying with the changes that is ongoing globally.

A dynamic and diverse division, our objective is to make sure that all our services are executed in a timely and professional manner, that risk is minimized and that the client experience is positive. We are proud of the professionalism of our people, and the work they do. In return, we offer excellent career development opportunities to foster skills and talent.

What we will offer you:

A healthy, engaged and well-supported workforce is 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 center.

You can expect:

• Comprehensive Medical Insurance Coverage for Employee and Family
• Life Insurance Coverage
• Additional Pension Scheme (DPLK) on top of Statutory Contribution
• EAP – free and confidential counseling, online work-life resources
• Staff Loan including Housing Loan, Car Loan and Personal Loan
• Hybrid work arrangement
• Comprehensive leave benefits
• Annual health checkup – cost borne by company (once a year; conditions apply)

Your key responsibilities:

The key responsibility of the role is to manage cash operations for Indonesia.

Candidate is expected to have a deep understanding of the evolving industry trends for core operations products and processes especially for Indonesia. Roles and responsibility involve the following aspects,

• Managing Cash Operations team in Indonesia and Lead the team in delivering excellent support to business and client.
• Manage team process and control in compliance with internal policies and applicable regulations.
• Develop and grow talent in Cash Operations team. Manage team capacity and talent succession plan.
• Provide oversight for adequate production controls and escalations, and proactively managing internal and external audits.
• Proactively driving consistent, standardized, efficient and effective risk and control standards, as well as regulatory compliance
• Drive issue resolution or options articulation around any problems or challenges that crop up in the course of execution of above initiatives.
• Executing Cash operations transformation agenda, to build scalable and sustainable operations and achieving cost target. Working with key stakeholders, partners to drive on time and quality execution
• Drive effective and efficient operating model, includes nearshoring and offshoring.
• Partner with stakeholders and IT partners to consistently improving our production stabilities.

Your skills and experience:

• 12+ years’ experience in a financial services organization (preferably a tier 1 corporate bank environment) with experience in Cash and Payments-related Products & Operations
• Good technical and commercial understanding of the Operations Products as well as Operations processes. Any Cash Operations, Treasuries and Corporate Bank product knowledge would be an advantage.
• Strong understanding on Indonesia regulatory reporting requirement
• Strong leadership skills and ability to manage multiple teams
• Strong organizational skills with ability to manage teams across geography
• Strong analytical skills, able to demonstrate flexibility and take ownership regarding problem solving
• Ability to understand different business processes across cash functions and locations especially in the Asia Pacific region
• Ability to work in tight deadlines fast-paced environment.
• Manage complexity and ambiguity well with proven skills to take leadership in managing risk and control within an operational setup
• Entrepreneurial thinking and acting at all times, taking ownership for instigating and executing initiatives
• Knowledge of automation toolkit and Robotic Process Automation will be a plus
• Working knowledge of human centered design/ design thinking

How we’ll support you:

• Flexible working to assist you balance your personal priorities
• 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
• Training and development to help you excel in your career

About us and our teams:

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

Deutsche Bank & Diversity

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.