Wealth Management Product Business Manager Riyadh Saudi Arabia
Overview
Location: Saudi Arabia, Riyadh
Full / Part time: Full time
Permanent / Temporary: Permanent contract
Corporate Title: Assistant Vice President - Vice President
Reporting Line to: Wealth Management Investment Solutions COO Europe, matrix reporting line to Head of Wealth Management Saudi Arabia
Start Date: As soon as possible
Wealth Management
Deutsche Bank's Private Bank corporate division combines the bank's expertise in private banking with Postbank in Germany and the International Private Bank division. The International Private Bank combines Wealth Management and Private & Commercial Bank International units and bundles its private client business in Germany, the private- und business client business internationally, its wealth management business and its digital platform in one corporate division.
Deutsche Banks Wealth Management (WM) business is one of the largest wealth managers worldwide. We offer our clients a broad range of traditional and alternative... investment solutions, as well as comprehensive advice on all aspects of Wealth Management. As a trusted partner of wealthy individuals and entrepreneurs, family offices and foundations, we create lasting value for clients. We specialize in developing bespoke solutions for our clients around the world, for instance wealth planning across successive generations and international borders, asset management with individual risk management, loans and deposits. All this is possible thanks to our global network, our many years of experience and our close collaboration with the Corporate Bank, Investment Bank and DWS. We aim to become a highly competitive global wealth manager by combining financial strength and stability with trustworthy partnership and forward-thinking in order to build sustainable and beneficial client relationships. As a growth business for Deutsche Bank, we contribute towards building a more balanced, less capital intense and stable business model for the bank.
Your Role
The Business Product Specialist participates in the product planning and execution throughout the product lifecycle for new or existing products. The role encompasses a broad set of activities required to get the product (or set of products) to market and to support it thereafter. The Business Product Specialist participates in business case development and business analysis to identify how value is created, specific price points and analysis of market sizing / potential. The Business Product Specialist assists in gathering and prioritizing product and customer requirements to define the product vision. Collaborates with internal stakeholders to ensure revenue and customer satisfaction goals are met. Partakes in product strategy formulation to generate competitive advantage for clients and drive value creation. Conducts regular product reviews to resolve any obstacles and issues that may arise during a products lifecycle. Provides ongoing analysis of the product in the marketplace, articulates the needs of the market, reports competitor activity and plans development of future releases. Works to ensure the product supports the companys overall strategy and meets legal and regulatory compliance. In the absence of a dedicated product marketing specialist, the Business Product Specialist assumes the marketing responsibilities.
Your Key Responsibilities
You will work closely with KSA Equities Trading Desk, Investment Solutions COO Europe and KSA WM COO and KSA stakeholders to deliver:
Product & Platform Management
Support product head in owning, developing and managing the product offering and platform with various AGILE tribes/ squads
Oversee and support KSA New Product Approvals and Systematic Product Reviews
Lead and execute business priorities and projects
Provide trade support for Equities
Risk & Control
Ensure awareness of and strict adherence to KSA local regulatory framework and applicable bank policies and procedures
Participate in and support risk and regulatory initiatives and projects, audits and reviews, and reporting
Ensure all audit points and NPA conditions are fully tracked to completion or closure
Lead on operational incidents and control enhancement, including defining and implementing controls and risk mitigation actions
Oversee and work with KSA Business Management and 2nd and 3rd lines of defence to address business-as-usual issues and requirements
Business Support
Champion and support Investment solutions business in various KSA business and risk forums
Own and drive products business processes and KOPs
Gatekeep for dealing-specific system/ data accesses
Ensure all EQ SLAs in place and regularly reviewed
Coordination with Investment Solutions COO Europe on various regional:
CAO topics (i.e. strategy, budgeting and financial management information (revenue, cost), human capital and talent management, outsourcing management, Business Contiunity Planning and other general business support (e.g. training, licencing, etc)
Business Integrity topics (i.e. Product Risk and Control Assessment, Conflicts of Interst, Mandatory Time Away, supervisory frameworks, etc)
Your Skills and Qualifications
Preferably KSA residence / national, due to regulatory requirements
Preferably holder of CME 1 certificate, in line with regulatory requirement
Post/Graduate level degree, with a focus on Banking and Finance
Fluency in English essential, additional languages such as Arabic desirable
Minimum 5 years banking experience, preferably at least 2 years in Wealth Management
Knowledge in WM investment products (Structured Products, Equities, Bonds, Funds, Lending and Deposits including understanding of how WM client orders are handled/ executed)
Experience in business management and trading and controls with strong process design and documentation skills
Project management experience and experience in defining and tracking requirements
Proficient in MS Office applications (Advanced Excel, PowerPoint, word) and macro
Meticulous and detail-oriented, strong analytical skills, proficient with statistical analysis and preparing charts and graphs
Strong communication and stakeholder management skills across all levels, ability to navigate and work in virtual global teams and matrix organization
Takes ownership, ability to excel under pressure and possess a can-do attitude
Good team player, independent and reliable
Deutsche Bank is an equal opportunity employer who seeks to recruit and appoint the best available person for a job regardless of marital / civil partnership status, sex (including pregnancy), age, religion, belief, race, nationality and ethnic or national origin, color, sexual orientation or disability.
We guarantee that your application will remain anonymous and be treated confidentially.
Please let us know if you require any adjustments to enable you to apply or attend an interview. If you would like to discuss your requirements, or have any concerns about the application process, please contact your recruiter.
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, disabilities, beliefs and generations and are committed to providing a working environment free from harassment, discrimination and retaliation
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Wealth Management Product Business Manager Riyadh Saudi Arabia Deutsche Bank Riyadh Saudi Arabia
