Private Bank - Investment Manager, AVP/VP/Director

Job Description:

Details of the Division and Team:

Deutsche Bank’s Private Bank 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.

The Investment Manager is a primary point of contact for clients to access the entire suite of investment capabilities, insights and solutions offered by Deutsche Bank Wealth Management. This is achieved by working in close partnership with the Relationship Manager in the day-to-day planning and servicing for the client. The individual leverages the insight and expertise of the Deutsche Bank Wealth Management Chief Investment Office and the global and regional investment committees to provide advice around long-term thematic investment opportunities, short-term tactical trades and asset allocation. The Investment Manager employs a wide range of asset classes and capabilities, leveraging the knowledge from dedicate product specialists, to address clients’ needs holistically, including lending and financing, deposits, discretionary and advisory portfolio management solutions, capital markets, private markets, alternative investments and wealth planning. Investment Manager will have accountability for total investment AUM, revenue, asset retention and contribution towards business mix goals.

What we will offer you:

A healthy, engaged and well-supported workforce are 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:

Flexible benefits plan including virtual doctor consultation services

Comprehensive leave benefits

Gender Neutral Parental Leave

Hybrid working arrangements

25 days of annual paid leave, plus public holiday

A culture of continuous learning to aid progression

Your key responsibilities:

Act as the central point of contact for clients’ investment needs / advice and be responsible for increasing share of wallet from existing clients

Partner up with the Relationship Manager to serve clients across a defined portfolio

Serve as strategic advisor on client’s overall investment portfolio to drive holistic portfolio construction and asset allocation, embedding the CIO views

Assess clients’ overall risk appetite and keep client risk profiles up-to-date and regularly reviewed

Own overall suitability and appropriateness of all investments for the client; ensure that all corresponding checks are performed

Collaborate with the relationship manager on account behavior and flag relevant updates, and on input for KYC

Collaborate closely with key internal partners, including discretionary portfolio managers and DB WM’s entire range of product specialists to deliver the firm’s best capabilities, solutions and investment thinking

Proactively identify client suitability for embedding strategic capital markets solutions, discretionary mandates, advisory mandates, and alternative investments

Proactively seek to manage and control risks while maximizing financial returns in line bank and regulators guidelines

Participate in internal discussions to brainstorm

Act within professional, legal, and ethical boundaries and guidelines, observing all internal and external compliance regulations and code of ethics and conduct; flagging and managing reputational risks and conflicts issues

Your skills and experience:

Proven experience in portfolio construction and asset allocation, with knowledge and understanding of private clients and U/HNWI client needs

At least 8 years (for VP level) and above 10 years (for Director level) of relevant investment experience. Individuals with lesser experience with 5-8 years may be considered for AVP level.

Managing and/or advising on multi-asset class portfolios for clients across traditional and alternative assets

Opportunistic/idea-driven investing and ability to work together as a team to support and contribute ideas

Fluent in delivering a capital market outlook from both an investment strategist’s view (i.e., top down) and a manager’s view (i.e., bottom up) with the purpose of articulating because suggested allocations and solutions are appropriate for a given investment objective and market environment

Experienced and comfortable in leading investment discussions in client one-on-one meetings and small groups

Fluent in discussing performance attribution

Have a good understanding of the governing regulatory framework (e.g. RDR, MiFID II, etc.), including but not limited to applicable confidentiality / secrecy / data protection regulations and cross border rules where relevant

Superior investment acumen with a strong understanding of various asset classes

Superior analytical skills as well as being detail-oriented on both strategy and execution

Excellent client-facing skills, excellent communication skills and collaboration skills

Professional integrity

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

We strive for a culture in which we are empowered to excel together every day. This includes acting responsibly, thinking commercially, taking initiative and working collaboratively.

Together we share and celebrate the successes of our people. Together we are Deutsche Bank Group.

We welcome applications from all people and promote a positive, fair and inclusive work environment.