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Join us at DWS, and you can be part of an industry-leading firm with a global presence. You can lead ambitious opportunities and shape the future of investing. You can support our clients, local communities, and the environment.
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As investors on behalf of our clients, it is our role to find investment solutions. Ensuring the best possible foundation for our clients' financial future. And in return, we'll give you the support and platform to develop new skills, make an impact and work alongside some of the industry's greatest thought leaders. This is your chance to achieve your goals and lead an extraordinary career.
This is your chance to invest in your future.
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Team / division overview
The Reward team is a central function of the global DWS HR division, and are responsible for supporting the development, implementation and maintenance of the Reward and Compensation strategy for DWS. The team work on multi-faceted strategic and regulatory activities across the Compensation and Reward landscape and are required to work in close cooperation with a number of contacts across HR and Service Providers, as well as senior management across all business lines of DWS and colleagues from Risk, Legal and Communications departments.
This is a new role with primary focus of helping to drive forward development of illiquid compensation structures and responsibility for related CTB deliverables as part of a specialist team within DWS Reward. The role will include the design, governance, and management of bespoke reward products, including carried interest (including shadow plans) and co-investment structures and fund-linked deferred compensation plans alongside the more broader reward concepts.
The role owner will work closely with a variety of stakeholders on all Reward topics including the COO office for the Investment Division and the Global Head of Alternatives to understand the commercial issues and market pressures facing the business. The role will also involve close collaboration with Product Development teams and senior stakeholders across all DWS control functions.
As a Senior HR Product Specialist you will:
Manage the DWS compensation frameworks for the various Illiquid compensation products, ensuring the terms remain competitive, aligned with business/DWS Group strategy and compliant with relevant tax, legal and regulatory requirements
Review business proposals for new Illiquid compensation products with the COO office for the Investment Division and support with submissions for approval to the DWS Compensation Committee
Work closely with members of the DWS Compensation Operating Committee to ensure technical and operational viability of all Illiquid reward products and present proposals to the Committee for formal approval
Support the Reward Delivery team with administration and operational aspects of all Illiquid reward products (set-up/ tracking/ reporting/ distributions/ employee communications)
Co-leading the annual calendar for Illiquid reward products, working with multiple stakeholders to determine year-end awards and ensuring appropriate approvals and governance checks are obtained and managed in line with Key Operating Procedures (KOPs)
Working with external advisors (tax, legal, reward consultants) as required/ building external networks/ relationships within the alternative asset management HR/ Reward community
Support on external market practice relating to Illiquid benchmarking reviews
Collaborating closely with wider Reward team on wider DWS Group initiatives and change management projects.
We are looking for
An experienced reward professional with specific focus on alternative/illiquid compensation frameworks/reward strategies and products, including carried interest, co-investment and fund-linked deferred comp
Solid understanding of associated technical issues including tax, legal, regulatory (i.e. compensation regulations under AIFMD, IFR, IFPR) and ability to spot and flag potential issues
Strong operational experience with a good understanding of the downstream governance and related policy/control considerations, applicable to reward products and deferred compensation plans
Strategic and analytical mindset - able to balance commercial and technical considerations and find workable solutions, whilst clearly communicating potential benefits, costs, and risks to senior decision-makers
Confident and clear presentation skills - able to clearly summarize topics at senior management/committee meetings and seek consensus
Excellent stakeholder management, interpersonal and communication skills, with ability to influence a wide range of decision-makers
Able to work across regional and functional boundaries and across all levels within the organization. Strong team player, with proven ability to drive results both collaboratively and independently.
What we'll offer you:
At DWS we're serious about diversity, equity and creating an inclusive culture where colleagues can be themselves sand it's important to us that you enjoy coming to work - feeling healthy, happy and rewarded. At DWS, you'll have access to a range of benefits which you can choose from to create a personalised plan unique to your lifestyle. Whether you're interested in healthcare, company perks, or are thinking about your retirement plan, there's something for everyone.
The salary range for this position in New York City is $135,000 to $180,000. Actual salaries may be based on a number of factors including, but not limited to, a candidate's skill set, experience, education and other qualifications. Posted salary ranges do not include incentive compensation or any other type of remuneration
Some of our core benefits:
Competitive Salary and Matched 401K Savings Plan
Generous Paid Time Away plus Bank Holidays
Physical and Mental Health Well-Being benefits including (but not limited to) Health & Life Insurance Plans and the support of trained Mental Health First Aiders
Family friendly benefits including generous parental leave packages (supporting all variations of family set-ups), to healthcare plans and travel insurance
The opportunity to support our CSR strategy which is focused on combatting climate change & achieving greater social justice. You can make donations to our partnered organisations or take part in corporate volunteering opportunities in your local communities by providing on hand support.
DWS' Hybrid Working model is designed to find the right balance between in-person collaboration and engagement in the office, which is core to our working culture, and working from home. Each business group varies on the split between time spent in the office and at home, but this will be discussed and made clear as part of your application and interview process. We will continue to review and evolve our working environments and methods to ensure that we are working in the best way possible for our people.
If you require any adjustments or changes to be made to the interview process for any reason including, or related to a disability or long-term health condition, then please contact your recruiter and let them know what assistance you may need. Examples of adjustments include providing a change to the format of the interview, or providing assistance when at the DWS office. This will not affect your application and your recruitment team will discuss options with you.
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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.
We are an Equal Opportunity Employer - Veterans/Disabled and other protected categories. Click these links to view the following notices: EEO is the Law poster and supplement ; Employee Rights and Responsibilities under the Family and Medical Leave Act ; Employee Polygraph Protection Act and Pay Transparency Nondiscrimination Provision .