Full-Time
IT Application Owner Assistant Vice President
Private Markets Technology
DWS Group
1,001-5,000 employees
Global asset manager delivering integrated investments
No salary listed
Bengaluru, Karnataka, India
In Person
The job description lists Pune, India, while the ATS location lists Bangalore, India.
Bachelor's
 IT & Security (1) |
|---|
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- The candidate must have at least 12–15 years of experience in information technology, preferably with asset management business applications and processes.
- The candidate must have hands-on understanding of risk frameworks, control environments, and application governance.
- The candidate must have experience in the Software Development Lifecycle from idea through production.
- The candidate must have experience with file transfer, FileNet, Secure File Transfer Protocol, dbExchange, DataGateway, and application programming interfaces.
- The candidate must have basic technical and infrastructure knowledge, including Microsoft SQL Server or Oracle databases, PL/SQL, Linux, firewalls, and virtual private networks.
- The candidate must have enterprise technology knowledge covering application architecture, infrastructure, data transfer methods, application technologies, and database technologies.
- The candidate must have experience with Jira, Confluence, SharePoint, and Microsoft 365, including Jira dashboards and Confluence documentation.
- The candidate must be able to plan and organize work, estimate effort, create detailed plans, prepare deployment plans, and manage deadlines.
- The candidate must be able to manage an application's technical roadmap and estimate required budget and capacity.
- The candidate must have expertise in planning and executing releases, changes, and patches.
- The candidate must have experience handling Level 3 support, incident analysis, patch preparation, and implementation.
- The candidate must be able to interact with Level 2 teams on incident and problem management cases.
- The candidate must have a degree-level information technology and/or information security qualification, or equivalent experience in information security and information technology.
- The candidate must have a general understanding of current security industry standards, best practices, and frameworks such as NIST, ENISA, ISO 27001, and OWASP.
- The candidate must have problem-solving and analytical skills sufficient to oversee complex processes.
- The candidate must be able to educate technical and non-technical audiences about security measures.
- Onboard and own business-aligned strategic Software as a Service and internal applications.
- Work with technology teams and business stakeholders to ensure applications are onboarded and operated compliantly to achieve business outcomes.
- Ensure all Identity and Access Management lifecycle steps, including onboarding, recertification, and offboarding, comply with Deutsche Bank policies and that applications are onboarded to central tools.
- Work with application stakeholders to improve infrastructure and ensure compliance with the technical roadmap.
- Improve application safety and security, regulatory and policy compliance, operational readiness, and maintainability for production changes.
- Support the bank's audit function in remediating audit points and self-identified issues.
- Produce and maintain accurate documentation demonstrating compliance with methodologies, information technology policies, and security requirements.
- Decommission applications.
- Drive activities that reduce incidents against applications.
- Support compliance across all Software Development Lifecycle processes and ensure all lifecycle controls are green.
- Consult with the IT Application Owner community, information security specialists in the Chief Security Office organization, and infrastructure teams such as Operational Resilience Risk and Software Development Lifecycle teams.
- Review current and proposed information systems for compliance with legislation, regulatory obligations, contractual obligations, agreed standards and policies, and the overall strategy.
- Communicate information security risks and issues to business managers and other stakeholders.
- Perform basic risk assessments for small information systems and contribute to vulnerability assessments.
- Apply and maintain security controls required by organizational policy and local risk assessments.
- Investigate suspected attacks and respond to security breaches in line with security policy, recording incidents and actions taken.
- Use technical publication procedures to publish information content, analyze usage data, and apply usability and accessibility principles.
- Investigate and report hazards and potential risk events within a specific function or business area.
- Implement and contribute to continuity management plans, coordinate assessments of risks to system availability, integrity, and confidentiality, and coordinate the planning, design, and testing of maintenance procedures and contingency plans.
- Assist in providing accessible, retrievable, secure, and protected data in an ethical manner.
- Support the use of existing methods and tools, configure them within known contexts, and create and update their documentation.
- Work with business application users and Software as a Service vendors on application onboarding and governance.
- Manage internal and external application audits and audit issue remediation activities.
- Complete regular and recurring assessments.
- Respond to audit and regulatory requirements with timely evidence of compliance.
- Ensure infrastructure is compliant and has up-to-date patches.
- Plan application hardware, software, and license upgrades or migration activities to align with compliant platforms.
- Maintain an up-to-date disaster recovery test plan and manage regular disaster recovery tests.
- Manage application capacity forecasting and monitoring.
- Manage information technology security incidents affecting applications.
- Drive application incident reduction.
- Knowledge of information security tools, including security scanning and testing tools.
- Understanding of cloud engineering and native security features.
- Firm understanding of DevSecOps and the bank's shift-left agenda to integrate security into the Software Development Lifecycle as early as possible.
- ISO or IT Application Owner certification for internal candidates.
- Google Cloud Platform foundation knowledge.
- Scripting experience in Python, PowerShell, or similar scripting tools.
DWS Group is a global asset manager that handles investments for individuals and institutions. It offers a wide range of investment solutions across asset classes, including Active, Passive, and Alternatives, with a strong emphasis on environmental, social, and governance (ESG) factors. Its products work by combining in-house research, economists and investment professionals into a unified global CIO View to guide strategy, delivering funds and mandates aligned to growth trends. The company differentiates itself through its long track record (over 60 years), large global footprint (about 3,500 employees in offices worldwide), and its integrated approach across Active, Passive, and Alternatives with ESG integration to create targeted investment solutions. DWS aims to shape the future of investing and build the best foundation for its clients’ futures, offering stability and growth in a diverse, globally coordinated team.
Company Size
1,001-5,000
Company Stage
IPO
Headquarters
Frankfurt, Germany
Founded
1956
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Simplify's Take
What believers are saying
- Q2 2026 net inflows hit €24.8 billion, the strongest since DWS’s IPO.
- August 5, 2026 launched three Xtrackers fixed-income ETFs, expanding fee-bearing product breadth.
- August 13, 2026 Frankfurter Leben named DWS financing partner, opening insurance-investment growth.
What critics are saying
- DWS paid €25 million in April 2025; BaFin’s special sustainability review remains unresolved.
- Greenwashing allegations from Desiree Fixler still threaten client redemptions and fund re-labeling.
- Alternatives posted €0.7 billion Q2 2026 outflows; prolonged real-estate weakness erodes franchise credibility.
What makes DWS Group unique
- DWS’s Xtrackers managed over GBP 286 billion on 29 June 2026.
- DWS controls €1.19 trillion AuM and won Hesse-Baden-Württemberg’s €3-6 billion pension mandate.
- DWS pairs active, passive, and alternatives with Deutsche Bank distribution and insurer partnerships.
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Benefits
Health Insurance
403(b) not applicable
Comprehensive Hospitalization Insurance
Accident and Term life Insurance
Wellness Program
Mental Health Support
Employee Assistance Program
Sabbatical Leave
Flexible Work Hours
Unlimited Paid Time Off
Hybrid Work Options
Remote Work Options
Company News
Crover SE expands into renewable energy with Crover Renewables. Berlin, Germany, 17 August 2026 Crover SE, the Berlin-based investment and holding company, is expanding into renewable energy with the creation of Crover Renewables, a new platform that will develop, finance and own renewable energy assets across international markets. The company said its first phase will target a portfolio of approximately 220 megawatts across Germany, the United Kingdom and Sri Lanka. The move marks a significant expansion of Crover's investment activities, which also include real estate, venture building and strategic investments. Crover Renewables will focus primarily on solar power and intends to participate across the life of a project, from development and financing to construction, grid connection and long-term ownership. The company is also assessing further development opportunities, acquisitions and strategic partnerships as it builds the portfolio. The renewable energy push comes as Crover seeks to establish a broader presence in sustainable infrastructure. The company said projects across its initial markets are already at various stages of development, with grid connected generation targeted from 2027. The new renewable energy division will be chaired by Jean Louis Laurens, with Michael Woods serving as chief executive. Both executives bring backgrounds in international financial services and investment management. Mr. Laurens has more than four decades of experience in investment banking, institutional asset management and corporate finance. He is the former Managing Partner and Chairman of Rothschild & Cie and the former Deputy Chief Executive Officer and Chairman of AXA Investment Managers. He has also held senior positions across the international financial-services sector and currently serves as Chairman of the Supervisory Board of Crover SE. Mr. Woods is a former Chief Executive Officer and Chief Operating Officer of Rothschild & Co. Asset Management US, Inc., and a former Chief Executive Officer of DWS Investments. His career has focused on institutional asset management, private capital and financial markets. He currently serves as an Executive Director of Crover SE and as President and Managing Member of Woods Capital LLC. Crover Renewables will initially operate across Germany, the United Kingdom and Sri Lanka, with the company seeking to build a diversified portfolio rather than rely on a single market or project. Crover said it expects to continue evaluating opportunities in other renewable-energy markets as the platform develops. For Crover SE, the expansion represents a shift toward a larger role in sustainable infrastructure. The company plans to combine project development with investment and long term ownership, giving Crover Renewables a role that extends beyond the development stage of individual assets. About Crover SE Crover SE is a Berlin-based investment and holding company with activities spanning renewable energy, real estate, venture building and strategic investments. Through its subsidiaries, joint ventures and investment activities, the group develops and invests in businesses and projects across international markets. Crover Renewables is the renewable-energy company of Crover SE, focused on developing and investing in renewable energy projects across international markets. Website: www.croverrenewables.com
DWS joins Frankfurter Leben Gruppe as strategic investor in Athora Deutschland acquisition. (IN BRIEF) Frankfurter Leben Gruppe is acquiring Athora Deutschland in its seventh transaction, expanding its portfolio to around 800,000 clients and approximately EUR 17 billion in assets under management, while DWS Group will support the deal as a long-term financing partner and strategic asset management partner. The transaction will see Frankfurter Leben Holding GmbH & Co. KG acquire Athora Verwaltungs GmbH and Athora Deutschland GmbH & Co. KG, including their subsidiaries, with employees transferring and continuing to service Athora portfolios. DWS will invest a low to mid double-digit million euro amount in a Restricted Tier 1 capital instrument, providing hybrid capital and supporting cooperation in investment management, particularly in institutional insurance and alternative investments. Frankfurter Leben said the acquisition strengthens its position as an independent life insurance portfolio consolidator and could deliver cost advantages, modern IT migration and streamlined administration for Athora clients, while completion remains subject to regulatory approvals and is expected in mid-2027. (PRESS RELEASE) FRANKFURT, 13-Aug-2026 - /EuropaWire/ - Frankfurter Leben Gruppe, an independent consolidator of life insurance portfolios, has announced the acquisition of Athora Deutschland in what will be the Group's seventh transaction. The acquisition will increase Frankfurter Leben Gruppe's portfolio to around 800,000 clients and approximately EUR 17 billion in assets under management. As part of the transaction, DWS Group will support Frankfurter Leben Gruppe as a long-term financing partner and will also enter into a strategic collaboration with the company. The agreement strengthens Frankfurter Leben Gruppe's position as a specialist in life insurance portfolio management and further supports consolidation in the German life insurance market. Dr Christian Wrede, CEO of Frankfurter Leben Holding GmbH & Co. KG, said the business model of a life insurance consolidator is based on efficiency for the benefit of both clients and investors. He said the acquisition of Athora Germany underlines Frankfurter Leben Gruppe's ambition to pursue what it sees as the best approach in this segment. Wrede added that DWS's commitment reinforces the company's conviction, while the strategic partnership with one of the leading asset managers in the insurance sector opens up further development opportunities. Increased efficiency in investment management Frankfurter Leben Gruppe said investment management for policyholders is one of the core responsibilities of run-off platforms. As regulatory requirements continue to increase, such platforms require broad expertise and access to international investment solutions. The cooperation between Frankfurter Leben Gruppe and DWS is intended to create scale advantages and improve efficiency in investment management. For DWS, the partnership with Frankfurter Leben Gruppe supports two strategically attractive growth areas: institutional insurance clients and alternative investments. Dr Stefan Hoops, CEO of DWS Group, said run-off platforms represent a growth area where DWS can contribute its expertise in a targeted way. He said DWS is pleased to support Frankfurter Leben Gruppe, an experienced partner, in the consolidation of the German life insurance market. Hoops added that, with its long-standing experience as a leading provider of client-focused retirement solutions in its home market and its expertise in alternatives, DWS is well positioned to become the preferred partner for managing Frankfurter Leben Gruppe's alternative investments. He said the partnership strengthens DWS's institutional insurance business and expands its presence in the growing market for insurance investments, while its investment expertise can help deliver enhanced outcomes for Frankfurter Leben Gruppe's clients. Client-focused and cost-efficient policy administration Todd Solash, Group Chief Executive Officer of Athora, said Frankfurter Leben Gruppe is well positioned to continue the prudent and effective management of Athora Germany's run-off business. He said that as Athora Group continues to focus on building scale and organic growth in the countries where it operates, the transition offers the best long-term path for all parties. Frankfurter Leben Gruppe specialises in the efficient and cost-effective administration of life insurance policies, aligned with policyholders' long-term objectives. The Group said clients benefit from a lower cost base, market-based surplus participation and strong customer service. Together with the Athora portfolios, Frankfurter Leben Gruppe will in future serve around 800,000 clients and manage investment assets of approximately EUR 17 billion. The collaboration with Athora could also generate additional cost advantages. Athora clients are also expected to benefit from migration to modern IT systems and more streamlined administration. Wrede said the transaction represents a win-win situation for all stakeholders. He added that pension reform is increasing competition between life insurers and asset managers while creating additional consolidation pressure across the market, and said Frankfurter Leben Gruppe believes it is well positioned to benefit from these developments. Continuity in client service As part of the acquisition, Frankfurter Leben Holding GmbH & Co. KG will acquire Athora Verwaltungs GmbH and Athora Deutschland GmbH & Co. KG, including their subsidiaries. Employees will also transfer as part of the transaction and will continue to service Athora portfolios. As strategic financing partner, DWS will invest a low to mid double-digit million euro amount in a Restricted Tier 1 capital instrument of Frankfurter Leben Gruppe, thereby providing hybrid capital. Completion of the transaction remains subject to regulatory approvals and is expected in mid-2027. The parties have agreed not to disclose further financial details. For further information please contact: Karsten Swoboda [email protected] +49 69 910 14941 Dr Hubert Becker, USC (Frankfurter Leben) [email protected] +49 160 5801877 About DWS Group DWS Group (DWS), with EUR 1,190 billion of assets under management (as of 30 June 2026), is a leading European asset manager with global reach. With approximately 5,000 employees in offices around the world, DWS offers individuals, institutions and large corporations access to comprehensive investment solutions and bespoke portfolios across the full spectrum of investment disciplines. Its diverse expertise in Active, Passive and Alternative asset management enables DWS to deliver targeted solutions for clients across all major liquid and illiquid asset classes. www.dws.com About Frankfurter Leben Gruppe Frankfurter Leben Gruppe specializes in acquiring life insurance portfolios from insurance companies and continuing to manage them. For clients, nothing changes: insurance policies continue with unchanged guarantees, terms and conditions. The insurance companies are subject to state supervision by the German Federal Financial Supervisory Authority (BaFin) and are members of the statutory guarantee scheme. Frankfurter Leben Gruppe currently includes Frankfurter Lebensversicherung AG, which also insures the Landeslebenshilfe portfolio, Frankfurt Münchener Lebensversicherung AG, Pro bAV Pensionskasse, Prudentia Pensionskasse and Frankfurter Pensionskasse. www.flgruppe.de/ About Athora Athora is a leading European savings and retirement services group. Athora concentrates on the large and attractive traditional life and pensions market, serving the needs of individual and corporate customers who continue to demand products with guarantees. Athora has assets under management and administration (AuMA) of €139 billion, c.2,100 employees and approximately 3.1 million customers (as of 31 December 2025 - figures are pro forma for Athora's UK acquisition of PICG which completed in March 2026, and include Athora Germany prior to the announced sale which is expected to complete in mid- 2027, subject to approvals). Athora Germany is a closed book of traditional life, unit-linked and pension policies, collectively totalling €3.5 billion of AuMA. www.athora.com MORE ON DWS GROUP, DWS, ETC.: EDITOR'S PICK:
HarbourVest hires DWS executive to expand private wealth coverage across Southern Europe. August 6, 2026 HarbourVest Partners has brought in former DWS executive Guido Lombardi as private wealth lead for France, Belgium, Luxe If you would like to access this article you must become a Premium Subscriber. Premium subscribers receive complete access to its daily breaking news, premium stories, weekly Fundraising & IR Review, Knowledge Bank and LP profiles - all which are accessible via its mobile platform.
DWS Group reached record assets under management of €1.19 trillion in Q2 2026, adding nearly €100 billion during the quarter. Total net flows accelerated to €24.8 billion, led by private wealth, the Americas and Germany. Xtrackers and active investments drove growth, with passive products attracting €11.7 billion and active equity returning to positive flows. Alternatives reported €700 million of outflows, largely reflecting €1.3 billion in capital returned to investors after infrastructure asset realisations. Revenue rose 4% year-over-year to €773 million and net income increased 11% to €237 million. DWS maintained its 2026 targets for 10–15% EPS growth, flat costs and a 55–57% cost-income ratio.
DWS has secured the mandate to manage a new specialist fund for pension reserves of the German states of Hessen and Baden-Württemberg. The fund will handle between €3 billion and €6 billion, investing in euro-denominated corporate bonds that comply with EU climate standards. The index-based Alternative Investment Fund will serve investors including Baden-Württemberg's pension fund, Hessen's retirement savings scheme, and federal reserves. The Bundesbank will acquire fund shares for its portfolios. DWS has appointed Florian Fritsche as head of institutional sales in Germany to strengthen client relationships. The asset manager holds a 3.26% voting stake in Elmos Semiconductor SE. DWS shares have risen 23.41% since the start of the year, trading at €69.85 against a UBS price target of €75.