Market Risk Specialist

Job Title: Risk Specialist

Risk Specialists work closely with risk takers, risk managers and control groups to ensure business objectives are met. This role is responsible for managing market risk and ensuring fair value assessment of books and records within the organization.

The primary market risk objective is to optimize the risk-reward relationship and not expose the organization to unacceptable losses. We work closely with various teams in the process to ensure these objectives can be met.

This role is part of Market Valuation and Risk Management (MVRM) which is responsible for managing market risk and ensuring fair value assessment of books and records within Deutsche Bank.

The team works closely with various stakeholders including risk takers, risk managers and control groups to ensure business objectives are met. The primary market risk objective is to optimize the risk-reward relationship and not expose the organization to unacceptable losses.

We are looking for a skilled professional who can apply their experience and subject matter expertise to perform tasks such as VaR/SVaR impact analysis. The ideal candidate will have a strong understanding of global markets across asset classes and be able to connect macroeconomic events with impact on various market data points.

Key Responsibilities:

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• Apply experience and subject matter expertise to perform tasks such as VaR/SVaR impact analysis.\
• Perform data quality checks to ensure completeness and accuracy of EOD data/time series.\
• Manage weekly market data releases within SLAs for VaR/SVaR/FRTB/Economic capital calculation.\
• Analyze impacts of time-series changes on group level VaR and communicate/coordinate effectively with stakeholders.\
• Liaise with Market risk managers, FO quant, change teams and Methodology to perform deep dives on data challenges in new market risk models/methodology changes/RNIV and implementation of new regulations.\
• Actively participate in proxy decision making and come up with appropriate proxy choices for a time-series.\
• Perform Stressed-period-selection and analyze results for accuracy and reliability.\
• Help specify requirements and test functionality for new implementation and coordinate with Risk-IT and Strats for seamless implementation of new data requirements and process enhancements.\
• Develop and maintain technical documentation for all systems and processes.\
• Collaborate with cross-functional teams to identify and implement process improvements.\
• Identify and address risks associated with new technologies and processes.\
• Maintain accurate and detailed records of all activities and transactions.\
• Conduct regular reviews of system performance and make recommendations for improvement.\
• Stay up-to-date with industry trends and best practices.\
• Participate in knowledge sharing sessions and training programs.\
• Develop and maintain relationships with key stakeholders.\
• Provide support and guidance to junior team members.\
• Maintain a high level of professionalism and integrity in all interactions.\
• Other responsibilities as required by the business.\
• Required Skills and Qualifications:\
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  • 5-8 years experience in investment banking, Market Risk, specifically in controlled production environments.\
  • Good knowledge of financial instruments and understanding pricing of vanilla derivatives across all asset classes.\
  • Strong understanding of global markets across asset classes and ability to connect macroeconomic events with impact on various market data points.\
  • Demonstrated excellence in production activities for a financial institution with a strong control culture.\
  • Experience of change management and implementation of new production processes.\
  • Hands-on experience of using external data sources such as Bloomberg, MarkIT & Reuters.\
  • Programming skills in Python is a must.\
  • Bachelor's degree in finance from an accredited college or university.\
  • Certification in Financial Risk Management will be a plus.\
  • Business Competencies: Communication - Experienced, Industry Knowledge - Experienced, Risk Management - Basic, Innovation - Basic, Managing Complexity - Basic.\
  • Technical Competencies: Risk Management - Experienced, Financial Product Knowledge - Experienced.\
  • Benefits:\
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    • Best in class leave policy.\
    • Gender neutral parental leaves.\
    • 100% reimbursement under childcare assistance benefit (gender neutral).\
    • Sponsorship for Industry relevant certifications and education.\
    • Employee Assistance Program for you and your family members.\
    • Comprehensive Hospitalization Insurance for you and your dependents.\
    • Accident and Term life Insurance.\
    • Complementary Health screening for 35 yrs. and above.\
    • A range of flexible benefits that you can tailor to suit your needs.\
    • Training and development to help you excel in your career.\
    • Coaching and support from experts in your team.\
    • A culture of continuous learning to aid progression.\
    • Opportunities for career growth and advancement.\
    • Recognition and rewards for outstanding performance.\
    • Competitive salary and benefits package.\
    • A positive and inclusive work environment.\
    • A range of employee recognition and reward programs.\
    • A dedicated Employee Assistance Program.\
    • A comprehensive health insurance program.\
    • A pension plan.\
    • A range of flexible working arrangements.\
    • A generous parental leave policy.\
    • A variety of employee discounts and perks.\
    • A range of educational assistance programs.\
    • A dedicated diversity and inclusion program.\
    • A comprehensive wellness program.\
    • A range of community outreach and volunteer programs.\
    • A dedicated employee recognition and reward program.\
    • A comprehensive employee assistance program.\
    • A range of employee development and training programs.\
    • A dedicated leadership development program.\
    • A comprehensive talent management program.\
    • A range of employee engagement and retention strategies.\
    • A dedicated employee feedback and suggestion program.\
    • A range of employee recognition and reward programs.\
    • A comprehensive employee communications program.\
    • A dedicated employee relations program.\
    • A range of employee well-being and wellness programs.\
    • A dedicated employee safety and security program.\
    • A comprehensive employee training and development program.\
    • A dedicated employee recognition and reward program.\
    • A range of employee engagement and retention strategies.\
    • A dedicated employee feedback and suggestion program.\
    • A comprehensive employee communications program.\
    • A dedicated employee relations program.\
    • A range of employee well-being and wellness programs.\
    • A dedicated employee safety and security program.\
    • A comprehensive employee training and development program.\
    • About Us:\

      We are a leading financial institution that provides a wide range of financial services to individuals, businesses and governments. We have a strong commitment to innovation and customer service and strive to provide the best possible experience for our clients. Our team is passionate about delivering exceptional results and providing a supportive and inclusive work environment. We are committed to recruiting and developing talented individuals who share our values and are passionate about making a difference in the world.

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      If you are a motivated and driven individual who is passionate about finance and customer service, we would love to hear from you Please submit your application, including your resume and cover letter, through our online portal. We look forward to hearing from you

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      Keywords: Finance, Banking, Risk Management, Customer Service, Innovation, Teamwork, Leadership, Development, Growth, Recognition, Rewards, Benefits, Flexible Working Arrangements, Education, Training, Diversity, Inclusion, Community Outreach, Volunteerism, Employee Feedback, Suggestions, Communications, Relations, Safety, Security, Well-being, Wellness, Engagement, Retention, Talent Management.