Associate - Market Risk Control

**Associate - Market Risk Control**:
**Job ID**:R0340812

**Full/Part-Time**:Full-time

**Regular/Temporary**:Regular

**Listed**:2025-04-09

**Location**:Mumbai

**Position Overview**:
**In Scope of Position based Promotions (INTERNAL only)**

**Job Title-**Associate - Market Risk Control**

**Location
- Mumbai, India**

**Role Description**

Market Valuation and Risk Management (MVRM) is responsible for managing market risk and ensuring fair value assessment of Books & Records within Deutsche Bank. The primary market risk objective is to ensure that business units of the bank optimize the risk-reward relationship and do not expose it to unacceptable losses. We work closely with risk takers, risk managers and control and support groups in the process to ensure these objectives can be met.

Market Data Strategy and Analytics (MDSA) is a function within MVRM that is responsible and accountable for the procurement, analysis and governance of historical market data used as inputs in the key risk metric (eg Value at Risk, Economic Capital, Credit Counterparty Risk, Portfolio Stress Test).

The core mandate of the team is split in three main groups:
**What we’ll offer you**

As part of our flexible scheme, here are just some of the benefits that you’ll enjoy
- 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

**Your key responsibilities**
- Creating, implementing and documenting quantitative risk models and enhancements for accurate market risk capture in risk models
- Driving discussions and defining requirements with Strats, Risk Methodology and IT for generation of historical time-series for more exotic risk factors
- Providing quantitative and qualitative justifications for modelling choices, assumptions made, data selection, reliability of model inputs such market data
- Validating model choices by theoretical proof and support them with empirical evidence (e.g. statistical analysis of historical market data or back-testing)
- Recalibration of model parameters which are used in the internal risk and capital models for market risk, in particular for Value-at-Risk models
- Develop reports or analytical tools to facilitate robust testing process, including automation in order to drive down costs and improve process.
- Business & Functional testing skills: ability to write runbooks; Ability to present the results data and any variances clearly to Risk Managers
- Ensuring production stability and responding to queries on timeseries from market risk managers

**Your skills and experience**
- Engineering, Economics, Statistics or other numerate discipline with excellent project experience and grades in quantitative and numerical coursework
- Excellent quantitative and analytical abilities as demonstrated by grades in mathematics/physics/statistics/engineering mathematics,
- Knowledge of financial pricing models, risk models would be desirable
- Good high level programming skills for ex. Matlab, Python and experience in numerical coding is good to have

**Education | Certification (Recommended)**:

- Engineering or bachelor’s degree in finance from an accredited college or university with excellent project experience and grades in quantitative and numerical coursework.
- 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

**How we’ll support you**
- 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
- A range of flexible benefits that you can tailor to suit your needs

**About us and our teams**

Please visit our company website for further information:
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.