Risk Analyst

Job Title: Risk Analyst

Location: Mumbai, India

Role Description

About the business division: Risk division has a fundamental responsibility to protect the Bank. With group-wide responsibility for the management and control of credit, market, operational and reputational risks, we have a unique vantage point which allows us a holistic view of our businesses and our clients. Nearly 3,000 employees work together in our division to achieve our ambition to be an industry-leading risk management organisation. In an increasingly complex environment, risk management is fast becoming the most sought-after place to build a career within the banking world. Risk at Deutsche Bank is relied upon to help shape the strategy of the organisation and the wider industry agenda

Global Credit Analytics Team (GCAF)

Global Credit Analytics Team (GCAF) is one of the pillars in the Credit Risk domain of the Bank, responsible for assigning Probability of Default Rating as well as determining the Credit Risk & appetite of the Corporate and Institutional counterparties of the Bank. The team is involved in identifying business and financial risks of the clients based of the underlying business model as well financial statement analysis to ensure appropriate credit controls in place. It also conducts Annual Credit Reviews and ensures strong portfolio surveillance / monitoring and conducts need based portfolio reviews

Operational Risk Management (ORM)

Operational Risk Management (ORM) function monitors the Group-wide management of operational risks and emerging risks with mandate to identify, analyse, measure, and control all non-financial risks within DB, ensuring they are contained within the risk appetite of the bank. The team supports Management in making informed risk decisions by providing comprehensive analysis, reports, and coverage of risk data. We use both quantitative and qualitative approaches within the Operational Risk division, ensure accuracy of Business inputs through rigorous quality assurance and perform risk aggregation offering a complete view of risk exposure.

Market Risk Analysis & Control (MRAC)

Market Risk Analysis & Control (MRAC) is a centralised function across globe within Market and Valuation Risk Management (MVRM).The function manages Deutsche Bank's Market Risk position in an independent and neutral way. It provides an independent view of market risks to Deutsche Bank's senior management to facilitate risk management decisions

The Market Risk Analysis and Control (MRAC), Portfolio Stress Testing (PST) and Market Data Strategy and Analytics (MDSA) functions within MVRM are responsible for the provision of all official market risk metrics and core analysis The team is structured below verticals

• Production Analytics, Business Aligned MRAC supporting market risk analytics for Risk Managers

• Portfolio MRAC supporting DB Group level market risk analytics and Market Risk RWA computation

• Portfolio Stress Testing supporting Bank wide Market risk Stress Testing

• Market Data supporting maintenance and changes to the market data used for risk metric production, Governance team overarching all the above teams in ensuring proper governance and key controls.

Valuation Risk (VR)

• Valuation Risk (VR) is a centralised function of over 300+ professionals across globe within Market and Valuation Risk Management (MVRM) responsible for the independent valuation of balance sheet positions predominantly across the Investment & Corporate Bank.

• As part of the firm's Valuation Control process, VC acts as a specialised function to ensure that the trading portfolios are independently priced at fair value. In addition, VC acts as subject matter experts and internal advisors to other teams on Valuation-related topics, providing independent supporting analysis.

• The staffing of the group is drawn from a wide range of backgrounds including risk management, sales and trading, Quantitative analysts and accounting/product control.

Enterprise Risk Management (ERM)

• Enterprise Risk Management (ERM)'s mission is to shape Bank strategy and lead risk management at enterprise level, unconstrained by risk types and geographies, together with ERM's partners in Risk and the Bank.

• ERM manages the enterprise-level risk management framework so that all risks are identified, owned and controlled Bank-wide, and within the agreed risk appetite and culture.

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

Global Credit Analytics Team (GCAF)

• Undertake accurate and timely credit analysis of counterparties (including Corporates and FIs) by identifying business and financial risk based on understanding of business models, financial statement analysis, preparing cash flow model/ forecast and peer analysis.

• Write Rating reports and credit reviews/analysis for recommendation to Senior members for approval.

• Active participation in Live trades with onshore credit officers (KCP) by understanding the trade dynamics, providing your recommendation and completing the credit write-ups (Addendum) for the same.

• Monitoring of limits/exposure: Updating Limit amendments and credit relevant data updates in the credit system

Operational Risk Management (ORM)

• Identify areas of risk challenges and monitor emerging risks to provide insights.

• Preparation and analysis of decision-making materials (such as reports, dashboards, etc) for effective Risk Monitoring.

• Ensure appropriate messaging in various Senior Management Forums based on read across Risk information (e.g. loss themes, metrics, Findings/SIIs and other contextual information).

• Perform Quality Assurance on New Product/ Transactions in the Bank and other Risk Framework inputs like Events and Self-Identified issues.

Market and Valuation Risk Management (MVRM)

• Market Risk Analysis & Control (MRAC)

• Production and data analytics of risk metrics at asset and portfolio level.

• Impact analysis of change in market data on market risk metric

• Execution of market risk calculation processes and process enhancements. Management of Front-to-back SLAs and KPI's.

• Market risk and stress testing analytics

• VaR (primarily Historical Simulation based) and backtesting analysis at Asset Class and Portfolio level

• Create / update market data models to incorporate in VaR calculation

• Impact analyses of impending regulatory changes as well as ongoing methodology and system enhancement related changes

• Automation through usage of Python, Tableau and other internal strategic architecture

Valuation Risk (VR)

• Perform the IPV (Independent Price Verification) processes on vanilla & exotic products like Bonds, IR Swaps, Swaption, Inflation Swaps, Inflation Options, CDS, FX Options, etc. analyze and explain the outputs, identify drivers for variance, and publish the results to a broader audience.

• Discuss price testing results, fair value and model reserves, general modelling issues / uncertainties with front office and reporting on suitability for specific products / markets

• Prepare MIS pack presentation and report the same to senior Management, Front Office, Risk Management, and Finance.

• Take ownership of the process and models, thoroughly understand the underlying financial and mathematical concepts, and make changes / improvements, in consultation with other stakeholders, if situation warrants

Enterprise Risk Management (ERM)

• Coordinate accountability of critical risk reports, including delivery / write-up of thematic key risk development updates

• Undertake targeted (cross) risk reviews, challenge stakeholder input and clearly articulate recommendations in a timely manner

• Accountable for the timely delivery of input deliveries across risk types, provide guidance on timelines, expected content etc

• Perform quality control checks over incoming and outgoing deliveries (both content and format)

Your skills and experience

• Relevant professional qualifications are MSc / MA / MBA / CA / CFA, etc. Experience/ understanding of Risk within the Financial Market / Investment Banking industry and In-depth understanding of other Risk measurement Strong analytical skills, knowledge of financial markets and economic/industry trends

• Strong accounting background, knowledge of financial ratios, financial statement analysis, cash flow projections or project finance

• Excellent communication skills, ability to articulate technical and financial topics with global stakeholders

• Problem-Solving and Critical Thinking

• A reliable team player with the motivation to work in a dynamic, international and diverse environment

• A committed and motivated individual and ability to multi-task and deliver under tight deadlines

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.

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