Regional Head, EMG APAC

In Scope of Position based Promotions (INTERNAL only)

Job Title: Regional Head, EMG APAC - VP

Location: Mumbai, India

Role Description

• In an ever-changing financial landscape, the role of the Risk division has never been more important. A strong risk management culture helps to reinforce Deutsche Banks resilience. The function identifies, aggregates, manages and mitigates risk sacross the core activities of market risk management, operational risk management and credit risk management, supporting the banks strategies whilst protecting its capital and regulatory adherence.
• The Exposure Management Group (EMG) is a core function within the Credit Risk Management. The global team is based in 3 locations - London, Jacksonville, and Mumbai.
• The group is responsible for analyzing pre-deal credit exposures for the whole spectrum of derivative products. The group also performs analysis on counterparty portfolios, highlighting possible extreme movements in MtM driven by market factors and making Credit Risk Management aware of highly structured or highly sensitive transactions. Teams mandate also includes defining clearing / Prime Brokerage margining methodologies, management of the SPV repack portfolio, and review/approval of IMM methodologies in the credit risk engine.
• The team performs comprehensive pre-deal assessment of complex / structured transactions using quantitative/qualitative risk management techniques such as VAR, Potential Future Exposure (PFE), back-testing, scenario / stress testing, dynamic credit hedging & other risk enhancements, and identification of other non-trivial risks. Scope encompasses all Coporate and Investment Banking businesses covering all derivatives/financing products (rates, FX, equity, credit, commodity, emerging markets, structured products).
• This may involve working with existing spreadsheet tools or setting up customized tools which use the banks internal pricing models. We ensure consistency in approaches among the various locations.

Your key responsibilities

• Lead the EMG Mumbai team to ensure objectives are met according to business requirements and in line with the values of the bank.
• Perform analysis of credit risk of individual derivative trades, typically structured, across all products in the firm - fixed income, equities, commodities, emerging markets, asset-backed and foreign exchange for transaction approval and counterparty portfolio assessment.
• Pre-deal trade level initial margin calculation for derivatives & collateral haircut calculation for complex financings
• Daily interaction with credit officers and front office sales, structuring and trading to discuss trade structures
• Perform ad-hoc scenario analyses and stress tests across portfolios of counterparties and business lines.
• Manage escalations related to Initial Margin requirements
• Participate in discussions of risk mitigation for large complex transactions.
• Active involvement with CCR Pre-Deal colleagues globally on transactions, methodology/tool development, and other strategic initiatives

Your skills and experience

• Strong mathematical and statistical background but able to simplify complex concepts for a non-technical audience
• Strong derivative product knowledge across all asset classes and knowledge of financial markets, traded products, and risk concepts
• Good understanding of counterparty credit risk both on trade and portfolio level
• Experienced in methodology development for financial products and ability to communicate technical documents to non-technical audiences
• Understanding of various pricing models
• Excellent interpersonal and analytical skills & a team player
• Excellent communication skills, both written and oral
• Ability to multi-task and prioritize resources among various projects
• Good team-working and team management skills
• Comfortable working across different time zones