AVP - Market Risk Process - Investment Bank

We are looking out for people who have good exposure at Market risk, VaR Calculation, Stress testing,

Job Description

A Passion to Perform. It's what drives us. More than a claim, this describes the way we do business. We compete to be the leading global provider of financial services, balancing passion with precision to deliver superior solutions for our clients. This is made possible by our people: agile minds, able to see beyond the obvious act effectively in an ever-changing global business landscape. As you- ll discover, our culture supports this. Diverse, international and shaped by a variety of different perspectives, we- re driven by a shared sense of purpose. At every level agile minds are rewarded with competitive pay, support and the opportunity to excel.

Role Description

Market Risk Process - AVP

Background

Market Risk Operations is an established function of over 140 staff globally which is dedicated to supporting Deutsche Bank's Market Risk function. The primary role of Market Risk Operations is to provide the following services:

- Analysing and understanding daily changes in Bank's risk profile (VaR, sensitivities, stress tests etc.)

- Value-added analysis to enable Market Risk Management (MRM) to optimally manage risk in conjunction with the business

- Key data management tasks including risk data loading, aggregation, calculation, and reporting

- Market data sourcing and validation

- Drive user testing, training, communication and data migration for all market risk projects affecting quality and timeliness of market risk data

Responsibilities

The specific role comprises the following responsibilities:

- Perform quality controls on risk input feeds and seek validation from data providers on stale or significant changes in risk figures.

- Driving resolution of data related issues by working in collaboration with IT / Middle Office / Finance / MRM

- Explain significant VaR changes in assigned business lines based on sensitivities, volatilities and correlations.

- Perform analysis of Economic Capital (EC) and Stress Testing calculations

- Production of daily / weekly global and business level risk reports

- Working with Market Risk Managers to test and implement new risk calculation methodologies

Requirements

- Educated to degree level - qualified in a numerate discipline

- Experience working in a Market Risk position at an Investment Bank

- Excellent communication skills - ability to discuss and escalate technical and financial issues with global counterparts

- Detailed focused, numerically literate

- Strong technology skills and adaptability to new applications

- Strong focus on internal controls and integrity of data

- Strong skills with Microsoft Office (Excel, PowerPoint, Access)

- Team orientated and self-motivated

- Able to cope well under pressure and meet tight deadlines