Vice President - Market Risk - Portfolio Risk Team - Bank

Market Risk Management (MRM) & Methodology provides an independent view of market risks to Deutsche Banks senior management and manages Deutsche Banks Market Risk position in an independent and neutral way.

The Market Risk Analysis and Control (MRAC) function is responsible for the provision of all official market risk metrics and core analysis in support of risk management decision making, on behalf of the Market Risk Management department.

The team has a global presence with staff located in London, New York, Berlin, Singapore, Mumbai and Bangalore.

The team operates a business/asset class and risk metric aligned organisational matrix supported by central functions.

Functionally the team is organised as follows:

- Portfolio Risk - Portfolio Risk provides a cross asset top-down view for senior management to understand the various market risks across the trading and banking landscape that DB Group is exposed to; including highlighting material risks whether they are driven by individual trades or caused by concentrations or market liquidity concerns. In collaboration with the Market Risk Managers the team designs the risk appetite and risk identification frameworks ensuring a consistent adoption of industry leading standards. The team works closely with Market Risk Managers covering all asset classes along with other key stakeholders across the enterprise.

- Asset Class Teams own the front to back process for the asset class, infrastructure optimization, provision of analysis and commentary across all relevant risk metrics, market data optimization, MRM management interface

- Metric Production - risk position data validation, calculation and reporting of all official market risk exposures and metrics

- Strategic Production implementation of Historical Simulation and FRTB calculations, processes, controls and reporting

- Run the Bank (RTB) Change - continuous improvement, business process re-engineering, stability and process optimisation, test execution management

- Data Quality and Operational Governance - data standards, completeness and accuracy, HV Governance framework, BCBS compliance, governance, documentation (KOP)

- Reporting strategic reporting and related data requirements, optimisation of reporting inventory and production, branding and quality of key reports

- COO organisational development, audit management, regulatory liaison

Position Specific Responsibilities and Accountabilities

This role is within the Portfolio Risk team. The primary responsibilities are:

- Identify the top and emerging risks each week, including sourcing the relevant information from other teams in MRAC and the business MRMs

- Summarise key changes in all portfolio metrics in a manner suitable for senior management consumption; this will involve working closely with MRAC and the business MRMs

- Review and understand the historical simulation VaR, including staying abreast of the development of this metric

- Perform deep dive analysis into concentrations of risk or emerging items of interest, providing high quality and accurate information at a level for senior management consumption

- Perform analytical analysis of our limit to generate proposals for limit changes and for new limits

- Support the analysis and communication of portfolio level topics to senior management and their committees

- Develop necessary tools to facilitate more efficient analysis of risk

Experience/Exposure

- University degree in Economics, Mathematics or other quantitative subject.

- Experience in Market Risk within the Financial Market / Investment Banking industry (other relevant backgrounds e.g. Trading, Product Control, IPV will also be considered)

- Familiarity / experience with key regulatory deliverables and developments in stress

- Strong banking knowledge and experience, including knowledge of more than one traded asset class

- Conversant & interested in macroeconomic / geopolitical events, both current and historical Knowledge and experience of Basel III / CRD IV regulatory environment.

- Good understanding of other Market Risk measurement techniques e.g. VaR, RNiV, Economic Capital, IRC

- Excellent communication skills; ability to articulate technical and financial topics with global stakeholders

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

- A committed and motivated individual for self-development and growth

- Strong interpersonal skills and ability to build relationships across different stakeholder groups

- Able to multi-task and deliver under tight deadlines

- MS Office proficient, especially Excel and PowerPoint. VBA / SQL skills would be advantageous

Education/ Qualifications

- Relevant post graduate qualifications e.g. MA, MSc, CFA, FRM would be advantageous.