Risk and P&L Specialist - Rates - Associate – Assistant Vice President

Job Description:

Job Title:

Risk and P&L Specialist - Rates Corporate

Title:

Associate – Assistant Vice President

Location:

New York, NYALL ROLES TO BE CONSIDERED Overview

The Kannon Middle Office (KMO) team works in partnership with Trading, Global Strategic Analytics (GSA), Finance, Operations and Technology to facilitate the delivery of accurate and complete trader Risk and PL (RPL) on the Bank’s strategic valuation platform for the FIC business. The team supports multiple Front Office desks, overseeing intraday trade monitoring and end-of-day orchestration. Members are responsible for investigating the root causes of issues and inefficiencies and for delivering immediate solutions where possible.

Coverage spans Rates, Credit and Emerging Markets businesses, with product types including, but not limited to, Derivatives, OTC, Exchange-Traded, and Cash instruments.

Role Overview We are seeking a motivated and detail-oriented candidate to join our team, with a focus on intraday risk monitoring and end-of-day orchestration. You will work directly with trading and operations sitting on the trading floor to ensure trade bookings are complete and correct intraday, proactively monitor for discrepancies, orchestrate the end-of-day close, and assist in the substantiation of position risk tie-out.

What We Offer YouA diverse and inclusive environment that embraces change, innovation, and collaborationA hybrid working model, allowing for in-office / work from home flexibility, generous vacation, personal and volunteer days Employee Resource Groups support an inclusive workplace for everyone and promote community engagement

Competitive compensation packages including health and wellbeing benefits, retirement savings plans, parental leave, and family building benefits

Educational resources, matching gift, and volunteer programs

What You’ll DoMonitor intraday trade bookings to ensure completeness and accuracy in Front Office systems; support the end-of-day closing process, investigating booking issues as needed

Liaise directly with Trading, GSA, and Infrastructure teams to escalate and remediate breaks

Investigate root causes of operational issues and inefficiencies, proposing immediate solutions where possible

Contribute to improving trade processing workflows, with a focus on control and automation

Maintain a strong understanding of key product types: IR Swaps, Index and Single Name CDS, Bonds, Futures etc Assist with queries to substantiation PnL variances between Trader expectation to Risk calculator pricing

Skills You’ll Need Degree in Finance, Mathematics, Economics, or related field. A relevant professional qualification (CFA, ACA) or Master’s degree is preferred

Proven experience in a Market Risk, Middle Office, Product Control, or Risk and PnL role within an investment bank or financial institution;
Python for automation is an advantage

Strong product knowledge across Fixed Income and Credit derivatives

Excellent communication skills, with the ability to engage confidently with Trading and Infrastructure stakeholders; logical thinker with strong problem-solving and analytical skills

Ability to work under pressure and to meet tight deadlines in a fast-paced trading environment; proactive, team-oriented attitude with a strong attention to detail

Skills That Will Help You Excel Familiarity with Front Office risk and booking systems

Understanding of Front-to-Back trade flows and operational risk controls

Prior exposure to risk based explains, or end-of-day risk processesA curious mindset with a drive for continuous improvement

Expectations

It is the Bank’s expectation that employees hired into this role will work in the New York office in accordance with the Bank’s hybrid working model.

Deutsche Bank provides reasonable accommodations to candidates and employees with a substantiated need based on disability and/or religion.

The salary range for this position in New York City is $85,000 to $142,250. Actual salaries may be based on a number of factors including, but not limited to, a candidate’s skill set, experience, education, work location and other qualifications. Posted salary ranges do not include incentive compensation…