Market Risk Manager - Vice President

Overview

The position is within Market Risk Management, which is responsible for managing trading and fair value banking book risk for a breadth of primary and secondary credit and equity businesses including Credit/Equity Trading, Origination, Financing, as well as Residential Mortgage-Backed Security (RMBS), Securitization, Commercial Real Estate (CRE) within Deutsche Bank.

Market Risk Management (MRM) carries out this responsibility independently providing a comprehensive view of market risks to Senior Management. The professional will ensure that Business units of the Bank optimize the risk-reward relationship and do not expose the firm to unacceptable losses. We are looking for a self-motivated professional who can work well in a fast-paced environment, collaborating within a team, and interacting with traders, quants, research, etc.

on a daily basis. Prior experience with cash and derivative equity and/or fixed income products is preferred.

• A diverse and inclusive environment that embraces change, innovation, and collaboration

• A 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

• Set appropriate Risk Appetites for each business level and sit with the traders, communicate risk strategies and monitor and manage risk real time on a daily basis

• Monitor intraday and daily limit utilizations, evaluate limit frameworks, and communicate risk exposure and breaches to front office as well as senior risk management

• Analyze key market risk metrics including Value at Risk (VaR), Stress Test, Risk Weighted Assets (RWA), and advise business on effective hedging strategies

• Preapprove equity financing transactions such as call spreads, collars, margin loans, and accelerated share repurchases ahead of desk bidding, including pretrade analysis and approval recommendations for on-risk block trades

• Support Comprehensive Capital Analysis Review (CCAR) quarterly, semi-annual, and annual reporting requirements. Evaluate portfolio capital efficiencies and identify positions with material Risk Weighted Assets (RWA) and stress utilizations

• Ensure internal and external governance policies are being effectively applied

• Market
  
  Risk Management:
  
  highlighting key risks and new important trades/products and escalating emerging risks, concentrated positions, and any risk position that is particularly vulnerable to plausible stress scenarios or current market conditions

• Front Office: challenging the desk on the aforementioned set of risks and work cooperatively to allow the growth of the Business within the Firm risk appetite

• Portfolio and Stress Testing team working together with these teams to ensure the key risk positions of the Business covered are well represented in their aggregated metrics

• Moderate experience in market risk management, either as a second line (market risk) or as a first line (trading, structuring) of defense, ideally covering an Equity options business. Experience in roles such as valuation will be considered, if the candidate can show a great understanding of the market risks arising from trading positions

• Strong experience in markets-related roles with an emphasis on market risk management

• Expectation to challenge the pricing and hedging strategies for equity financing transactions and/or block trades

• Having an understanding/experience covering Securitized products is also a plus

• Ability to run projects independently and build strong relationships across the Bank

• Experience in Market Risk Management, ideally in covering an equity business (incl derivatives)

• Familiarity with current regulatory initiatives such as Fundamental Review of Trading Book (FRTB), Volcker, stress testing

• Experience in assessing, quantifying and implementing appropriate portfolio stress tests

• High standards of integrity and a commitment to  doing the right thing

• Team player with great communication skills

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 $125,000 to $222,500. 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 or any other type of remuneration.

At Deutsche Bank, we recognize that our…