Vice President of Market Risk Manager

Responsibilities

• 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
• Set appropriate Risk Appetites for each business level and sit with the traders, communicate risk strategies and monitor and manage risk in 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
• Pre‑approve equity financing transactions such as call spreads, collars, margin loans, and accelerated share repurchases ahead of desk bidding, including pre‑trade 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 working 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

• Expectation to challenge the pricing and hedging strategies for equity financing transactions and/or block trades
• Having an understanding or experience covering securitized products is also a plus
• 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
• Ability to run projects independently and build strong relationships across the Bank
• Strong experience in markets‑related roles with an emphasis on market risk management
• Team player with great communication skills
• High standards of integrity and a commitment to ‘doing the right thing’
• 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
• Experience in Market Risk Management, ideally in covering an equity business (incl derivatives)