Market Risk Manager - Vice President

Deutsche Bank • New York, NY

2d • Hybrid

About The Position

The position is within Market Risk Management, which is responsible for managing trading and fair value banking book risk for a breath 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.

Requirements

• 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

Nice To Haves

• 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

Responsibilities

• 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

Benefits

• 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

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: No Education Listed
• Number of Employees: 5,001-10,000 employees