Market & Valuation Risk Management – Rates – Vice President

Deutsche Bank•New York, NY

4d•$125,000 - $203,000•Hybrid

About The Position

The Vice President will serve as a Valuation Risk Manager covering Rates, ensuring effective risk management focused on Independent Price Verification (IPV) across interest rate products and derivatives in the Americas region. The role covers a broad range of Rates businesses, with particular emphasis on Mortgage-Backed Securities desks—including Agency MBS and Collateralized Mortgage Obligations—and the Public Finance & Solutions desk, including Municipal Bond Trading, Social Infrastructure, Affordable Housing and E-Trading. As part of the Valuation Risk team within Credit Risk Operations, the role covers IPV, fair value reserving, prudent valuation, methodology review, Day 1 Profit & Loss, leveling and the control framework. The position requires strong understanding of financial instruments, valuation methodologies and market data, and the ability to drive strategic initiatives and maintain robust controls. It also involves regulatory and internal projects and daily interaction across the organization, including Front Office, other Risk areas, Technology and Finance. The role is based in New York under the Bank’s hybrid working model. The salary range is $125,000 to $203,000; incentive compensation and other remuneration are not included in the stated range.

Requirements

Degree in Mathematics, Sciences, Finance, Engineering or Business.
Extensive experience in a markets or investment banking environment in valuation, risk management, Front Office (such as trading or structuring), or product control.
Deep understanding of financial instruments and markets, with expert knowledge across a broad range of Fixed Income, particularly Rates products and derivatives, and cash products across MBS and Municipal bonds.
Proven ability to use AI tools to enhance productivity and optimize workflows while applying critical judgment to ensure responsible and ethical use of data and AI outputs.
Stakeholder management skills and the ability to build and maintain strong relationships with the Business and Senior Management, influence decisions and manage expectations.
Project management skills, including maintaining updated plans and tracking work along the critical path.
Ability to troubleshoot and communicate complex topics and issues effectively to Senior Management.

Nice To Haves

MS or higher education.
Postgraduate finance-related qualification, such as CFA or FRM.
Knowledge of Yield Book, Intex and DCF modelling.
Ability to manage junior staff, onshore and offshore, as the role develops.

Responsibilities

Oversee monthly and intra-month Independent Price Verification across the Rates business, focusing on municipal bonds and derivatives as well as Mortgage-Backed Securities.
Partner with Front Office Trading and Strats on significant items, emerging valuation risks, new-business growth and initiatives, and challenge where necessary.
Engage Senior Management and key stakeholders, including Front Office heads, Risk managers, Finance and IT, on significant matters.
Serve as a key contact for internal and external auditors and regulators on IPV matters for the business area.
Work with global teams to deliver the overall valuation agenda and controls.
Drive optimization efforts in the Rates business, focusing on methodologies, innovation and robust automated controls, including integration of AI.
Maintain independence, objectivity and ethical conduct in the IPV function.
Mentor junior team members and potentially manage junior staff, both onshore and offshore.