MVRM Valuation Risk Management – Rates - Vice President

Deutsche Bank • New York, NY

11d • Hybrid

About The Position

As a Valuation Risk Manager covering Rates, you will ensure effective risk management focused on Independent Price Verification (IPV) across interest rate products and derivatives for the Americas region. The Rates area includes a variety of sub-businesses such as Options, Swaps, Exotics, Repo, Treasuries, Inflation, MBS, etc. You’ll be an integral part of the Valuation Risk team focusing on all aspects of valuation including IPV, fair value reserving, prudent valuation, methodology review, Day 1 P&L, leveling and control framework. This role demands a strong understanding of financial instruments, valuation methodologies, market data, and a proven ability to drive strategic initiatives and foster a robust control environment. This includes managing relevant regulatory and internal projects. Also, as the Valuation Team sits within CRO you will be integrated on the Market Risk side and interact daily across the entire organization including Front Office, other Risk areas, Technology and Finance.

Requirements

• Math(s), Sciences, Finance, Engineering, Business degree. MS or higher education, an advantage.
• Post graduate finance-related qualification (i.e., CFA or FRM), an advantage
• Extensive experience in a markets or investment banking environment in a valuation, risk management, front office (i.e. trading\structuring) or product control capacity
• Deep understanding of financial instruments and markets; expert knowledge across a broad range of Fixed Income, most notably rates products and derivatives including options, Bermudans, Accreters, exotics, inflation, swaps and cash products

Nice To Haves

• Stakeholder management and exceptional ability to build and maintain strong relationships with the Business and Senior Management influencing decisions and managing expectations
• Project Management skills; keeping updated plans and tracking along critical path
• Ability to troubleshoot and communicate complex topics and issues to Senior management in an effective manner

Responsibilities

• Oversight of monthly and intra-month Independent Price Verification (IPV) across the Rates business with a key focus on interest rate derivatives namely options and exotics
• Partner regularly with Business (Front Office Trading) and Strats on the most significant items including emerging valuation risks, support new business growth and initiatives and challenge where necessary
• Engage with Senior Management around significant matters as well with key stakeholders including Front Office heads, Risk managers, Finance and IT
• Key contact for internal and externa auditors and regulators on IPV matters for business area. In addition, lead with global teams delivering on overall valuation agenda and controls
• Be innovative around optimization efforts within Rates business with focus on methodologies, innovation and robust automated controls with a focus on integrating AI
• Lead by your integrity and professionalism and unwavering commitment to ethical conduct and maintaining independence and objectivity in the IPV function
• Mentor junior team members and in future may manage junior staff both on & offshore

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
• Number of Employees: 5,001-10,000 employees