US Rates - Rates Market Risk Manager – Vice President

Deutsche Bank • New York, NY

4d • $125,000 - $222,500 • Hybrid

About The Position

As a Market Risk Manager covering Rates, you will ensure the effective risk management and oversight of the US Rates business, which includes a variety of sub-businesses such as Repo, Treasuries, Swaps, Options, Exotics, RMBS and Munis. You will join a team of risk managers sitting on the trading floor and directly coordinating with traders and other business partners to help support business expansion initiatives, daily risk management, help with risk appetite calibrations, improve framework and reporting, and strive for efficiency and streamlining of processes. You will provide independent challenge and clear risk insight to senior stakeholders, supporting informed decisions across the US Rates franchise.

Requirements

• Extensive experience in market risk management, trading, structuring which involves understanding of market risks
• Experience and understanding of rates products – Repo, Treasuries, Swaps, Options, Inflation, RMBS, Munis, Affordable Housing Loans etc
• Critical thinking with ability to understand and analyse large amount of data and think outside the box
• High standards of integrity and a commitment to ‘doing the right thing’ i.e. ability to challenge the Business
• Experience and ability to work in a fast-paced environment, working with a variety of teams, communicating well and concisely
• Proven ability to leverage AI tools to enhance productivity, optimize workflows to solve business problems, while applying critical judgment to ensure responsible and ethical use of data and AI outputs

Nice To Haves

• Keeping abreast of latest news and possible implications to the markets and the positions that the desk runs
• Ability to work independently and manage multiple priorities under time pressure
• Strong communication skills and the ability to explain potentially complex and nuanced transaction structures to relevant stakeholders
• Desire to go above and beyond to exceed expectations with work product
• Demonstrating core Deutsche Bank values, teamwork mindset, entrepreneurial drive and skillset

Responsibilities

• Developing, implementing, and maintaining risk control framework for the US Rates business
• Daily monitoring of risk, stress and Value-at-Risk (VaR) exposures, ensuring risk completeness and accuracy (for example by monitoring closely and understanding the P&L drivers every day)
• Developing and implementing new stress testing analyses to better quantify the different risks that the desk runs
• Keeping abreast of latest news and possible implications to the markets and the positions that the desk runs
• Ensuring internal and external governance policies are being effectively applied
• Liaising with trading desks with respect to exposures, new business and market activity and driving risk management infrastructure development
• Influence senior stakeholders across Trading, Finance, Technology, and other control functions to deliver sound risk decisions
• Drive continuous improvement of risk frameworks, analytics, reporting, and governance processes
• Develop team capability through coaching, knowledge sharing, constructive challenge, and clear accountability

Benefits

• 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
• family building benefits
• Educational resources
• matching gift and volunteer programs

What This Job Offers

• Job Type: Full-time
• Career Level: Executive
• Education Level: No Education Listed