DEUTSCHE BANK SECURITIES INC. dba Deutsche Bank Market Risk Manager - VP in New York, New York

Job Title:
Market Risk Manager - VP
Job ID:
New York
Full/Part Time:

The Risk division has a fundamental responsibility to protect the Bank. With group-wide responsibility for the management and control of credit, market, operational and reputational risks, we have a unique vantage point which allows us a holistic view of our businesses and our clients. Nearly 4,000 employees work together to achieve our ambition to be an industry-leading risk management organisation.

In an increasingly complex environment, risk management is fast-becoming the most sought after place to build a career within the banking world. Risk at Deutsche Bank is relied upon to help shape the strategy of the organisation and the wider industry agenda.

The Market Risk Management (MRM) department is responsible for managing market or fair value risk within Deutsche Bank. MRM carries out this responsibility in an independent and neutral way, providing a comprehensive and independent view of market risks to management.

The primary objective of MRM is to ensure that business units of the Bank optimize the risk-reward relationship and do not expose it to unacceptable losses. This objective drives all of the activities conducted within MRM and we work closely with risk takers, risk managers and control and support groups in the process to ensure these objectives can be met.

The activities of the department are not directed purely at the "risk" side of the equation, but rather at risk, reward and capital. Thus, the focus is not on restricting people from taking risk, but also encouraging risk to be taken where it is most optimal given the rewards and capital consumption.

You will have:

The ability to quickly develop credible working relationships within a team as well as other departments

A strong desire to further your career as a FO facing Market Risk manager

Previous experience in markets-related roles with an emphasis on market risk management

Excellent time management skill and the ability to prioritize your workload appropriately

Strong technical and analysis skills (Excel, VBA or similar, statistics, time series)

A degree or higher in Maths, Physics, Engineering, Quantitative Finance or similar

A good understanding of VaR and VaR methodologies

You will be:

Detail and process-orientated

A market risk manager with experience in OTC derivatives, ideally obtained in FX, Equities, Rates or similar

Knowledgeable of market risk controls and governance frameworks

Experienced with applicable pricing models in use within a FX derivatives business

Very knowledgeable of commonly traded flow products including rationales, flows and risks (including structural, non-linear, cross, model etc)

Excellent written and verbal communication skills

Experienced in defining, implementing and running RNIVs and stress tests

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Deutsche Bank is an Equal Opportunity Employer - Veterans/Disabled and other protected categories.