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