European Rates - Rates Market Risk Manager

Deutsche Bank; London; Hybrid; GBP 80,000 - 100,000; Full time

Job summary

A leading international bank in London is seeking an experienced Market Risk Manager to oversee risk management for Europe Linear, Collateral, and Funding desks. The ideal candidate should have substantial market risk experience, particularly in rates products, and demonstrate strong critical thinking and communication skills. This role offers a hybrid working model, competitive salary, and various employee benefits.

Benefits

Hybrid Working

Competitive salary and non-contributory pension

30 days’ holiday plus bank holidays

Life Assurance and Private Healthcare

Flexible benefits including Retail Discounts

CSR programme support and volunteering days

Qualifications

• Solid experience in market risk management or similar roles.
• Ability to analyze large amounts of data critically.
• Experience in understanding rates products and trading.

Responsibilities

• Develop and maintain risk control frameworks for desks.
• Monitor daily risk and Value-at-Risk (VaR) exposures.
• Challenge trading desks regarding risk exposures.

Skills

Market risk management

Understanding of rates products

Critical thinking

Integrity and ethical judgement

Fast-paced environment adaptability

Familiarity with regulatory initiatives

Job description

Job Description:

Job Title European Rates - Rates Market Risk Manager

Location Director

Corporate Title London

The Chief Risk Office function has Group-wide responsibility for the management and control of all credit, market, operational, enterprise and liquidity risks and has the responsibility of continual development of methods for risk measurement, frameworks and creating a bank wide strong risk culture.

As a Market Risk Manager, you will ensure the effective risk management and oversight of Europe Linear, Collateral and Funding and CSS desks. 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, provide effective daily risk management, help with risk appetite calibrations, stress testing, framework improvement and reporting and strive for efficiency and streamlining of processes.

What we’ll offer you

A healthy, engaged and well-supported workforce are better equipped to do their best work and, more importantly, enjoy their lives inside and outside the workplace. That’s why we are committed to providing an environment with your development and wellbeing at its centre.

You can expect:

• Hybrid Working - we understand that employee expectations and preferences are changing. We have implemented a model that enables eligible employees to work remotely for a part of their working time and reach a working pattern that works for them

• Competitive salary and non-contributory pension

• 30 days’ holiday plus bank holidays, with the option to purchase additional days

• Life Assurance and Private Healthcare for you and your family

• A range of flexible benefits including Retail Discounts, a Bike4Work scheme and Gym benefits

• The opportunity to support a wide ranging CSR programme + 2 days’ volunteering leave per year

Your key responsibilities

• Developing, implementing, and maintaining risk control framework for the Europe Linear, Collateral and Funding and CSS desks

• 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)

• Keeping abreast of latest news and possible implications to the markets and the positions that the desk runs

• Liaising with and challenging the trading desks with respect to exposures, new business and market activityand driving risk management infrastructure development

• Managing a team of two other market risk managers, supporting their growth and development

• Assuming full responsibility for the second line of defence of the businesses covered, setting the risk appetite and highlighting, escalating and challenging key risks.

Your skills and experience

• Solid experience in market risk management, or roles that involve understanding of market risks (such as trading or structuring)

• Experience and understanding of rates products

• 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.

• Familiarity with current regulatory initiatives such as Fundamental Review of Trading Book (FRTB), Volcker, stress testing

How we’ll support you

• Training and development to help you excel in your career

• Flexible working to assist you balance your personal priorities

• A range of flexible benefits that you can tailor to suit your needs

• We value diversity and as an equal opportunities’ employer, we make reasonable adjustments for those with a disability such as the provision of assistive equipment if required (e.g. screen readers, assistive hearing devices, adapted keyboards)

About us

Deutsche Bank is the leading German bank with strong European roots and a global network. Click here to see what we do.

Deutsche Bank in the UK is proud to have been named The Times Top 50 Employers for Gender Equality 2025 for six consecutive years. Additionally, we have been awarded a Gold Award from Stonewall and named in their Top 100 Employers 2024 for our work supporting LGBTQ+ inclusion.

We strive for a culture in which we are empowered to excel together every day. This includes acting responsibly, thinking commercially, taking initiative and working collaboratively.

Together we share and celebrate the successes of our people. Together we are Deutsche Bank Group.

We welcome applications from all people and promote a positive, fair and inclusive work environment.