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Kannon Risk and Profit & Loss (RPL) Specialist
Deutsche Bank
London
Hybrid
GBP 45,000 - 55,000
Full time
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Job summary
An established industry player is seeking a Kannon Risk and Profit & Loss Specialist to join their dynamic team in London. This role involves collaborating with Trading and Operations to ensure accurate trade bookings and resolving discrepancies. You will be instrumental in enhancing trade processing workflows and improving operational efficiencies. The company offers a hybrid working model, competitive salary, and a comprehensive benefits package, including generous holiday allowances and private healthcare. If you're a logical thinker with strong analytical skills and a passion for finance, this opportunity is perfect for you.
Benefits
Qualifications
- Educated to degree level or equivalent in Finance, Mathematics, or Economics.
- Previous experience in a Middle Office or Risk and PL role within a financial institution.
Responsibilities
- Monitor intraday trade bookings for accuracy in Front Office systems.
- Support end-of-day close process and investigate booking issues.
Skills
Education
Job description
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Join to apply for the Kannon Risk and Profit & Loss (RPL) Specialist role at Deutsche Bank
Position Overview
Position Overview
Job Title Kannon Risk and Profit & Loss (RPL) Specialist
Location London
Corporate Title Assistant Vice President
The Kannon Middle Office (KMO) team partners closely with Trading, Global Strategic Analytics (GSA), Finance, and Operations to facilitate the delivery of accurate and complete trader Risk and PL (RPL) on the Bank’s strategic valuation platform.
We directly support the Fixed Income & Currencies (FIC) business, ensuring that technical and operational issues impacting intraday trade bookings, and end-of-day risk tie-outs are quickly substantiated and resolved. The team supports multiple Front Office desks, overseeing intraday trade monitoring and end-of-day orchestration.
Members are responsible for investigating the root causes of issues and inefficiencies and for delivering immediate solutions where possible. Coverage spans Rates, Credit, and Emerging Markets businesses, with product types including, Derivatives, Over-the-Counter (OTC), Exchange-Traded, and Cash instruments. You will have a strong working knowledge of these products and good understanding of how they are priced.
You will work directly with trading and operations sitting on the trading floor to ensure trade bookings are complete and correct intraday, proactively monitor for discrepancies, orchestrate the end-of-day close, and assist in the substantiation of position risk tie-out.
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
- Monitor intraday trade bookings to ensure completeness and accuracy in Front Office systems
- Support the end-of-day close process, investigating booking issues as needed
- Liaise directly with Trading, GSA, and Infrastructure teams to escalate and remediate breaks
- Investigate root causes of operational issues and inefficiencies, proposing immediate solutions where possible
- Contribute to improving trade processing workflows, with a focus on control and automation
- Maintain a strong understanding of key product types (Interest Rate Swaps, Index and Single Name credit default swaps (CDS), Bonds, Futures). Assist with the substantiation of PL variance
- Educated to degree level or equivalent qualification/work in Finance, Mathematics, Economics, or related field. A relevant professional qualification (Chartered Financial Analyst/Associate Chartered Accountant (CFA/ACA) preferred
- Previous experience in a Middle Office, Product Control, or Risk and PL role within an investment bank or financial institution
- Good product knowledge across Fixed Income and Credit derivatives
- Strong communication skills, with ability to engage confidently with Trading and Infrastructure stakeholders
- Logical thinker with strong problem-solving and analytical skills
- Python for automation is an advantage
- Coaching and support from experts in your team
- 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 (for example, screen readers, assistive hearing devices, adapted keyboards)
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 in The Times Top 50 Employers for Gender Equality 2024 for five 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.
- Seniority levelNot Applicable
- Employment typeFull-time
- Job functionOther
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