Market Risk Manager

Deutsche Bank; Greater London; Hybrid; GBP 110,000 - 160,000; Full time

Benefits offered by this job

Hybrid working

Competitive salary + pension

30 days holiday

Life Assurance & Private Healthcare

Flexible benefits

CSR volunteering leave

Job summary

Deutsche Bank in the UK is seeking a Market Risk Manager at Director level to cover the global Energy business. You will work with a team delivering independent market risk oversight and support the expansion of the Energy trading business.

You’ll manage market risk within the bank and contribute to risk metrics and control infrastructure. The role focuses on risk-reward optimisation, collaboration with risk management and control groups, and development of robust risk methodologies.

Qualifications

• Solid experience in market risk management within a regulated investment bank environment preferred.
• Significant experience in Commodity markets and energy products.
• Strong technical and analytical skills including statistical analysis and risk modeling.

Responsibilities

• Engage Front Office desk heads and senior traders on exposures, valuations, and risk appetite; escalate issues to senior CRO management.
• Ensure risk completeness and accuracy; maintain limit frameworks and risk appetite aligned with infrastructure.
• Collaborate with Market Risk teams and Risk Methodology Strats to implement valuation processes, risk metrics, stress testing and reporting infrastructure.
• Highlight and review key risks and new trades/products; escalate emerging risks and stressed scenarios.
• Front Office: challenge desk on key risks while enabling growth within risk appetite.
• Work with Risk Methodology Strats to ensure metrics are represented in overall portfolio metrics.

Skills

Market risk management

Commodity markets

Energy markets

Python

SQL

Risk governance

Tools

Python

SQL

Job description

Job Title Market Risk Manager

Location London

Corporate Title Director

As a Market Risk Manager responsible for coverage of the global Energy business, you will work with a team whose mission is to provide effective market risk oversight while supporting the expansion of the Energy trading business.

You will be responsible for managing market or fair value risk within Deutsche Bank and will carry out this responsibility in an independent and neutral way, providing a comprehensive and independent view of market risks to management. You will also be centrally responsible to support the development of effective control infrastructure, risk metrics, and risk methodology.

The primary objective of Front Office (FO)-facing market risk managers is to ensure that business units of the Bank optimise the risk-reward relationship, and do not expose it to unacceptable losses. This risk-reward objective drives the activities conducted within MVRM, 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 to enable risk to be taken where it is most optimal given the rewards and capital consumption.

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.

• 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

• Engage and challenge Front Office (FO) desk heads and senior traders with respect to exposures, valuations, new business, market activity, risk culture, controls, and risk appetite; elevate risk exposures and issues as required to senior management within the CRO function, as highlighted by daily monitoring of exposures against limits, driving both the articulation and adherence to risk appetite.
• Ensure risk completeness and accuracy, limit frameworks and appetite are commensurate with infrastructure, and that the “risks-not-in” framework is fully elaborated
• Partner with other Market Risk teams, and other Risk management functions (e.g. Valuation Risk, Market Risk Analysis and Control, and Risk Methodology Strats), to ensure that the full suite of valuation processes, risk metrics, stress testing and reporting infrastructure, and controls, are developed and implemented to support the commercial build-out of the Energy businesses.
• Highlight and review key risks and new important trades/products, approving where necessary, and escalating emerging risks, concentrated positions, and any risk position that is particularly vulnerable to plausible stress scenarios or current market conditions
• Front Office: challenge the desk on the key risks as above, and work co-operatively to allow the growth of the business within the firms’ risk appetite
• MDSA and Risk Methodology Strats teams: while you retain ultimate ownership and accountability for the outcomes, work closely with these teams to ensure metrics and methodologies for capturing the key risk positions of the business covered are well represented in their aggregated portfolio metrics

Your Skills And Experience

• Solid experience in market risk management, either within the second line (market risk) or first line (trading, structuring). Experience within a regulated investment bank environment strongly preferred
• Significant experience in Commodity markets. Detailed knowledge of energy products and markets is essential. Importantly, a solid understanding of the impact of financial and economic events on markets and market risk positions are key
• Experience leading and delivering change within a large organisation within the Financial Markets or Investment Banking industry
• Strong technical and analysis skills (Statistics, Time Series, knowledge of Python and SQL desirable) including financial pricing and risk models. Knowledgeable of market risk controls and governance frameworks, with strong experience in defining, implementing and running “Risks-Not-in” and stress tests
• Experience risk managing flow and exotic derivatives, ideally obtained within an investment bank
• High standards of integrity and a commitment to ‘doing the right thing’
• Proven ability to leverage AI tools to enhance productivity, optimise workflows to solve business problems, while applying critical judgment to ensure responsible and ethical use of data and AI outputs

How We’ll Support You

• Training and development to help you excel in your career
• A culture of continuous learning to aid progression
• A range of flexible benefits that you can tailor to suit your needs

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 be named in The Times Top 50 Employers for Gender Equality and has been awarded a Gold Award from Stonewall and named in their Top 100 Employers .

If you have a disability, health condition, or require any adjustments during the application process, we encourage you to contact our Adjustments Concierge on [e-mail] to discuss.

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.