Valuation Risk Lead – Commodities Energy (Hybrid)

Deutsche Bank; Greater London; Hybrid; GBP 120,000 - 190,000; Full time

Benefits offered by this job

Hybrid Working

Competitive salary

30 days holiday + bank holidays

Life Assurance

Private Healthcare

Retail Discounts

Bike4Work scheme

Gym benefits

CSR volunteering leave

Job summary

Deutsche Bank is seeking a Market & Valuation Risk Manager for its London-based Valuation Control team within the CRO. You will oversee the Commodities Energy valuation control, working with global teams to ensure accurate price verification, reserves and IFRS levelling across sessions.

Role involves coordinating with Front Office, Risk and Finance, setting up IPV and prudent valuation processes, and contributing to the new energy business setup.

Qualifications

• Knowledge of valuation aspects of Commodities Energy products.
• Some understanding of accounting and prudent valuation requirements, best practice and market developments.
• Accounting and/or Risk Management qualification (ACA, ACCA, CFA, FRM and/or MSc in Finance or Economics related degree).
• Commodities product knowledge.
• Strong analytical and quantitative skills.
• Ability to communicate clearly and effectively to team members, peers and senior stakeholders.

Responsibilities

• Reviewing daily and monthly Independent Price Verification, Prudential Value, Fair Value Reserves and Levelling results.
• Recommending for approval – New trades, Day1 revenue recognition decisions and running Quarterly Fair Value Levelling and Prudent Valuation processes and reporting.
• Enhancing and developing optimal fair value and prudential valuation methodologies consistent with regulatory technical standards.
• Defining modelling requirements for illiquid products, understanding model pricing limitations, assessing key valuation risks and uncertainties and dealing with them appropriately.
• Developing productive relationships with the business, external stakeholders (Audit, Regulators, Data providers) and internal stakeholders (MRM) to ensure that Valuation Risk processes are appropriate and optimally designed to support the provision of services to our clients.
• Working closely with colleagues across the bank including Front Office wider MVRM teams. You will face off to senior traders, support the Valuation function in setting up of Energy business and overseeing implementation of all aspects of valuation control including reviewing and approving IPV, reserves, IFRS Levelling, PruVal etc. engaging with stakeholders across Front Office, Risk and Finance.

Education

ACA, ACCA, CFA, FRM

MSc in Finance or Economics (or equivalent)

Strong analytical and quantitative skills

Clear communication with stakeholders

Job description

Deutsche Bank is seeking a Market & Valuation Risk Manager for its London-based Valuation Control team within the CRO. You will oversee the Commodities Energy valuation control, working with global teams to ensure accurate price verification, reserves and IFRS levelling across sessions.

Role involves coordinating with Front Office, Risk and Finance, setting up IPV and prudent valuation processes, and contributing to the new energy business setup.