Risk Specialist, Associate

Deutsche Bank; Mumbai; On-site; INR 2,500,000 - 3,500,000; Full time

Benefits offered by this job

Best leave policy

Parental leaves (gender neutral)

Childcare reimbursement

Industry certifications sponsorship

Employee Assistance Program (EAP)

Hospitalization Insurance for you &amp

Accident & Term life Insurance

Health screening for 35+ yrs

Job summary

Deutsche Bank in Mumbai, India, seeks a Risk Specialist for Market Risk and MVRM. You will perform VaR/SVaR impact analyses, ensure data quality for risk calculations, and coordinate market data releases within SLAs while engaging with stakeholders across risk, IT, and control functions.

The role requires 5–8 years in investment banking risk, strong derivatives knowledge, and hands-on data sourcing from Bloomberg, MarkIT, and Reuters. Python skills are essential.

Qualifications

• 5 to 8 years of experience in investment banking, Market Risk, in controlled production environments.
• Good knowledge of financial instruments and understanding pricing of vanilla derivatives across all asset classes.
• Strong understanding of global markets across asset classes and ability to connect macroeconomic events with impact to various market data points.
• Demonstrated excellence in production activities for a financial institution with a strong control culture.
• Experience of change management and implementation of new production processes.
• Hands‑on experience of using external data sources such as Bloomberg, MarkIT & Reuters.
• Programming skills in Python is a must.

Responsibilities

• Applying experience and subject matter expertise to perform RTB tasks such as VaR/SVaR impact analysis and continuous improvement of processes.
• Perform data quality checks to ensure completeness and accuracy of end-of-day data for risk calculations.
• Manage weekly market data releases within SLAs for VaR/SVaR/FRTB/Economic capital calculation and escalate timely.
• Analyze impacts of time-series changes on group level VaR and communicate with stakeholders.
• Liaise with Market risk managers, FO quant, change teams and Methodology for data challenges and regulatory changes.
• Support proxy decisions for time-series choices and maintain data governance.
• Perform stressed-period selection and analyze results for accuracy.
• Help specify requirements and test functionality for new implementations with Risk-IT and Strats.

Skills

Python

Education

Engineering or bachelor’s degree in finance

FRM certification (optional)

Tools

Bloomberg

MarkIT

Reuters

Job description

Job Description:

Job Title- Risk Specialist, AS

Location- Mumbai, India

Role Description

• Market Valuation and Risk Management (MVRM) is responsible for managing market risk and ensuring fair value assessment of Books & Records within Deutsche Bank. The primary market risk objective is to ensure that business units of the bank optimize the risk-reward relationship and do not expose it to unacceptable losses. We work closely with risk takers, risk managers and control and support groups in the process to ensure these objectives can be met.

• Market Data Strategy and Analytics (MDSA) is a function within MVRM that is responsible and accountable for the procurement, analysis and governance of historical market data used as inputs in the key risk metric (eg Value at Risk, Economic Capital, Credit Counterparty Risk, Portfolio Stress Test).

What we’ll offer you

As part of our flexible scheme, here are just some of the benefits that you’ll enjoy

• Best in class leave policy

• Gender neutral parental leaves

• 100% reimbursement under childcare assistance benefit (gender neutral)

• Sponsorship for Industry relevant certifications and education

• Employee Assistance Program for you and your family members

• Comprehensive Hospitalization Insurance for you and your dependents

• Accident and Term life Insurance

• Complementary Health screening for 35 yrs. and above

Your key responsibilities

• Applying experience and subject matter expertise to perform RTB tasks such as VaR/SVaR impact analysis for both Hist Sim Sensi Based and Hist Sim Full Reval, continuous improvement of processes and coordination of changes in market data.

• Perform data quality checks to ensure the completeness and accuracy of EOD data / time series are at par to use for risk calculations.

• Manage weekly market data releases within SLAs for VaR/SVaR/FRTB/Economic capital calculation and ensure timely escalation.

• Analyzing impacts of time-series changes on group level VaR and ability to communicate/coordinate effectively to stakeholders.

• Liaising with Market risk managers, FO quant, change teams and Methodology to perform deep dives on data challenges in new market risk models/methodology changes/RNIV and implementation of new regulations such as FRTB and IHC examination.

• Actively take apart in proxy decision making and come up with appropriate proxy choices for a time- series.

• Perform Stressed-period-selection and analyze results for accuracy and reliability.

• Help specify requirements and test functionality for new implementation and ability to coordinate with Risk-IT and Strats for seamless implementation of new data requirements and process enhancements.

Your skills and experience

• 5 to 8 years of experience in investment banking, Market Risk, specifically in controlled production environments.

• Good knowledge of financial instruments and understanding pricing of vanilla derivatives across all asset classes

• Strong understanding of global markets across asset classes and ability to connect macroeconomic events with impact to various market data points

• Demonstrated excellence in production activities for a financial institution with a strong control culture

• Experience of change management and implementation of new production processes

• Hands‑on experience of using external data sources such as – Bloomberg, MarkIT & Reuters.

• Programming skills in Python is a must

Education | Certification (Recommended):

• Engineering or bachelor’s degree in finance from an accredited college or university with excellent project experience and grades in quantitative and numerical coursework.

• Certification in Financial Risk Management will be a plus.

Business Competencies:

• Communication - Experienced

• Industry Knowledge - Experienced

• Risk Management – Basic

• Innovation – Basic

• Managing Complexity - Basic

Technical Competencies:

• Risk Management – Experienced

• Financial Product Knowledge - Experienced

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

• Coaching and support from experts in your team

• A culture of continuous learning to aid progression

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

About us and our teams

Please visit our company website for further information:

https://www.db.com/company/company.html

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.