Market Risk Manager Securitization / Structured Credit - Vice President

Deutsche Bank AG; New York (NY); Hybrid; USD 125,000 - 223,000; Full time

Benefits offered by this job

Hybrid working model

Competitive compensation packages

Retirement savings plans

Job summary

Deutsche Bank AG in New York, NY is seeking a Market Risk Manager at Vice President level to oversee market risk for fixed income and related activities. The role involves collaborating with traders, quants, and IT to monitor risk, set risk appetite, and optimize risk-reward within the firm’s framework.

The successful candidate will analyze VaR, stress tests, and capital efficiencies, contribute to CCAR reporting, and ensure governance policies are applied while working in a hybrid office/remote

Qualifications

• Moderate experience in market risk management, with exposure to structured finance.
• Ability to communicate and influence across traders, quants, and IT.
• Experience in challenging pricing and hedging based on market dynamics.

Responsibilities

• Set risk appetite for each business level and monitor risk in real time.
• Monitor daily limit utilizations and report exposures to front office and risk management.
• Analyze stress test scenarios and guide hedging strategies and capital allocations.
• Support CCAR reporting and assess portfolio RWA and stress utilization.

Skills

Market risk management

Communication

Hedging strategies

Credit risk analysis

AI tools

Team collaboration

Job description

Job Title: Market Risk Manager Corporate Title: Vice President Location: New York, NY

Overview

The position is within Market Risk Management, which is responsible for managing trading and fair value banking book risk for a breath of credit businesses including Securitization, Commercial Real Estate and Structured Credit within Deutsche Bank. Market Risk Management (MRM) carries out this responsibility independently providing a comprehensive view of market risks to Senior Management. The professional will ensure that Business units of the Bank optimize the risk-reward relationship and do not expose the Firm to unacceptable losses. We are looking for a Self-motivated professional who can work well in a fast paced environment, collaborating within a team, and interacting with traders, quants, research, etc. on a daily basis. Prior experience with fixed income products are preferred.

What We Offer You

• A diverse and inclusive environment that embraces change, innovation, and collaboration
• A hybrid working model, allowing for in-office / work from home flexibility, generous vacation, personal and volunteer days
• Employee Resource Groups support an inclusive workplace for everyone and promote community engagement
• Competitive compensation packages including health and wellbeing benefits, retirement savings plans, parental leave, and family building benefits
• Educational resources, matching gift and volunteer programs

What You’ll Do

• Set appropriate Risk Appetite for each business level. Sit with the traders and monitor and manage risk real time on a day-to-day basis
• Monitor daily limit utilizations, evaluate limit frameworks and communicate risk exposure and breaches to front office and senior risk management
• Analyze stress test scenarios and direct hedging strategies based on economics, VaR,stress test and capital efficiencies. Advise business on stress/capital capacity allocations and hedging strategies.
• Ability to understand risk contributors and drivers of VaR, Economic Capital and Stress loss.
• Support Comprehensive Capital Analysis Review (CCAR) quarterly, semi-annual, and annual reporting requirements. Evaluate portfolio capital efficiencies and identify positions with material Risk Weighted Assets (RWA) and stress utilizations.
• Ensure internal and external governance policies are being effectively applied.

How You’ll Lead

• Market Risk Management: highlighting key risks and new important trades/products and escalating emerging risks, concentrated positions, and any risk position that is particularly vulnerable to plausible stress scenarios or current market conditions
• Front Office: challenging the desk on the aforementioned set of risks and work cooperatively to allow the growth of the Business within the Firm’s risk appetite.
• Portfolio and Stress Testing team: working together with these teams to ensure the key risk positions of the Business covered are well represented in their aggregated metrics

Skills You’ll Need

• Moderate experience in market risk management, either as a second line (market risk) or as a first line (trading, structuring) of defense, ideally covering Structured finance. Experience in roles such as valuation will be considered, if the candidate can show a great understanding of the market risks arising from trading positions. Having experience with Securitized products (CLO, CMBS, ABS) is also a plus.
• Ability to communicate and influence across broad audience such as traders, strats, stress testing teams, IT etc.
• Experience in challenging pricing, flexing and hedging strategies based on market dynamics.
• Some knowledge of credit risk analysis with keen insights into what is driving credit exposures
• Ability to run projects independently and build strong relationships across the Bank
• Proven ability to leverage AI tools to enhance productivity, optimize workflows to solve business problems, while applying critical judgment to ensure responsible and ethical use of data and AI outputs

Skills That Will Help You Excel

• Experience in Market Risk Management, ideally in covering Structured Finance.
• Familiarity with current regulatory initiatives such as Fundamental Review of Trading Book (FRTB), Volcker, stress testing
• Experience in assessing, quantifying and implementing appropriate portfolio stress tests
• High standards of integrity and a commitment to ‘doing the right thing’
• Team player with great communication skills

Expectations

It is the Bank’s expectation that employees hired into this role will work in the New York, NY office in accordance with the Bank’s hybrid working model. Deutsche Bank provides reasonable accommodations to candidates and employees with a substantiated need based on disability and/or religion.

The salary range for this position in New York City is $125,000 to $222,500. Actual salaries may be based on a number of factors including, but not limited to, a candidate’s skill set, experience, education, work location and other qualifications. Posted salary ranges do not include incentive compensation or any other type of remuneration.

At Deutsche Bank, we recognize that our benefit programs have a profound impact on our colleagues. That’s why we are focused on providing benefits and perks that enable our colleagues to live authentically and be their whole selves, at every stage of life. We provide access to physical, emotional, and financial wellness benefits that allow our colleagues to stay financially secure and strike balance between work and home.

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.

Qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, protected veteran status or other characteristics protected by law.

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For over 150 years, our dedication to being the Global Hausbank for our clients has been driven by our people – in around 60 countries and across more than 150 nationalities. Their deep understanding, insights, expertise, and passion help our clients navigate an increasingly complex world – be it in our Corporate Bank, our Private Bank, our Investment Bank or our Asset Management (DWS) division. Together we can make a great impact for our clients at home and abroad, securing their lasting success and financial security.