Market Risk Manager - Vice President

Deutsche Bank; New York (NY); Hybrid; USD 125,000 - 203,000; Full time

Job summary

An established industry player is seeking a Vice President in Market Risk Management to oversee trading and fair value banking book risk. This role involves collaborating with traders and managing risk in real-time, ensuring that business units optimize risk-reward relationships. The ideal candidate will have a strong background in market risk management, particularly within the credit sector, and will be expected to provide insights into risk contributors. Join a diverse team that values innovation and offers a hybrid working model, competitive compensation, and a commitment to employee wellbeing.

Benefits

Generous vacation days

Health and wellbeing benefits

Retirement savings plans

Parental leave

Educational resources

Volunteer programs

Qualifications

• Experience in market risk management, ideally covering the Credit business.
• Strong understanding of market risks from trading positions.

Responsibilities

• Set appropriate Risk Appetite for each business level and monitor risk daily.
• Analyze stress test scenarios and direct hedging strategies.

Skills

Market Risk Management

Fixed Income Products

Credit Risk Analysis

Stress Testing

Communication Skills

Education

Bachelor's Degree in Finance or related field

Master's Degree preferred

Job description

Direct message the job poster from Deutsche Bank

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 Corporate Credit Flow, Distressed, Capital Markets, as well as 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
• 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. Review and Approve Leverage Finance deals in underwriting committee meetings

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 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 the Credit business. 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
• Strong experience in markets-related roles with an emphasis on market risk management. Having an understanding of Credit Risk is also a plus
• Expectation to challenge the pricing, flexing and hedging strategies for new issuance based on market dynamics, realized new issuance volatilities and potential risk development
• 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

Skills That Will Help You Excel

• Experience in Market Risk Management, ideally in covering the Credit business
• 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

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 203,000. 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. Click here to learn more!

Learn more about your life at Deutsche Bank through the eyes of our current employees https://careers.db.com/life

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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.

We are an Equal Opportunity Employer - Veterans/Disabled and other protected categories. Click these links to view the following notices: EEOC Know Your Rights; Employee Rights and Responsibilities under the Family and Medical Leave Act; Employee Polygraph Protection Act and Pay Transparency Nondiscrimination Provision.

Seniority level

• Seniority level

  Mid-Senior level

Employment type

• Employment type

  Full-time

Job function

• Job function

  Finance

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