Job Title MVRM Valuation Risk Manager – Credit
Corporate Title Vice President
Location New York, NY
Overview
As a Valuation Risk Manager covering Credit, you will ensure the effective risk management focus on Independent Price Verification (IPV) across credit products and derivatives for the Americas region. The Credit area includes a variety of flow businesses such as Distressed Products, Investment Grade Bonds, High Yield bonds, Par Loans, Algo, Credit Default Swap (CDS), and Credit options.
You’ll be an integral part of the Valuation Risk team focusing on all aspects of valuation including IPV, fair value reserving, prudent valuation, methodology review, Day 1 Profit & Loss (P&L), leveling and control framework.
This includes managing relevant regulatory and internal projects. Also, as the Valuation Team sits within Chief Risk Office, you will be integrated on the Market Risk side and interact daily across the entire organization including Front Office, other Risk areas and Finance.
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
Develop, implement and maintain valuation control framework and rulebooks for the US Credit business
Oversee valuation for Credit area focused on all aspects of valuation including IPV, fair value reserving, prudent valuation, methodology review, Day 1 P&L, leveling, model risk and control framework
Play a key role within both regional and global valuation organization, by demonstrating a wide range of technical skills while ensuring internal and external governance policies are being effectively applied
Lead and project manage strategic system migrations within Credit business with focus on methodologies, innovation and implement robust automated controls
Explain, action and resolve with Business (Front Office Trading) the most significant items from valuation risk processes and support business growth and initiatives and challenge where necessary
Daily engagement with Senior Management on valuation topics as well as liaising across the Bank with key stakeholders including Front Office, Risk functions, Quants, IT and Global Heads. Brief senior management and audit/regulatory around significant matters, monitor and manage valuation uncertainty risk profile and lead deep dive analysis on selected exposures
How’ll You’ll Lead
High standards of integrity and a commitment to ‘doing the right thing’ i.e. ability to challenge the Business
Mentor junior team members and in future may manage junior staff both on & offshore
Skills You’ll Need
Math(s), Sciences, Finance, Engineering, Business degree. MS or higher education, an advantage. Post graduate finance related qualification (i.e., CFA or FRM), an advantage
Extensive experience in a markets or investment banking environment in a valuation, risk management, front office (i.e. trading\structuring) or product control capacity
Proficient knowledge of credit products and derivatives most notably corporate bonds, bank loans, leverage finance, distressed debt and equity, CDS and credit options
Skills That Will Help You Excel
Strong interpersonal skills, with ability to build internal and external client and stakeholder relationships
Team player with positive attitude and work ethic but can work well independently
Project Management skills; keeping updated plans and tracking along critical path
Ability to troubleshoot and communicate complex topics and issues to Senior management in an effective manner
Expectations
It is the Bank’s expectation that employees hired into this role will work in the New York 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 $198,000. 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.
Deutsche Bank Benefits
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!
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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.
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. Click these links to view Deutsche Bank’s Equal Opportunity Policy Statement and the following notices: EEOC Know Your Rights; Employee Rights and Responsibilities under the Family and Medical Leave Act; and Employee Polygraph Protection Act.