Market Risk Manager - Vice President

This position is within Market Risk Management, which is responsible for managing trading and fair value banking book risk for a breadth 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.

Responsibilities

• Set appropriate Risk Appetite for each business level.
• Sit with the traders and monitor and manage risk in 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.
• 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.
• Highlight key risks and new important trades/products, escalating emerging risks, concentrated positions, and any risk position particularly vulnerable to plausible stress scenarios or current market conditions (Market Risk Management).
• Challenge the desk on the aforementioned set of risks and work cooperatively to allow the growth of the Business within the Firm’s risk appetite (Front Office).
• Work with Portfolio and Stress Testing teams to ensure the key risk positions of the Business are well represented in their aggregated metrics.

Requirements

• 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.
• Strong experience in markets-related roles with an emphasis on market risk management. Understanding of Securitized products is a plus.
• 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

• 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.

Benefits

• 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 that 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.

Pay

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.

Schedule

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.