Market Risk Manager - Vice President

About the role

The 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.

Responsibilities

• 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.
• 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.

Requirements

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.

Qualifications

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.

Skills

• Strong experience in markets-related roles with an emphasis on market risk management.
• Having an understanding of Securitized products is also 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.

Benefits

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.

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.

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.