Risk Specialist, Associate
Job Description:
Job Title- Risk Specialist, AS
Location- Mumbai, India
Role Description
Market Valuation and Risk Management (MVRM) is responsible for managing market risk and ensuring fair value assessment of Books & Records within Deutsche Bank. The primary market risk objective is to ensure that business units of the bank optimize the risk-reward relationship and do not expose it to unacceptable losses. We work closely with risk takers, risk managers and control and support groups in the process to ensure these objectives can be met.
Market Data Strategy and Analytics (MDSA) is a function within MVRM that is responsible and accountable for the procurement, analysis and governance of historical market data used as inputs in the key risk metric (eg Value at Risk, Economic Capital, Credit Counterparty Risk, Portfolio Stress Test).
What we’ll offer you
As part of our flexible scheme, here are just some of the benefits that you’ll enjoy
Best in class leave policy
Gender neutral parental leaves
100% reimbursement under childcare assistance benefit (gender neutral)
Sponsorship for Industry relevant certifications and education
Employee Assistance Program for you and your family members
Comprehensive Hospitalization Insurance for you and your dependents
Accident and Term life Insurance
Complementary Health screening for 35 yrs. and above
Your key responsibilities
Applying experience and subject matter expertise to perform RTB tasks such as VaR/SVaR impact analysis for both Hist Sim Sensi Based and Hist Sim Full Reval, continuous improvement of processes and coordination of changes in market data.
Perform data quality checks to ensure the completeness and accuracy of EOD data / time series are at par to use for risk calculations.
Manage weekly market data releases within SLAs for VaR/SVaR/FRTB/Economic capital calculation and ensure timely escalation.
Analyzing impacts of time-series changes on group level VaR and ability to communicate/coordinate effectively to stakeholders.
Liaising with Market risk managers, FO quant, change teams and Methodology to perform deep dives on data challenges in new market risk models/methodology changes/RNIV and implementation of new regulations such as FRTB and IHC examination.
Actively take apart in proxy decision making and come up with appropriate proxy choices for a time- series.
Perform Stressed-period-selection and analyze results for accuracy and reliability.
Help specify requirements and test functionality for new implementation and ability to coordinate with Risk-IT and Strats for seamless implementation of new data requirements and process enhancements.
Your skills and experience
5 to 8 years of experience in investment banking, Market Risk, specifically in controlled production environments.
Good knowledge of financial instruments and understanding pricing of vanilla derivatives across all asset classes
Strong understanding of global markets across asset classes and ability to connect macroeconomic events with impact to various market data points
Demonstrated excellence in production activities for a financial institution with a strong control culture
Experience of change management and implementation of new production processes
Hands-on experience of using external data sources such as - Bloomberg, MarkIT & Reuters.
Programming skills in Python is a must
Education | Certification (Recommended):
Engineering or bachelor’s degree in finance from an accredited college or university with excellent project experience and grades in quantitative and numerical coursework.
Certification in Financial Risk Management will be a plus.
Business Competencies:
Communication - Experienced
Industry Knowledge - Experienced
Risk Management - Basic
Innovation - Basic
Managing Complexity - Basic
Technical Competencies:
Risk Management - Experienced
Financial Product Knowledge - Experienced
Proven ability to leverage AI tools to enhance productivity, optimise workflows to solve business problems, while applying critical judgment to ensure responsible and ethical use of data and AI outputs.
How we’ll support you
Training and development to help you excel in your career
Coaching and support from experts in your team
A culture of continuous learning to aid progression
A range of flexible benefits that you can tailor to suit your needs
About us and our teams
Please visit our company website for further information:
https://www.db.com/company/company.html
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.