MVRM Valuation Risk Manager – Rates

Job Description:

Job Title MVRM Valuation Risk Manager – Rates

Corporate Title Vice President

Location New York, 1 Columbus Circle

Overview

As a Valuation Risk Manager covering Rates, you will ensure the effective risk management focus on Independent Price Verification (IPV) across interest rate products and derivatives for the Americas region.  The Rates area includes a variety of sub-businesses such as Options, Swaps, Exotics, Repo, Treasuries, Inflation, RMBS and Munis. 

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 P&L, leveling and control framework.

This includes managing relevant regulatory and internal projects.  Also, as the Valuation Team sits within CRO 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 for the US Rates business.

• Oversight of monthly and intra-month Independent Price Verification (IPV) across the Rates business with a key focus on interest rate derivatives namely options and exotics.

• 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.

• 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.

• Lead and project manage strategic system migrations within Rates business, test IPV methodologies and implement robust automated controls.

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.

• 7+ years’ 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 derivative products, most notably interest rate products and options (i.e. Bermudans, Accreters, CMS, digitals, caps, floors, exotics, etc).

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 $183,500. 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.

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 b