Job Title
Market & Valuation Risk Management – Valuation Control: Commodities- Energy trading Valuation Risk Manager
Location
London
Corporate Title
Vice President
Overview
The Chief Risk Office has Group-wide responsibility for the management and control of all credit, market, operational, enterprise and liquidity risks and has the responsibility of continual development of methods for risk measurement, frameworks and creating a bank wide strong risk culture. You’ll be joining the MVRM – Valuation Control (VC) Team, a centralised function of valuation and risk professionals within the Chief Risk Office (CRO) responsible for the independent valuation of fair value/trading positions for Deutsche Bank. VC acts as internal advisor on valuation issues and operates as a centre of excellence for valuation, reserving, day 1 recognition and prudent valuation.
Key Responsibilities
- Reviewing daily and monthly Independent Price Verification, Prudential Value, Fair Value Reserves and Levelling results
- Recommending for approval – New trades, Day1 revenue recognition decisions and running Quarterly Fair Value Levelling and Prudent Valuation processes and reporting
- Enhancing and developing optimal fair value and prudential valuation methodologies consistent with regulatory technical standards
- Defining modeling requirements for illiquid products, understanding model pricing limitations, assessing key valuation risks and uncertainties and dealing with them appropriately
- Developing productive relationships with the business, external stakeholders (Audit, Regulators, Data providers) and internal stakeholders (MRM) to ensure that Valuation Risk processes are appropriate and optimally designed to support the provision of services to our clients
- Working closely with colleagues across the bank including Front Office wider MVRM teams; facing senior traders, supporting the Valuation function in setting up of Energy business and overseeing implementation of all aspects of valuation control including reviewing and approving IPV, reserves, IFRS Levelling, PruVal etc., engaging with stakeholders across Front Office, Risk and Finance
Benefits
- Hybrid Working – eligible employees can work remotely for a part of their working time and reach a working pattern that works for them
- Competitive salary and non‑contributory pension
- 30 days’ holiday plus bank holidays, with the option to purchase additional days
- Life Assurance and Private Healthcare for you and your family
- A range of flexible benefits including Retail Discounts, a Bike4Work scheme and Gym benefits
- The opportunity to support a wide ranging CSR programme + 2 days’ volunteering leave per year
Skills and Experience
- Knowledge of valuation aspects of Commodities Energy products
- Some understanding of accounting and prudent valuation requirements, best practice and market developments
- Accounting and/or Risk Management qualification: ACA, ACCA, CFA, FRM and/or MSc in Finance or an Economics related degree or equivalent experience
- Commodities product knowledge
- Strong analytical and quantitative skills
- Ability to communicate clearly and effectively to team members, peers and senior stakeholders
Support & Development
- A culture of continuous learning to aid progression
- We value diversity and as an equal opportunities employer, we make reasonable adjustments for those with a disability such as the provision of assistive equipment if required (e.g. screen readers, assistive hearing devices, adapted keyboards)
We welcome applications from all people and promote a positive, fair and inclusive work environment.
If you have a disability, health condition, or require any adjustments during the application process, we encourage you to contact our Adjustments Concierge at adjustmentsconcierge@db.com to discuss.
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