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Open nowPosted today

Market Risk Manager Securitization / Structured Credit - Vice President

DB1,306 open roles

Pay
$125,000 – $222,500 a year
Where
New York, 1 Columbus Circle
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Your applicationOpen nowMarket Risk Manager Securitization / Structured Credit - Vice PresidentDB · New York, 1 Columbus Circle
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The clock on this job

Early applications get read.

13.7% of postings close within 7 days. Measured by our own scanner across the market. DB postings stay open a median of 17 days.

Share of postings closed within
  1. 2.3%1 day
  2. 4.8%3 days
  3. 13.7%7 days
  4. 22.1%14 days
  5. 37.6%30 days
  6. 59.1%60 days
This job: posted today

DB median: 17 days open

The posting

Job Description:

Job Title: Market Risk Manager

Corporate Title: Vice President

Location: New York, NY

Overview

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

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

· 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.

· Ability to understand risk contributors and drivers of VaR, Economic Capital and Stress loss.

· 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.

How You’ll Lead

· Market Risk Management: highlighting key risks and new important trades/products and escalating emerging risks, concentrated positions, and any risk position that is particularly vulnerable to plausible stress scenarios or current market conditions

· Front Office: challenging the desk on the aforementioned set of risks and work cooperatively to allow the growth of the Business within the Firm’s risk appetite.

· Portfolio and Stress Testing team: working together with these teams to ensure the key risk positions of the Business covered are well represented in their aggregated metrics

Skills You’ll Need

· 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. Having experience with Securitized products (CLO, CMBS, ABS) is also a plus.

· Ability to communicate and influence across broad audience such as traders, strats, stress testing teams, IT etc.

· 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 That Will Help You Excel

· 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

Expectations

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.

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 $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.

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 be their whole selves, at every stage of life. We provide access to physical, emotional, and financial wellness benefits that allow our colleagues to stay financially secure and strike balance between work and home. Click here to learn more!

Learn more about your life at Deutsche Bank through the eyes of our current employees: https://careers.db.com/life

The California Consumer Privacy Act outlines how companies can use personal information. If you are interested in receiving a copy of Deutsche Bank’s California Privacy Notice please email [email protected].

#LI-HYBRID

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.

Qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, protected veteran status or other characteristics protected by law. Click these links to view Deutsche Bank’s Equal Opportunity Policy Statement and the following notices: EEOC Know Your Rights; Employee Rights and Responsibilities under the Family and Medical Leave Act; and Employee Polygraph Protection Act.

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