MVRM Valuation Risk Manager – Credit - Vice President

Deutsche Bank • New York, NY

6d • $125,000 - $198,000 • Hybrid

About The Position

As a Valuation Risk Manager covering Credit, you will ensure the effective risk management focus on Independent Price Verification (IPV) across credit products and derivatives for the Americas region. The Credit area includes a variety of flow businesses such as Distressed Products, Investment Grade Bonds, High Yield bonds, Par Loans, Algo, Credit Default Swap (CDS), and Credit options. 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 Profit & Loss (P&L), leveling and control framework. This includes managing relevant regulatory and internal projects. Also, as the Valuation Team sits within Chief Risk Office, you will be integrated on the Market Risk side and interact daily across the entire organization including Front Office, other Risk areas and Finance.

Requirements

• 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
• Extensive 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 credit products and derivatives most notably corporate bonds, bank loans, leverage finance, distressed debt and equity, CDS and credit options
• High standards of integrity and a commitment to ‘doing the right thing’ i.e. ability to challenge the Business

Nice To Haves

• 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

Responsibilities

• Develop, implement and maintain valuation control framework and rulebooks for the US Credit business
• Oversee valuation for Credit area focused on all aspects of valuation including IPV, fair value reserving, prudent valuation, methodology review, Day 1 P&L, leveling, model risk and control framework
• 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
• Lead and project manage strategic system migrations within Credit business with focus on methodologies, innovation and implement robust automated controls
• Explain, action and resolve with Business (Front Office Trading) the most significant items from valuation risk processes and support business growth and initiatives and challenge where necessary
• 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.
• Brief senior management and audit/regulatory around significant matters, monitor and manage valuation uncertainty risk profile and lead deep dive analysis on selected exposures
• Mentor junior team members and in future may manage junior staff both on & offshore

Benefits

• 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 This Job Offers

• Job Type: Full-time
• Career Level: Mid Level