The Risk division has a fundamental responsibility to protect the Bank. With group-wide responsibility for the management and control of credit, market, operational and reputational risks, we have a unique vantage point which allows us a holistic view of our businesses and our clients. Nearly 4,000 employees work together to achieve our ambition to be an industry-leading risk management organisation.
In an increasingly complex environment, risk management is fast-becoming the most sought after place to build a career within the banking world. Risk at Deutsche Bank is relied upon to help shape the strategy of the organisation and the wider industry agenda.
Job Title: Market Risk Manager - Commercial Real Estate & Securitized Trading Corporate Title: Vice President Location: New York
About Deutsche Bank
We are Germany's leading bank with strong positions in Europe and significant presence in the Americas and Asia Pacific. We're driving growth through our strong client franchise, investing heavily in digital technologies, prioritizing long-term success over short-term gains, and serving society with ambition and integrity. We serve our clients' real economic needs in commercial and investment banking, retail banking and transaction banking, and provide ground-breaking products and services in asset and wealth management. That means a career packed with opportunities to grow and the chance to shape the future of our clients.
The position is within Market Risk Management (MRM) which is responsible for managing trading and fair value banking book risk within Deutsche Bank. MRM carries out this responsibility independently providing a comprehensive view of market risks to Senior Management. You 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.
Skills & Qualifications:
Experienced Market Risk Manager with a focus on CRE Commercial Real Estate and Securitized Trading (CMBS, ABS, CLO)
Strong experience in markets-related roles with an emphasis on market risk management
Review and Approve Commercial Real Estate deals in underwriting committee meetings. Expectation to challenge the pricing, flexing and hedging strategies for commercial mortgages
Understanding of the CMBS Conduit and SASB new issuance market along with the CRE whole loan syndication platform
Understanding securitization bonds capital structure and how to stress tests these products using CDR, CPR and Severity
Ability to handle relationships with other departments in the firm by successfully communicating and collaborating with a wide range of professionals
Some knowledge of credit risk analysis with keen insights into what is driving credit exposures
Challenge business on risk positioning vs. PnL potentials, capital costs and market conditions
Previous experience in assessing, quantifying and implementing appropriate portfolio stress tests and VaR metrics
Advise business on stress/capital capacity allocations and hedging strategies
Evaluate portfolio capital efficiencies and identify positions with material RWA and stress utilizations
Support CCAR quarterly, semi-annual, and annual reporting requirements
Participate and present in key market risk meetings and Risk Council
Set appropriate Risk Appetite for each business level
Ability to understand risk contributors and drivers of VaR, Economic Capital and Stress
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 advise hedging strategies based on economics, VaR, stress test and capital efficiencies.
Ensuring internal and external governance policies are being effectively applied
Liaising with trading desks with respect to exposures, new business and market activity
Respond and present to regulators on and ad hoc basis
Internal Number: 4820716
About Deutsche Bank - US
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