Market Risk Manager – MRM Credit – AVP/VP

  • Competitive
  • New York, NY, USA
  • Permanent, Full time
  • Deutsche Bank - US
  • 21 Sep 16

Deutsche Bank A Passion to Perform. It’s what drives us. More than a claim, this describes the way we do business. We compete to be the leading global provider of financial services, balancing passion with precision to deliver superior solutions for our

clients.  This is made possible by our people: agile minds, able to see beyond the obvious act effectively in an ever-changing global business landscape.  As you’ll discover, our culture supports this.  Diverse, international and shaped by a variety of different perspectives, we’re driven by a shared sense of purpose.  At every level agile minds are rewarded with competitive pay, support and the opportunity to excel.

Named the "Best Global Investment Bank“ in Euromoney Magazine’s annual Awards for Excellence, Deutsche Bank is a leader in Germany and Europe and is continuously growing in North America, Asia and key emerging markets.

Risk
In an ever-changing financial landscape, the role of the Risk division has never been more important. A strong risk management culture helps to reinforce Deutsche Bank’s resilience. The function identifies, aggregates, manages and mitigates risk across the core activities of market risk management, operational risk management and credit risk management, supporting the bank’s strategies whilst protecting its capital and regulatory adherence.

Our People
Our people are outstanding individuals with agile minds, from a diverse range of backgrounds and cultures. They generate fresh ideas and innovative solutions which set us apart from our competitors and add value to our clients.

Role Description
Market Risk Manager – MRM Credit – AVP/VP
 
Key Responsibilities:
• Daily market and issuer risk management of US Flow Credit both on global and IHC level: Investment Grade, High Yield, Distressed, Leveraged Loan Trading; key metrics include CS01, PV01, RST, Greeks, default exposure, market value, etc.
• Daily sign-off of VaR as well as other key risk metrics including default exposure and market value
• Analyze daily risk drivers and correlation between market variables, risk factors and P&L moves
• Frequent discussion with trading desk on risk taking, market color, regulatory environment and limit framework
• (Co)develop credit strategies for key names
• Design, build and improve position risk reports to enhance business risk return profile
• Analyze results from stress testing and back testing
• Closely cooperate with Market Risk Operations as well as risk managers of other asset classes to address data and feed issues
• Participate in projects improving risk system infrastructure
• Contribute to policy and process guide update and development
• Key contact for the front desk and other risk divisions for IRC consumption:  Advise traders and risk takers on overall risk profile and RWA implications, and maintain constructive dialogue
• Contribute to training of credit skills for junior staff
• Understanding the markets, particularly liquidity and ability to distribute risk

Requirements:
• 4 years of credit risk experience in High Yield/Leverage Finance space in lieu of market risk experience.
• Background in market risk strongly preferred, thorough understanding of VaR, Greeks and credit-relevant sensitivities
• Strong analytical skills
• (Under-)Graduate degree
• Numerate experience
• Excellent communication skills
• Team oriented, flexible, diligent, self motivated.
• Ability to work under pressure
• Ability to work independently
• Strong interpersonal skills
• Background in analyzing corporate credits, preferably in high-yield space, a plus, but not mandatory


At Deutsche Bank, we are proud to be an Equal Opportunity/ Affirmative Action (M/F/D/V) employer.