Market Risk Manager - Vice President at Deutsche Bank in Hoboken, New Jersey

Market Risk Manager

The position is within Market Risk Management, which is responsible for managing trading and fair value banking book risk for a breadth of primary and secondary credit and equity businesses including Credit/Equity Trading, Origination, Financing, as well as Residential Mortgage-Backed Security (RMBS), Securitization, Commercial Real Estate (CRE) 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 cash and derivative equity and/or fixed income products is preferred.

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

Set appropriate Risk Appetites for each business level and sit with the traders, communicate risk strategies and monitor and manage risk real time on a daily basis

Monitor intraday and daily limit utilizations, evaluate limit frameworks, and communicate risk exposure and breaches to front office as well as senior risk management

Analyze key market risk metrics including Value at Risk (VaR), Stress Test, Risk Weighted Assets (RWA), and advise business on effective hedging strategies

Preapprove equity financing transactions such as call spreads, collars, margin loans, and accelerated share repurchases ahead of desk bidding, including pretrade analysis and approval recommendations for on-risk block trades

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

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 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

Moderate experience in market risk management, either as a second line (market risk) or as a first line (trading, structuring) of defense, ideally covering an Equity options business. 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

Strong experience in markets-related roles with an emphasis on market risk management

Expectation to challenge the pricing and hedging strategies for equity financing transactions and/or block trades

Having an understanding/experience covering Securitized products is also a plus

Ability to run projects independently and build strong relationships across the Bank

Experience in Market Risk Management, ideally in covering an equity business (incl derivatives)

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