Risk Senior Specialist

Job Title: Risk Senior Specialist

Corporate Title: Assistant Vice President

Location: Mumbai, India

Role Description

This role is for an Assistant Vice President within the Strategic Initiatives Group (SIG) function. SIG is a function within Market Risk Analysis & Control responsible for:

• Analyzing and testing Front Office changes impacting Market Risk on both current and strategic set of systems;

• Executing high quality analysis and providing clear & concise commentary explaining test results

• End to end delivery of fixes and enhancements to current production Market Risk Systems

• Owning and coordinating initiatives that lead to improvements in Run the Bank tools and business processes

• Submitting requirements to upstream, reviewing and testing implemented changes on Market Risk systems and calculations to enable effective system consolidation and/or de-commission plans while ensuring quality of final outcomes

The successful candidate should be able to demonstrate a good understanding of i) market risk domain and metrics such as Value at Risk, Stressed Value at Risk, Stress Testing, Risk Sensitivities; ii) products related to Commodities, Energy Trading and Fixed Income; iii) controls, analysis and reporting; iv) front-to-back processes and operating models at a tier 1 investment bank and v) strong communication skills both verbal and written. Additionally, effective organizational and stakeholder management skills are required to manage the delivery of SIG initiatives.

What we’ll offer you

As part of our flexible scheme, here are just some of the benefits that you’ll enjoy,

• Best in class leave policy.

• Gender neutral parental leaves

• 100% reimbursement under childcare assistance benefit (gender neutral)

• Sponsorship for Industry relevant certifications and education

• Employee Assistance Program for you and your family members

• Comprehensive Hospitalization Insurance for you and your dependents

• Accident and Term life Insurance

• Complementary Health screening for 35 yrs. and above

Your key responsibilities

• Lead and co-ordinate requirements review and testing to enable key projects, including sharing specialist technical product knowledge within in the greater RTB change team.

• Role includes support of following projects (examples): FO changes impacting risk sensitivities, book migration onto strategic risk/pnl valuation engines, Risk (Normalisation) standardization and extending the scope to other change initiatives impacting risk metrics; potential to engage with FRTB team on ad hoc projects

• Facilitate testing for NPAs (new product approval), including collating testing requirements, early analysis, testing and co-ordination of testing, results analysis and clear communication of results & analysis to stakeholders

• Communicating test requirements with key stakeholders involved in the Front Office system changes.

• Planning, scheduling and tracking different tests so that they are delivered on time, accurately and with minimal issues.

• Provide summary as well as clear, concise and relevant commentary on the test results to MRM to enable their review and sign off.

• Assist with preparation of relevant working group materials/updates to senior management on progress of the testing/project.

• End to end delivery of fixes and enhancements to current production Market Risk Systems

• Work with ERT on implementation and testing of the solution to ensure consistent outcome

• Assisting in initiatives that lead to improvements in test process, Run the Bank tools and business processes.

• Pro-actively engage with risk production teams to ensure testing process is up-to-date and team knowledge includes latest production functionality. Engage collaboratively with MRM, MRAC, Methodology, IT, FO and Finance on common issues.

• Develop reports or analytical tools to facilitate robust testing process, including automation in order to drive down costs and improve process.

• Contribute to analysis of potential improvements to current data flows which can be incorporated in future state systems.

• Actively supports the business strategy, plans and values, contributing to the achievement of a high-performance culture

• Takes ownership for own career management, seeking opportunities for continuous development of personal capability and improved performance contribution

• Acts as a role model for new employees, providing help and support to facilitate early integration and assimilation of their new environment

Your skills and experience

• Good product knowledge across two or more asset classes (Commodities, Energy Trading, Rates, Credit, FX products); good understanding of how sensitivities are generated and calculation of various risk measures used to monitor Market Risk (interconnectedness for Bank's capital)

• At least 8 years of relevant work experience at an international tier 1 bank or equivalent working in an equivalent Governance & Control / Project Management role in Market Risk; Market Risk Management, Control or Analysis background and/or Market Risk Projects experience of benefit.

• Experience and interest in how data and business processes should be organized front to back at a tier 1 investment bank.

• Good organisational and prioritization skills a must to enable handling of multiple analyses, projects and priorities simultaneously.

• Extensive change, requirement gathering, documenting specifications and stakeholder management experience across Market Risk / Regulatory change programs

• Ability to drive through change initiatives and take ownership of deliverables

• Some people management experience - whether direct or indirect, ability & willingness to review work results of more junior colleagues and provide constructive guidance and feedback

• Logical thinker with excellent hands-on experience and skills in handling large data sets to perform high quality review and testing. Ability to guide junior colleagues in introducing further testing quality improvements. 

• A team player with strong but collaborative personality

• Able to work independently with appropriate guidance

• Good verbal, written communication and interpersonal skills with ability to communicate well with key stakeholders across business areas

• Able to think clearly under pressure to deliver high quality results and willing to learn and adapt processes to achieve same/better quality results quicker going forward

• A committed and motivated individual for self-development and growth

• Reasonable AI, Python knowledge and/or SQL to enable solution testing and automation

• Keen interest in learning DB Analytics (internal valuation library) will be a great advantage & will be essential on job skill.

How we’ll support you

• Training and development to help you excel in your career.

• Coaching and support from experts in your team.

• A culture of continuous learning to aid progression.

• A range of flexible benefits that you can tailor to suit your needs.

About us and our teams

Please visit our company website for further information:

https://www.db.com/company/company.html

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.