Risk - Senior Valuation Risk Manager - VP Risk - Senior Valuation Risk Manager - VP …

Deutsche Bank APAC
in Singapore, Singapore, Singapore
Permanent, Full time
Last application, 17 Jul 19
Deutsche Bank APAC
in Singapore, Singapore, Singapore
Permanent, Full time
Last application, 17 Jul 19
Risk - Senior Valuation Risk Manager - VP


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.

Position Overview

Division Overview

Valuation Control is a specialist group within Market and Valuations Risk Management (MVRM) that manages a wide range of relevant risk and implementation topics to ensure integrity and control over all aspects of the valuation of the Bank's trading portfolios.

This includes:
  • Performance of monthly and intra-month Independent Price Verification (IPV), Reserves and Prudential Capital
  • Oversight and development of valuation, reserve and Prudential Capital methodologies
  • Analysis and management of key valuation uncertainty issues through DB's senior management
  • Review of bespoke derivative and structured financing trades.

Valuations works closely with its Risk Management partners, Finance, and Trading throughout the Asia Pacific region facing business hubs in Singapore, Japan, Australia and Hong Kong, as well as in the satellite countries. APAC Valuations collaborates extensively with European and North American facing colleagues and is fully aligned with Global Business Valuation and Function leads located in London. We also employ an extended team model in relation to Mumbai and Manila located sister functions.

Role Summary
  • The primary function of the role is to partner the lead manager in development of the FIC Valuations function located in Singapore, responsible for the bank's regional FIC activities.
  • Being a senior role, the candidate is required to demonstrate in-depth knowledge of Rates and Currency markets in both cash and derivative product, and to have solid understanding of other product groups given the scope of the regional desk trading mandate.
  • The candidate is expected to bring well-developed stakeholder management and leadership skills in addition to infrastructural and product technical skill sets and to establish a solid commercial and valuation risk culture in partnership with senior stakeholders.
  • Key Stakeholders: Senior Risk, Valuations and Finance Management, Front Office and Regulators.

Role Responsibilities
  • Management of stakeholder relationships across the region.
  • Management of offshore service partner relationships.
  • Continued technical evolution of valuation risk and reserve methodologies.
  • Oversight, review and critique of IPV results to ensure accurate marking of books on a monthly and daily basis. Escalation of issues to Senior Risk and Valuation Management, Finance Management, Business Management and the Valuation function globally.
  • Ensure consistent valuation and adjustments methodologies are adopted within the group.
  • Ensure all aspects of valuation control are adequately documented for internal and external requirements.
  • Proactively improve processes and methods including streamlining, automation and off-shoring of existing processes.
  • Liaison with Trading, Senior Finance Management, Market Risk Management, internal/external audit and regulators on valuation issues as they arise.
  • Assess adequacy of model controls to ensure ongoing validity including regular recalibration and parameter reviews.
  • Critical appraisal of valuation and control concerns arising within New Product Approvals.
  • Active role in development of valuation policies and standards and Asia Pacific implementation of same.
  • Regular communication with global valuation function to ensure that Asia perspectives are adequately articulated.
  • The team engages in a number of high profile function and bank-wide initiatives and is deeply involved in ad-hoc analysis under tight timelines. It is expected that the applicant will be significantly involved in this work.
  • Ongoing personal development will be both ‘on-the-job', via specific in-house and external courses, and through and web-based product courses.

Education / Qualifications / Certification:
  • High level of academic achievement, preferably from an accounting / mathematical / statistical / engineering / economics background.

Previous work experience
  • Ideally the candidate will have several years of experience within the valuation/product control/middle office departments of a large investment bank with in-depth knowledge of Rates and Currency markets.
  • Additional background in Equities or Credit would be highly valued.
  • Specific exposure to reserving, pricing and modelling aspects of valuation control of trading businesses is preferred.
  • Good working knowledge of Excel, VBA and possibly Python, hands-on experience of market data providers including Reuters, Bloomberg, ISMA and Markit.

Key Competencies
  • The individual should be highly motivated and have demonstrated an ability to work in a team. They should be able to work effectively under pressure, multi-task and take a proactive approach to all aspects of the role. They should have an ability to devise creative solutions to issues as they arise while maintaining a strategic perspective.
  • The candidate must be numerate, articulate and confident. Must be able to interact effectively with the trading staff and senior management. Good communication and organizational skills required.

Deutsche Bank offers a challenging and rewarding career where your contribution is valued and rewarded. We have an inclusive and friendly working environment coupled with excellent facilities and benefits.

Deutsche Bank is an equal opportunity employer who seeks to recruit and appoint the best available person for a job regardless of marital status, sex (including pregnancy), age, religion, belief, race, nationality and ethnic or national origin, colour, sexual orientation or disability.

Deutsche Bank does not accept unsolicited curriculum vitae from third party vendors.