Deutsche Bank
Valuations Senior Specialist, AVP
India · Work style not stated · Full time
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About the role
Description from the employer’s posting. Check the employer’s page for the current version.
- EmployerDeutsche Bank
- LocationIndia
- Work styleWork style not stated
- Employment typeFull time
- Employer posted
Job Description:
Job Title: Valuations Senior Specialist, AVP
Location: Mumbai, India
Role Description
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 globally and employs a team extension model in Mumbai.
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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 child care assistance benefit (gender neutral)
- Flexible working arrangements
- 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
- Perform the IPV( Independent Price Verification), Fair Value adjustments (FVA reserves), Fair Value Hierarchy levelling, Day1 PNL assessment, Prudential Valuations (Pruvals) calculations of products such as Bonds, Loans, Swaps, Securitized Products, Derivatives (including Forwards, Options and CDS), FX, IR Swaps, Swaption, Inflation Swaps, Inflation Options, other Interest Rates products etc.
- Report and provide analysis of pricing variance drivers, perform due diligence on the reliability of market data from multiple sources such as Bloomberg, Markit-Totem, brokers and other independent sources
- Take ownership of the process and models, thoroughly understand the underlying financial and mathematical concepts, and make change / improvements, in consultation with other stakeholders, if situation warrants.
- Increase the process efficiency by automating manual steps in the processes. Co-ordinate with CTB to increase efficiency.
- Develop strong relationships with product control, risk management and quantitative departments on valuation and modeling issues.
- Ensure controls around processes such as completeness and accuracy, and adherence to key operating procedure.
- Discuss IPV, FVA reserves, Levelling and Prudential Valuations results with regional Valuation Teams, Desk and other stakeholders
- Be involved in Strategic, Tactical/ ad-hoc projects / investigation requests from Stakeholders
- Ensure proper back-ups are created and assist other teams during contingencies (Staff shortage, high volumes etc). Create / modify / update the supporting documentation like KOP/SOP etc.
Your skills and experience
- Ideally the candidate will have several years of experience within the Valuation / Market Risk departments of a large investment bank with in-depth knowledge of Credit, Rates, or Currency markets.
- Specific exposure to IPV, reserving, pricing and modelling aspectsof 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
- Good communication skills.
Proven ability to leverage AI tools to enhance productivity, optimise workflows to solve business problems, while applying critical judgment to ensure responsible and ethical use of data and AI outputs.
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.
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At a glance
- Employment typeFull time
- SenioritySenior
- Employer posted
- Added to ROLIVA
- Last checked
Skills in this posting
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