Job Description:
Job Title Market Risk Manager – Foreign Exchange (FX)
Location London
Corporate Title AVP
As a Market Risk Manager responsible for global coverage of Metals within the Global Foreign Exchange (GFX) business, you will work within a team whose mission is to achieve the expansion of the Precious metals business, continued build-out and oversight of DB’s re-entry into the Base Metals trading business of other potential Commodity offerings. You will be responsible for managing market or fair value risk within Deutsche Bank and will carry out this responsibility in an independent and neutral way, providing a comprehensive and independent view of market risks to management.
What we’ll offer you
A healthy, engaged and well-supported workforce are better equipped to do their best work and, more importantly, enjoy their lives inside and outside the workplace. That’s why we are committed to providing an environment with your development and wellbeing at its centre.
You can expect:
- Hybrid Working - we understand that employee expectations and preferences are changing. We have implemented a Hybrid Working Model that enables eligible employees to work remotely for a part of their working time and reach a working pattern that works for them
- Competitive salary and non-contributory pension
- 30 days’ holiday plus bank holidays, with the option to purchase additional days
- Life Assurance and Private Healthcare for you and your family
- A range of flexible benefits including Retail Discounts, a Bike4Work scheme and Gym benefits
- The opportunity to support a wide ranging CSR programme + 2 days’ volunteering leave per year
Your key responsibilities
- Driving of the build out of various aspects of the franchise, including limit, stress and reporting set-up
- Partner with other Market Risk teams, and other Risk management functions (e.g. Valuation Control, Market Risk Analysis and Control, and Risk Methodology Strats)
- Engaging Front Office (FO) desk heads and senior traders with respect to exposures, valuations, new business, market activity, risk culture, controls, and risk appetite
- Ensure risk completeness and accuracy, ensure that the limit framework and appetite is commensurate with infrastructure, and develop and implement the Risks-not-in framework
- 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
- Challenging the desk on the key risks as above, and work co-operatively to allow the growth of the business within the firms’ risk appetite
Your skills and experience
- Significant experience in market risk management, either within the second line (market risk) or first line (trading, structuring).
- Experience in Metals markets-related roles, and knowledge of Metals products and market
- Strong technical and analysis skills including Excel, VBA, statistics and time series
- Experience and ability to work in a fast-paced team environment, working with a variety of teams, and communicating well and concisely
- Knowledgeable of market risk controls and governance frameworks
- High standards of integrity and a commitment to ‘doing the right thing’
How we’ll support you
- Training and development to help you excel in your career
- Flexible working to assist you balance your personal priorities
- 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
- We value diversity and as an equal opportunities’ employer, we make reasonable adjustments for those with a disability such as the provision of assistive equipment if required (e.g. screen readers, assistive hearing devices, adapted keyboards)
About us
Deutsche Bank is the leading German bank with strong European roots and a global network. Click here to see what we do.
Deutsche Bank in the UK is proud to have been named in The Times Top 50 Employers for Gender Equality 2024 for five consecutive years. Additionally, we have been awarded a Gold Award from Stonewall and named in their Top 100 Employers 2024 for our work supporting LGBTQ+ inclusion.
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.
