Market & Valuation Risk Management – Valuation Control: Commodities- Energy trading Valuation Risk Manager

Job Title Market & Valuation Risk Management – Valuation Control: Commodities- Energy trading Valuation Risk Manager

Location London

Corporate Title Vice President

The Chief Risk Office has Group-wide responsibility for the management and control of all credit, market, operational, enterprise and liquidity risks and has the responsibility of continual development of methods for risk measurement, frameworks and creating a bank wide strong risk culture.

You’ll be joining the MVRM - Valuation Control (VC) Team, a centralised function of valuation and risk professionals within the Chief Risk Office (CRO) responsible for the independent valuation of fair value/trading positions for Deutsche Bank. VC acts as internal advisor on valuation issues and operates as a centre of excellence for valuation, reserving, day 1 recognition and prudent valuation.

Your role will be to oversee the operation of Commodities Energy trading Valuation control and governance processes.You will also be involved in the setting up of the new business , Independent Price Verification and Prudent Valuation process performed by the global team.

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 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

• Reviewing daily and monthly Independent Price Verification, Prudential Value, Fair Value Reserves and Levelling results

• Recommending for approval - New trades, Day1 revenue recognition decisions and running Quarterly Fair Value Levelling and Prudent Valuation processes and reporting

• Enhancing and developing optimal fair value and prudential valuation methodologies consistent with regulatory technical standards

• Defining modeling requirements for illiquid products, understanding model pricing limitations, assessing key valuation risks and uncertainties and dealing with them appropriately

• Developing productive relationships with the business, external stakeholders (Audit, Regulators, Data providers) and internal stakeholders (MRM)to ensure that Valuation Risk processes are appropriate and optimally designed to support the provision of services to our clients.

• Working closely with colleagues across the bank including Front Office wider MVRM teams. You will face off to senior traders, support the Valuation function in setting up of Energy business and overseeing implementation of  all aspects of valuation control including reviewing and approving IPV, reserves, IFRS Levelling, PruVal etc. engaging with stakeholders across Front Office, Risk and Finance.

Your skills and experience

• Knowledge of valuation aspects of Commodities Energy products.

• Some understanding of accounting and prudent valuation requirements, best practice and market developments

• Accounting and or Risk Management qualification: ACA, ACCA, CFA, FRM and/or MSc in Finance or an Economics related degree or equivalent experience

• Commodities product knowledge

• Strong analytical and quantitative skills

• Ability to communicate clearly and effectively to team members, peers and senior stakeholders

How we’ll support you

• A culture of continuous learning to aid progression

• 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 be named in The Times Top 50 Employers for Gender Equality and has been awarded a Gold Award from Stonewall and named in their Top 100 Employers.

If you have a disability, health condition, or require any adjustments during the application process, we encourage you to contact our Adjustments Concierge on [email protected] to discuss.

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.