Market & Valuation Risk Management – Commodities – Vice President
Location: New York, NY
Overview
As a Valuation Risk Manager covering Commodities, you will ensure effective risk management focused on Independent Price Verification (IPV) across commodities products and derivatives for the Americas region. The Commodities area includes a variety of sub-businesses such as Oil, Power and Gas & Emissions.
You'll be an integral part of the Valuation Risk team focusing on all aspects of valuation including IPV, fair value reserving, prudent valuation, methodology review, Day 1 Profit & Loss, leveling and control framework.
This role demands a strong understanding of financial instruments, valuation methodologies, market data, and a proven ability to drive strategic initiatives and foster a robust control environment.
This includes managing relevant regulatory and internal projects. Also, as the Valuation Team sits within Credit Risk Operations you will be integrated on the Market Risk side and interact daily across the entire organization including Front Office, other Risk areas, Technology and Finance.
What We Offer You
•A diverse and inclusive environment that embraces change, innovation, and collaboration
•A hybrid working model, allowing for in-office / work from home flexibility, generous vacation, personal and volunteer days
•Employee Resource Groups support an inclusive workplace for everyone and promote community engagement
•Competitive compensation packages including health and wellbeing benefits, retirement savings plans, parental leave, and family building benefits
•Educational resources, matching gift and volunteer programs
What You'll Do
•Oversight of monthly and intra-month Independent Price Verification (IPV) across the Commodities business with a key focus on commodities derivatives namely options, futures, swaps and basis products
•Partner regularly with Business (Front Office Trading) and Strats on the most significant items including emerging valuation risks, support new business growth and initiatives and challenge where necessary
•Engage with Senior Management around significant matters as well with key stakeholders including Front Office heads, Risk managers, Finance and IT
•Key contact for internal and external auditors and regulators on IPV matters for business area. In addition, lead with global teams delivering on overall valuation agenda and controls
•Be innovative around optimization efforts within Rates business with focus on methodologies, innovation and robust automated controls with a focus on integrating AI
How You'll Lead
•By your integrity and professionalism and unwavering commitment to ethical conduct and maintaining independence and objectivity in the IPV function
•Mentor junior team members and in future may manage junior staff both on & offshore
Skills You'll Need
•Math(s), Sciences, Finance, Engineering, Business degree. MS or higher education, an advantage. Post graduate finance-related qualification (i.e., CFA or FRM), an advantage
•Extensive experience in a markets or investment banking environment in a valuation, risk management, front office (i.e. trading/structuring) or product control capacity
•Deep understanding of financial instruments and markets; expert knowledge across a broad range of Fixed Income, most notably commodities products and derivatives including futures, swaps and options across Energy markets (i.e. Oil, Power and Gas, and Emissions)
•Knowledge of X-VA modelling for uncollateralized derivatives is a plus
•Proven ability to leverage AI tools to enhance productivity, optimize workflows to solve business problems, while applying critical judgment to ensure responsible and ethical use of data and AI outputs
Skills That Will Help You Excel
•Stakeholder management and exceptional ability to build and maintain strong relationships with the Business and Senior Management influencing decisions and managing expectations
•Project Management skills; keeping updated plans and tracking along critical path
•Ability to troubleshoot and communicate complex topics and issues to Senior management in an effective manner
Expectations
It is the Bank's expectation that employees hired into this role will work in the New York office in accordance with the Bank's hybrid working model.
Deutsche Bank provides reasonable accommodations to candidates and employees with a substantiated need based on disability and/or religion.
The salary range for this position in New York City is $125,000 to $198,000. Actual salaries may be based on a number of factors including, but not limited to, a candidate's skill set, experience, education, work location and other qualifications. Posted salary ranges do not include incentive compensation or any other type of remuneration.
