Valuation Controller

Job Job Title AVP - Valuations

Location Mumbai

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.

What well 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 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
• Good communication skills

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

About us and our teams

Please visit our company website for further information:

https://www.db.com/company/company.htm

Deutsche Bank & Diversity - Do not add - This is a standard paragraph that will pull through automatically for external adverts in Workday.

Diversity, inclusion and mutual respect are essential elements of who we are. These values define the working environment we strive to create – engaging, supportive and welcoming of different views. We believe innovation stems from intellectual curiosity alongside the right mix of skills and talents. Therefore, we embrace a culture reflecting a variety of perspectives, insights and backgrounds. The company promotes equality of opportunity and encourages the development of all employees to their full potential. We are open to agile working arrangements – talk to us about flexibility and other initiatives we offer.

We are an equal opportunities employer who seeks to recruit and appoint the best available person for a job regardless of age, disability, gender reassignment, marriage or civil partnership, pregnancy or maternity, race (which includes colour, nationality and national or ethnic origins), religion or belief, sex or sexual orientation.