Valuations Senior Specialist, AVP

About The Role : 

In Scope of Position based Promotions (INTERNAL only)


Job Title:Valuations Senior Specialist, AVP

Location:Mumbai, India

Role Description:
The candidate will be responsible for running the IPV (Independent Price Verification) processes for vanilla, derivative and structured products (price/risk based testing & full revaluation). Apart from IPV, the candidate will also be responsible for completeness check, reserve calculation, pruval, VCR reporting and publishing results. The role also entails contributing to supporting business processes like quality assurance, regulatory compliance and other internal processes.
Guidance for writing the position description:

Articulate and define the main purpose of the position, addressing the question Why does it exist?

It is important to use reflective and action verbs to outline the main position and reason of being of the position, state the framework or limits within which the position is set, and include the permanent objectives or end-result of the position

Provide an overview of the key result areas of the position

What we'll offer you
As part of our flexible scheme, here are just some of the benefits that youll 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
Guidance for setting out the responsibilities and tasks to be carried out in the position:

Describe the responsibility and expected contributions of the position, listed in the order of priority

Each responsibility should indicate the expected results; expressing both the what (responsibility) and how (task)

Consider the position on a permanent basis without reference to a time frame

Combine minor or occasional responsibilities; do not include a responsibility which occupies 5% or less of an incumbents time unless it is an essential part of the position

Consider the content of the position on these three dimensions:

Accountabilities (takes ultimate decisions)

Responsibilities (takes decisions within a provided framework)

Supporting (has a helping or facilitating position)

Use gender neutral language such as s/he

Avoid words that are open to interpretation for example instead of handle incoming mail use sort and distribute incoming mail.

Note:For positions with supervisory/management responsibilities, there is a standard People Management section with specific responsibilities for Corporate Title Bands.

Note:For positions relating to Heads of Functions, example responsibilities to select from include:

Sets a vision for long term organizational success at global / regional business level and implements respective strategic plans

Oversees development and execution of objectives, plans and policies and is accountable for continuous efforts to improve Deutsche Bank's competitive Position and its performance

Ensures financial success by controlling budget planning and management as well as the P&L

Maintains internal and external key business relationships

Ensures the alignment to the DB risk management framework as well as to current regulatory and compliance requirements

Perform the IPV (Independent Price Verification) processes on vanilla & exotic products like Bonds, IR Swaps, Swaption, Inflation Swaps, Inflation Options, CDS, FX Options, Equity Derivatives, Loans etc. Analyze and explain the outputs, identify drivers for variance, and publish the results to a broader audience.

Perform completeness check and calculate reserve amounts on portfolio.

Produce and perform quality checks for testing process for the regional business.

Discuss price testing results, fair value and model reserves, general modeling issues / uncertainties with front office and reporting on suitability for specific products / markets

Prepare MIS pack presentation and report the same to senior GVG Management, Front Office, Risk Management, and Finance.

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.

Significant involvement in ad-hoc projects / investigations and co-ordinate in the activities of the team.

Ensure completion/adherence of activity as per standard procedure/key operating procedure.

Ensure quality/quantity of processing is maintained as per the SLA.

Escalate all issues in time, to the appropriate level, to avoid any adverse impact on the business.

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.

People Management
The behaviors provided below should be adopted by all Deutsche Bank employees in relation to their development and management of others.

Supports the development of an environment where people management and development is the number one priority. Coaches direct reports and others in the organization, as appropriate

Actively supports the business strategy, plans and values, contributing to the achievement of a high performance culture

Takes ownership for own career management, seeking opportunities for continuous development of personal capability and improved performance contribution

Acts as a role model for new employees, providing help and support to facilitate early integration and assimilation of their new environment

Supports tough people decisions to ensure people performance is aligned with organisation imperatives and needs. Addresses individual performance issues, where necessary, to drive for high performance

Your skills and experience

Specify the minimum level and type of experience required for the position (e.g. specialised or cross-functional, cross-industry experience, local or international experience)

Do not include the number of years

Alternative possible background can be indicated

Consider the experience required in the following areas:

Risk and Regulatory

Business

Leadership

MIFiD II Positions:Ensure the description outlines the need to possess the necessary knowledge, competence and at least 6 months of experience in a relevant role to meet relevant regulatory and legal requirements.

6 to 8 years in valuations or product control areas such as Risk/P&L

Knowledge of the workings of OTC derivative products (Rates, Credit, Equity, FX, Commodities) and markets.

Knowledge of pricing models.

Experience with Bloomberg and Reuters in key markets data sets & using pricing functions.

Strong experience with MS Excel financial functions and experience in writing macros.

Experienced in VBA or an object oriented language like C, C++, Python etc is a plus

Education/ Qualifications

Define the minimum level and type of education required.

If applicable, indicate type of certificate, diploma or degree required

MIFiD II Positions:Confirm position description contains appropriate Qualification Category. Ensure the description outlines the need to possess the necessary knowledge, competence and experience to meet relevant regulatory and legal requirements.

Graduates (Maths/Stats/Econometrics) / Engineers / CA with MBA/CFA/FRM and good academic records with overall 6-8 years of relevant experience.

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


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.