Market Risk Management, CPM (Counterparty Portfolio Management)

Job Title: Market Risk Manager, CPM (Counterparty Portfolio Management)

Location: London

Corporate Title: Vice President

The Chief Risk Office function 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. 

As a Market Risk Manager, you will be responsible for global coverage of Counterparty Portfolio Management (CPM), you will work within a team whose mission is to achieve the effective oversight of the central X – Value Adjustments (xVA) management and capital hedging desk.

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

• Daily monitoring of risk and exposures and driving both the articulation and adherence to risk appetite. This includes ensuring risk completeness and accuracy and that the limit framework and appetite is commensurate with infrastructure and develop and implement the Risks-not-in framework
• Engage and challenge Front Office (FO) desk heads and senior traders with respect to exposures, new business, market activity, risk culture, controls, and risk appetite; escalate risk exposures and issues as required to senior management within the Chief Risk Office (CRO) function. This would include building out risk management tools appropriate for CPM portfolios to identify potential losses not captured in the standard metrics.
• Partner with other Risk management functions such as Market Risk Analysis and Control, Methodology, Portfolio, Market Data and associated Working Groups and Committees

Your skills and experience

• Math(s), Sciences, Finance, Business, or other relevant degrees preferred. Masters or higher education is an advantage.
• Experience in market risk management, either within the second line (market risk) or first line (trading, structuring). Prior asset class experience in xVA, counterparty risk or traded credit is preferred. Experience in roles such as valuation or credit risk will be considered, if the candidate can show a great understanding of the market risks arising from trading positions.
• Firm understanding of credit, FX, interest rate, and commodity derivative products and related risk methodologies. Ability to understand and explain the impact of financial and economic events on markets and market risk positions.
• Knowledge/Experience with capital requirement regulations would be advantageous
• Technical skills in Python, Tableau or similar applications is preferred

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

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.