Job Location: Mumbai
Job Title- Risk Analyst
Location- Mumbai
Role Description
Risk division has a fundamental responsibility to protect the Bank. With group-wide responsibility for the management and control of credit, market, operational and reputational risks, we have a unique vantage point which allows us a holistic view of our businesses and our clients. Nearly 4,000 employees work together in our division to achieve our ambition to be an industry-leading risk management organisation. In an increasingly complex environment, risk management is fast-becoming the most sought after place to build a career within the banking world. Risk at Deutsche Bank is relied upon to help shape the strategy of the organisation and the wider industry agenda. Enterprise Risk Management (ERM) Enterprise Risk Management (ERM) key objective is to shape Bank’s strategy and lead risk management at enterprise level, unconstrained by risk types and geographies, together with ERM’s partners in Risk and the Bank. ERM manages the enterprise-level risk management framework so that all risks are identified, owned and controlled Bank-wide, and within the agreed risk appetite and culture. Enterprise Risk Analytics & Reporting is engaged in a range of key strategic initiatives, in close cooperation with Credit Risk Management (CRM), Market Risk Management (MRM) and Non-Financial Risk Management (NFRM), aimed at providing further enhanced transparency to risk information and thus supporting risk management action Global Credit Analytics Team (GCAF) Global Credit Analytics Team (GCAF) is one of the pillars in the Credit Risk domain of the Bank, responsible for assigning Probability of Default Rating to Corporate and Institutional counterparties of the Bank. It also conducts Annual Credit Reviews and ensures strong portfolio surveillance/ monitoring and conducts need based portfolio reviews. Non-Financial Risk Management (NFRM) The Non-Financial Risk Management (NFRM) function monitors the Group-wide management of operational risks with mandate to identify, analyse, measure, control and manage all non-financial risks within DB, ensuring they are pursuant to the risk appetite of the bank. The department supports Management of risk decisions by preparing analyses and reports, validates the approaches and methods used in the OR division (in quantitative and qualitative terms) and verifies business inputs through quality assurance. Valuation Control (VC) Valuation Control (VC) is a centralised function of over 200+ professionals within Market and Valuation Risk Management (MVRM) responsible for the independent valuation of balance sheet positions predominantly across the Investment & Corporate Bank. As part of the firm’s Valuation Control process, VC acts as a specialised function to ensure that the trading portfolios are independently priced at fair value. In addition, VC acts as subject matter experts and internal advisors to other teams on Valuation-related topics, providing independent supporting analysis. The staffing of the group is drawn from a wide range of backgrounds including risk management, sales and trading, Quantitative analysts and accounting/product control
What we’ll 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 childcare assistance benefit (gender neutral)
- 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
Enterprise Risk Management (ERM)
- Produce Cross Risk and Portfolio Reports (e.g., Business Unit Risk Dashboards, Risk Appetite Credit Dashboard, Group
Divisional RCP, et alia) ensuring timely delivery and good quality outputs.
- Pro-actively support the identification and monitoring of risk appetite breach. Develop Commentary analysis and trend
analysis to provide management with Business Unit Risk Appetite insights
- Closely interact with different risk teams and portfolio owners to keep tracking of risk-topics under watch as well as Business
Heads and Chief Risk Representative for each Business
- Support the operationalization of the Governance/Appetite Framework with a corresponding comprehensive set of
monitoring processes and tools
- Identifying opportunities to automate and then implement efficient automation techniques to improve overall governance on
the processes
Global Credit Analytics Team (GCAF)
- Undertake accurate and timely credit analysis of counterparties (including Corporates and FIs) by identifying business and
financial risk based on understanding of business model, financial statement analysis, preparing cash flow model/ forecast
and peer analysis.
- Write Rating reports and credit reviews/analysis for recommendation to Senior members for approval.
- Active participation in Live trades with onshore credit officers (KCP) by understanding the trade dynamics, providing your
recommendation and completing the credit write-ups (Addendum) for the same.
- Monitoring of limits/exposure: Updating Limit amendments and credit relevant data updates in the credit system.
Non-Financial Risk Management (NFRM)
- Assist in the preparation and analysis of decision-making materials (such as reports, dashboards, etc.) for effective Risk
Monitoring
- Identify areas of risk profile challenge and ensure correct messaging in various senior management MIs based on read across
of underlying information (e.g. loss themes, metrics, Findings/SIIs and other contextual information)
- Performing Quality Assurance for signoff’s of New Product/ Transactions in the Bank and various other Framework
components (Events/ Self-Identified issues, etc.)
Valuation Control (VC)
- Perform the IPV (Independent Price Verification) processes on vanilla & exotic products like Bonds, IR Swaps, Swaption, Inflation
Swaps, Inflation Options, CDS, FX Options, etc. Analyze and explain the outputs, identify drivers for variance, and publish the
results to a broader audience.
- Discuss price testing results, fair value and model reserves, general modelling 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.
Your skills and experience
- Post-graduate degree in finance
- Understanding of Risk (Credit and Operational) and overall Risk Framework in a financial institution.
- Knowledge of the workings of OTC derivative products (Rates, Credit, Equity, FX, Commodities) and markets.
- Strong analytical skills, knowledge of financial markets and economic/industry trends
- Knowledge of financial ratios, financial statement analysis, cash flow projections or project finance
- Excellent communication skills – ability to articulate technical and financial topics with global stakeholders
- A reliable team player with the motivation to work in a dynamic, international and diverse environment.
- A committed and motivated individual for self-development and growth
- Keen interest in various risk frameworks and how they are interconnected for bank’s capital
- Basic experience in using large datasets and excellent in MS Office (including Access, Excel, PowerPoint and Word knowledge);
other IT skillsets like VBA, Python are useful
- Able to multi-task and deliver under tight deadlines
How we’ll support you
- Training and development to help you excel in your career
- 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
https://www.db.com/company/company.htm
Our values define the working environment we strive to create – diverse, supportive and welcoming of different views. We embrace a culture reflecting a variety of perspectives, insights and backgrounds to drive innovation. We build talented and diverse teams to drive business results and encourage our people to develop to their full potential. Talk to us about flexible work arrangements and other initiatives we offer.
We promote good working relationships and encourage high standards of conduct and work performance. We welcome applications from talented people from all cultures, countries, races, genders, sexual orientations, disabilities, beliefs and generations and are committed to providing a working environment free from harassment, discrimination and retaliation.
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