CFO - Trading Risk & P&L Production Specialist, AVP

Employer
Deutsche Bank
Location
Singapore, Singapore
Salary
NA
Posted
18 Jun 2022
Closes
18 Jul 2022
Ref
15480021
Job Function
Accounting/Audit/Tax
Industry Sector
Finance - General
Employment Type
Full Time
Education
Bachelors
Job Description
  • Manage offshore team to produce daily reporting of valuation and risk to the business, including timely issue identification and resolution. This would involve trade modeling, liaising with Front Office to confirm prices and understanding the trades
  • Produce and analyzing full P&L attribution, and resolving any unexplained P&L
  • Improve processes including speed and accuracy of risk sensitivities, to reduce the level of manual intervention required in the work flow and to streamline the workflow
  • Set up and testing of valuation and risk for new products and verification of new deal P&L
  • Review, analyzing and verifying the booking of complex trade structures within DB systems, including close liaison with Operations to ensure timely and correct trade verification and maintenance
  • Work with stakeholders to standardize booking practices and reducing operational risk surrounding exotic bookings
  • Daily oversight of Risk & P/L Model Risk Control responsibilities including monitoring of ageing exceptions for all asset classes in APAC
  • Familiarize with bank policies around model risk control, valuation services and risk and P/L control
  • Understand and analyze the root cause of exceptions, take ownership of exceptions and actively drive remediation
  • Respond to internal client queries on valuation and risk, through a strong understanding of pricing concepts, model limitations and analytical pricing libraries
  • Work closely with stakeholders and partners in Front Office, Market Risk Management, Global Valuation Group & Operations to fulfill our responsibilities.

Additional Job Description

Details of the Division and Team:

Deutsche Bank's Investment Business is responsible for the origination, sale, structuring and trading of fixed income, equity, foreign exchange, derivatives and money market products. Investment Banking has established itself as one of those global leaders in these products by combining its unique distribution franchise with its pricing, structuring and execution expertise.

The Asia Emerging Markets ("Asia EM") team in Singapore supports business and is responsible for ensuring accurate trade capture of complex trades and appropriate model usage. The team also provides timely, accurate, independent valuation and risk information to trading desks.

We are looking for an intelligent, proactive and highly motivated individual to work in our team. The role will involve accurate trade capture, market data management, model risk/exotics trade review and other initiatives initiatives/projects. The role requires strong stakeholder management with Front Office, Infrastructure Groups and other Finance teams across multiple locations.

Your key responsibilities:
  • Report valuation and risk to the business daily, including timely issue identification and resolution. This would involve trade modeling, liaising with Front Office to confirm prices and understanding the trades
  • Produce and analyze full P&L attribution, and resolving any unexplained P&L
  • Continuous improvement to improve speed and accuracy of risk sensitivities, to reduce the level of manual intervention required in the workflow and to streamline the workflow
  • Set up and testing of valuation and risk for new products and verification of new deal P&L
  • Reviewing, analyzing and verifying the booking of complex trade structures within DB systems, including close liaison with Operations to ensure timely and correct trade verification and maintenance
  • Work with stakeholders to standardize booking practices and reducing operational risk surrounding exotic bookings
  • Familiarize with bank policies around model risk control, exotic trade review, valuation services and risk and P/L control
  • Understand and analyze the root cause of exceptions, take ownership of exceptions and actively drive remediation
  • Respond to internal client queries on valuation and risk, through a strong understanding of pricing concepts, model limitations and analytical pricing libraries
  • Work closely with stakeholders and partners in Front Office, Market Risk Management, Global Valuation Group & Operations to fulfill our responsibilities.

Your skills and experience:
  • Minimum of 2 years working experience in a financial institution or investment bank
  • Broad knowledge of banking products such as Fixed Income, Rates, Currencies, Derivatives including pricing and risk
  • Proficient in Microsoft Query, Python and Alteryx. Experience in SQL, Tableau, VBA and C++ would be an advantage
  • Strong inter-personal skills as constant interaction with stakeholders and partners is expected.
  • Analytical and thorough, whilst being able to communicate complex information to a wide variety of stakeholders.
  • A strong team player.
  • Possess intellectual curiosity in valuation problems (all aspects of quantitative finance and methodologies)
  • Have the skills to drive continuous improvement of processes and workflow.

Role is required to be performed on-site at One Raffles Quay office. Relevant vaccination requirement applies

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