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R0224650 Chief Risk Office - Valuation Control Specialist -- Vice President

Deutsche Bank
Singapore, Singapore
Closing date
Jun 7, 2023

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Job Function
Risk Management
Industry Sector
Finance - General
Employment Type
Full Time
Job Description

Please contact hiring manager for formal JD.

Additional Job Description

Details of the Division and Team:

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.
Deutsche Bank has been named 'Bank Risk Manager of the Year' by the leading publication for the second consecutive year (2020 & 2021).

Valuation Control (VC) is part of our independent Risk function and sits within the Market and Valuations Risk Management (MVRM) group.
The primary objectives of the VC APAC team are to ensure the integrity and control over all aspects of the valuation of the bank's trading portfolios in the region, act as an internal advisor and operate a center of excellence for valuation risk and methodology.

Your key responsibilities:

The successful applicant will be up to a Vice-President Level and will be part of the Valuation Control team overseeing the Global Financing and Credit Trading (GFCT) business where you will gain broad market and technical exposure to bonds, loans, derivatives, and securitized products across the region.

Key responsibilities include
  • Develop an understanding and identification of the key valuation risk areas.
  • Understand the nature and risks of transactions, their key valuation drivers and establish a valuation risk monitoring framework.
  • Liaise with Trading, senior Finance management, Market Risk Management, internal/external audit and regulators on valuation issues as they arise.
  • Review and validate Trading valuation models and assumptions. Independent modeling of transactions may also be required periodically.
  • Detailed analysis of the transaction including review of relevant market indicators, comparable firms, credit ratings and spreads, industry/sector fundamentals, etc.
  • Conduct independent research as necessary to support valuation review with some requiring fundamental valuation techniques in addition to market or model based.
  • Ensure all aspects of the valuation review and control process are adequately documented based on internal and external requirements.
  • Manage the monthly/quarterly valuation review process.
  • Develop and implement a consistent methodology and process across all business areas for the independent valuation assessment of complex structured transactions.
  • This includes an assessment at the inception of the transaction, conducting ongoing regular valuation reviews, and proposing appropriate reserving methodologies.
  • Assess the technical issues pertaining to IFRS 7 level 3 asset valuation including modeling, market data, calibration, etc.
  • In conjunction with the Model Risk Management Team, assess the adequacy of valuation model controls to ensure continuing model validity, including the underlying model and calibration of model parameters.

Your skills and experience:
  • Minimum of 8 years' experience in a middle office, product control or valuation control function role within a financial institute, investment bank or buy-side firm with a focus on reviewing and analyzing complex structured trades
  • Strong understanding of cash flow modeling and structured finance as well as exposure to hybrid derivatives and securitized products.
  • Broad knowledge of banking products such as fixed income, flow products, valuation control, interest rates, credit and FX products
  • Specific exposure to the reserving, pricing, and modeling aspects of valuation control of trading businesses.
  • Highly motivated candidate, capable to work well both in a team environment and effectively under pressure.
  • Able to devise creative solutions to issues as they arise while maintaining a strategic perspective.
  • Good communication skills and the ability to build constructive relationships with business and other infrastructure teams, while at the same time being able to challenge with confidence when required.
  • Good working knowledge of Excel and possibly VBA, and hands-on experience of market data providers including Reuters, Bloomberg, and IHS Markit.
  • Experience with fundamental credit and investment analysis

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

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