Details of the Division and Team:
About Chief Risk Office (CRO)
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.
About the Wealth Management (WM) business in the Private Bank
Deutsche Bank's Wealth Management business is one of the largest wealth managers worldwide. We offer our clients a broad range of traditional and alternative investment solutions, as well as comprehensive advice on all aspects of Wealth Management.
As a trusted partner of wealthy individuals and entrepreneurs, family offices and foundations, we create lasting value for clients.
We specialize in developing bespoke solutions for our clients around the world, for instance wealth planning across successive generations and international borders, asset management with individual risk management, loans and deposits.
All this is possible thanks to our global network, our many years of experience and our close collaboration with the Corporate Bank, Investment Bank and DWS.
What we will offer you:
A healthy, engaged and well-supported workforce is 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 center.
You can expect:
- Flexible benefits plan including virtual doctor consultation services
- Comprehensive leave benefits
- Gender Neutral Parental Leave
- Flexible working arrangements
- 25 days of annual paid leave, plus public holiday & Flexible Working Arrangement
Your key responsibilities:
- Develop and manage a framework to identify risky counters based on publicly available data (e.g., Bloomberg) - build a system such that it can handle large volume of data - the output of the system should result in review and adjustment of generic lending values (as appropriate) across securities.
- Develop and manage a tool to identify “connected collateral / relatedness” linkages based on publicly (e.g., Bloomberg) and internally (KYC) available data.
- Enhance Collateral Concentration Framework to monitor and assess the risk within the portfolio to any individual issuer (esp. lowly rated or unrated bonds / illiquid equities / funds / other assets classes) - identify pockets of idiosyncratic and systematic risks.
- Develop and manage a robustly calibrated sensitivity / stress testing tool using granular assumptions across loans, FX/Options/derivatives stressing all asset classes (incl. equities, bonds, funds, structured notes, real estate etc.) to help proactive identification of potential risks within the portfolio.
- Robust monitoring of the portfolio to ensure pockets of risks within the portfolio are timely identified - be well aware of global, regional and local market events and their potential impact on the portfolio.
- Work very closely with the regional CRM WM teams esp. with the CRM WM Regional Heads as well as with Lending colleagues (1st line of defense) and share with them the output of the stress test as well as transparency of how the shocks have been calibrated.
- Share the findings with the senior management via well-articulated and succinct presentations / memos.
- Work with both internal and external auditors to ensure that audits progress smoothly and that any issues raised are resolved promptly.
- Role will require some line manager responsibilities. Ensure that the junior members in the team receive appropriate on the job training to enable them to be able to independently assess, constructively challenge, run with the sensitivity analysis.
- Maintain a clean shop with good discipline ensuring that all stress testing related process, calibrations and tools are well documented and registered (as appropriate).
- Support any adhoc projects assigned on a regional or global level.
Your skills and experience:
- Minimum 15 years relevant work experience in a major International Financial Institutions / Funds performing data analytics and portfolio management.
- Understanding of Wealth Management lending and derivative products, associated risks and an in-depth understanding and experience of developing well calibrated, granular level stress scenarios across different assets classes (equities, bonds, funds, real estate, structured notes etc.).
- Proven track record of building portfolio management tools that allows pro-active monitoring of the portfolio, helping identify pockets of risk building up, thereby allowing timely dynamic adjustment of lending values across securities and undertaking de-risking actions.
- Proven programming (e.g., Python / C++ etc.) and Excel (e.g., VBA) knowledge esp. as the work requires dealing with large data set across various systems and having strong programming / excel (VBA) knowledge will be essential to be able to deliver tactical and strategic solutions.
- Proven communication skills (both written and verbal skills) with an ability to write concise reports.
- Have an open mindset and respects challenging views from different stakeholders.
- Possesses analytical skills and an independent decision-maker with ability to support or defend conclusions.
- Team oriented, flexible, diligent, self-motivated and willing to lead and train junior teammates; someone who aspires to raise the bar.
- Ability to work effectively with wide range of cultures / personal styles and to establish strong partnership with front office staff.
- Ability to work under pressure and deadlines as well as working with front-office staff in amicable manner.
- Minimum Educational qualification Bachelor’s degree in Engineering, Mathematics, Economics, Statistics, Science.
Role is required to be performed on-site at One Raffles Quay office. Relevant vaccination requirements may apply.
How we’ll support you:
- 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
- Training and development to help you excel in your career
About us and our teams:
Deutsche Bank is the leading German bank with strong European roots and a global network. click here to see what we do.
Deutsche Bank & Diversity
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.
