Job Description
Job Description:
Job Title- MVRM Portfolio Stress Testing - Associate
Location- Mumbai
Role Description
Market & Valuation Risk Management (MVRM) provides an independent view of market risks to Deutsche Bank's senior management and manages the Market Risk position in an independent and neutral way. MVRM strives to incentivize the trading businesses to implement better risk management practices. MVRM is thus an important partner for the trading business and its contribution is central to ensuring that the levels of risk-return ratios for the Bank are in line with the risk appetite of the bank.
Stress testing is a key risk management technique used to estimate the impact on Deutsche Bank's earnings stability and capital resilience, of a set of specified changes in risk factors, corresponding to extreme but plausible events.
MVRM Portfolio Stress Testing provides a cross asset top-down approach for senior management to understand the stress P&L for DB Group across a broad range of hypothetical and historical events. It is used extensively for business strategy, risk management and capital planning. The team works closely with Market Risk Managers covering all asset classes along with other key stakeholders across the enterprise.
The MVRM Portfolio Stress Testing team is looking for a strong technical candidate to work on Scenario Design and Expansion for Market risk stress scenario shock calibration. The role would involve working on historical time series, scenario expansion models, multiple risk factors in order to calibrate the stress shocks. It will also involve liaising with SMEs from Market Risk Management, Risk Methodology & Market data time series teams to come up with the stress shocks.
The candidate will ideally have strong understanding in macro market moves and risk factor and product knowledge. The candidate will also have strong automation language skills (Python, VBA for Excel/Access, SQL) and willing to join a dynamic environment under high scrutiny.
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
• Working on scenario design and expansion based on scenario narratives across internal, group-wide and regulatory scenarios
• Work closely with multiple timeseries dataset and develop the shocks using scenario design models
• Liaising with SME from Market Risk Management team to agree on the shock calibration approach and the output
• Presenting the shock calibration methodology in the relevant forums to seek the necessary approvals
Your skills and experience
• University degree preferably in Computer Science and/or Mathematics/Statistics with 6+ years' work experience.
• Strong knowledge and working experience of scenario expansion models
• Strong products knowledge in one or more asset classes.
• IT skills: Python/Java, VBA for Excel & Access, SQL
• Familiarity / experience with key regulatory deliverables and developments in stress testing.
• Highly organized and motivated, with excellent communication and interpersonal skills.
• Able to multitask, adapt and work well under pressure
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
Please visit our company website for further information:
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, ****** orientations, disabilities, beliefs and generations and are committed to providing a working environment free from harassment, discrimination and retaliation.
Click to find out more about our diversity and inclusion policy and initiatives
Job Title- MVRM Portfolio Stress Testing - Associate
Location- Mumbai
Role Description
Market & Valuation Risk Management (MVRM) provides an independent view of market risks to Deutsche Bank's senior management and manages the Market Risk position in an independent and neutral way. MVRM strives to incentivize the trading businesses to implement better risk management practices. MVRM is thus an important partner for the trading business and its contribution is central to ensuring that the levels of risk-return ratios for the Bank are in line with the risk appetite of the bank.
Stress testing is a key risk management technique used to estimate the impact on Deutsche Bank's earnings stability and capital resilience, of a set of specified changes in risk factors, corresponding to extreme but plausible events.
MVRM Portfolio Stress Testing provides a cross asset top-down approach for senior management to understand the stress P&L for DB Group across a broad range of hypothetical and historical events. It is used extensively for business strategy, risk management and capital planning. The team works closely with Market Risk Managers covering all asset classes along with other key stakeholders across the enterprise.
The MVRM Portfolio Stress Testing team is looking for a strong technical candidate to work on Scenario Design and Expansion for Market risk stress scenario shock calibration. The role would involve working on historical time series, scenario expansion models, multiple risk factors in order to calibrate the stress shocks. It will also involve liaising with SMEs from Market Risk Management, Risk Methodology & Market data time series teams to come up with the stress shocks.
The candidate will ideally have strong understanding in macro market moves and risk factor and product knowledge. The candidate will also have strong automation language skills (Python, VBA for Excel/Access, SQL) and willing to join a dynamic environment under high scrutiny.
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
• Working on scenario design and expansion based on scenario narratives across internal, group-wide and regulatory scenarios
• Work closely with multiple timeseries dataset and develop the shocks using scenario design models
• Liaising with SME from Market Risk Management team to agree on the shock calibration approach and the output
• Presenting the shock calibration methodology in the relevant forums to seek the necessary approvals
Your skills and experience
• University degree preferably in Computer Science and/or Mathematics/Statistics with 6+ years' work experience.
• Strong knowledge and working experience of scenario expansion models
• Strong products knowledge in one or more asset classes.
• IT skills: Python/Java, VBA for Excel & Access, SQL
• Familiarity / experience with key regulatory deliverables and developments in stress testing.
• Highly organized and motivated, with excellent communication and interpersonal skills.
• Able to multitask, adapt and work well under pressure
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
Please visit our company website for further information:
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, ****** orientations, disabilities, beliefs and generations and are committed to providing a working environment free from harassment, discrimination and retaliation.
Click to find out more about our diversity and inclusion policy and initiatives
💡 Quick Summary
Seeking a career-building opportunity? The Market Risk Analyst position is now open for candidates interested in the Bank Jobs sector. This role in Mumbai offers a professional environment and growth potential.
Requirement Snapshot: Candidates should possess basic communication skills, a proactive attitude, and the ability to work in a team. Experience in Bank Jobs is a plus.
