Job Description
Position Overview
In Scope of Position based Promotions (INTERNAL only)
Job Title: Valuations Senior Specialist, AVP
Location: Mumbai, India
Role Description
Valuation Control is a specialist group within Market and Valuations Risk Management (MVRM) that manages a wide range of relevant risk and implementation topics to ensure integrity and control over all aspects of the valuation of the Bank's trading portfolios.
Performance of monthly and intra-month Independent Price Verification (IPV), Reserves and Prudential Capital
Oversight and development of valuation, reserve and Prudential Capital methodologies
Analysis and management of key valuation uncertainty issues through DB's senior management
Review of bespoke derivative and structured financing trades
Valuations works closely with its Risk Management partners, Finance, and Trading globally and employs a team extension model in Mumbai.
What We'll Offer You
We offer a flexible scheme with various benefits, including:
Best in class leave policy
Gender neutral parental leaves
100% reimbursement under child care assistance benefit (gender neutral)
Flexible working arrangements
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
You will be responsible for:
Performing the IPV( Independent Price Verification), Fair Value adjustments (FVA reserves), Fair Value Hierarchy levelling, Day1 PNL assessment, Prudential Valuations (Pruvals) calculations of products such as Bonds, Loans, Swaps, Securitized Products, Derivatives (including Forwards, Options and CDS), FX, IR Swaps, Swaption, Inflation Swaps, Inflation Options, other Interest Rates products etc.
Taking ownership of the process and models, thoroughly understanding the underlying financial and mathematical concepts, and making change / improvements, in consultation with other stakeholders, if situation warrants.
Increasing the process efficiency by automating manual steps in the processes. Co-ordinating with CTB to increase efficiency.
Developing strong relationships with product control, risk management and quantitative departments on valuation and modeling issues.
Ensuring controls around processes such as completeness and accuracy, and adherence to key operating procedure.
Discussing IPV, FVA reserves, Levelling and Prudential Valuations results with regional Valuation Teams, Desk and other stakeholders
Being involved in Strategic, Tactical/ ad-hoc projects / investigation requests from Stakeholders
Ensuring proper back-ups are created and assisting other teams during contingencies (Staff shortage, high volumes etc). Creating / modifying / updating the supporting documentation like KOP/SOP etc.
Your Skills And Experience
You should have:
A minimum of several years of experience within the Valuation / Market Risk departments of a large investment bank with in-depth knowledge of Credit, Rates, or Currency markets.
Specific exposure to IPV, reserving, pricing and modelling aspects of valuation control of trading businesses is preferred.
A good working knowledge of Excel, VBA and possibly Python, hands-on experience of market data providers including Reuters, Bloomberg, ISMA and Markit
Good communication skills
How We'll Support You
We will provide:
Training and development to help you excel in your career
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
About Us And Our Teams
Please visit our company website for further information:
https://www.db.com/company/company.htm
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.
We welcome applications from all people and promote a positive, fair and inclusive work environment.
In Scope of Position based Promotions (INTERNAL only)
Job Title: Valuations Senior Specialist, AVP
Location: Mumbai, India
Role Description
Valuation Control is a specialist group within Market and Valuations Risk Management (MVRM) that manages a wide range of relevant risk and implementation topics to ensure integrity and control over all aspects of the valuation of the Bank's trading portfolios.
Performance of monthly and intra-month Independent Price Verification (IPV), Reserves and Prudential Capital
Oversight and development of valuation, reserve and Prudential Capital methodologies
Analysis and management of key valuation uncertainty issues through DB's senior management
Review of bespoke derivative and structured financing trades
Valuations works closely with its Risk Management partners, Finance, and Trading globally and employs a team extension model in Mumbai.
What We'll Offer You
We offer a flexible scheme with various benefits, including:
Best in class leave policy
Gender neutral parental leaves
100% reimbursement under child care assistance benefit (gender neutral)
Flexible working arrangements
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
You will be responsible for:
Performing the IPV( Independent Price Verification), Fair Value adjustments (FVA reserves), Fair Value Hierarchy levelling, Day1 PNL assessment, Prudential Valuations (Pruvals) calculations of products such as Bonds, Loans, Swaps, Securitized Products, Derivatives (including Forwards, Options and CDS), FX, IR Swaps, Swaption, Inflation Swaps, Inflation Options, other Interest Rates products etc.
Taking ownership of the process and models, thoroughly understanding the underlying financial and mathematical concepts, and making change / improvements, in consultation with other stakeholders, if situation warrants.
Increasing the process efficiency by automating manual steps in the processes. Co-ordinating with CTB to increase efficiency.
Developing strong relationships with product control, risk management and quantitative departments on valuation and modeling issues.
Ensuring controls around processes such as completeness and accuracy, and adherence to key operating procedure.
Discussing IPV, FVA reserves, Levelling and Prudential Valuations results with regional Valuation Teams, Desk and other stakeholders
Being involved in Strategic, Tactical/ ad-hoc projects / investigation requests from Stakeholders
Ensuring proper back-ups are created and assisting other teams during contingencies (Staff shortage, high volumes etc). Creating / modifying / updating the supporting documentation like KOP/SOP etc.
Your Skills And Experience
You should have:
A minimum of several years of experience within the Valuation / Market Risk departments of a large investment bank with in-depth knowledge of Credit, Rates, or Currency markets.
Specific exposure to IPV, reserving, pricing and modelling aspects of valuation control of trading businesses is preferred.
A good working knowledge of Excel, VBA and possibly Python, hands-on experience of market data providers including Reuters, Bloomberg, ISMA and Markit
Good communication skills
How We'll Support You
We will provide:
Training and development to help you excel in your career
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
About Us And Our Teams
Please visit our company website for further information:
https://www.db.com/company/company.htm
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.
We welcome applications from all people and promote a positive, fair and inclusive work environment.
💡 Quick Summary
Seeking a career-building opportunity? The Valuations Senior Specialist, AV 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.
