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AVP - GFCT Valuation Control

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Deutsche Bank

12d ago

  • Job
    Full-time
    Senior Level
  • Accounting & Tax
    Banking & Finance
  • Mumbai
  • 8d left

AI generated summary

  • You should have experience in Valuation/Market Risk at an investment bank, knowledge of Credit/Rates/Currency markets, and skills in Excel, VBA, Python, and market data providers. Good communication skills are essential.
  • You will perform price verification, analyze pricing variances, enhance process efficiency, collaborate with teams on valuations, ensure control accuracy, and support strategic projects and documentation.

Requirements

  • Ideally the candidate will have 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.
  • 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.

Responsibilities

  • Perform 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.
  • Report and provide analysis of pricing variance drivers, perform due diligence on the reliability of market data from multiple sources such as Bloomberg, Markit-Totem, brokers and other independent sources
  • Take ownership of the process and models, thoroughly understand the underlying financial and mathematical concepts, and make change / improvements, in consultation with other stakeholders, if situation warrants.
  • Increase the process efficiency by automating manual steps in the processes. Co-ordinate with CTB to increase efficiency.
  • Develop strong relationships with product control, risk management and quantitative departments on valuation and modeling issues.
  • Ensure controls around processes such as completeness and accuracy, and adherence to key operating procedure.
  • Discuss IPV, FVA reserves, Levelling and Prudential Valuations results with regional Valuation Teams, Desk and other stakeholders
  • Be involved in Strategic, Tactical/ ad-hoc projects / investigation requests from Stakeholders
  • Ensure proper back-ups are created and assist other teams during contingencies (Staff shortage, high volumes etc). Create / modify / update the supporting documentation like KOP/SOP etc.

FAQs

What is the job title for this position?

The job title is AVP - GFCT Valuation Control.

Where is the job located?

The job is located in Mumbai, India.

What are the key responsibilities of this position?

Key responsibilities include performing Independent Price Verification (IPV), Fair Value adjustments, managing pricing variance drivers, and developing relationships with product control and risk management departments.

What qualifications or experience are required for this role?

Ideally, candidates should have several years of experience in Valuation/Market Risk departments, in-depth knowledge of Credit, Rates, or Currency markets, and specific exposure to IPV, reserving, pricing, and modeling.

What skills are preferred for this position?

Preferred skills include good working knowledge of Excel, VBA, and possibly Python, as well as hands-on experience with market data providers like Bloomberg and Reuters.

What benefits are offered to employees in this role?

Benefits include best-in-class leave policy, gender-neutral parental leaves, child care assistance, flexible working arrangements, and comprehensive hospitalization insurance.

Is this position open to internal candidates only?

Yes, this position is specified as an internal only opportunity for candidates eligible for In Scope of Position based Promotions.

Does the company provide training and development opportunities?

Yes, the company provides training and development to help employees excel in their careers.

What kind of work culture can employees expect?

Employees can expect a culture of empowerment, collaboration, and celebration of successes, promoting a positive, fair and inclusive work environment.

Are there any specific certifications sponsored by the company?

Yes, the company sponsors industry-relevant certifications and education for its employees.

Deutsche Bank

Finance
Industry
10,001+
Employees
1869
Founded Year

Mission & Purpose

At Deutsche Bank, we give original thinkers the space and support they need to shine. Merging local knowledge with global vision, in-depth insight with industry-leading digital expertise, if you’re an innovator by nature, we can help you to unleash your potential. We see things differently at Deutsche Bank – and we’re proud of our fresh perspective. Today, we’re driving growth through our strong client franchise, investing heavily in digital technologies, prioritising long-term success over short term gains, and serving society with ambition and integrity. Wherever your interests lie – in investment banking, trading, private wealth, asset management, retail banking - or many of the infrastructure functions that support them – you’ll discover resources, training and opportunities designed to keep you ahead of the curve. Intelligence has no boundaries: we welcome high-achieving, talented individuals from any background.

Benefits

  • Home office flexible work time

    We support flexible working, whether that’s working from home, flexible working hours or even part-time working. However, it is important to note that opportunities will vary depending on your particular role.

  • Annual leave & more

    Employees are entitled to generous leave allowance (details should be discussed with local recruitment teams). Additionally, paid leave is granted for special events including, wedding/civil partnerships, compassionate leave, paternity leave or when you’re caring for a sick child. On top of the statutory 36 months of parental leave (Germany), Deutsche Bank offers an extra six months of parental leave – providing you have been with us for more than three years.

  • Support & Counselling

    Whether you need professional help or personal advice: Deutsche Bank offers a comprehensive support network ranging from career advice, mental health support, assistance in finding childcare or social care for the elderly.

  • Health insurance

    You can choose between statutory or a range of private health insurance options. Our statutory health insurance ‘Betriebskrankenkasse BKK’ is available exclusively to Deutsche Bank employees and their families. Aside from shorter waiting times for appointments, BKK provides access to expert medical consultations over the phone and regular health checks.

  • Sick pay

    Beyond statutory sick pay, Deutsche Bank will also cover the difference between your net salary and the statutory sickness benefit allowance. The duration of the sick pay will be dependent on the number of years you’ve worked with us.

  • Pension

    We understand that pensions can be a dry topic; however here at Deutsche Bank, we are dedicated to simplifying the complexities, so that all of our people can enjoy their lives beyond work. To provide a great foundation for your future, we provide our people with a comprehensive pension scheme that delivers all the security and all the flexibility you need.