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Business Finance - AVP

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Deutsche Bank

5d ago

  • Job
    Full-time
    Senior & Expert Level
  • Mumbai
  • 20d left

AI generated summary

  • You need experience in financial services with risk oversight, a relevant degree, strong technical knowledge, stakeholder management, and effective communication skills to excel in this role.
  • You will oversee daily independent Risk and P&L, manage exceptions, support traders, ensure process standardization, drive improvements, and develop team talent in Rates derivatives.

Requirements

  • Relevant experience in Financial Services / Product Control, experience in oversight in a risk and P&L environment over and over experience in production.
  • A Business or Accountancy based degree. Further relevant studies and/or a Masters is an advantage
  • Enhanced technical knowledge, particularly on Rates Risk Engine and an appreciation for the front to back process and control environment
  • Good cultural awareness and able to manage stakeholders across locations
  • Good people management skills in terms of team development and retention
  • Good communication skills, fluent in English (written/verbal)
  • An excellent team worker, able to work in virtual global teams and in a matrix organization
  • Open minded, able to share information, transfer knowledge and expertise to team members
  • Keeping pace with technical innovation and market driven initiatives and maintains a broad understanding of the Business Finance offering
  • Able to work under pressure
  • Able to challenge existing procedures and proactively look for process and system improvements.
  • Able to transfer knowledge and expertise to team members, and work across functions in order to share information and proactively resolve challenges.

Responsibilities

  • The role is Rates business aligned and will entail multiple sub product businesses.
  • Strong product knowledge on Interest Rates derivatives, with sound understanding of risks and valuations
  • Responsible for the oversight and management of the generation of the daily independent Risk and P&L in a timely manner, ensuring daily reconciliation and position reports as required.
  • Reviews any exceptions raised in reports by the team and/or escalated by the supervisor
  • As the key point of contact for traders and onshore colleagues, ensures all queries are rectified on a timely basis
  • Facilitates business growth and re-organisation. Involvement with the NPA (New Product Approval) process, making changes to reporting process as required.
  • Participate and execute strategic systems role out and other Change the Bank initiatives.
  • Work to ensure process standardisation across global product reporting, applied to both workflow practice and work tools that are used. Ensures a robust and scalable production process.
  • Responsible for the talent development and training requirements of team, delegating to supervisors where applicable
  • Flexibility regarding problem solving
  • Keeps pace with technical innovation and market driven initiatives
  • Strong interpersonal/good negotiations skills
  • Be comfortable & willing to drive process improvement.
  • Be able to constructively challenge.
  • Be inquisitive

FAQs

What is the job title for this position?

The job title is Business Finance - AVP.

Where is the job located?

The job is located in Mumbai, India.

What type of employment is being offered for this role?

This is a full-time, regular position.

What are the key responsibilities for this position?

Key responsibilities include generating daily independent Risk and P&L reports, reviewing exceptions, facilitating business growth, participating in strategic initiatives, and ensuring process standardization.

What skills and experience are required for this position?

Relevant experience in Financial Services/Product Control, a Business or Accountancy degree, enhanced technical knowledge in Rates Risk Engine, and good communication skills in English are required.

What is the primary focus of the Business Finance function?

The primary focus is on producing business-level revenue attribution, financial accounting, and ensuring accurate and timely reporting of Profit and Loss (PnL) for each business unit.

What benefits does the company offer?

Benefits include best-in-class leave policy, gender-neutral parental leaves, childcare assistance, industry certification sponsorship, hospitalization insurance, and an Employee Assistance Program.

What opportunities for training and development does the company provide?

The company offers training and development to help employees excel in their careers, coaching from experts, and a culture of continuous learning.

Is prior experience in a risk and P&L environment important for this role?

Yes, relevant experience in overseeing risk and P&L environments is important for this position.

Are there opportunities for career progression in this role?

Yes, there are opportunities for career progression as the company supports training, coaching, and development for employees.

What qualities should candidates demonstrate for this role?

Candidates should demonstrate excellent team work abilities, open-mindedness, the ability to work under pressure, and a proactive approach to process and system improvements.

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.