Market & Valuation Risk Management - Rates

Job Description:

Job Title Market & Valuation Risk Management – Rates

Corporate Title Vice President

Location New York, NY

Overview

As a Valuation Risk Manager covering Rates, you will ensure effective risk management focused on Independent Price Verification (IPV) across interest rate products and derivatives for the Americas region. The Rates area includes a variety of sub-businesses such as Options, Swaps, Exotics, Repo, Treasuries, Inflation, Mortgage-Backed Securities (MBS), Municipal bonds and Social Infrastructure, etc. This role will have a deep focus on Mortgage-Backed Securities desks including Agency MBS and Collateralized Mortgage Obligations (CMOs) and Public Finance & Solutions (PF&S) desk including Municipal Bond Trading, Social Infrastructure, Affordable Housing and E-Trading desks.

You’ll be an integral part of the Valuation Risk team focusing on all aspects of valuation including IPV, fair value reserving, prudent valuation, methodology review, Day 1 Profit & Loss, leveling and control framework.

This role demands a strong understanding of financial instruments, valuation methodologies, market data, and a proven ability to drive strategic initiatives and foster a robust control environment.

This includes managing relevant regulatory and internal projects. Also, as the Valuation Team sits within Credit Risk Operations you will be integrated on the Market Risk side and interact daily across the entire organization including Front Office, other Risk areas, Technology and Finance.

What We Offer You

• A diverse and inclusive environment that embraces change, innovation, and collaboration
• A hybrid working model, allowing for in-office / work from home flexibility, generous vacation, personal and volunteer days
• Employee Resource Groups support an inclusive workplace for everyone and promote community engagement
• Competitive compensation packages including health and wellbeing benefits, retirement savings plans, parental leave, and family building benefits
• Educational resources, matching gift and volunteer programs

What You’ll Do

• Oversee monthly and intra-month Independent Price Verification (IPV) across the Rates business, with a primary focus on municipal bonds and derivatives—including flow, financing, social infrastructure, affordable housing, and gas prepayment transactions—as well as Mortgage-Backed Securities, including Agency Specified Pools, TBAs, IOs, IIOs, and CMOs

• Partner regularly with Business (Front Office Trading) and Strats on the most significant items including emerging valuation risks, support new business growth and initiatives and challenge where necessary

• Engage with Senior Management around significant matters as well with key stakeholders including Front Office heads, Risk managers, Finance and IT
• Key contact for internal and externa auditors and regulators on IPV matters for business area. In addition, lead with global teams delivering on overall valuation agenda and controls
• Be innovative around optimization efforts within Rates business with focus on methodologies, innovation and robust automated controls with a focus on integrating AI

How’ll You’ll Lead

• By your integrity and professionalism and unwavering commitment to ethical conduct and maintaining independence and objectivity in the IPV function
• Mentor junior team members and in future may manage junior staff both on & offshore

Skills You’ll Need

• Math(s), Sciences, Finance, Engineering, Business degree. MS or higher education, an advantage. Post graduate finance-related qualification (i.e., CFA or FRM), an advantage
• Extensive experience in a markets or investment banking environment in a valuation, risk management, front office (i.e. trading\structuring) or product control capacity
• Deep understanding of financial instruments and markets; expert knowledge across a broad range of Fixed Income, most notably rates products and derivatives including cash products across MBS and Municipal bonds
• Extensive knowledge using Yield Book, Intex and DCF modelling are a plus
• Proven ability to leverage AI tools to enhance productivity, optimize workflows to solve business problems, while applying critical judgment to ensure responsible and ethical use of data and AI outputs

Skills That Will Help You Excel

• Stakeholder management and exceptional ability to build and maintain strong relationships with the Business and Senior Management influencing decisions and managing expectations

• Project Management skills; keeping updated plans and tracking along critical path

• Ability to troubleshoot and communicate complex topics and issues to Senior management in an effective manner

Expectations

It is the Bank’s expectation that employees hired into this role will work in the New York office in accordance with the Bank’s hybrid working model.

Deutsche Bank provides reasonable accommodation to candidates and employees with a substantiated need based on disability and/or religion.

The salary range for this position in New York City is $125,000 to $203,000. Actual salaries may be based on a number of factors including, but not limited to, a candidate’s skill set, experience, education, work location and other qualifications. Posted salary ranges do not include incentive compensation or any other type of remuneration.

Deutsche Bank Benefits

At Deutsche Bank, we recognize that our benefit programs have a profound impact on our colleagues. That’s why we are focused on providing benefits and perks that enable our colleagues to live authenti­cally and be their whole selves, at every stage of life. We provide access to physical, emotional, and financial wellness benefits that allow our colleagues to stay financially secure and strike balance between work and home. Click here to learn more!

Learn more about your life at Deutsche Bank through the eyes of our current employees https://careers.db.com/life

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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.

Qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, protected veteran status or other characteristics protected by law. Click these links to view Deutsche Bank’s Equal Opportunity Policy Statement and the following notices: EEOC Know Your Rights; Employee Rights and Responsibilities under the Family and Medical Leave Act; and Employee Polygraph Protection Act.