Valuations Senior Specialist, AVP

In Scope of Position based Promotions (INTERNAL only)

Job Title: Valuations Senior Specialist, AVP

Location: Mumbai, India

Role Description: 

The candidate will be responsible for running the IPV (Independent Price Verification) processes for vanilla, derivative and structured products (price/risk based testing & full revaluation). Apart from IPV, the candidate will also be responsible for completeness check, reserve calculation, pruval, VCR reporting and publishing results. The role also entails contributing to supporting business processes like quality assurance, regulatory compliance and other internal processes.

Guidance for writing the position description:

• Articulate and define the main purpose of the position, addressing the question “Why does it exist?”
• It is important to use reflective and action verbs to outline the main position and reason of being of the position, state the framework or limits within which the position is set, and include the permanent objectives or end-result of the position
• Provide an overview of the key result areas of the position

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 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

Guidance for setting out the responsibilities and tasks to be carried out in the position:

• Describe the responsibility and expected contributions of the position, listed in the order of priority
• Each responsibility should indicate the expected results; expressing both the “what” (responsibility) and “how” (task)
• Consider the position on a permanent basis without reference to a time frame
• Combine minor or occasional responsibilities; do not include a responsibility which occupies 5% or less of an incumbent’s time unless it is an essential part of the position
• Consider the content of the position on these three dimensions:
  • Accountabilities (takes ultimate decisions)
  • Responsibilities (takes decisions within a provided framework)
  • Supporting (has a helping or facilitating position)
• Use gender neutral language such as s/he
• Avoid words that are open to interpretation – for example instead of “handle incoming mail” use “sort and distribute incoming mail”.
• Note: For positions with supervisory/management responsibilities, there is a standard People Management section with specific responsibilities for Corporate Title Bands.
• Note: For positions relating to Heads of Functions, example responsibilities to select from include:
  • Sets a vision for long term organizational success at global / regional business level and implements respective strategic plans
  • Oversees development and execution of objectives, plans and policies and is accountable for continuous efforts to improve Deutsche Bank's competitive Position and its performance
  • Ensures financial success by controlling budget planning and management as well as the P&L
  • Maintains internal and external key business relationships
  • Ensures the alignment to the DB risk management framework as well as to current regulatory and compliance requirements
• Perform the IPV (Independent Price Verification) processes on vanilla & exotic products like Bonds, IR Swaps, Swaption, Inflation Swaps, Inflation Options, CDS, FX Options, Equity Derivatives, Loans etc. Analyze and explain the outputs, identify drivers for variance, and publish the results to a broader audience.
• Perform completeness check and calculate reserve amounts on portfolio.
• Produce and perform quality checks for testing process for the regional business.
• Discuss price testing results, fair value and model reserves, general modeling issues / uncertainties with front office and reporting on suitability for specific products / markets
• Prepare MIS pack presentation and report the same to senior GVG Management, Front Office, Risk Management, and Finance.
• 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.
• Significant involvement in ad-hoc projects / investigations and co-ordinate in the activities of the team.
• Ensure completion/adherence of activity as per standard procedure/key operating procedure.
• Ensure quality/quantity of processing is maintained as per the SLA.
• Escalate all issues in time, to the appropriate level, to avoid any adverse impact on the business.
• 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.

People Management

The behaviors provided below should be adopted by all Deutsche Bank employees in relation to their development and management of others.

• Supports the development of an environment where people management and development is the number one priority. Coaches direct reports and others in the organization, as appropriate
• Actively supports the business strategy, plans and values, contributing to the achievement of a high performance culture
• Takes ownership for own career management, seeking opportunities for continuous development of personal capability and improved performance contribution
• Acts as a role model for new employees, providing help and support to facilitate early integration and assimilation of their new environment
• Supports tough people decisions to ensure people performance is aligned with organisation imperatives and needs. Addresses individual performance issues, where necessary, to drive for high performance

Your skills and experience

• Specify the minimum level and type of experience required for the position (e.g. specialised or cross-functional, cross-industry experience, local or international experience)
  • Do not include the number of years
  • Alternative possible background can be indicated
• Consider the experience required in the following areas:
  • Risk and Regulatory
  • Business
  • Leadership
• MIFiD II Positions: Ensure the description outlines the need to possess the necessary knowledge, competence and at least 6 months of experience in a relevant role to meet relevant regulatory and legal requirements.
• 6 to 8 years in valuations or product control areas such as Risk/P&L
• Knowledge of the workings of OTC derivative products (Rates, Credit, Equity, FX, Commodities) and markets.
• Knowledge of pricing models.
• Experience with Bloomberg and Reuters in key markets data sets & using pricing functions.
• Strong experience with MS Excel financial functions and experience in writing macros.
• Experienced in VBA or an object oriented language like C, C++, Python etc  is a plus

Education/ Qualifications

• Define the minimum level and type of education required.  
• If applicable, indicate type of certificate, diploma or degree required
• MIFiD II Positions: Confirm position description contains appropriate Qualification Category. Ensure the description outlines the need to possess the necessary knowledge, competence and experience to meet relevant regulatory and legal requirements.
• Graduates (Maths/Stats/Econometrics) / Engineers / CA with MBA/CFA/FRM and good academic records with overall 6-8 years of relevant experience.

How we’ll support you

• 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.

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.