Asset Liability Management: Trading/Structuring Specialist

Position Overview

In Scope of Position based Promotions (INTERNAL only)

Job Title: Asset Liability Management: Trading/Structuring Specialist

Corporate Title:Associate

Location: Mumbai, India

Role Description

• The candidate will be part of the Asset & Liability Management (ALM) function within Treasury responsible for managing the interest rate risk in the banking book (IRRBB).
• The team develops, parameterizes, and implements quantitative models to measure the risk across a large and diverse portfolio. The results are used for risk management decisions and regular internal and external reporting.
• The team recommends and executes hedging and optimization strategies. The team acts as an intermediary in treasury itself and between the business units and other central functions like Market Risk Management.
• This gives you a unique view into many exciting, complex, and important risk management topics.

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 childcare assistance benefit (gender neutral)
• 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

Manage risk in the Banking Book typically arising from the impact of interest rate fluctuations on the bank's assets and liabilities.

Some of the key tasks and responsibilities of this VP role will be the following:

• Monitor and manage structural linear and non-linear risk in the banking book portfolios:
  • Understand, review, and investigate drivers of the risk (IR risk - duration, convexity, basis, prepayment / withdrawal optionality, FX risk, credit risk).
  • Develop a thorough understanding of the underlying products (assets and liabilities) driving the banking book risk (BB balance sheet size of c.a. EUR 800bn).
  • Develop and structure holistic hedging proposals/ risk management framework involving IR / FX swaps, options (floors, caps, swaptions).
  • Liaise with the 2nd line control function to get their approval to execute the strategy.
  • Ongoing optimization of the existing risk management strategies.
• Ongoing review, assessment, and execution of the strategies within given mandate and constraints:
  • Engage and instruct the Pool traders (market facing team) for hedge execution.
  • Steer the books within given mandates, limits, risk appetite framework, and other constraints and metrics (like regulatory and accounting framework).
  • Assess book risk parameters and market sensitivities enabling smooth steering and optimized execution.
• Collaborate with colleagues in and outside the team to drive enhancements to the risk management and execution across the regions and businesses.

Your skills and experience

• At least 7 years of relevant experience with Structuring, trading or risk management of fixed income products.
• Solid foundation of regulatory environment w.r.t IRRBB, other regulatory capital requirements and accounting framework is a plus.
• Experience working with senior members across various departments including Treasury, Risk, Product Control, Research, Finance, and Valuations.
• Strong analytical skills.
• Excellent interpersonal and communication skills
• University degree with a quantitative focus (Finance, Mathematics, Computer Science, Statistics).
• Proficiency in Python is a plus.

How we'll support you

• Training and development to help you excel in your career.
• 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:

We strive for a 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.