Counterparty Risk Hybrids Trader

Details of the Division and Team:

Deutsche Bank's GEM Counterparty Portfolio Management (GEMCPM) business underwrites all derivative counterparty risk for Emerging Market clients.

The role will also include driving long term projects dealing with the bank's senior management across risk functions and the business, especially focused on risk management of the portfolio along with underwriting and protecting business against new Counterparty Credit risk and at the same time increasing revenue, sustainably.

You will have responsibilities across the Rates/GEM/GFX portfolio globally covering corporate, banks, funds, hedge funds, and be a key member of the team managing counterparty risk appetite for the business. You will be involved in portfolio management of the existing portfolio and in specific deals providing structural solutioning and de-risking (as required)

What we will offer you:

A healthy, engaged and well-supported workforce is better equipped to do their best work and, more importantly, enjoy their lives inside and outside the workplace. That's why we are committed to providing an environment with your development and wellbeing at its center.

You can expect:

. Flexible benefits plan including virtual doctor consultation services

. Comprehensive leave benefits

. Gender Neutral Parental Leave

. Hybrid working arrangement

. 25 days of annual paid leave, plus public holiday

. A culture of continuous learning to aid progression

Your key responsibilities:

. In-depth understanding of CVA and FVA pricing and risks underwritten in FIC's derivative books by GEMCPM including the coverage SLA

. In-depth understanding of hedge products like IRS, rates swaptions, NDFs, FX options, commodity futures, CDS, bonds, credit index options to manage the portfolio risks

. Liaising with the legal team to recommend appropriate clauses in the ISDA/CSA documents

. Regular& ongoing portfolio monitoring of counterparty portfolio to determine any change in credit risk and accordingly recommend alteration in trading strategy in terms of reducing/exiting the credit position, de-risking strategies or building incremental positions into derivative books

. Combining fundamental and macro credit understanding with market view (yields, credit spreads) to determine the appetite & hold period for underlying credit. Participate in counterparty due-diligence calls and visits

. Engage with senior stakeholders across risk functions and business to drive long term projects

Your skills and experience:

. Minimum work experience of 3 years in trading/trading support, in a Tier 1 Investment Bank

. Bachelors or a postgraduate degree in advanced mathematics/physical sciences and excellent familiarity with derivatives and derivative risks

. Prior experience in CVA and FVA pricing and underwriting risks for FIC derivatives

. Good negotiation skills and ability to deal with senior stakeholders in risk functions and business

. Self-starter with ability to firmly communicate ideas and clear recommendations based on analysis

. Intellectually curious, and ready to work under pressure

. Team player attitude, flexibility, and excellent interpersonal skills

About us and our teams:

Deutsche Bank is the leading German bank with strong European roots and a global network. click here to see what we do.

Deutsche Bank & Diversity
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.