Job ID: 3186501 Full/Part-Time: Full-time
Regular/Temporary: Regular Listed: 2019-05-15
Location: Jacksonville, United States of America
The Risk division has a fundamental responsibility to protect the Bank. With group-wide responsibility for the management and control of credit, market, operational and reputational risks, we have a unique vantage point which allows us a holistic view of our businesses and our clients. Nearly 4,000 employees work together to achieve our ambition to be an industry-leading risk management organisation.
In an increasingly complex environment, risk management is fast-becoming the most sought after place to build a career within the banking world. Risk at Deutsche Bank is relied upon to help shape the strategy of the organisation and the wider industry agenda.
Job Title: Liquidity Risk Oversight
Corporate Title: Assistant Vice President
Location: Jacksonville, FL
About Deutsche Bank
We are Germany’s leading bank with strong positions in Europe and significant presence in the Americas and Asia Pacific. We’re driving growth through our strong client franchise, investing heavily in digital technologies, prioritizing long-term success over short-term gains, and serving society with ambition and integrity. We serve our clients’ real economic needs in commercial and investment banking, retail banking and transaction banking, and provide ground-breaking products and services in asset and wealth management. That means a career packed with opportunities to grow and the chance to shape the future of our clients.
Liquidity Risk Management (LRM) is a unit within the Bank’s Risk division responsible for oversight over methodology development, limit setting and model validation, in addition to responsibility for internal liquidity risk reporting of the Deutsche Bank Group.
LRM at Deutsche Bank is an infrastructure function, directly reporting to the Chief Risk Officer. LRM works closely with the Bank’s Treasury – Liquidity Management function in Group Finance, which steers business activities and executes mitigating measures to manage liquidity risk in the Bank.
LRM is represented on the Bank’s Risk Management Committee.
It is a diversified role with exposure to senior management and multiple business lines, including investment and commercial bank exposure.
The team is a small, highly skilled group with a flat and globally aligned hierarchy. As part of the Deutsche Bank Risk Division this team has access to the industry’s state-of-the-art risk management models.
You will form part of the team working on liquidity management oversight for Deutsche Bank’s legal entities in the Americas, which represents over $ 500 billion in assets.
Key responsibilities include:
Establish a formalized and proactive liquidity risk identification process to ensure LRM is well versed in internal and external factors impacting liquidity risk, thereby enabling LRM to serve as an effective challenge function to Treasury
Facilitate decision-making by performing trend analysis and reporting on emerging liquidity risks to appropriate governing bodies
Challenge liquidity risk models, including evaluating the reasonableness of inputs/assumptions and performing output analysis to test the functionality of the models
Propose modifications to liquidity risk limits, as triggered via calibration or on a discretionary basis
Evaluate the appropriateness of liquidity risk management practices deployed by Treasury; ensure compliance with internally established requirements and regulatory expectations
Oversee liquidity risk monitoring and analytics
Prepare and present reports and supplemental information for committees and regulatory requests
On an annual basis, as well as when material changes to conditions warrant, LRM reviews and challenges the appropriateness and operational feasibility of Deutsche Bank’s contingency funding plan for the Americas
Specialization within the financial services sector preferred, but not required
An understanding of bank assets and on and off balance sheet liabilities
Knowledge of the behavior of capital markets products
Ability and experience to coordinate with teams across different time zones and cultures
Excellent communication and presentation skills
Strong analytical and problem-solving skills and demonstrated ability to work independently
Ability to interface with business units and senior stakeholders in Treasury and across the Bank
The position requires an experienced and confident individual with management and leadership potential. You will be expected to have a detailed understanding of balance sheet analysis and capital markets
MBA preferred, but not required
CFA preferred, but not required
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