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Deutsche Bank is a leading global investment bank with a strong and profitable private clients franchise. A leader in Germany and Europe, the bank is continuously growing in North America, Asia and key emerging markets. With 75,140 employees in 75 countries, Deutsche Bank offers unparalleled financial services throughout the world. The bank competes to be the leading global provider of financial solutions for demanding clients creating exceptional value for its shareholders and people. www.db.com Legal, Risk and Capital: The Legal, Risk & Capital (LRC) division manages all aspects of these risks from the analysis of counterparty credit risk and the stress-testing of market movements to the protection of the Bank's infrastructure and information. LRC is recognized as a market leader in the risk management industry, reflected by the many awards won by the division in recent years. Credit Risk Management (CRM) is the independent credit approval and monitoring function for the whole of Deutsche Bank. CRM represents the Bank's centre of competence for all counterparty risk related matters. CRM has approximately 3,000 employees worldwide, located in 20 countries. The division uses its expert local knowledge from around the globe to maximize Deutsche Bank’s risk-adjusted rate of return. CRM provides structuring advice and credit approval on transactions, manages the credit exposure of Deutsche Bank’s derivative and foreign exchange portfolios, actively ensures the recovery of impaired loans and makes sure that the global risk and management reporting systems are timely and accurate Job Description: The Exposure Management Flow Desk (EMF) acts as a focal point for the front office in obtaining pre-deal trade approval from Credit Risk Management (CRM) covering hedge funds, financial institutions and corporate clients. The desk services several business areas, encompassing a wide range of trading products requiring a sound working knowledge of the systems used by CRM to monitor credit risk. This enables the desk to provide an invaluable service in assisting with queries from the Credit Officers and other areas of the bank. It would be ideal to have this product knowledge but is not essential to have knowledge of all products as some on-the-job training will be provided. Key Roles and Responsibilities: - Dealing with issues / queries arising from pre-deal trade approval process from both the front office and from within CRM.
- Understanding complex derivatives trades at a macro level to decide on appropriate action required for trade approval
- Day-to-day supervision and development of junior staff.
- Ensure that data quality is maintained for management reporting
- Liaise with Excess Management in the excess process. The knowledge acquired by the desk during the pre-deal approval process creates synergies that aid this process.
- Perform trend analysis of pre-deal approvals, in conjunction with the excess process, in order to propose limit recommendations to CRM.
- Ongoing analysis of processes in order to establish value additive tasks.
- Review of workflow and procedures to ensure optimum level of service.
- Active participation in project teams.
- Respond to ad-hoc requests from management, CRM and the front office.
Skills Required: - Good product knowledge including credit risk implications, documentation and operational processes, in some or all of the following trading products:
- OTC Fixed Income Derivatives (Swaps, FRA’s, Caps/Floors, Credit Derivatives)
- Foreign Exchange (Fwd/Swaps, Settlement, Options)
- Commodities
- OTC Equity Derivatives (Options, Swaps, CFD’s)
- Money Market (MM deposits, Traded assets, Repo)
- Stock Lending / Borrowing
- Excellent communication and interpersonal skills.
- Be able to build and develop strong relationships with areas outside of the desk, and within other areas of CRM.
- Ability to think clearly and act calmly when the team is placed under severe time pressure from the front office.
- Ability to prioritize flexibly throughout the day to ensure all deadlines are met.
- Confidence to approve/decline a trade in the absence of credit appetite.
- Must have a ‘can-do’ attitude and display the knowledge and approach which will garner respect from front office and senior management in CRM.
- Microsoft Excel and Access to an intermediate standard.
- General assuredness with IT applications.
http://www.db.com/careers/en/4437.html Please indicate how you heard of this opportunity in the How Sourced section. Deutsche Bank is an Equal Opportunity/Affirmative Action (M/F/D/V) employer.
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