Deutsche Bank - Director - Valuation Specialist

Job Title : Valuation Risk - Head

Corporate Title : Director

Division : MVRM - Valuation

Location : Mumbai

Overview:

- Valuation Risk is a specialist group within Market and Valuations Risk Management (MVRM) that ensures integrity and control over all aspects of the valuation of the Bank's trading portfolios. The Valuation Risk & Policy (VRP) team, a quantitative specialist arm, manages policies, frameworks, methods, and expert judgments in line with regulations and market best practices.

- The VRP teamcollaborates closely with other teams to formulate policies, frameworks, rulebooks, and models that drive the valuation process. The team also guides other Valuation Risk teams on expert approaches for significant and complex items, as well as optimization opportunities for Prudential Valuation Adjustments (Pruval) and fair value reserve charges.

Key Responsibilities:

- Define the people strategy for the VRP Mumbai team, including management, recruiting, retention, and implementation of measures to operate within relevant scorecard metrics.

- Oversee the development and enhancement of Independent Price Verification (IPV), Fair Value Adjustments (FVA), and Prudential Valuation Adjustments (Pruval) methodologies and frameworks for all asset classes.

- Provide technical support to the asset-aligned VR teams, including validation of Front Office developed methodologies.

- Ensure adherence to and support the maintenance of key governance documentation such as policies and frameworks.

- Attend and contribute to key internal governance forums, including the Valuation Control

Oversight Committee (VCOC), and external regulatory forums.

- Work with Front Office Strats functions and vendors to support the development and maintenance of valuation-related functionality (e.g., IPV, FVA, Pruval methodologies being productionized).

- Represent the Unit towards internal and external stakeholders, maintaining and fostering key relationships

Preferred candidate profile:

- Extensive experience working in a Finance or Risk Control function, preferably in an Investment Bank or a reputable financial services consultancy firm.

- Excellent technical understanding of complex structured products and the different models used for valuation.

- Understanding of complexities associated with market data and lack of liquidity, such as reliance on proxies.

- Excellent people management skills, including the ability to lead, train, and develop talent, as well as the ability to communicate, present, and influence senior stakeholders.

- Experience managing technical teams, exhibiting global leadership and influence.

- Effective communication skills, with the ability to translate complex quantitative problems into simple terms for a less quantitative audience.

- Ability to generate innovative ideas and challenge the status quo.

- Preferably a strong track record of delivering large, complex change projects/programmes in an Investment Banking environment.

- Proven experience in problem-solving, business and data analysis, and working to tight deadlines while achieving high-quality outputs