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About the Role
You will oversee the operation of Commodities Energy trading Valuation control and governance processes. You will also be involved in the setting up of the new business, Independent Price Verification and Prudent Valuation process performed by the global team.
Responsibilities
- Reviewing daily and monthly Independent Price Verification, Prudential Value, Fair Value Reserves and Levelling results
- Recommending for approval - New trades, Day1 revenue recognition decisions and running Quarterly Fair Value Levelling and Prudent Valuation processes and reporting
- Enhancing and developing optimal fair value and prudential valuation methodologies consistent with regulatory technical standards
- Defining modeling requirements for illiquid products, understanding model pricing limitations, assessing key valuation risks and uncertainties and dealing with them appropriately
- Developing productive relationships with the business, external stakeholders (Audit, Regulators, Data providers) and internal stakeholders (MRM) to ensure that Valuation Risk processes are appropriate and optimally designed to support the provision of services to our clients
- Working closely with colleagues across the bank including Front Office wider MVRM teams
- Facing off to senior traders, supporting the Valuation function in setting up of Energy business and overseeing implementation of all aspects of valuation control including reviewing and approving IPV, reserves, IFRS Levelling, PruVal etc.
- Engaging with stakeholders across Front Office, Risk and Finance
Requirements
- Knowledge of valuation aspects of Commodities Energy products
- Some understanding of accounting and prudent valuation requirements, best practice and market developments
- Commodities product knowledge
- Strong analytical and quantitative skills
- Ability to communicate clearly and effectively to team members, peers and senior stakeholders
Skills
- Valuation
- Risk Management
- Independent Price Verification
- Prudent Valuation
- Fair Value
- Commodities Energy products
- Accounting
- Analytical skills
- Quantitative skills
- Communication skills
Location
- London
Work Type
- Hybrid Working
Experience Level
- Vice President
Education Level
- ACA
- ACCA
- CFA
- FRM
- MSc in Finance
- Economics related degree
- Equivalent experience
Benefits
- Competitive salary
- Non-contributory pension
- 30 days holiday plus bank holidays
- Option to purchase additional days
- Life Assurance
- Private Healthcare
- Retail Discounts
- Bike4Work scheme
- Gym benefits
- Opportunity to support a wide ranging CSR programme
- 2 days volunteering leave per year
About the Company
- Deutsche Bank is the leading German bank with strong European roots and a global network.
- Deutsche Bank in the UK is proud to be named in The Times Top 50 Employers for Gender Equality and has been awarded a Gold Award from Stonewall and named in their Top 100 Employers.
- 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.
- For over 150 years, our dedication to being the Global Hausbank for our clients has been driven by our people – in around 60 countries and across more than 150 nationalities.
- Their deep understanding, insights, expertise, and passion help our clients navigate an increasingly complex world – be it in our Corporate Bank, our Private Bank, our Investment Bank or our Asset Management (DWS) division.
- Together we can make a great impact for our clients at home and abroad, securing their lasting success and financial security.
- More information at: Deutsche Bank Careers (db.com)
Equal Opportunity
- We value diversity and as an equal opportunities’ employer, we make reasonable adjustments for those with a disability such as the provision of assistive equipment if required (e.g. screen readers, assistive hearing devices, adapted keyboards)
- If you have a disability, health condition, or require any adjustments during the application process, we encourage you to contact our Adjustments Concierge on adjustmentsconcierge@db.com to discuss.