A/SA IPV(Global valuation group) recruitment

The team oversees valuation control across Corporate and Investment Banking (CIB). The Independent Price Verification (IPV) group substantiates the valuation of trading assets and liabilities on the balance sheet of the bank.  This function requires specialized knowledge on different financial products such as bonds, options, credit derivatives, interest rate derivatives etc.  Furthermore, it requires strong quantitative skills which need to be used in conjunction with knowledge of models, markets and specific products to come up with opinions on the valuation of such assets. It also requires extensive communication with onshore trading desks and other finance groups.

GVG is currently located across centers in New York, London and to a small extent Singapore.  Mumbai is in a build out phase and will become the main GVG center in due course of time. The group is currently split into four asset classes: Rates/FX/Commodities, Global Credit , Global Equities and Reporting Analytics. The Global Valuation Group takes only the most qualified and exceptional candidates looking for a challenging career, which will propel the individuals' professional progression making them one of the most hirable candidates in the market.

The GVG group in Deutsche is one of the first such groups in Mumbai and there are very few if any multinational banks that have done the same thing of now.  Hence, it is our challenge to find bright, inquisitive, analytical minds who want to potentially build a career in valuations.  We are also looking for people who are quick learners and who have a true passion for the valuation space. 

Analyst / Senior Analyst

Business Coverage : Global Credit, Rates, Equities, GFFX, Commodities or EM

Product Coverage : Credit Flow , Structured Products and Correlation, Equities :Cash and Derivatives, Rates-Treasuries, Munis and RMBS’s

Responsibilities:

• Performing Daily Independent Price Verification on vanilla /exotic  trading books  , investigate drivers for variance , perform due diligence for reliability of price date from multiple sources such as Bloomberg, Markit, Lombard, Reuters and CME and other vendors/industry bodies

• Supervising and reviewing the monthly price testing processes for the regional businesses  that are supported

• Be able to justify adjustments to fair value such for Delta and other Greeks, large position adjustments, model and complexity, portfolio complexity etc.

• Basis the IPV process and investigations develop reserving amounts and justify the same.

• Investigation of pricing / model uncertainty in methodology and parameters used

• Developing strong relationships with product control, risk management and quantitative departments on valuation and modeling issues

• Discussing price testing results, fair value and model reserves, general modeling issues / uncertainties with front office and reporting on suitability for specific products / markets

• Reporting and MIS pack presentation for senior GVG management, ,  Front Office, Risk Management and Finance

• Use DBAnalytics pricing platform to perform checks and simulations on IPV prices  as a part of the IPV process.

• Significant involvement in ad hoc projects / investigations

Requirement:Graduates (as Science (e.g. physics), Engineering, Mathematics, BCom ) / MBA Finance with 1-2 yrs for Analyst and 2-4yrs for Senior Analyst with relevant experience in the valuations space, product control, custody, fund administration, or other operation experience

Experience with Bloomberg and Reuters in key markets data sets is desirable

Excellent Communication Skills (Verbal and Written)

Proficient in MS Excel financial functions

Willing to Work in APAC/UK Shift.

Keen on working in Mumbai (Logitech Park)