Job Description:
Job Title:
Algorithmic Trading Risk Management Specialist
Location:
London
Corporate Title
: Assistant Vice President
The Chief Risk Office function has Group-wide responsibility for the management and control of all credit, market, operational, enterprise and liquidity risks and has the responsibility of continual development of methods for risk measurement, frameworks and creating a bank wide strong risk culture. Deutsche Bank has been named Bank Risk Manager of the Year by the leading publication risk.net for the second consecutive year (2020 & 2021).
NFRM is a department within the Risk Division. As a second line of defense function, NFRM is responsible for oversight across all aspects of non-financial risk (NFR), including risk identification and assessment, control framework, risk appetite and scenario analysis.
The purpose of the Non-Financial Risk Management (NFRM) function is to ensure that the banks Non-Financial Risk exposure is adequately managed in-line with the group wide risk appetite and NFRM framework. To achieve this the NFRM function requires:
- Risk Managers with the right balance of experience, seniority and tools to assess complex risks and intervene where they lie outside the bank's risk appetite.
- A comprehensive, integrated, simple and easy to use NFR Framework with supporting technology that assists risk identification, assessment and remediation.
- Strong understanding of the businesses combined with regular engagement which would allow NFRM to provide support, review and challenge in line with the 3 Lines of Defence Model.
- Close coordination with all Second Line Risk Type Controllers to facilitate the production of a holistic view of NFR.
- Proper consideration of emerging risks, rather than just current issues.
- Effective governance combined with supporting MI that facilitates decision-making.
NFRM is a matrix organisation with business / region and functional specialist axes.
In this role you will be responsible for supporting specialist analysis and risk management oversight of Algorithmic Trading.
What we'll offer you
A healthy, engaged and well-supported workforce are better equipped to do their best work and, more importantly, enjoy their lives inside and outside the workplace. That's why we are committed to providing an environment with your development and wellbeing at its centre.
You can expect:
- Hybrid Working - we understand that employee expectations and preferences are changing. We have implemented a Hybrid Working Model that enables eligible employees to work remotely for a part of their working time and reach a working pattern that works for them
- Competitive salary and non-contributory pension
- 30 days' holiday plus bank holidays, with the option to purchase additional days
- Life Assurance and Private Healthcare for you and your family
- A range of flexible benefits including Retail Discounts, a Bike4Work scheme and Gym benefits
- The opportunity to support a wide ranging CSR programme + 2 days' volunteering leave per year
Your key responsibilities
- Contribute to reporting on the risk profile and risk appetite at Group, Division, Regional, Country & Legal Entity level; prepare material for Business Partner meetings and other governance fora.
- Support analysis of algorithmic risk levels and work with Divisions, Group Procurement on any follow-ups
- Perform specialist oversight, review and challenge for first line interactions with regulators.
- Represent NFRM at applicable committees.
- Support monitoring and identify strengths and weakness of 1LoD controls by performing structured controls testing against design and operating effectiveness
- Identify and assess risks associated with control weaknesses, including business impact
- Build relationships across teams involved in algorithmic risk trading
- Support Thematic reviews, Lessons Learned, Read Across and Deep Dive activities
- Contribute to Regulatory Responses and information requests
Your skills and experience
- Good understanding of algorithmic trading and the associate risks
- Understanding of Non-Financial Risk Management principles and practices with relevant experience gained in first line risk & control role, second line risk function or Audit.
- Proficient in MS Excel, Tableau and or other reporting / visualization tools
- Analytical thinking, relationship builder, attention to detail
- Demonstrable experience of developing strong working relationships
- Worked within a high pressure dynamic environment.
How we'll support you
- Flexible working to assist you balance your personal priorities
- Coaching and support from experts in your team
- A culture of continuous learning to aid progression
- 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)
About us
Deutsche Bank is the leading German bank with strong European roots and a global network. Click here to see what we do.
Deutsche Bank in the UK is proud to have been named a Times Top 50 Employer for Gender Equality for three consecutive years. Additionally, we have been awarded a Silver Award from Stonewall for two years running and named in their Top 100 Employers for 2023 for our work supporting LGBTQ+ inclusion.
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.