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For Companies At a Glance
- Tasks: Monitor trade bookings, support end-of-day processes, and investigate operational issues.
- Company: Join Deutsche Bank, a leading global bank with a strong commitment to diversity and inclusion.
- Benefits: Enjoy hybrid working, competitive salary, 30 days holiday, and flexible perks like gym benefits.
- Why this job: Be part of a dynamic team on the trading floor, solving real-time challenges in finance.
- Qualifications: Degree in Finance or related field; experience in Middle Office or Risk roles preferred.
- Other info: Opportunities for coaching, volunteering, and a supportive work environment.
The predicted salary is between 36000 - 60000 £ per year.
Join to apply for the Kannon Risk and Profit & Loss (RPL) Specialist role at Deutsche Bank.
Position Overview
- Location: London
- Corporate Title: Assistant Vice President
The Kannon Middle Office (KMO) team partners closely with Trading, Global Strategic Analytics (GSA), Finance, and Operations to facilitate the delivery of accurate and complete trader Risk and PL (RPL) on the Bank’s strategic valuation platform. We directly support the Fixed Income & Currencies (FIC) business, ensuring that technical and operational issues impacting intraday trade bookings, and end-of-day risk tie-outs are quickly substantiated and resolved. The team supports multiple Front Office desks, overseeing intraday trade monitoring and end-of-day orchestration. Members are responsible for investigating the root causes of issues and inefficiencies and for delivering immediate solutions where possible. Coverage spans Rates, Credit, and Emerging Markets businesses, with product types including Derivatives, Over-the-Counter (OTC), Exchange-Traded, and Cash instruments. You will have a strong working knowledge of these products and good understanding of how they are priced.
You will work directly with trading and operations sitting on the trading floor to ensure trade bookings are complete and correct intraday, proactively monitor for discrepancies, orchestrate the end-of-day close, and assist in the substantiation of position risk tie-out.
What We’ll Offer You
- Hybrid Working - we understand that employee expectations and preferences are changing. We have implemented a 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
- Monitor intraday trade bookings to ensure completeness and accuracy in Front Office systems.
- Support the end-of-day close process, investigating booking issues as needed.
- Liaise directly with Trading, GSA, and Infrastructure teams to escalate and remediate breaks.
- Investigate root causes of operational issues and inefficiencies, proposing immediate solutions where possible.
- Contribute to improving trade processing workflows, with a focus on control and automation.
- Maintain a strong understanding of key product types (Interest Rate Swaps, Index and Single Name credit default swaps (CDS), Bonds, Futures).
- Assist with the substantiation of PL variance.
Your Skills And Experience
- Educated to degree level or equivalent qualification/work in Finance, Mathematics, Economics, or related field.
- A relevant professional qualification (Chartered Financial Analyst/Associate Chartered Accountant (CFA/ACA) preferred.
- Previous experience in a Middle Office, Product Control, or Risk and PL role within an investment bank or financial institution.
- Good product knowledge across Fixed Income and Credit derivatives.
- Strong communication skills, with ability to engage confidently with Trading and Infrastructure stakeholders.
- Logical thinker with strong problem-solving and analytical skills.
- Python for automation is an advantage.
How We’ll Support You
- Coaching and support from experts in your team.
- A range of flexible benefits that you can tailor to suit your needs.
- 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 (for example, screen readers, assistive hearing devices, adapted keyboards).
About Us
Deutsche Bank is the leading German bank with strong European roots and a global network. Deutsche Bank in the UK is proud to have been named in The Times Top 50 Employers for Gender Equality 2024 for five consecutive years. Additionally, we have been awarded a Gold Award from Stonewall and named in their Top 100 Employers 2024 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.
Kannon Risk and Profit & Loss (RPL) Specialist employer: Deutsche Bank
Contact Detail:
Deutsche Bank Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Kannon Risk and Profit & Loss (RPL) Specialist
✨Tip Number 1
Familiarise yourself with the specific products mentioned in the job description, such as Interest Rate Swaps and Credit Default Swaps. Understanding these products will not only help you during interviews but also demonstrate your genuine interest in the role.
✨Tip Number 2
Network with professionals already working in the Middle Office or Risk and P&L roles. Engaging with them on platforms like LinkedIn can provide you with insider knowledge about the role and the company culture at Deutsche Bank.
✨Tip Number 3
Brush up on your problem-solving and analytical skills, as these are crucial for investigating operational issues. Consider practising case studies or scenarios that require logical thinking to prepare for potential interview questions.
✨Tip Number 4
If you have experience with Python for automation, be ready to discuss it in detail. Highlight any projects or tasks where you've used Python to improve processes, as this could set you apart from other candidates.
We think you need these skills to ace Kannon Risk and Profit & Loss (RPL) Specialist
Some tips for your application 🫡
Understand the Role: Before applying, make sure you thoroughly understand the responsibilities and requirements of the Kannon Risk and Profit & Loss (RPL) Specialist position. Tailor your application to highlight relevant experience in risk management, trade monitoring, and financial products.
Highlight Relevant Experience: In your CV and cover letter, emphasise any previous roles in Middle Office, Product Control, or Risk and P&L functions. Use specific examples to demonstrate your knowledge of Fixed Income and Credit derivatives, as well as your problem-solving skills.
Showcase Your Skills: Make sure to mention any technical skills that are relevant to the role, such as proficiency in Python for automation. Highlight your analytical abilities and logical thinking, which are crucial for investigating operational issues.
Craft a Strong Cover Letter: Your cover letter should not only express your interest in the role but also explain why you are a good fit for Deutsche Bank. Discuss how your values align with their commitment to diversity and inclusion, and mention your enthusiasm for contributing to their team.
How to prepare for a job interview at Deutsche Bank
✨Know Your Products
Make sure you have a strong understanding of the key product types mentioned in the job description, such as Interest Rate Swaps and Credit Default Swaps. Being able to discuss how these products are priced and their implications on risk and profit will impress your interviewers.
✨Demonstrate Problem-Solving Skills
Prepare examples from your past experience where you've successfully identified and resolved operational issues. Highlight your logical thinking and analytical skills, as these are crucial for the role.
✨Engage with Stakeholders
Show that you can communicate effectively with various teams, including Trading and Infrastructure. Be ready to discuss how you would approach liaising with these stakeholders to resolve discrepancies or booking issues.
✨Familiarise Yourself with Automation Tools
If you have experience with Python or other automation tools, be sure to mention it. Discuss how you could leverage these skills to improve trade processing workflows and enhance efficiency within the team.
