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- Tasks: Monitor trade bookings, support end-of-day processes, and investigate operational issues.
- Company: Join Deutsche Bank, a leading global bank with a commitment to diversity and inclusion.
- Benefits: Enjoy hybrid working, 30 days holiday, private healthcare, and flexible perks.
- Why this job: Be part of a dynamic team on the trading floor, driving efficiency and innovation.
- Qualifications: Degree in Finance or related field; experience in Middle Office or Risk roles preferred.
- Other info: Opportunities for training, development, and volunteering leave available.
The predicted salary is between 36000 - 60000 £ per year.
Kannon Risk and Profit & Loss (RPL) Specialist
Kannon Risk and Profit & Loss (RPL) Specialist
Kannon Risk and Profit & Loss (RPL) Specialist
Job Description:
Job Title Kannon Risk and Profit & Loss (RPL) Specialist
Location London
Corporate Title Associate
The Kannon Middle Office (KMO) team works in partnership with Trading, Global Strategic Analytics (GSA), Finance and Operations to facilitate the delivery of accurate and complete trader Risk and Profit & Loss (RPL) on the Bank\’s strategic valuation platform for the Fixed Income & Currencies (FIC) business.
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, but not limited to, Derivatives, Over-the-Counter (OTC), Exchange-Traded, and Cash instruments.
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
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 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 (IR) Swaps, Index and Single Name credit default swaps (CDS), Bonds, Futures. Assist with the substantiation of P&L variance
Your skills and experience
- Logical thinker with strong problem-solving and analytical skills. Educated to degree level or equivalent qualification/work experience in Finance, Mathematics, Economics, or related field. A relevant professional qualification (Chartered Financial Analyst/Associate Chartered Accountant (CFA/ACA) or master\’s degree is preferred
- Experience in a Middle Office, Product Control, or Risk and P&L role within an investment bank or financial institution
- Good product knowledge across Fixed Income and Credit derivatives
- Ability to build & maintain strong relationships with stakeholders. Strong communication skills, ability to engage with Trading and Infrastructure stakeholders
- Ability to work under pressure and to tight deadlines in a fast-paced trading environment. Proactive, team-oriented attitude with strong attention to detail
- Python for automation is an advantage
How we\’ll support you
- Training and development to help you excel in your career
- 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 (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 The Times Top 50 Employers for Gender Equality 2025 for six 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.
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Kannon Risk and Profit & Loss (RPL) Specialist | London, UK 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 | London, UK
✨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 will not only help you in 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 insights into the day-to-day responsibilities and challenges, which can be invaluable during your application process.
✨Tip Number 3
Brush up on your analytical and problem-solving skills, as these are crucial for the role. Consider taking online courses or workshops that focus on financial analysis or risk management to enhance your expertise.
✨Tip Number 4
Prepare to discuss your experience with automation tools, particularly Python, as this is highlighted as an advantage. Being able to articulate how you've used technology to improve processes can set you apart from other candidates.
We think you need these skills to ace Kannon Risk and Profit & Loss (RPL) Specialist | London, UK
Some tips for your application 🫡
Understand the Role: Before applying, make sure to thoroughly read the job description for the Kannon Risk and Profit & Loss (RPL) Specialist position. Understand the key responsibilities and required skills, as this will help you tailor your application.
Tailor Your CV: Customise your CV to highlight relevant experience in finance, risk management, or product control. Emphasise any specific knowledge of Fixed Income and Credit derivatives, as well as your problem-solving and analytical skills.
Craft a Compelling Cover Letter: Write a cover letter that connects your background to the role. Mention your understanding of the trading environment and how your skills can contribute to the team’s success. Be sure to express your enthusiasm for the opportunity.
Proofread Your Application: Before submitting, carefully proofread your CV and cover letter for any spelling or grammatical errors. A polished application reflects attention to detail, which is crucial for the role.
How to prepare for a job interview at Deutsche Bank
✨Understand the Role
Make sure you have a solid grasp of what a Kannon Risk and Profit & Loss Specialist does. Familiarise yourself with key responsibilities like monitoring trade bookings and liaising with trading teams. This will help you answer questions confidently and show your genuine interest in the position.
✨Showcase Your Analytical Skills
Since the role requires strong problem-solving and analytical skills, be prepared to discuss specific examples from your past experiences where you've successfully tackled complex issues. Highlight any relevant projects or situations that demonstrate your logical thinking.
✨Know Your Products
Brush up on your knowledge of Fixed Income and Credit derivatives, especially Interest Rate Swaps and Credit Default Swaps. Being able to discuss these products intelligently will impress your interviewers and show that you're ready to hit the ground running.
✨Prepare for Scenario Questions
Expect scenario-based questions that assess how you would handle real-life situations in a fast-paced trading environment. Think about how you would approach discrepancies in trade bookings or operational inefficiencies, and be ready to articulate your thought process clearly.
