At a Glance
- Tasks: Oversee valuation control for Commodities Energy trading and enhance valuation methodologies.
- Company: Deutsche Bank, a leading global bank with a strong commitment to diversity and inclusion.
- Benefits: Hybrid working, competitive salary, 30 days holiday, private healthcare, and flexible benefits.
- Other info: Continuous learning culture with excellent career progression opportunities.
- Why this job: Join a dynamic team and make an impact in the fast-paced world of energy trading.
- Qualifications: Knowledge of Commodities Energy products and relevant accounting or risk management qualifications.
The predicted salary is between 80000 - 100000 £ per year.
The Chief Risk Office has group‑wide responsibility for the management and control of all credit, market, operational, enterprise and liquidity risks and for the continual development of methods for risk measurement, frameworks and a strong risk culture across the bank.
You will join the MVRM - Valuation Control (VC) Team, a centralised function of valuation and risk professionals within the Chief Risk Office (CRO) responsible for the independent valuation of fair value/trading positions for Deutsche Bank. VC acts as an internal advisor on valuation issues and operates as a centre of excellence for valuation, reserving, day‑1 recognition and prudent valuation.
Your role will be to oversee the operation of Commodities Energy trading valuation control and governance processes, and to be involved in setting up the new business, Independent Price Verification and Prudent Valuation process performed by the global team.
What we'll offer you
- Hybrid Working – you can work remotely part of your working time
- 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
- Opportunity to support a wide ranging CSR programme + 2 days' volunteering leave per year
Your key responsibilities
- Review daily and monthly Independent Price Verification, Prudential Value, Fair Value Reserves and Levelling results
- Recommend approvals for new trades, day‑1 revenue recognition decisions and run quarterly Fair Value Levelling and Prudent Valuation processes and reporting
- Enhance and develop optimal fair value and prudential valuation methodologies consistent with regulatory technical standards
- Define modelling requirements for illiquid products, understand model pricing limitations, assess key valuation risks and uncertainties and manage them appropriately
- Develop productive relationships with business and external stakeholders (Audit, Regulators, Data providers) and internal stakeholders (MRM) to ensure valuation risk processes are appropriate and optimally designed
- Work closely with colleagues across the bank, including front‑office wider MVRM teams, senior traders and support the Valuation function in setting up the Energy business and overseeing implementation of all aspects of valuation control, including reviewing and approving IPV, reserves, IFRS Levelling, PruVal, etc., and engaging with stakeholders across Front Office, Risk and Finance
Your skills and experience
- Knowledge of valuation aspects of Commodities Energy products
- Understanding of accounting and prudent valuation requirements, best practice and market developments
- Accounting or Risk Management qualification: ACA, ACCA, CFA, FRM and/or MSc in Finance or an Economics‑related degree or equivalent experience
- Commodities product knowledge
- Strong analytical and quantitative skills
- Ability to communicate clearly and effectively to team members, peers and senior stakeholders
How we'll support you
A culture of continuous learning to aid progression. Equal‑opportunity employer: we provide reasonable adjustments for those with a disability, such as assistive equipment (screen readers, 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 be named in The Times Top 50 Employers for Gender Equality, has been awarded a Gold Award from Stonewall and is listed in their Top 100 Employers. We welcome applications from all people and promote a positive, fair and inclusive work environment. If you have a disability, health condition or require adjustments during the application process, contact our Adjustments Concierge at adjustmentsconcierge@db.com.
StudySmarter Expert Advice🤫
We think this is how you could land Market & Valuation Risk Management - Valuation Control: Commodities- Energy trading Valuation Risk M
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We think you need these skills to ace Market & Valuation Risk Management - Valuation Control: Commodities- Energy trading Valuation Risk M
Some tips for your application 🫡
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Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to Deutsche Bank.
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Research and Reflect:Before hitting that 'apply' button on Deutsche Bank's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at Deutsche Bank
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with Deutsche Bank.
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✨Network with Industry Professionals
Before your interview, reach out to current or former Deutsche Bank employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
