ALM Management Specialist, Deutsche Bank

Analyst

$48-68.8k

Salary based on applicants in Jacksonville, FL only, may vary for other locations

SQL

Python

Excel

Mid and Senior level

New York

Office located in Columbus Circle, NY

Investment bank and financial services company

Job no longer available

Investment bank and financial services company

1001+ employees

B2CB2BInvestingTradingFinancial Services

Job no longer available

$48-68.8k

Salary based on applicants in Jacksonville, FL only, may vary for other locations

SQL

Python

Excel

Mid and Senior level

New York

Office located in Columbus Circle, NY

1001+ employees

B2CB2BInvestingTradingFinancial Services

Company mission

To be the leading global provider of financial solutions for demanding clients, creating exceptional value for its shareholders and people.

Job

Company

Role

Who you are

Bachelor’s degree in Finance, Economics, Mathematics, or a related field; Master’s or CFA/FRM designation is a plus
3–7 years of experience in ALM, Treasury, Risk Management, or related functions within a financial institution
Partner with business functions outside of Treasury to ensure ALM support to strategic initiatives and to keep ALM informed on activities affecting the banking book
Stay current on regulatory developments, market trends, and best practices in ALM / IRRBB

Desirable

Strong understanding of IRRBB concepts, including EVE, NII, and their sensitivities
Experience with ALM systems (e.g., QRM) and data analysis tools (e.g., Excel, SQL, Python)
Familiarity with regulatory frameworks and local US regulatory guidance
Excellent analytical, communication, and stakeholder management skills

What the job involves

You will drive the organization forward through active risk management, by developing subject matter expertise on industry topics and a deep knowledge of markets, exhibiting a high degree of professionalism to partner with many areas of the Bank
You will be responsible for measuring, analyzing and reporting interest rate risk in the banking book
As part of this mandate – you will also manage interest rate risk by using derivatives and develop risk mitigation strategies that benefit the Bank commercially (P&L) and meet the rigorous standards/limits set forth by our partners in risk functions
Monitor, measure, and report Interest Rate Risk in the Banking Book (IRRBB) using models governed under regulatory frameworks
Support the ALM function in performing scenario analysis, stress testing, and sensitivity analysis related to interest rate movements
Mitigate interest risk by executing ALM hedging programs, provide risk management support including risk analysis and reporting, propose and seek approval for new hedging strategies
Assist in the preparation of ALCO materials and regulatory submissions
Provide subject matter expertise on the modeling of banking book positions such as non-maturity deposits, mortgage loans, and other banking book positions
Develop and enhance the framework for risk monitoring and reporting
Ensure model monitoring and maintenance is executed while aligned to model risk protocols

Our take

Despite its roots in the nineteenth century, Deutsche Bank has seen strategic transformation at countless stages to remain competitive. For example, it recently launched Vert, a new digital payments company for SMEs, in collaboration with Fiserv. As a result, the company successfully filled the gap in the market for a user-friendly, all in one solution which would enable merchants to accept payments and manage money.

The company continues to benefit from its scale and reputation. Despite ongoing criticisms, its strong European ties and a global network means Deutsche Bank is well placed to help clients navigate through geopolitical and macroeconomic shifts, something that can’t be said so confidently of its competitors. Today, it operates in circa 60 countries.

Moving forwards, the company is focused on aligning more closely to environmental, social and governance (ESG) criteria to facilitate over €500B in sustainable finance and investments between 2020 and 2025.