In Scope of Position based Promotions (INTERNAL only)

Job Title: Product Tagging Validation Specialist

Corporate Title: AVP

Location: Mumbai, India

Role Description

• This role in Product Tagging Validation team is responsible for validating the product name assigned to trades across all asset classes globally. The product name is used to determine model appropriateness and classify trades for various reporting processes (such as Regulatory Reporting, trader mandates, etc.).
• As part of Valuations Control (IPV) team this role ensures DB approved valuation models are used for pricing/risk generation for a particular product. This role interacts regularly with the Front Office (Strats and Trading), Global Model Validation Group, Pricing Analytics, Group Audit and Global Technology.
• In addition to tag validation, the team is also responsible for calculating FV Reserves due to Model limitation/deficiency and provide transparency on IFRS lvelling. This team also assists the Front Office with the remediation of tagging exceptions.
• The ultimate goal is to establish an efficient, accurate, up-front control over the tagging of trades such that error detection and subsequent remediation are not required. Therefore, there is a substantial amount of project work in addition to a business as usual process.

What we’ll offer you

As part of our flexible scheme, here are just some of the benefits that you’ll enjoy,

• Best in class leave policy.
• Gender neutral parental leaves
• 100% reimbursement under childcare assistance benefit (gender neutral)
• Sponsorship for Industry relevant certifications and education
• Employee Assistance Program for you and your family members
• Comprehensive Hospitalization Insurance for you and your dependents
• Accident and Term life Insurance
• Complementary Health screening for 35 yrs. and above

Your key responsibilities

As a product specialist you will be responsible for:

• Analysing products and trade booking to determine the logic required to automatically determine the product type and features.
• Ensure dbapproved product-model combinations used, identify exceptions and work with stakeholders towards remediation.
• Engage with IPV business aligned teams to provide them visibility on exceptions and calculate model limitation/deficiency reserves and/or appropriate IFRS levellings.
• Enhancing the BAU process by improving validation efficiency and accuracy and ultimately converting it from a monthly into a daily process.
• Working with developers to implement validation logic to ensure it is consistently applied and sufficiently documented.
• Working with Trading and Strats to remediate product tagging and definition issues to improve the Model Risk Control environment.
• Managing operational risk by ensuring processes are documented and staff are cross-trained.
• Developing your technical expertise to ensure you have the knowledge to face-off against technical experts in divisions outside of Business Finance.
• Producing presentations and communicating progress to Auditors and Regulators.

Your skills and experience

• Previous experience working with banking products and understanding how they’re booked
• Experience in dealing with Front Office business leaders
• Pricing and modeling of derivative products
• Knowledge of front-to-back architecture of Investment Banks
• Programming experience in SQL, C++, Python an advantage 

Education/ Qualifications/Character

• Degree – 2.1 or above (or equivalent)
• ACA, CIMA, CFA, Relevant Masters Degree
• Strong derivatives product knowledge
• Control focused, deadline orientated, team player with high attention to detail

People ManagementThe behaviours provided below should be adopted by all Deutsche Bank employees in relation to their development and management of others.

• Supports the development of an environment where people management and development is the number one priority. Coaches direct reports and others in the organisation, as appropriate
• Actively supports the business strategy, plans and values, contributing to the achievement of a high performance culture
• Takes ownership for own career management, seeking opportunities for continuous development of personal capability and improved performance contribution
• Acts as a role model for new employees, providing help and support to facilitate early integration and assimilation of their new environment
• Supports tough people decisions to ensure people performance is aligned with organisation imperatives and needs. Addresses individual performance issues, where necessary, to drive for high performance

How we’ll support you

• Training and development to help you excel in your career.
• Coaching and support from experts in your team.
• A culture of continuous learning to aid progression.
• A range of flexible benefits that you can tailor to suit your needs.

About us and our teams

Please visit our company website for further information:

https://www.db.com/company/company.htm

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.