Deutsche Bank is hiring intern

About 
Name: Deutsche Bank
Head office: Frankfurt
Website: db.com
Founded: 1870
Founder: Ludwig Bamberger

Deutsche  Bank
Credits: Deutsche Bank

Job position: Intern
Location: Mumbai, India
Responsibilities
1. Performing the IPV (Independent Price Verification) processes on Bonds, CDS, and Loans. 
2. Analyzing and explaining the outputs, identify drivers for variance, and publish the results to a broader audience.
3. Performing completeness check and calculate reserve amounts on the portfolio.
4. Producing and performing quality checks for the testing process for the regional business.
5. Discussing price testing results, fair value, and reserves, and reporting on suitability for specific products/markets
6. Preparing MIS pack presentation and report the same to senior GVG Management, Front Office, Risk Management, and Finance.
7. Taking ownership of the process, thoroughly understand the underlying financial and mathematical concepts, and make change/improvements, in consultation with other stakeholders, if situation warrants.
8. Increasing the process efficiency by automating manual steps in the processes. Co-ordinate with the Change team to increase efficiency.
9. Developing strong relationships with Business Finance, risk management, and quantitative departments on valuation.
10. Significant involvement in ad-hoc projects/investigations and co-ordinate in the activities of the team.
11. Ensuring completion/adherence of activity as per standard procedure/key operating procedure.
12. Ensuring the quality/quantity of processing is maintained as per the SLA.
13. Escalating all issues in time, to the appropriate level, to avoid any adverse impact on the business.
14. Ensure proper back-ups are created and assist other teams during contingencies (Staff shortage, high volumes, etc). 
15. Creation / modify / update the supporting documentation like KOP/SOP etc.

Description:
1. The candidate will be responsible for running the IPV (Independent Price Verification) processes for vanilla & derivative products (price/risk-based testing & full revaluation). 
2. Apart from IPV, the candidate will also be responsible for completeness check, reserve calculation, VCR reporting, and publishing results. 
3. The role also needs contribution in supporting business processes like quality assurance, regulatory compliance, and other internal processes.


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