Asset and Liability Management (ALM) Specialist – Senior Lead for IRRBB Models

Job Description:

In Scope of Position based Promotions

Job Title: Asset and Liability Management (ALM) Specialist – Senior Lead for IRRBB Models

Corporate Title: Vice President

Location: Mumbai, India

Treasury

• Treasury at Deutsche Bank is responsible for the sourcing, management and optimization of Deutsche Bank’s financial resources and providing high quality steering to the business on financial resource deployment. This is underpinned by a best-in-class integrated and consistent Treasury risk framework, which enables Treasury to clearly identify the Bank’s resource demands, transparently set incentives by allocating resource costs to businesses and manage to evolving regulation.
• Treasury’s fiduciary mandate, which encompasses the Bank’s funding pools, asset and liability management (ALM) and liquidity reserves management, supports businesses in delivering on their strategic targets at global and local level. Further, Treasury manages the optimization of all financial resources through all lenses to implement the group’s strategic objective and maximize long term return on average tangible shareholders’ equity (RoTE).
• The current role is part of the Treasury Office in DBC Mumbai. The role requires interactions with all key hubs i.e. New York, London, Frankfurt and Singapore with emphasis on the European region.

Function Description

• The Asset & Liability Management (ALM) team inside of Treasury is responsible for modelling, measuring and managing Interest Rate Risks in the Banking Book (IRRBB) as well as other structural risks including Credit Spread Risk in the Banking Book (CSRBB). The movements in interest rates and the impact on the bank’s profit via Net Interest Income (NII) has made IRRBB a key focus topic for senior management and investors.

Role Description

• The candidate will report to the Head of Models within the Asset & Liability Management (ALM) function. The team oversees model development, model calibration, and monitoring of performance of the bank’s quantitative and behavioural models for interest rate and credit spread risks in the balance sheet. The results are used for risk management decisions and regular internal and external reporting. The team acts as an intermediary in Treasury itself and between the business units and other central functions like Market and Model Risk Management. This gives you a unique view into many exciting, complex and important risk management topics.
• This role will play an important part in ensuring the robustness, performance, and adaptability of ALM models to dynamic markets, client behaviours and evolving technology, with a prime focus on Non-Maturing Deposits, NMDs.

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

The core deliverables for the role are:

Deposit model ownership and intelligence:

• Own end-to-end Treasury process of NMD behavioural models across IRRBB metrics (EVE, NII)
• Lead model lifecycle management, including monitoring, review, recalibration triggers, and model enhancements
• Ensure model assumptions, limitations, and resulting risk outcomes are fully understood, clearly articulated, well documented, and defensible under regulatory, audit, and risk scrutiny
• Enable alignment of models with balance sheet strategy, behavioural customer trends, as well as actual and anticipated industry developments
• Drive enhancements in deposit data historization and behavioural analytics capabilities – leveraging automation and artificial intelligence

Deposit model calibration and hedging:

• Oversee deposit model calibration processes and ensure efficiency and consistency across portfolios
• Support rollout of new NMD models across portfolios and jurisdictions
• Engage in single deposit portfolio reviews to ensure specific behavioural assumptions remain relevant
• Translate model results into interest rate derivative hedging strategies

Your skills and experience

Your Skills

• Deeply rooted understanding of banks’ balance sheets, banking book products, interest rate curves, and financial market hedging instruments
• Strong analytical skills and problem-solving abilities with a tech-savvy mind set
• Ability to translate complex modelling outputs into clear business insights and required judgment challenge
• High governance and documentation discipline in a regulated environment
• Demonstrated ability to work independently
• Confident communicator with the ability to influence without authority across first line (Treasury, Business, Trading), second line (Market Risk, Model Risk, Treasury Risk), and third line (Audit)
• Strong written, verbal communication, and presentation skills
• Ability to work within tight deadlines across different teams and time zones

Your Experience

• Minimum 10 years of relevant experience in banking within one or more areas: Treasury, Asset & Liability Management (ALM) / IRRBB, Treasury Risk, Market Risk, Model Risk, Behavioural Modelling, Deposit Analytics
• Strong track record in stakeholder management across different departments and seniorities
• Data analytics and process automation experience
• People and talent management insights

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.html

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.