Alternatives Investment Risk Manager - Vice President Alternatives Investment Risk Manager - Vice  …

Deutsche Bank
in New York, NY
Permanent, Full time
Last application, 12 Jan 21
Deutsche Bank
in New York, NY
Permanent, Full time
Last application, 12 Jan 21
Alternatives Investment Risk Manager - Vice President
Position Overview

Job Title: Alternatives Investment Risk Manager

Corporate Title: Vice President
Location: New York, NY

Business Description

DWS Group (DWS) is one of the world's leading asset managers with EUR 759bn of assets under management (as of September 2020). Building on more than 60 years of experience and a reputation for excellence in Germany and across Europe, DWS has come to be recognized by clients globally as a trusted source for integrated investment solutions, stability and innovation across a full spectrum of investment disciplines.

We offer individuals and institutions access to our strong investment capabilities across all major asset classes and solutions aligned to growth trends. Our diverse expertise in Active, Passive and Alternatives asset management - as well as our deep environmental, social and governance focus - complement each other when creating targeted solutions for our clients. Our expertise and on-the-ground-knowledge of our economists, research analysts and investment professionals are brought together in one consistent global CIO View, which guides our strategic investment approach.

DWS wants to innovate and shape the future of investing: with staff from 35 nationalities, speaking more than 75 languages rooted in 22 countries, we are local while being one global team.


As the Investment Risk Manager for Alternatives you will focus on the assessment, control, and governance of investment risks taken within illiquid alternative funds and separately managed accounts. In your role you will oversee market, counterparty, credit, and liquidity risks as well as performance analytics. You will be instrumental in advancing the risk management framework while supporting growth initiatives within a focus region for the Firm.

What We Offer You:

  • We offer competitive health and wellness benefits, empowering you to value life in and out of the office

  • Retirement Savings Plans, Parental Leave, and other family-friendly programs

  • An environment that encourages networking and collaboration across functions and businesses

  • Active engagement with the local community through DWS's specialized employee groups

Your Key Responsibilities:

  • Conduct risk & valuation analysis on a range of underlying assets within a set of portfolios for varying funds / mandates with focus on illiquid alternative products (in particular private debt products and real estate)

  • Design and development of appropriate risk analysis across the fiduciary platform and tailored analysis for individual business mandates

  • Production and analysis of Risk Indicators and Reports for alternative investments

  • Periodic review and validation of models, policies, and procedures used to for the risk management of illiquid alternative assets

  • Contribute to special projects / task forces / working groups relating to the Risk Framework or other identified risk issues

  • Contribute to the continuous enhancement of risk and valuation control toolset and management reporting and keep abreast of changes in relevant local laws and regulations and assess their implications

Your Skills and Experience:

  • Experience in the financial industry, with focus on market, credit, counterparty, and liquidity risk

  • Strong fundamental understanding of the asset management business with focus of illiquid alternative products (ideally some background in project and/or corporate finance)

  • Technical knowledge of financial markets, products, and processes as well as related valuation and risk models (e.g. DCF, Multiple Approach, VaR, stress testing)

  • Subject matter expertise and understanding of key risk and valuation drivers for a variety of illiquid alternative assets (including debt (senior, mezzanine, CLO's), real estate, private equity)

  • Strong working knowledge of MS Word, Excel, PowerPoint, and ideally Aladdin. Minimum relevant undergraduate degree or equivalent; an advanced degree is a plus

Our values define the working environment we strive to create - diverse, supportive and welcoming of different views. We embrace a culture reflecting a variety of perspectives, insights and backgrounds to drive innovation. We build talented and diverse teams to drive business results and encourage our people to develop to their full potential. Talk to us about flexible work arrangements and other initiatives we offer.
We promote good working relationships and encourage high standards of conduct and work performance. We welcome applications from talented people from all cultures, countries, races, genders, sexual orientations, disabilities, beliefs and generations and are committed to providing a working environment free from harassment, discrimination and retaliation.

Click here to find out more about diversity and inclusion.

We are an Equal Opportunity Employer - Veterans/Disabled and other protected categories. Click these links to view the following notices: \"EEO is the Law poster\" and supplement ; Employee Rights and Responsibilities under the Family and Medical Leave Act; Employee Polygraph Protection Act and Pay Transparency Nondiscrimination Provision.

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