Treasury Pool Manager

**Treasury**

Under the leadership of the Treasurer, Treasury is responsible for managing the financial resources of the firm through capital management, liquidity management, asset and liability management, interest rate risk management, funding, and other core treasury activities. Treasury resides within the Group Finance organization led by the Chief Financial Officer.

Key responsibilities for Treasury are to make sure that there is enough liquidity in the bank at any given point in time, that there is capital available when needed and that funds can be raised as and when necessary, all at a reasonable cost whilst balancing the needs of business growth and regulatory demands. Treasury's role extends to business steering through the effective transfer pricing of these liquidity and capital resources to the businesses.

The key stakeholders for the role will be country management, front office business heads and business managers, infrastructure partners and our banking regulators. The position requires an experienced and confident individual with the ability to explain complex concepts clearly and develop working relationships across the bank.

**TMI Pool**

Treasury Markets & Investments (TMI) is function within Group Treasury focussing on ensuring liquidity and executing the funding of Deutsche Bank, proactively managing the market risks of banking book activities and effectively investing Deutsche Bank’s liquidity buffer. Pool is a function within TMI and has one Global Head reporting to the Global head of Treasury Markets & Investments.

The Pool’s mandate is to manage the Bank‘s cash & funding and market risks of the Bank‘s liquidity pool book activities as well as optimize the bank‘s non-core liquidity buffer.

Pool operates under a fiduciary risk management mandate and currently manages the market risks (e.g. interest rate, FX), liquidity, and funding risks of Deutsche Bank’s unsecured Liquidity Pools. The Pool Desk under Treasury is a risk management function which independently from DB businesses manages and optimizes the risks within its mandate. The Desk does not operate solely or primarily for revenues or P&L objectives. It does not engage in market-making or ‘trading’ activities (e.g., for purposes of MaRisk or CRD IV), though it does engage in transactions that would constitute proprietary trading for purposes of the Volcker Rule.

There are regional Pool managers responsible for the Pool books in the major hubs as well as overseeing the risks of the local Pool books in smaller countries of their respective region, i.e. Treasury Markets Pool in APAC, in EMEA and in the Americas. On top of that there is a separate Risk Management function as well as the former DB PGK Financial Markets Desk which - after the merger of DB PGK into DB AG - will be consolidated as part of Project Unity. They all report (functionally) to the Global Head of TMI Pool while also maintaining local reporting lines where required.

**Role Description**:

- Management of the local Pool desk in Luxembourg, covering both DB Lux SA and DB AG Lux Branch
- Take direct responsibility for Risk and PnL using TMI’s official Risk & P/L engines (Kannon)
- Management of daily Pool funding and cash management activities in accordance with internal and external limits mainly through intergroup borrowing and lending.
- Perform cash and liquidity management taking into account liquidity and regulatory metrics/limits (e.g. minimum reserve, LCR, NSFR and sNLP etc.)
- Support the local Asset & Liability Management with regular interaction with Group functions: management of mismatches in term profile of assets and liabilities in the local liquidity pool in accordance with Treasury governing principles for transfer pricing and liquidity risk
- Management of Banks’s liquidity and interest rate risk across EUR, USD, GBP and other currencies within the financial and regulatory framework
- Provide internal funds transfer prices to local businesses in line with the Group’s guidelines and capture internal trades i.e., Pool v/s Businesses
- Support local ongoing management, development, and implementation of changes in Funds Transfer Pricing and Liquidity Management methodologies, working with Central Treasury policy teams
- Understanding the local regulatory environments as they relate to Treasury, ensuring the Treasury team and business are always appraised of developments and changes, together with the likely impacts to the local business
- Close communication and cooperation with local Finance and Operations regarding daily liquidity requirements
- Interact with regional teams to ensure proper flow of communication regarding local Pool activities.
- Support the local Treasurer and other local Pool Managers within South & West Europe in back-up activities and in preparation of local governance documentation such as for the local ALCO meetings
- Update Treasury’s internal Policies in line with both local regulatory and G