Bank risk manager of the year: Deutsche Bank

Risk Awards 2015: Teamwork allowed bank to cut VAR by $30 million in three days

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Stuart Lewis, Deutsche Bank

One of the challenges facing all big banks is how to devolve risk-taking authority to hundreds of trading desks dotted around the world, while still being able to cut exposure quickly. The oil tanker metaphor is often used – it takes a while for these big, complex organisations to change course.

For much of last year, there was little need to put those capabilities to the test. That changed in the middle of October, when mounting losses on a series of bad bets forced hedge funds to mechanically

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