Model Validation Senior Specialist (d/m/w)
Job ID: R0396327
Full/Part-Time: Full-time
Regular/Temporary: Regular
Listed:
Location: Berlin
Position Overview
Details of the role and how it fits into the team
The Risk division plays a critical role in identifying and managing a wide range of risks to which Deutsche Bank is exposed as part of its global operations – from credit and market risks to non-financial risks. As an integral part of this division, Model Risk Management (MoRM) is tasked with performing independent model validation and actively managing model risk at a global level in line with Deutsche Bank's risk appetite. Its teams are located in Frankfurt, Berlin, London and New York.
In the US Model Validation Team in Berlin, you will focus on developing and maintaining a central modelling and validation service covering all risk model types and methodologies. We have been investing heavily in digital technology and infrastructure with the aim of making Deutsche Bank more efficient, more resilient and less complex. This is your opportunity to make a valuable contribution and help drive our business forward in a fast-paced environment.
Your key responsibilities
* Contribute to maintaining and improving the soundness and reliability of models developed for CCAR (Comprehensive Capital Analysis and Review) and business as usual (BAU) relevant for the US legal entities.
* Regular validation of complex methods and procedures utilized for risk management.
* Analyse and enhance complex model methodologies and extension of the current validation concepts.
* Aggregate validation outcomes for reporting to senior management.
* Review and assessment of analyses performed by development units to remediate validation findings.
* Build relationships with stakeholders and business associates, internal & external.
* Support responses to internal and external audit requests, including interaction with regulators & supervisory authorities.
Your skills and experiences
* Advanced degree (PhD is a plus) in mathematics, finance, statistics, physics, econometrics or a related discipline.
* Strong mathematical background in probability theory, stochastic calculus, statistics or mathematical finance.
* Good knowledge about financial products / derivatives and the financial risks related to them is essential.
* Substantial experience in performing data analysis and statistical tests in programming languages like Python, R etc.
* Several years of experience in one of the following areas is required: credit risk, market risk and/or operational risk.
* Your written documents have to be structured and concise. You need to be fluent in English (written and spoken).
What we offer
We provide you with a comprehensive portfolio of benefits and offerings to support both, your private and professional needs.
* Emotionally and mentally balanced
A positive mind helps us master the challenges of everyday life – both professionally and privately. We offer consultation in difficult life situations as well as mental health awareness trainings.
* Physically thriving
We support you in staying physically fit through an offering to maintain personal health and a professional environment. You can benefit from health check-ups; vaccination drives as well as advice on healthy living and nutrition.
* Socially connected
Networking opens up new perspectives, helps us thrive professionally and personally as well as strengthens our self-confidence and well-being. You can benefit from PME family service, FitnessCenter Job, flexible working (e.g parttime, hybrid working, job tandem) as well as an extensive culture of diversity, equity and inclusion.
* Financially secure
We provide you with financial security not only during your active career but also for the future. You can benefit from offerings such as pension plans, banking services, company bicycle or "Deutschlandticket".
Since our offerings slightly vary across locations, please contact your recruiter with specific questions.
This job is available in full and parttime.
In case of any recruitment related questions, please get in touch with Pierre Kujat.
Contact Pierre Kujat:
Wir streben eine Unternehmenskultur an, in der wir gemeinsam jeden Tag das Beste geben. Dazu gehören verantwortungsvolles Handeln, wirtschaftliches Denken, Initiative ergreifen und zielgerichtete Zusammenarbeit.
Gemeinsam teilen und feiern wir die Erfolge unserer Mitarbeiter*innen. Gemeinsam sind wir die Deutsche Bank Gruppe.
Wir begrüßen Bewerbungen von allen Menschen und fördern ein positives, faires und integratives Arbeitsumfeld.