Market Risk and Portfolio Model Validation Senior Specialist (f/m/x)

Position Overview

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 isk 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, New York and Mumbai.

Assigned to the Market Risk and Derivative Exposure Model Validation teams in Frankfurt, you will focus on independently validating Market Risk models as well as monitoring and controlling the model risk associated with these models.

Your key responsibilities

• Review and analyze Market Risk models used for regulatory capital, ICAAP or internal steering like VaR, ES, etc.

• Analyze the underlying mathematical methods, verify adequacy of models and their implementation.

• Communicate outcomes of your review and analysis to key model stakeholders including risk managers, validation leads and model development teams.

• Enhancement of existing validation concepts

Your skills and experience

• Educated to Masters/ Ph.D. level or equivalent qualification in a quantitative subject such as Mathematics, Physics or Quantitative Finance / relevant work experience.

• Excellent mathematical abilities (including Statistics, Stochastic Processes), Monte-Carlo & Historical Simulation Methods and Mathematical Finance. Knowledge of financial products / derivatives and the financial risks related to them.

• Strong programming skills.

• Excellent communication skills, both written and verbal, ability to author structured and concise validation reports.

• 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 Manuela Niedling.

Contact Manuela Niedling: +49(69)91042991

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