Model Validation Specialist (f/m/x)

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.

Market Risk and Derivatives Exposure Validation unit 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

• Regular validation of complex methods and procedures utilized for risk management.

• Analyse and enhance complex model methodologies. 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.

Your skills and experiences

• Advanced degree (PhD is a plus) in mathematics, finance, statistics, physics, econometrics or a related discipline, supported with early professional experience.

• Knowledge in quantification of financial products (including derivatives), market risk and or credit risk would be a plus.

• Very strong mathematical background, ideally in financial mathematics and statistics.

• Very Strong IT /data management skills plus experience with relevant software packages, ideally Excel / SAS / SQL / Python / R.

• Proficiency in MS Office products.

• Very good verbal and written English (C1/C2).

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”.

This job is available in full and parttime 

Since our offerings slightly vary across locations, please contact your recruiter with specific questions.

In case of any recruitment related questions, please get in touch with Stefanie Schumann.

Contact Stefanie Schumann: (+49 69 910-42578)

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