Credit Model Validation - Model Validation Specialist (f/m/x)

Background information on Model Risk Management and Credit Validation

Model Risk Management is responsible for holistic management of model risk. This includes the independent validation of internal models as well as the identification and the monitoring & controlling of model risk.

Within Model Risk Management, Credit Validation is responsible for the validation and model risk management of credit risk models of Deutsche Bank Group. This scope includes validation of rating methodologies, credit risk parameters as well as IFRS9 accounting and credit stresstesting models.

Job Description

• Perform quantitative validation of credit risk models with a focus on IFRS9 models and respective stresstesting models of Deutsche Bank including pre-implementation validations of new models/model changes

• Extensive use of sophisticated data analysis and statistical methods (classification, regression) for validation of very complex credit risk models and underlying assumptions

• Discussion of validation results with internal and external stakeholders such as model developers and owner, regulators and auditors

• Continuous improvement and enhancement of validation approaches, especially taking into account regulatory requirements, as well as automation of validation analyses

• Assurance of Model Risk Management requirements, e.g. SR11-07 validation standards

Professional and personal qualifications

• Academic degree in a quantitative discipline (e.g. Mathematical Finance/Statistics) with a focus on application

• Experience in preparation as well as descriptive and explorative analysis of large data using statistical and other software packages (Python, SAS, R), overall strong programming skills

• Experience with analysis of default and loss data as well as practical knowledge in the modeling and/or validation of credit risk parameters (PD, LGD, CCF), IFRS9 accounting (ECL) or stresstesting models

• Ability to author structured and concise validation reports

• Pronounced conceptual and analytical skills as well as business fluent written and verbal skills in English, German language skills are beneficial

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)910-42911

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.
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