Model Validation Specialist (f/m/x) Business and Infrastructure Models

About 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 responsible for the management of model risk, including the independent validation of models as well as the identification and the monitoring &controlling of model risk.

Our aim is to identify, aggregate, manage and mitigate risk across the core activities of market risk, credit risk, operational risk management and business models.

MoRM is located in Frankfurt, London, New York, Mumbai, and Berlin.

Our team is responsible for validating business and infrastructure models incl. Anti-Financial-Crime, Finance and Private Bank models.

Main tasks

• Self-contained validation of business and infrastructure models with main focus on AFC models and discussion of validation results with involved stakeholders

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

• Serve as contact person regarding all methodology aspects of covered models

• Preparation of impact studies and presentations in relevant governance committees

• Review and assessment of analyses and changes done by developers to close existing validation issues

• Assess and actively manage the model risk of the relevant models by e.g. ensuring adherence to model documentation standards

Skills & Experiences

• Graduate degree in mathematics or mathematical finance, statistics, physics, econometrics, or a comparable education

• Solid background in banking and financial mathematics

• Ability to explain mathematical concepts and results in layman's terms

• Advanced IT skills, i.e. experience with relevant software packages (ideally R, Python, machine learning and a good knowledge of MS office products)

• Proficiency and experience in data analysis and evaluation and understanding of IT processes

• Self-motivated and strong analytical skills & proven ability to structure and solve problems independently

• Team player

• Excellent written and verbal skills in English, German would be 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 Esther Grandmann.

Contact Esther Grandmann: +49 69-91045 443

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