Model Risk Management - Portfolio Model & Alpha Validation Team (f/m/x)

Model Risk Management - Portfolio Model & Alpha Validation Team (f/m/x)

Deutsche Bank Berlin, Deutschland
Job Description:

Background information on Model Risk Management and Portfolio Model & Alpha 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, Portfolio Model & Alpha Validation is responsible for the validation and model risk management of portfolio models of Deutsche Bank Group. This scope includes validation of all portfolio models used to measure credit risk, business risk, operational risk as well as diversification effects between risk types as well as respective stress-testing models.

Job responsibilities:

• Perform quantitative validation of above-mentioned portfolio models and respective stress-testing 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 portfolio models and underlying assumptions.
• Discussion of validation results with internal stakeholders such as model developers and owners, regulators, and auditors.
• Continuous improvement and enhancement of validation approaches, development of model prototypes for impact analyses 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, Matlab, R), overall strong programming skills.
• Good knowledge of Monte Carlo methods; experience with modelling and/or validation of portfolio models as well as risk management is beneficial.
• 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., part-time, 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 part-time.

In case of any recruitment-related questions, please get in touch with Manuela Niedling at +49 173 1822591.

We strive for a culture in which we are empowered to excel together every day. This includes acting responsibly, thinking commercially, taking initiative, and working collaboratively.

Together we share and celebrate the successes of our people. Together we are Deutsche Bank Group.

We welcome applications from all people and promote a positive, fair, and inclusive work environment.