Model Validation Senior Specialist (f/m/x)

Job Description:

*** please submit your CV in English ***

Details of the role and how it fits into the team

The role is to independently review, test and approve pricing models for credit and securitization products and other related models, all according to internal standards consistent with the SR11-07 regulatory guidance. The team is part of the Model Risk Management division of the Risk department of Deutsche Bank.

Your key responsibilities

1. Receive formal requests from Front Office and Model Developers to approve pricing models for credit and securitization products, and related reserve and valuation adjustment models.
2. Mathematically review models and their suitability for products, conduct independent testing, challenge FO and model developers where necessary before conferring approval, and document testing results and outcomes of conceptual and mathematical review in a Model Validation Report reviewed by regulators.
3. Manage model risk on an ongoing basis by assessing the model developer documentation, model assumptions and model limitations, model changes, imposing conditions for use, raising validation findings etc.
4. Pro-actively engage stakeholders to successfully bring validation projects to completion to agreed deadlines and in line with requirements.
5. Increase the degree of automation of documentation generation and testing by contributing to the development of an internal Python library.

Your skills and experiences

1. MSc in a mathematical subject
2. Solid foundations in analysis, probability
3. You are rigorous, deep, precise, disciplined, independent, and persistent
4. Experience in Python, familiarity with LaTeX, SVN
5. You have an advantage if you know stochastic calculus

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 Carolin Adler.

Contact: Carolin Adler, Tel (+49 3034074778)

Our values define the working environment we strive to create - diverse, supportive and welcoming of different views. We embrace a culture reflecting a variety of perspectives, insights and backgrounds to drive innovation. We build talented and diverse teams to drive business results and encourage our people to develop to their full potential. Talk to us about flexible work arrangements and other initiatives we offer.

We promote good working relationships and encourage high standards of conduct and work performance. We welcome applications from talented people from all cultures, countries, races, genders, sexual orientations, disabilities, beliefs and generations and are committed to providing a working environment free from harassment, discrimination and retaliation.

Visit Inside Deutsche Bank to discover more about the culture of Deutsche Bank including Diversity, Equity & Inclusion, Leadership, Learning, Future of Work and more besides.