For Recruiters

Model Validation Specialist (m/f/x)

Deutsche Bank AG
Germany, Berlin
Posted about 7 hours ago In-Office Permanent Competitive
Position Overview

Details of the role and how it fits into the team

The Model Validation Specialist is responsible for the validation of the Group's Counterparty Credit Risk (CCR IMM) derivative pricing models across asset classes. Role holders are Specialists, validating the fitness for purpose of CCR IMM pricing models as well as their appropriateness in the market environment. The focus lies on complex derivative pricing models - requiring detailed analysis, interpretation & judgement calls to be taken as well as highly analytical skills. The candidate needs to lead detailed discussions, build relationships within Risk and communicate across all levels of the organisation.

Your key responsibilities
  • Independently review and challenge the derivative pricing models and methodologies used in the Counterparty Credit Risk IMM Pricing.
  • Review and challenge the mathematical/ theoretical soundness of the model, check independently its implementation, and assess its suitability for the quantity modelled.
  • Engage with model developers and owners and communicate in a structured manner with wider model risk stakeholders on every aspect of the model risk management lifecycle e.g validation outcomes, compensating controls etc.
  • Actively engage in the on-going assessment of the model performance and applicability as well as the validation of model changes.
  • Ensure compliance with regulatory requirements.
Your skills and experiences
  • Understand mathematical models and their implementation in finance as well as OTC exotic derivative products traded in the financial markets together with the associated risks that are inherent from trading these products.
  • +3 years relevant experience either as a model developer or validator.
  • Highly analytical, hands on practical and team player.
  • PhD/ MSc in Science (Maths/ Physics / Engineering).
  • Expert in Python.
Posting time: 03.05.2022 - until further notice

Benefit
What we will offer you:
https://careers.db.com/explore-the-bank/working-environment/benefits-wellbeing/
Please note that this may vary slightly from location to location.

In case of any recruitment related questions, please get in touch with Karoline Kleinsorge.

Contact: Karoline Kleinsorge ( +(49)151 292 00460)

Unsere Werte bestimmen das Arbeitsumfeld, welches wir schaffen möchten - vielfältig, wertschätzend und offen für verschiedene Meinungen. Nur eine Unternehmenskultur, die eine Vielzahl von Perspektiven, sowie kulturellen und gesellschaftlichen Hintergründen vereint, fördert Innovation. Wir setzten auf vielfältige Teams, in welchen die Menschen ihr volles Potential entfalten können - denn das Zusammenführen verschiedener Talente und Ideen spielt eine entscheidende Rolle für den geschäftlichen Erfolg der Deutschen Bank.

Unsere Unternehmenskultur setzt hohe ethische Standards und fördert ein gutes Miteinander. Unabhängig von kulturellem Hintergrund, Nationalität, ethnischer Zugehörigkeit, geschlechtlicher und sexueller Identität, körperlichen Fähigkeiten, Religion und Generation freuen wir uns über Bewerbungen talentierter Menschen.
Sprechen Sie uns an: Wir bieten flexible Arbeitszeitmodelle und weitere Zusatzleistungen, um Sie in Ihrem Berufsleben zu unterstützen.

Klicken Sie hier für weitere Informationen zu Vielfalt und Teilhabe in der Deutschen Bank.

Job ID  R0173291
ABOUT COMPANY
Germany, Frankfurt am Main
85000 Employees Corporate Banking
Die Deutsche Bank verändert die Welt des Bankings. Wir verbinden neue Fähigkeiten und unterschiedliche Blickwinkel, um einen positiven Unterschied zu ...
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