For Recruiters

Model Validation Specialist (m/f/x)

Deutsche Bank AG
Germany, Berlin
Posted about 13 hours ago In-Office Permanent Competitive
Position Overview

********** Bitte reichen Sie Ihre Bewerbung auf Englisch ein/ Please submit your application in English **********

Details of the role and how it fits into the team
The Model Risk Management (MoRM) team provides oversight and governance for senior managers of model analytics and their implementation into the risk architecture that drive valuation, risk and stress testing results. You will be responsible for the review and analysis of Treasury pricing models used for valuation, risk management and regulatory risk reporting, in particular Interest Rate Risk in the Banking Book (IRRBB) (Delta Economic Value of Equity (EVE)) calculation.

Your key responsibilities
  • Assessing, analysing and test derivative models for pricing, risk management and Delta EVE calculation for IRRBB of Treasury products.
  • Testing pricing models for the purpose of end of day pricing and regulatory scenario stress testing.
  • Documenting test results in a model validation report.
  • Collaborating in the development and maintenance of an internal Python library to improve the efficiency of testing and documentation.
  • Engaging with the due diligence aspects of the New Product Approval Process, and oversight of model governance for Treasury products.
Your skills and experiences
  • Educated to Master's degree level or equivalent qualification/relevant work experience
  • Experience in a Model Validation, Front Office Quant role or other relevant quantitative finance role
  • A deep understanding of derivatives pricing models and a strong interest in financial markets demonstrated by qualifications and experience
  • Understanding of and experience with Treasury models for savings deposits, residential mortgages and consumer and business loans
  • Experience of coding in a managed codebase, familiarity with code versioning systems, project management systems, unit testing, Python scripting is an advantage
What we will offer you (optional)
  • Training and development to help you excel in your career
  • Flexible working to assist you balance your personal priorities as we transition to a hybrid working model
  • A culture of continuous learning to aid progression
  • A range of flexible benefits that you can tailor to suit your needs
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 Mihriban Solak.

Contact: Mihriban Solak ( +49 69 910-45956)

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  R0194059
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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