Deutsche Bank India | DWS Senior Risk Analyst – Model Validation

Responsibilities

• DWS is recognised by clients globally as a trusted source for integrated investment solutions, stability and innovation across a full spectrum of investment disciplines.
• The Model Risk team works as a global organization with team members in London and India with a focus around validating, testing and overseeing the usage of models related to Corporate Risk, Fiduciary and Investment Risk for Liquid and Illiquid investment strategies.
• Building on more than 70 years of experience, it has a reputation for excellence in Germany, Europe, the Americas and Asia.
• Review ongoing model monitoring reports, finding closures, identify potential model risk and document the findings to key stakeholders while evaluating the corrective actions.
• Building benchmark models used across the model validation team, design backtesting or other methodologies to test the conceptual soundness of model assumptions.
• Provide guidance to junior members of the model validation team.
• Model Risk is part of the Risk function and is designed to provide governance and control to manage a variety of models used in the Firm and associated risks.
• Conducting model validations on the DWS models, both in-house and vendor models, based on regulatory guidance, internal policy and procedures and best industry practice and communicate findings and recommendations to model owners and prepare the model validation reports.

Your skills and experience

• Working closely with various teams on topics including model assumptions and limitations to ensure models remains fit for purpose.
• Educated to post-graduate degree level in a quantitative field such physics, mathematics, statistics, economics or engineering, or with relevant industry experience / professional qualification.
• Strong quantitative skills across programming languages such as R, SQL, C++, SAS, Python, MATLAB.
• Expertise in at least one of Python or C++ is essential.
• Solid understanding of valuation methods, capital markets, portfolio theory and risk management.
• Excellent verbal and written communications skills -- previous experience of writing either technical documentation related to model validation or development or independent peer-reviewed research articles.
• Strong experience in quantitative risk management, model validation or model development from across the Investments, Consulting or Banking industry with sound experience of validating or developing valuation or risk models across asset classes such as FX, Rates and Equities.

Deutsche Bank

Deutsche Bank is a leading German bank, founded in Berlin in 1870 and headquartered in Frankfurt. Its businesses span the Corporate Bank, the Investment Bank, the Private Bank and asset management through DWS, serving companies, institutions and individuals worldwide.

Deutsche Bank has been present in India since 1980. Besides its branch banking business, its Indian centres in Mumbai, Pune, Bengaluru and Jaipur support the group globally in technology, operations and finance. Finance professionals typically work in financial control, product control, regulatory reporting, tax, internal audit and risk.

• Industry: Banking and financial services
• Headquarters: Frankfurt am Main, Germany
• In India: Branch banking plus large global capability centres in Mumbai, Pune, Bengaluru and Jaipur