Model Validation Senior Specialist (f/m/x)

<h2><u>Job Description:</u></h2><p></p><p></p><p>*** please submit your CV in English ***</p><h1></h1><p></p><p></p><h1>Details of the role and how it fits into the team</h1><p>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 <a href="https://www.federalreserve.gov/supervisionreg/srletters/sr1107.htm" rel="noopener noreferrer" target="_blank">SR11-07</a> regulatory guidance. The team is part of the Model Risk Management division of the Risk department of Deutsche Bank.</p><p></p><p>DB has a strong commitment to promote gender equality at all levels of leadership. </p><p></p><h1>Your key responsibilities</h1><ul><li><p>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.</p></li><li><p>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.</p></li><li><p>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.</p></li><li><p>Pro-actively engage stakeholders to successfully bring validation projects to completion to agreed deadlines and in line with requirements.</p></li><li><p>Increase the degree of automation of documentation generation and testing by contributing to the development of an internal Python library.</p></li></ul><p></p><h1>Your skills and experiences</h1><ul><li><p>MSc/PhD in a highly mathematical subject</p></li><li><p>Solid foundations in analysis, probability, statistics, PDEs</p></li><li><p>You are rigorous, deep, precise, disciplined, independent, and persistent</p></li><li><p>Experience in Python and LaTeX and familiar with SVN or git</p></li><li><p>You have an advantage if you know stochastic calculus and its applications to risk neutral pricing models</p></li><li><p>Experience in software development is a plus</p></li></ul><p></p><p></p><p>This job is available in full and parttime.</p><p></p><p><a href="https://careers.db.com/explore-the-bank/working-environment/benefits-wellbeing/" rel="noopener noreferrer" target="_blank">https://careers.db.com/explore-the-bank/working-environment/benefits-wellbeing/</a></p><p>Please note that this may vary slightly from location to location. </p><p></p><p>In case of any recruitment related questions, please get in touch with Carolin Adler.</p><p>Contact: Carolin Adler, Tel (+49 3034074778)</p><p></p><p></p><p></p><p>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.</p><p><br/>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.</p><p></p><p>Visit <a href="https://careers.db.com/inside-deutsche-bank/" rel="noopener noreferrer" target="_blank">Inside Deutsche Bank</a> to discover more about the culture of Deutsche Bank including Diversity, Equity &amp; Inclusion, Leadership, Learning, Future of Work and more besides.</p>