Model Validation Specialist – Associate

Model Validation Specialist – Associate

Deutsche Bank

Job Title-Model Validation Specialist- Associate

Location- Mumbai

Role Description

Model Risk Management’s mission is to manage, independently and actively, model risk globally in line with the bank’s risk appetite with responsibility for:

•Performing robust independent model validation.

•Ensuring early and proactive identification of Model Risks.

•Designing and recommending Model Risk Appetite.

•Effectively managing and mitigating Model Risks.

•Establishing Model Risk metrics.

•Designing and implementing a strong Model Risk Management and governance framework.

•Creating bank-wide Model Risk related policies.

What we’ll offer you

As part of our flexible scheme, here are just some of the benefits that you’ll enjoy

  • Best in class leave policy
  • Gender neutral parental leaves
  • 100% reimbursement under childcare assistance benefit (gender neutral)
  • Sponsorship for Industry relevant certifications and education
  • Employee Assistance Program for you and your family members
  • Comprehensive Hospitalization Insurance for you and your dependents
  • Accident and Term life Insurance
  • Complementary Health screening for 35 yrs. and above

Your key responsibilities

Portfolio Management, Governance & Framework as part of MoRM is responsible for the overall governance framework implementation and oversight of Pricing, Risk & Capital as well as Other models of the bank.

The role as an AVP/Associate based in Mumbai will work closely with the Model Risk Governance and Framework Teams based in London/Berlin/Frankfurt/Singapore to produce, analyse and document Pricing as well as Risk & Capital/Other model risk reports in line with the bank’s internal policies.

Position Specific Responsibilities and Accountabilities.

•Produce comprehensive, quality assured model risk/ model scorecard reports (in Excel/PowerPoint) which present global view of the bank’s model risk.

•Ensure timely distribution of risk assessment reports and tracking statistics to relevant stakeholders with proper follow up of outstanding actions.

•Engage with various colleagues within & outside MoRM and in a structured manner with wider model risk stakeholders on every aspect of the model risk management lifecycle (e.g., model developer documentation submissions, validation outcomes, compensating controls model risk assessment, validation findings and ongoing model performance monitoring requirements, etc.)

•Achieve competency in using DB’s proprietary systems for data extraction, checking and validation of report accuracy.

•Perform UAT testing on any new model risk systems being implemented.

•Identify opportunities to leverage synergies within different Model Risk Management teams to automate tasks.

•Regionally adapt policies into procedures and templates for model risk governance if necessary.

Your skills and experience

•Experience in model governance and/or model pricing, other quantitative risk management role or Front Office quantitative discipline / quant role.

•Professional experience in financial risk management in general.

•Strong understanding of financial products/markets demonstrated by qualifications and experience.

•Strong aptitude for automating manual tasks.

•Experience coding with programming languages (e.g., VBA for Excel and Python) is a distinct advantage.

•Conceptual and analytical skills and project management experience.

•Excellent communication skills – both written and oral.

•Previous experience of regulatory and audit interaction and familiarity with the broader industry and regulatory environment a distinct advantage.

•A minimum of a bachelor’s qualification (or equivalent qualification / work experience) preferably in a numerate subject such as mathematics, physics, statistics, finance.

To apply for this job please visit careers.db.com.

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