Model Validation Senior Specialist (f/m/x)

TN Germany; Berlin; Vor Ort; EUR 55.000 - 90.000; Vollzeit

Zusammenfassung

An established industry player is seeking a detail-oriented professional to join their Model Risk Management division. This role offers the opportunity to independently review and validate complex pricing models for credit and securitization products, ensuring compliance with internal standards and regulatory guidance. The ideal candidate will possess a strong mathematical background, proficiency in Python, and excellent analytical skills. With a focus on innovation, this position encourages contributions to automating documentation and testing processes. Join a diverse and inclusive team that values your expertise and fosters both personal and professional growth.

Leistungen

Emotional and mental well-being support

Health check-ups

Flexible working arrangements

Pension plans

Company bicycle

Deutschlandticket

Qualifikationen

• MSc in a highly mathematical subject required.
• Strong foundations in analysis, probability, and statistics are essential.

Aufgaben

• Review and validate pricing models for credit and securitization products.
• Engage with stakeholders to ensure timely completion of validation projects.

Kenntnisse

Python

LaTeX

Analysis

Probability

Statistics

PDEs

Stochastic Calculus

Software Development

English Communication

Ausbildung

MSc in a highly mathematical subject

Tools

SVN

Git

Jobbeschreibung

Job Description

Details of the role and how it fits into the team

The role involves independently reviewing, testing, and approving pricing models for credit and securitization products, as well as related models, in accordance with internal standards and regulatory guidance. The team is part of the Model Risk Management division within Deutsche Bank's Risk department.

Your key responsibilities

1. Receive formal requests from Front Office and Model Developers to validate pricing models for credit and securitization products, along with reserve and valuation adjustment models.
2. Mathematically review models for their suitability, conduct independent testing, challenge developers when necessary, and document the results in a Model Validation Report reviewed by regulators.
3. Manage ongoing model risk by assessing documentation, assumptions, limitations, changes, and by imposing conditions for use.
4. Engage with stakeholders proactively to ensure validation projects are completed on time and meet requirements.
5. Contribute to automating documentation and testing processes through development of an internal Python library.

Your skills and experiences

• MSc in a highly mathematical subject.
• Strong foundations in analysis, probability, statistics, PDEs.
• Rigorous, precise, disciplined, independent, and persistent.
• Proficient in Python and LaTeX; familiar with SVN or git.
• Knowledge of stochastic calculus and its applications to no-arbitrage pricing models is advantageous.
• Experience in software development is a plus.
• Excellent written and verbal English skills.

What we offer

We provide a comprehensive benefits package supporting your personal and professional needs, including:

• Emotional and mental well-being: Access to counseling and mental health training.
• Physical health: Support through health check-ups, vaccinations, and advice on healthy living.
• Social connection: Networking opportunities, flexible working arrangements, and a culture of diversity and inclusion.
• Financial security: Pension plans, banking services, company bicycle, and Deutschlandticket.

This position is available in both full-time and part-time formats.

For recruitment inquiries, please contact Manuela Niedling at [phone].

At Deutsche Bank, we strive for an inclusive environment where everyone can excel. We promote a fair, respectful, and diverse workplace and welcome applications from all qualified individuals.