Risk Frameworks Senior Specialist (f/m/x)

Deutsche Bank AG; Casares; Hybrid; EUR 80,000 - 110,000; Full time

Benefits offered by this job

Hybrid work model

Meal allowance

Pension contribution plans

Employee banking services

Job summary

Deutsche Bank AG in Madrid is seeking an experienced professional to manage Spanish credit risk models, coordinating with Model Development and Validation teams to ensure data quality and robust model calibration.

You will contribute to PD/LGD governance, work on IFRS 9 and CRR3, and engage with international projects to align global modelling requirements with the Spanish portfolio context.

Qualifications

• Experience with credit risk models for retail portfolios and IFRS 9.
• Strong knowledge of data quality in model recalibration and governance.
• Background in risk parameters and advanced risk models (IRBA) under CRR.
• Fluent in Spanish and English; strong communication skills.

Responsibilities

• Serve as the primary contact for Spanish credit risk models across model lifecycle.
• Coordinate development, recalibration and validation activities with Model Development and Validation teams.
• Ensure data quality and reconciliation for recalibration and validation exercises.
• Act as interface between local Credit Risk, model developers, validators and stakeholders.
• Contribute to governance and documentation of PD and LGD models; support cross-country projects.

Skills

credit risk models

IFRS 9

CRR3

SAS

Python

data analysis

English and Spanish

AI tools usage

Education

ADE / Business Administration

Engineering / Science degree

related fields

Tools

SAS

Python

Job description

Job Description:For over 150 years, our dedication to being the Global Hausbank for our clients has been driven by our people – in around 60 countries and across more than 150 nationalities. Their deep understanding, insights, expertise, and passion help our clients navigate an increasingly complex world – be it in our Corporate Bank, our Private Bank, our Investment Bank or our Asset Management division. Together we can make a great impact for our clients home and abroad, securing their lasting success and financial security.At Deutsche Bank, we are committed to fostering an inclusive and accessible work environment where everyone can thrive. In our commitment to diversity and in accordance with the Spanish General Disability Law (LGD), we especially welcome applications from qualified candidates with a recognized degree of disability.Join Deutsche Bank Risk in Madrid and take a key role in the management of our credit risk models. Become the key point of contact for credit risk models, connecting Spain with Model Development and Model Validation teams, and ensuring high-quality data for model recalibration. Take an active role in international projects, working across functions and countries to strengthen our modelling framework and bring the Spanish portfolio perspective to global initiatives.ResponsibilitiesAct as the primary contact for Spanish credit risk models, ensuring effective coordination with Model Development and Validation teams throughout the model lifecycle.Coordinate and support model development, recalibration and validation activities, ensuring that local portfolio characteristics, data considerations and business context are appropriately reflected and communicated.Ensure quality and accuracy of the data provided for model recalibration, working with the relevant stakeholders to identify data-quality issues, inconsistencies or gaps and drive their resolution; ensure appropriate data preparation, reconciliation and quality controls ahead of recalibration and validation exercises, supporting a robust and reliable modelling process.Act as the central interface between local Credit Risk, model developers, validators and other relevant stakeholders, coordinating requests, analyses, validation findings and follow-up actions.Contribute to the effective governance and documentation of PD and LGD models, providing the required local input and maintaining transparency over key model and data topics.Play a key role in international and cross-country projects , representing the Spanish perspective and collaborating with global teams on model, data and credit risk initiatives and promote alignment and knowledge sharing across countries and functions, helping translate global modelling requirements into the Spanish portfolio context.SkillsWe are seeking experienced professionals with expertise in credit risk models for retail portfolios, focused on the calculation of Expected Credit Loss (IFRS 9) and capital (RWAs). A strong understanding of IFRS 9, CRR3 and new Definition of Default regulations is highly preferred.Background in Business Administration (ADE), Engineering, Science Degree or related fields, with solid knowledge of risk parameters, especially in advanced risk models (IRBA) under CRR. Strong background in credit risk management or consulting area specialized in credit risk management is desirable.Deep knowledge of SAS and/or Python knowledge is highly recommended. Strong quantitative and qualitative credit data analysis skills required.Flexible, proactive, results-driven professional with a strong focus on innovation. Excellent organizational skills, ability to multitask effectively, and keep an eye for identifying and evaluating processes, controls and risks.A highly communicative professional with strong interpersonal skills and excellent written and verbal communication abilities in both Spanish and English. Capable of effectively engaging with stakeholders at all levels.Proven ability to leverage AI tools to enhance productivity, optimize workflows to solve business problems, while applying critical judgment to ensure responsible and ethical use of data and AI outputs. Well-being and BenefitsEmotionally and mentally balanced: We support you in dealing with life crises, maintaining stability through illness, and maintaining good mental health. Benefit from initiatives such as counseling and support in difficult life situations and a culture where you can openly speak about mental health.Physically thriving: We support you managing your physical health by taking appropriate preventive measures and providing a workplace that helps you thrive. For example, discount in gyms, annual medical check up's, standing desks...Socially connected: We strongly believe in collaboration, inclusion and feeling connected to open up new perspectives and strengthen our self-confidence and well-being. Benefits vary from different types of paid and unpaid leave, hybrid model of remote working (for some positions …)Financially secure: We support you to meet personal financial goals during your active career and for the future. Benefit from meal allowance, pension contribution plans, banking services for employees, flex compensation program...We strive for a culture in which we are empowered to excel together every day. This includes acting responsibly, thinking commercially, taking initiative and working collaboratively.Together we share and celebrate the successes of our people. Together we are Deutsche Bank Group.We welcome applications from all people and promote a positive, fair and inclusive work environment.