Risk Frameworks Senior Specialist (f/m/x)

Deutsche Bank; Madrid; Presencial; EUR 55.000 - 80.000; Jornada completa

Descripción de la vacante

Join Deutsche Bank's Risk Frameworks team in Madrid as a Senior Specialist and lead the charge in enhancing credit risk models. This pivotal role demands expertise in credit risk and data analysis, where you will collaborate with global and local teams. The position offers the chance to influence financial risk management strategies while ensuring compliance with regulations like IFRS 9. A supportive work environment focused on wellbeing and professional growth awaits you.

Servicios

Counseling and support initiatives

Discounts in gyms and annual medical check-ups

Hybrid working model

Meal allowance and pension plans

Formación

• Expertise in credit risk models, especially under IFRS 9 and CRR regulations.
• Degree in relevant fields with solid knowledge in risk parameters.
• Bilingual in Spanish and English with strong communication skills.

Responsabilidades

• Lead a multi-year program to overhaul credit risk models.
• Ensure accuracy of credit risk data and alignment with regulations.
• Identify and resolve data quality issues in risk processes.

Conocimientos

Credit risk management

Data analysis

Interpersonal skills

Quantitative analysis

Educación

Degree in Business Administration, Engineering, Science (e.g. Physics)

Herramientas

SAS

Python

Descripción del empleo

Job Description:

Join the DB Spain Risk team in Madrid as a Risk Frameworks Senior Specialist within the Enterprise Risk Management team.

Are you ready to make an impact at the intersection of Risk Methodology, Finance and Risk Management? We are seeking a talented and dynamic credit risk models expert to join our team and contribute to the evolving landscape of financial risk management.

As a key member of the team, you will report directly to the Head of Enterprise Risk Management, where your expertise will drive the analysis and evaluation of credit risk models for PB Spain portfolios. In this role, you will be responsible for ensuring that DB Spain credit risk models are adequately overhauled (as part of a multi-year programme with global methodology teams), and provide support in order to have their accuracy further improved over time.

We are looking for a candidate with excellent interpersonal skills, a flexible mindset, ability to work with huge datasets of information (knowledge of SAS is a must), and a passion for working in diverse, global environments.

If you are looking to develop in an international setting, collaborate with top-tier professionals, and play a pivotal role in shaping our regulatory strategy, we’d love to hear from you.

Responsibilities

• Lead locally a multi-year programme to further overhaul PB Spain credit risk models (incl. LGD and CCF), with deep interaction with relevant global / local teams, including global methodology teams, finance, owners of local applications, etc.
• Ensure that all the credit risk data used in the models is accurate, and that any potential change in the information is fully aligned to regulatory requirements, incl. IFRS 9 (stages and triggers), the new Definition of Default, or the CRR3 regulation.
• Local expert for PD calculation for PB Spain retail portfolio.
• Identify potential issues in the data quality of the risk processes information in order to define and implement actions addressed to solve the identified issues and to improve the data quality in the risk processes.
• Candidate will be required to develop tasks proactively and maintain professional relationships with local and global Risk colleagues, the business areas and other infrastructure teams.

Skills

• We are seeking experienced professionals with deep expertise in the development of 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 (e.g. Physics) or related fields, with solid knowledge of risk parameters, especially in advanced risk models (IRBA) under CRR. Strong background in credit risk management, audit or consulting area specialized in credit risk management is desirable.
• Deep knowledge of SAS is essential, Python knowledge is 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.

Well-being & Benefits

A healthy, engaged and well-supported workforce are better equipped to do their best work and, more importantly, enjoy their lives inside and outside the workplace. That’s why we are committed to providing an environment with your development and wellbeing at its centre.

• Emotionally 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.