Risk Frameworks Senior Specialist (f/m/x)

Deutsche Bank AG; Madrid; On-site; EUR 90,000 - 120,000; Full time

Benefits offered by this job

Mental health support

Gym discounts

Medical checkups

Standing desks

Meal allowance

Pension plan

Hybrid model

Job summary

Deutsche Bank in Madrid invites experienced professionals to join the Risk team focused on Spanish credit risk models. You will coordinate development, recalibration, and validation across the model lifecycle, ensuring data quality and effective stakeholder communication. The role spans cross-country projects and governance of PD/LGD models.

Fluency in Spanish and English is essential, with strong analytical and programming skills in SAS and/or Python to drive accurate modelling and insights.

Qualifications

• Experience with credit risk models for retail portfolios.
• Strong knowledge of IFRS 9, CRR3 and DoD definitions is preferred.
• Fluent in Spanish and English; able to engage with stakeholders.
• Proficient in SAS and/or Python.

Responsibilities

• Act as primary contact for Spanish credit risk models across lifecycle.
• Coordinate model development, recalibration and validation activities.
• Ensure data quality and timely preparation for recalibration.
• Engage with stakeholders and support cross-country projects.
• Contribute to governance and documentation of PD/LGD models.

Skills

IFRS 9

CRR3

SAS

Python

Credit risk

Data analysis

Communication

Education

ADE

Engineering

Science degree

Related fields

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.

Responsibilities

Act 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.

Skills

We 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 Benefits

• 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.

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 (DWS) division. Together we can make a great impact for our clients at home and abroad, securing their lasting success and financial security. More information at: Deutsche Bank Careers (db.com)