Change Analyst - Credit Risk Change Business Analyst

Deutsche Bank AG; City of Westminster; Hybrid; GBP 50,000 - 70,000; Full time

Job summary

A leading global bank is seeking a Change Analyst to join their Credit Risk Change team in London. The role involves supporting regulatory compliance and transformational change initiatives within credit risk management. Ideal candidates will have a relevant degree, experience in credit risk projects, and proficiency in Python and SQL. This position offers a competitive salary and hybrid working options.

Benefits

Hybrid Working

Competitive salary

30 days holiday plus bank holidays

Life Assurance and Private Healthcare

Flexible benefits

Qualifications

• Experience in change projects related to credit risk is an advantage.
• Strong motivation to drive large-scale projects.
• Capacity to multi-task and work under pressure.

Responsibilities

• Collaborate with teams to map data flows and business processes.
• Support margin and collateral modelling.
• Define and review test cases as part of solution deployment.

Skills

Project leadership

Python proficiency

SQL proficiency

Interpersonal skills

Capital market understanding

Education

University degree in a relevant subject

MSc/PhD preferred

Tools

Python

SQL

Job description

Job Overview

Change Analyst – Credit Risk Change Business Analyst Location: London
Corporate Title: Associate Group – Strategic Analytics (GSA) is part of the Group Chief Operating Office (COO) which acts as the bridge between the Bank's businesses and infrastructure functions to deliver the efficiency, control and transformation goals of the Bank. The Credit Risk Management (CRM) Change function within GSA drives regulatory compliance, strategic transformation and process re‑engineering programmes for managing the credit life cycle. You will join the Change Team for Counterparty Credit Risk (CCR) within GSA, supporting the CRM function. The role focuses on improving Deutsche Bank's internal model method (IMM) and credit limit monitoring framework for potential future exposure (PFE) on derivatives and Security Financing Transactions (SFT). IMM is used to measure capital requirements linked to counterparty risk, with the ultimate aim of further strengthening the Risk business function and cementing our position as a risk‑cognisant, customer‑focused and profitable investment bank.

What we’ll offer you

• Hybrid Working – employees can work remotely part of the time to achieve a flexible working pattern.
• Competitive salary and non‑contributory pension.
• 30 days’ holiday plus bank holidays, with the option to purchase additional days.
• Life Assurance and Private Healthcare for you and your family.
• Flexible benefits including Retail Discounts, Bike4Work scheme and Gym benefits.
• Opportunity to support a wide ranging CSR programme and 2 days’ volunteering leave per year.

Key Responsibilities

• Collaborate with CCR Methodology, Deutsche Bank Analytics (DBA) and IT teams to map effective end‑to‑end data flows and business processes.
• Support business processes such as margin and collateral modelling, model back‑testing and wrong‑way risk.
• Work with stakeholders from IT, CCR Strats and CRM to define realistic project plans, deliver end‑to‑end solutions and track progress.
• Translate plans into Agile Epics & Features and milestones.
• Define and review test cases as part of solution deployment to ensure implementation meets business requirements and expectations.
• Develop tools in Python to improve workflow, e.g. assessing impact runs.

Skills and Experience

• University degree in a relevant subject such as Physics, Chemistry, (Business) Mathematics, Computer Science, Finance or a similar discipline. MSc/PhD preferred.
• Experience in change projects relating to credit risk, counterparty credit risk or market risk is an advantage.
• Good understanding of capital market products such as securities and derivatives, and a keen interest in broadening horizons with regard to investment banking in global capital markets.
• Proficient in several computer languages (e.g. Python, SQL, or similar) for communicating with IT teams and implementing tools.
• Strong project leadership ability and motivation to drive large‑scale projects.
• Capacity to multi‑task and work under pressure.
• Excellent interpersonal skills with the ability to collaborate, partner with various teams and explain complex concepts effectively.

How we’ll support you

• Training and development to help you excel in your career.
• Coaching and support from experts in your team.
• A culture of continuous learning to aid progression.
• Flexible benefits that you can tailor to suit your needs.

About Us

Deutsche Bank is the leading German bank with strong European roots and a global network. Deutsche Bank in the UK is proud to have been named The Times Top 50 Employers for Gender Equality 2025 for six consecutive years. Additionally, we have been awarded a Gold Award from Stonewall and named in their Top 100 Employers 2024 for our work supporting LGBTQ+ inclusion. If you have a disability, health condition or require any adjustments during the application process, we encourage you to contact our Adjustments Concierge on [e-mail] to discuss how we can best support you. Alternatively, you can share your phone number and a member of the team will call you to talk through your specific requirements. 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. We welcome applications from all people and promote a positive, fair and inclusive work environment.