Model Risk Framework Lead, within Model Risk Governance & Control team

Deutsche Bank; London; Hybrid; GBP 85,000 - 120,000; Full time

Job summary

Deutsche Bank is seeking a Model Risk Framework Lead for the Model Risk Governance & Control team. This Vice President role focuses on ensuring the appropriateness of the Model Risk framework, fostering stakeholder collaboration, and optimizing model risk initiatives in a hybrid work environment.

Benefits

Hybrid Working: Flexibility to work remotely part of the time

Competitive salary and non-contributory pension

30 days’ holiday plus bank holidays

Life Assurance and Private Healthcare

Flexible benefits including Retail Discounts, Bike4Work, Gym benefits

Support for CSR initiatives and 2 days’ volunteering leave annually

Qualifications

• Relevant professional experience in finance or consulting.
• Understanding of risk management governance, especially model risk.
• Ability to drive initiatives and design controls.

Responsibilities

• Ensure policy and procedures meet regulatory standards.
• Build relationships with stakeholders for practical decision-making.
• Support model risk initiatives and represent risks in regulatory initiatives.

Skills

Strong analytical skills

Problem-solving

Independent work

Teamwork

Job description

Job Title: Model Risk Framework Lead, within Model Risk Governance & Control team

Location: London

Corporate Title: Vice President

The Chief Risk Office function has Group-wide responsibility for the management and control of all credit, market, model, operational, enterprise, and liquidity risks. It also develops methods for risk measurement, frameworks, and fosters a strong risk culture across the bank.

Within Model Risk Management, the Governance and Control team is responsible for designing group-level frameworks, assessing portfolio model risk, and managing model risk governance forums and processes. As Model Risk Framework Lead, you will ensure that the Model Risk framework is appropriate for the bank.

What we’ll offer you

We are committed to providing an environment focused on your development and wellbeing. Expect:

• Hybrid Working: Flexibility to work remotely part of the time
• Competitive salary and non-contributory pension
• 30 days’ holiday plus bank holidays, with options to purchase additional days
• Life Assurance and Private Healthcare for you and your family
• Flexible benefits including Retail Discounts, Bike4Work scheme, and Gym benefits
• Support for CSR initiatives and 2 days’ volunteering leave annually

Your key responsibilities

• Ensure Policy, Procedure, and related documents meet regulatory standards, align with best practices, and comply with internal governance.
• Build relationships with stakeholders, including Model Developers and Model Users, to incorporate feedback and ensure practical decision-making.
• Represent the department in bank-wide governance forums and initiatives.
• Collaborate with stakeholders and IT to align processes and articulate controls.
• Support model risk initiatives, controls optimization, stakeholder training, and represent Model Risk in regulatory initiatives.

Your skills and experience

• Relevant professional experience in finance or consulting
• Understanding of risk management governance, especially model risk or modeling use
• Strong analytical and problem-solving skills, capable of working independently and in teams
• Ability to drive initiatives and design controls

How we’ll support you

• Training and development opportunities
• Flexible working arrangements
• Culture of continuous learning
• Flexible benefits tailored to your needs
• Inclusive environment with reasonable adjustments for disabilities

About us

Deutsche Bank is a leading German bank with a global presence. We promote a positive, fair, and inclusive work environment and welcome applications from all backgrounds.