Model Validation Specialist

TN United Kingdom; London; Hybrid; GBP 60,000 - 100,000; Full time

Job summary

Join a leading financial institution as a Model Validation Specialist in London, where you will play a crucial role in model risk management. This position offers a unique opportunity to validate complex pricing models and ensure their effectiveness across the bank's risk architecture. You will work in a hybrid environment that promotes your development and well-being, with competitive salary packages and extensive benefits. This role is ideal for those with strong analytical skills and a passion for quantitative finance, where your contributions will directly impact the bank's valuation and risk strategies.

Benefits

Hybrid Working

Competitive salary

30 days’ holiday plus bank holidays

Life Assurance

Private Healthcare

Flexible benefits

Volunteering leave

Qualifications

• Post-graduate qualification in Mathematics, Physics, Statistics, or Finance.
• Experience in model validation or quantitative risk management.

Responsibilities

• Validating models and creating validation reports for market risk models.
• Reviewing methodologies for scenario generation and revaluation.

Skills

Mathematics

Statistics

Python

Quantitative Risk Management

Stochastic Calculus

PDEs

Monte Carlo Methods

Communication Skills

Education

Post-graduate qualification in a numerate subject

Tools

Python

Job description

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Location:

London, United Kingdom

Job Category:

Other

EU work permit required:

Yes

Job Reference:

1ff6b791d9f5

Job Views:

4

Posted:

02.05.2025

Expiry Date:

16.06.2025

Job Description:

Job Title: Model Validation Specialist

Location: London

Corporate Title: AVP

You will join the Model Risk Management (MoRM) team, which provides oversight and governance for senior managers of model analytics and their implementation into the risk architecture that drive valuation, risk, and stress results. Model Validation, as part of MoRM, is responsible for reviewing and analyzing all pricing models used for valuation and risk across the bank.

What we’ll offer you

We are committed to providing an environment focused on your development and wellbeing, enabling you to do your best work and enjoy your life inside and outside the workplace. You can expect:

• Hybrid Working - a flexible model allowing eligible employees 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 per year

Your key responsibilities

• Validating models and creating validation reports for market risk models
• Reviewing methodologies for scenario generation and revaluation in Profit & Loss stress testing and VaR
• Challenging the mathematical and theoretical soundness of models, checking implementation, and assessing suitability
• Supporting model developers and communicating with stakeholders throughout the model risk management lifecycle
• Reviewing model performance, applicability, and changes

Your skills and experience

• Post-graduate qualification (or equivalent) in a numerate subject such as Mathematics, Physics, Statistics, or Finance (PhD is not required but beneficial)
• Experience in model validation, quantitative risk management, or Front Office quantitative roles
• Strong mathematical skills with understanding of stochastic calculus, PDEs, Monte Carlo methods, and statistical techniques; knowledge of stress testing and VaR is a plus
• Proficiency in Python or similar languages
• Self-motivated, proactive, with excellent communication skills

How we’ll support you

• Training and development opportunities
• Flexible working arrangements
• Coaching from experts
• 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 strong European presence and a global network. We are committed to fostering a positive, fair, and inclusive work environment. We welcome applications from all backgrounds and promote diversity and inclusion.