Model Validation Specialist

Deutsche Bank; London; Hybrid; GBP 60,000 - 100,000; Full time

Job summary

An established industry player is seeking a Model Validation Specialist to join their Model Risk Management team. This role involves validating models used for valuation and risk, ensuring their mathematical soundness, and collaborating with stakeholders. The company offers a supportive environment with hybrid working options, competitive salary, and a range of benefits including life assurance and private healthcare. If you have a strong background in quantitative finance and model validation, this is an exciting opportunity to contribute to a leading bank's risk management efforts.

Benefits

Hybrid Working

Competitive salary

30 days’ holiday plus bank holidays

Life Assurance

Private Healthcare

Flexible benefits

Gym benefits

Volunteering leave

Qualifications

• Post-graduate qualification in a numerate subject; PhD is a plus.
• Experience in model validation, risk management, or quantitative finance.

Responsibilities

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

Skills

Model Validation

Risk Management

Quantitative Finance

Mathematical Skills

Python Programming

Communication Skills

Education

Post-graduate qualification in Mathematics, Physics, Statistics, or Finance

PhD in relevant field (optional)

Job description

Join to apply for the Model Validation Specialist role at Deutsche Bank.

Position Overview

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 drives 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 creating a supportive environment for your development and wellbeing. You can expect:

• Hybrid Working: flexible remote work arrangements
• 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 like Retail Discounts, Bike4Work scheme, Gym benefits
• Support for CSR activities 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
• Assessing the mathematical and theoretical soundness of models and their implementation
• Supporting model developers and communicating with stakeholders on model risk management
• Reviewing model performance, applicability, and changes

Your Skills And Experience

• Post-graduate qualification or equivalent in a numerate subject (e.g., Mathematics, Physics, Statistics, Finance); PhD is a plus but not required
• Experience in model validation, risk management, or quantitative finance roles
• Strong mathematical skills including stochastic calculus, PDEs, Monte Carlo methods, numerical algorithms, and statistical methods; knowledge of stress testing and VAR is beneficial
• Proficiency in Python or similar programming languages
• Excellent communication skills and proactive team orientation

How We’ll Support You

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

About Us

Deutsche Bank, a leading German bank with global reach, values responsibility, collaboration, and diversity. We are proud to be recognized for our commitment to gender equality and LGBTQ+ inclusion.

Additional Details

• Seniority level: Not Applicable
• Employment type: Full-time
• Job function: Business Management and Development