Valuation Control Quantitative Strategist

Deutsche Bank; Greater London; Hybrid; GBP 90,000 - 150,000; Full time

Benefits offered by this job

Hybrid Working

Pension (non-contributory)

30 days holiday + bank holidays

Life Assurance

Private Healthcare

Flexible Benefits

CSR volunteering leave

Job summary

Deutsche Bank in London seeks a Valuation Control Quantitative Strategist VP to advance model methodology and implement valuation controls, prudent valuation, and back-testing, collaborating with traders and risk managers.

You will develop production applications in Python and C++, ensure calculation accuracy, and document models for regulatory compliance, with a hybrid working pattern and strong remuneration.

Qualifications

• Master’s degree in a quantitative discipline.
• Prior work experience related to finance.
• Familiarity with derivatives pricing models.
• Strong coding development capabilities in Python or C++.
• Experience with source code control, unit-testing, regression testing, release and deployment controls.
• Excellent interpersonal and communication skills.

Responsibilities

• Contribute to the development of model methodology, provide quantitative and qualitative justification for modelling choices.
• Participate in the development of production applications implemented in Python and C++.
• Maintain a rigorous focus on system stability, and completeness and accuracy of calculations, as applications are developed, and continue with this focus as they are used in production.
• Contribute to creating regulatory compliant model documentation for new models and model changes.
• Analyse and explain calculated numbers, collaborate with traders, risk managers and strategist colleagues to continuously improve models and risk management and pricing tools.

Skills

Python or C++ coding

Derivatives pricing knowledge

Source control / unit-testing / CI

Communication skills

Team collaboration

Education

Master’s degree in Mathematics/Physics/Finance/CS

Tools

Git

CI/CD / Release controls

Job description

Position Overview

Job Title Valuation Control Quantitative Strategist

Location London

Corporate Title Vice President

Group Strategic Analytics (GSA) is part of Group Chief Operation Office (COO) which acts as the bridge between Deutsche Bank’s businesses and infrastructure functions to help deliver the efficiency, control, and transformation goals of the Bank. GSA concentrates Deutsche Bank’s quantitative and modelling expertise within a single unit. With group-wide responsibility for model development GSA takes a cross-business and cross-functional approach to solving quantitative modelling and analytics challenges and rolls out common development standards. You will join the Market Risk Strats unit within GSA, which is a team comprised of people with technology, front office quant and risk methodology experience. Your focus will be on methodology development and implementing models for Valuation Control, including model reserves, prudent valuation (PruVal), fair value reserves, and transactions based back-testing. In addition, the successful candidate would participate in the build of a system for capital and reserve reporting and optimization that will be deployed to Valuation Control, Finance, and Trading. We expect you to participate in the conceptualization and design as well as the implementation of the solutions.

What We’ll Offer You

A healthy, engaged and well-supported workforce are better equipped to do their best work and, more importantly, enjoy their lives inside and outside the workplace. That’s why we are committed to providing an environment with your development and wellbeing at its centre.

You can expect:

• Hybrid Working - we understand that employee expectations and preferences are changing. We have implemented a model that enables eligible employees to work remotely for a part of their working time and reach a working pattern that works for them
• 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
• A range of flexible benefits including Retail Discounts, a Bike4Work scheme and Gym benefits
• The opportunity to support a wide ranging CSR programme + 2 days’ volunteering leave per year

Your Key Responsibilities

• Contribute to the development of model methodology, provide quantitative and qualitative justification for modelling choices.
• Participate in the development of production applications implemented in Python and C++
• Maintain a rigorous focus on system stability, and completeness and accuracy of calculations, as applications are developed, and continue with this focus as they are used in production.
• Contribute to creating regulatory compliant model documentation for new models and model changes.
• Analyse and explain calculated numbers, collaborate with traders, risk managers and strategist colleagues to continuously improve models and risk management and pricing tools.

Your Skills And Experience

• Master’s degree in a quantitative discipline – Mathematics, Physics, Finance, or, Computer Science.
• Prior work experience related to finance.
• Familiarity with derivatives pricing models.
• Strong coding development capabilities – either in Python or C++
• Proven ability to contribute to a large team development project. Experience with source code control, unit-testing, regression testing, release and deployment controls.
• Excellent interpersonal and communication skills with the ability to explain complex details

How We’ll Support You

• A culture of continuous learning to aid progression
• A range of flexible benefits that you can tailor to suit your needs
• We value diversity and as an equal opportunities’ employer, we make reasonable adjustments for those with a disability such as the provision of assistive equipment if required (e.g. screen readers, assistive hearing devices, adapted keyboards)

About Us

Deutsche Bank is the leading German bank with strong European roots and a global network. Click here to see what we do.

Deutsche Bank in the UK is proud to be named in The Times Top 50 Employers for Gender Equality and has been awarded a Gold Award from Stonewall and named in their Top 100 Employers.

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.

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.