DWS Senior Risk Analyst – Model Validation

Deutsche Bank AG; Bengaluru; On-site; INR 1,800,000 - 3,200,000; Full time

Benefits offered by this job

Best in class leave policy

Gender neutral parental leaves 100% N

Sponsorship for certifications

Employee Assistance Program

Hospitalization Insurance

Life Insurance

Health screening 35 yrs+

Job summary

DWS Group in Bangalore, India is seeking a Senior Risk Analyst – Model Validation to lead validations of internal and vendor models, ensuring compliance with regulatory guidance and internal policies.

The role requires strong quantitative skills, proficiency in Python or C++, and experience across FX, rates and equities. You will collaborate with multiple teams, prepare reports, and mentor junior analysts in a diverse workplace.

Qualifications

• Post-graduate degree in a quantitative field (physics, maths, statistics, economics, engineering) or equivalent industry experience.
• Strong programming skills in Python or C++ required.
• Experience validating or developing valuation or risk models across FX, rates and equities.
• Experience in risk management and model validation in investments, consulting or banking.

Responsibilities

• Conduct model validations on DWS models (in-house and vendor) per regulatory guidance, and prepare validation reports.
• Collaborate with teams on model assumptions and limitations to ensure models are fit for purpose.
• Carry out independent model reviews on complex topics per business and regulatory needs.
• Review ongoing model monitoring reports, identify model risk, document findings to stakeholders, evaluate corrective actions.
• Build benchmark models and design backtesting to test model assumptions.
• Provide guidance to junior team members.

Skills

Quant risk mgmt

Model validation

Model development

Python

C++

SQL

R

MATLAB

Education

Postgraduate degree in quantitative field

Tools

SAS

MATLAB

Job description

Job Title: DWS Senior Risk Analyst – Model Validation

Corporate Title: Associate

Location: Bangalore, India

Role Description

DWS Group (DWS) is one of the world's leading asset managers with EUR 1190 bn of assets under management (as of 30 June 2026). Building on more than 70 years of experience, it has a reputation for excellence in Germany, Europe, the Americas and Asia. DWS is recognised by clients globally as a trusted source for integrated investment solutions, stability and innovation across a full spectrum of investment disciplines. We offer individuals and institutions access to our strong investment capabilities across all major asset classes and solutions aligned to growth trends. Our diverse expertise in Active, Passive and Alternatives asset management – as well as our deep environmental, social and governance focus – complement each other when creating targeted solutions for our clients. Our expertise and on-the-ground-knowledge of our economists, research analysts and investment professionals are brought together in one consistent global CIO View, which guides our investment approach strategically.

What we’ll offer you

• Best in class leave policy.
• Gender neutral parental leaves 100% reimbursement under childcare assistance benefit (gender neutral)
• Sponsorship for Industry relevant certifications and education
• Employee Assistance Program for you and your family members
• Comprehensive Hospitalization Insurance for you and your dependents
• Accident and Term life Insurance
• Complementary Health screening for 35 yrs. and above

Your key responsibilities

• Conducting model validations on the DWS models, both in-house and vendor models, based on regulatory guidance, internal policy and procedures and best industry practice and communicate findings and recommendations to model owners and prepare the model validation reports.
• Working closely with various teams on topics including model assumptions and limitations to ensure models remains fit for purpose.
• Carry out independent model reviews on complex topics in accordance with business needs and regulatory requirements.
• Review ongoing model monitoring reports, finding closures, identify potential model risk and document the findings to key stakeholders while evaluating the corrective actions.
• Building benchmark models used across the model validation team, design backtesting or other methodologies to test the conceptual soundness of model assumptions.
• Provide guidance to junior members of the model validation team.

Your skills and experience

• Strong experience in quantitative risk management, model validation or model development from across the Investments, Consulting or Banking industry with sound experience of validating or developing valuation or risk models across asset classes such as FX, Rates and Equities Educated to post-graduate degree level in a quantitative field such physics, mathematics, statistics, economics or engineering, or with relevant industry experience / professional qualification.
• Strong quantitative skills across programming languages such as R, SQL, C++, SAS, Python, MATLAB.
• Expertise in at least one of Python or C++ is essential.
• Solid understanding of valuation methods, capital markets, portfolio theory and risk management
• Excellent verbal and written communications skills -- previous experience of writing either technical documentation related to model validation or development or independent peer-reviewed research articles.
• Proven ability to leverage AI tools to enhance productivity, optimise workflows to solve business problems, while applying critical judgment to ensure responsible and ethical use of data and AI outputs.

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.
• A range of flexible benefits that you can tailor to suit your needs.

About us and our teams

Please visit our company website for further information: https://www.db.com/company/company.html We at DWS are committed to creating a diverse and inclusive workplace, one that embraces dialogue and diverse views, and treats everyone fairly to drive a high-performance culture. The value we create for our clients and investors is based on our ability to bring together various perspectives from all over the world and from different backgrounds. It is our experience that teams perform better and deliver improved outcomes when they are able to incorporate a wide range of perspectives. We call this #ConnectingTheDots. At DWS, we’re capturing the opportunities of tomorrow. You can be part of a leading, client-committed, global Asset Manager, making an impact on individuals, communities and the world. In an ever-changing landscape, markets face a new set of pressures – but here, we see the opportunity in challenges. Opportunity to invest responsibly; to create change. Whether it’s collaborating to discover innovative solutions or exploring your curiosity to develop new skills – at DWS, we support you to achieve your goals. As the world continues to evolve, we do too. Join us, and you can shape our transformation. You can collaborate with industry thought-leaders, gaining new and diverse perspectives. You can share ideas and be yourself. You can drive innovative and sustainable solutions that influence markets and behaviours for the better. This is your chance to lead an extraordinary career. This is your chance to invest in your future.