Quantitative Analyst (m/f/x) - Algo Trading Model Validation Specialist

Position Overview

CRO Overview
The Chief Risk Office function has Group-wide responsibility for the management and control of all credit, market, operational, enterprise and liquidity risks and has the responsibility of continual development of methods for risk measurement, frameworks and creating a bank wide strong risk culture. Deutsche Bank has been named 'Bank Risk Manager of the Year' by the leading publication risk.net for the second consecutive year (2020 & 2021).

Overview
You will join the Model Risk Management (MoRM) team which provides independent 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 the independent review and analysis of all pricing and algo trading models used for valuation and risk across the bank.

As a Model Validation Specialist you will be responsible for validating models. You will validate the appropriateness of model usages as well as its appropriateness for the existing internal and external banking environment and, if required, carries out your own analysis to assess the models. You will be responsible for creating validation reports.

What You'll Do
You will

• Review, analyse and perform robust independent model validation for algo trading models
• Perform model validation testing and derive conclusions resulting in a proper assessment of the model risk involved
• Review and study the mathematical models used, implementation methods, products traded in these markets, and the associated risks
• Present outcomes from reviews and studies in high quality reports to key model stakeholders including: Front Office Trading; Front Office Quants

Skills You'll Need

• Academic degree (Masters, PhD) in a quantitative discipline (e.g. Mathematical Finance / Statistics, Maths, Physics, Engineering) with preferably a focus on applications.
• Relevant experience (+2 years) either as a model developer or validator.
• You have highly analytical skills, deep understanding of mathematical/statistical models and their implementation in finance.
• Experience in scientific programming and data visualization in Python or R.
• Experience in working with tick data databases for validation analysis is preferred
• You have a hands-on-mentality, good communication skills, you are able to work independently and as a part of a larger team.

What we will offer you:
https://careers.db.com/explore-the-bank/working-environment/benefits-wellbeing/
Please note that this may vary slightly from location to location.

In case of any recruitment related questions, please get in touch with Andreas Vogel.
Contact: Andreas Vogel ( +49 151 27727513)

Unsere Werte bestimmen das Arbeitsumfeld, welches wir schaffen möchten - vielfältig, wertschätzend und offen für verschiedene Meinungen. Nur eine Unternehmenskultur, die eine Vielzahl von Perspektiven, sowie kulturellen und gesellschaftlichen Hintergründen vereint, fördert Innovation. Wir setzten auf vielfältige Teams, in welchen die Menschen ihr volles Potential entfalten können - denn das Zusammenführen verschiedener Talente und Ideen spielt eine entscheidende Rolle für den geschäftlichen Erfolg der Deutschen Bank.

Unsere Unternehmenskultur setzt hohe ethische Standards und fördert ein gutes Miteinander. Unabhängig von kulturellem Hintergrund, Nationalität, ethnischer Zugehörigkeit, geschlechtlicher und sexueller Identität, körperlichen Fähigkeiten, Religion und Generation freuen wir uns über Bewerbungen talentierter Menschen.
Sprechen Sie uns an: Wir bieten flexible Arbeitszeitmodelle und weitere Zusatzleistungen, um Sie in Ihrem Berufsleben zu unterstützen.

Klicken Sie hier für weitere Informationen zu Vielfalt und Teilhabe in der Deutschen Bank.