Risk Methodology Specialist (m/f/x)

Position Overview

Details of the role and how it fits into the team
The Risk division has the fundamental responsibility to protect the Bank. With group-wide responsibility for the management and control of credit, market, operational and reputational risks, we have a unique vantage point, which allows us a holistic view of our businesses and our clients. Nearly 4,000 employees work together to achieve our ambition to be an industry-leading risk management organisation.

The Risk Methodology (RM) division is instrumental in developing and managing Deutsche Bank's risk valuation methodologies, thereby providing risk managers with fit-for-purpose tools when it comes to allocating resources, managing risk appetite and making well-judged credit decisions. In addition, Risk Methodology ensures that all models developed within the division fulfil requirements relating to regulatory and economic capital calculations.

Within RM, LGD/CCF Methodology team is primarily responsible for the calibration of Loss-Given-Default (LGD) and Credit Conversion Factors (CCF) parameters across all credit portfolios of Deutsche Bank Group. You will work in an environment that encourages an open communication, provides a mature feedback culture and offers employees a wide range of options to balance the requirements of the workplace with their personal and family needs.

Your key responsibilities
Methodology related tasks: complex analysis, evaluation & decision-making

• Development/ calibration and maintenance of rating methodologies for the credit risk parameters for both retail and wholesale portfolios of the Deutsche Bank.
• Implementation of EBA requirements and other existing and upcoming regulations to modelling of IRB-A credit risk parameters (CRR, EBA GL to PD/LGD, ECB guide to internal models, Basel III/IV, etc.).
• Resolution of regulatory and internal findings related to the methodology of credit risk parameters or related models.

Data processing: Collecting complex information and processing it ready for decision-making

• Efficient processing of large datasets for the purpose of model development or related statistical analyses.
• In-depth analysis of the underlying data, identification of data deficiencies and addressing them.
• Extensive data and statistical analyses for quantifying credit risk and decision-making.

Your skills and experiences
Education and Experience:

• Relevant university degree (Master) in a quantitative discipline (e.g. Mathematical Finance/ Statistics/ Econometrics) with focus on applications and relevant professional experience necessary or
• Relevant university degree (PhD) in a quantitative discipline (e.g. Mathematical Finance/ Statistics/ Econometrics) necessary

Competencies and Practical Skills:

• Practical knowledge of the modeling of credit risk parameters (PD, LGD, CCF).
• Strong IT / data management skills and advanced experience with relevant statistical and other software packages (SAS, Python).
• Strong analytical skills and ability to solve problems efficintly while acting independently and proactively

Personal Characteristics and Social Skills:

• Ability to work efficiently and professionally under tight timelines, provide structured results on a short notice or/and under stressful circumstances.
• Ability to work in a self-reliant independent manner as well as a part of a large team.
• Ability to learn on the job, proactively acquire new skills or improve the existing ones.
• Ability to process and structure large amount of information and prioritize tasks in line with set objectives.
• Excellent written and verbal skills in English.

The position is advertised full-time .

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 Stefan Fricke.

Contact: Stefan Fricke (+49(69)910- 60286 )

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.

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