Model Validation Specialist – Vice President

Job ID:R0110372 Full/Part-Time: Full-time

Regular/Temporary: Regular Listed: 2020-12-22

Location: New York

Position Overview

Corporate Title: Vice President

Location: New York, NY

Overview

Within Deutsche Bank’s Risk division Model Risk Management (MoRM) works globally with all business and infrastructure divisions. Our international team is located in Frankfurt, Berlin, London and New York.

MoMR is responsible for independent model validation across all risk types, the measurement and reporting of model risk across Deutsche Bank and for conducting strong model risk governance.

This role spans all aspects of quantitative model validation applicable to the US portfolio of Deutsche Bank across all business units and across all risk types.

What We Offer You:

We offer competitive health and wellness benefits, empowering you to value life in and out of the office

Retirement savings plans, parental leave, and other family-friendly programs

An environment that encourages networking and collaboration across functions and businesses

Active engagement with the local community through Deutsche Bank’s specialized employee groups

Hear from our people and look inside our offices: DB@TheMuse

Your Key Responsibilities:

Subject matter expert and owner of regular validation of models and methodologies within a specific risk and/or model category (including pre-provision net revenue (PPNR) projection models as well as models in credit, market, operational, and liquidity risk among others)

Independent compilation of detailed validation reports, follow-through on mitigation of validation findings and documentation thereof

Development of challenger models and methodologies (as part of the validation and within a specific risk category) including independent data collection and complex statistical analysis and testing

Directly interact with auditors/regulators as subject matter expert for assigned models

Development of subject-matter/technical expertise on model validation and training of team members

Ensure regulatory compliance specific to SR11-7 guidance for model risk management

Your Skills and Experience:

Professional experience in quantitative model development or validation is a requirement

Quantitative modeling or validation experience in the field of financials or insurances is a plus

Experience in stress testing, DFAST or CCAR is a plus

Graduate degree in mathematics, statistics, physics, econometrics or engineering is a requirement. PhD desirable

Very strong data management and analysis skills with experience in relevant software packages, e.g. MS Excel, MS Access, VBA, SQL, Matlab, R and SAS. Experience with additional programming languages is a plus, e.g. C++, Python

Our values define the working environment we strive to create – diverse, supportive and welcoming of different views. We embrace a culture reflecting a variety of perspectives, insights and backgrounds to drive innovation. We build talented and diverse teams to drive business results and encourage our people to develop to their full potential. Talk to us about flexible work arrangements and other initiatives we offer.
We promote good working relationships and encourage high standards of conduct and work performance. We welcome applications from talented people from all cultures, countries, races, genders, sexual orientations, disabilities, beliefs and generations and are committed to providing a working environment free from harassment, discrimination and retaliation.

Click here to find out more about diversity and inclusion.

We are an Equal Opportunity Employer – Veterans/Disabled and other protected categories. Click these links to view the following notices: “EEO is the Law poster” and supplement ; Employee Rights and Responsibilities under the Family and Medical Leave Act ; Employee Polygraph Protection Act and Pay Transparency Nondiscrimination Provision .