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Model Risk Control and Product Tagging Specialist

4 months ago


London, United Kingdom Deutsche Bank Full time

**Job Title **Model Risk Control and Product Tagging Specialist

**Location **London

**Corporate **Title **Vice President

The Chief Risk Office function (CROF) 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 and 2021).

The CROF 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.

As Model Risk Control and Product Tagging Specialist, you will be responsible for, liaising with senior stakeholders in Front Office trading, Pricing Analytics, Strats and model validation to progress strategic initiatives to remediate critical regulatory issues, approve the set-up of new products, and lead the build out of preventative controls for model risk control. Enforce tight model risk control environment to adhere to Bank wide model risk appetite.

**What we’ll offer you**

A healthy, engaged, and well-supported workforce are better equipped to do their best work, 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.

**Hybrid Working
**You can expect**:

- 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**
- Oversight of Run the Bank processes for model risk controls including product model usage, model parameters and model reserves calculations across the whole Bank’s trades portfolio
- Working with Trading, Strats and Model Risk Management to remediate legacy issues to improve the Model Risk Control environment
- Oversight of the product validation logic for new products in terms of the features on the trades and ensuring validation controls are in line with new product creation
- Developing your technical expertise to ensure you have the knowledge to face-off against technical experts in divisions outside of valuation control
- Facing off against regulators to present existing control framework as well as future enhancements

**Your skills and experience**
- Previous experience working with banking products and understanding how they are booked
- Experience in dealing with Front Office business leaders and Regulators on critical issues
- Experience in Pricing and modelling of derivative products
- Knowledge and understanding front-to-back architecture of Investment Banks
- Programming experience in Python, C++, and SQL an advantage

**How we’ll support you**
- Training and development to help you excel in your career
- Flexible working to assist you balance your personal priorities
- A culture of continuous learning to aid progression
- 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 and our teams**

Deutsche Bank is the leading German bank with strong European roots and a global network.

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.