Model Validation Specialist

2 months ago


London, UK, United Kingdom Deutsche Bank Full time
Job Description:

Job Title Model Validation Specialist

Location London

Corporate Title Vice President

Model Risk Management (End of Day Pricing Model Validation). The team is responsible for the Validation of Pricing models used in production by the Investment Banking trading desk. It covers all asset classes. In addition, the team is responsible for the validation of other models, like Reserve Methodologies, Fair Valuation Adjustments, the Liquidity Reserve Modelling etc.

What we'll offer you

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

You can expect:
  • Hybrid Working - we understand that employee expectations and preferences are changing. We have implemented a Hybrid Working Model that enables eligible employees to work remotely for a part of their working time and reach a working pattern that works for them
  • 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
  • Review and analyse mathematical assumptions of models used in Pricing Interest Rate Derivatives.
  • Review implementation methods, products traded in the IR markets, and the associated risks.
  • Responsible, where appropriate, for the review of models/payoffs of products independently implemented in a managed library. Python is usually used for testing. Prior knowledge of that would be helpful.
  • The outcome of review, analysis and independent implementation forms the basis of discussion with key model stakeholders including Front Office Trading; Front Office Quants; Market Risk Managers.
  • Additional responsibilities include active engagement with the due diligence aspects of the New Product Approval Process and involvement in bank wide strategic initiatives.
Your skills and experience
  • Educated to Bachelors degree level or equivalent qualification/relevant work experience, a Doctor of Philosophy (PhD) qualification in numerate subject such as Mathematics, Financial Mathematics, Physics or Statistics would be beneficial
  • Codding skills would be preferrable.
  • Previous work experience in related subjects would be preferrable.
  • Ability to communicate within the team and the stakeholders
How we'll support you
  • Training and development to help you excel in your career
  • Flexible working to assist you balance your personal priorities e.g. Coaching and support from experts in your team
  • 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

Deutsche Bank is the leading German bank with strong European roots and a global network. Click here to see what we do.

Deutsche Bank in the UK is proud to have been named in The Times Top 50 Employers for Gender Equality 2024 for five consecutive years. Additionally, we have been awarded a Gold Award from Stonewall and named in their Top 100 Employers 2024 for our work supporting LGBTQ+ inclusion.

We strive for a culture in which we are empowered to excel together every day. This includes acting responsibly, thinking commercially, taking initiative and working collaboratively.

Together we share and celebrate the successes of our people. Together we are Deutsche Bank Group.

We welcome applications from all people and promote a positive, fair and inclusive work environment.



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