New York, New York

Position Overview

Job Title: Model Validation Specialist

Corporate Title: Assistant Vice President

Location: New York, NY

Overview

Deutsche Bank's Model Risk Management (MRM) Division works globally with all business and infrastructure divisions. MRM 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


Return to Office:

At this time, all individuals present in the location must be fully vaccinated for Covid-19
  • It is the Bank's expectation that employees hired into this role will work in the New York office in accordance with the Bank's hybrid working model
  • Deutsche Bank provides reasonable accommodations to candidates and employees with a substantiated need based on disability and/or religion


Hear from our people and look inside our office: DB@The Muse

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 Comprehensive Capital Analysis Review (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.

New York, New York

Our vision

We aspire to be the leading client-centric global universal bank

We serve shareholders best by putting our clients first and by building a global network of balanced businesses underpinned by strong capital and liquidity.

We value our German roots and remain dedicated to our global presence.

We commit to a culture that aligns risks and rewards, attracts and develops talented individuals, fosters teamwork and partnership and is sensitive to the society in which we operate.

Our values and beliefs

Integrity

  • We live by the highest standards of integrity in everything we say and do
  • We will do what is right – not just what is allowed
  • We communicate openly; we invite, provide and respect challenging views

Sustainable Performance

  • We drive value for shareholders by putting long-term success over short-term gain
  • We encourage entrepreneurial spirit which responsibly balances risk and returns
  • We pursue lasting performance by developing, nurturing and investing in the best talent and by managing based on merit

Client Centricity

  • We earn our clients’ trust by placing them at the core of our organization
  • We deliver true value by understanding and serving our clients’ needs best
  • We strive to pursue mutually beneficial client relationships in which the value created is shared fairly

Innovation

  • We foster innovation by valuing intellectual curiosity in our people
  • We enable our clients’ success by constantly seeking suitable solutions to their problems
  • We continuously improve our processes and platforms by embracing new and better ways of doing things

Discipline

  • We protect the firm’s resources by always thinking and acting like owners
  • We live by the rules and hold ourselves accountable to deliver on our promises – no excuses
  • We achieve operational excellence by striving to ‘get it right the first time’

Partnership

  • We build diverse teams to generate better ideas and reach more balanced decisions
  • We put the common goals of the firm before ‘silo’ loyalty by trusting, respecting and working with each other
  • We act as responsible partners with all our stakeholders and regulators, and in serving the wider interests of society

Our brand

Deutsche is clear: we are here to perform – in business and beyond. We do this with a unique mix of passion and precision. This measured approach gives us the confidence to enable agile minds to look beyond the obvious, gaining advantage for everyone we work with.