Model Risk Intern

3 weeks ago

Mumbai, India Deutsche Bank Full time

**Job Title
- **MoRM Treasury Model Validation Specialist (NCT)**

**Location
- Mumbai**

**Role Description**

Within Deutsche Bank’s Risk division, Model Risk Management (MoRM) works globally with all business and infrastructure divisions. Model Risk Management’s mission is to manage, independently and actively, model risk globally in line with the bank's risk appetite with responsibility for:

- Performing robust independent model validation
- Ensuring early and proactive identification of Model Risks
- Designing and recommending Model Risk Appetite
- Effectively managing and mitigating Model Risks
- Establishing Model Risk metrics
- Designing and implementing a strong Model Risk Management and governance framework

**What we’ll offer you**

As part of our flexible scheme, here are just some of the benefits that you’ll enjoy
- Best in class leave policy
- Gender neutral parental leaves
- 100% reimbursement under childcare assistance benefit (gender neutral)
- Sponsorship for Industry relevant certifications and education
- Employee Assistance Program for you and your family members
- Comprehensive Hospitalization Insurance for you and your dependents
- Accident and Term life Insurance
- Complementary Health screening for 35 yrs. and above

**Your key responsibilities**
- Manage end-to-end process of model validation, such as, assessing the conceptual soundness of the model, core activities including conceptual soundness assessment, model testing; identifying issues and finalizing these issues as model findings; communicating model outcome with action points, while adhering with the regulatory requirements.
- Prepare high-quality validation reports which comprehensively articulate the validation findings and the concerned assessments performed.
- Effectively communicate assessments and findings with all relevant stakeholders including model users and owners as well as regulators and supervisory authorities.
- Actively contribute to the optimization of the validation process through automation, incorporating the regulatory changes and other initiatives across the model validation process.
- Support the model governance activities such as model inventory and model documentation.
- Effectively addressing issues raised by Governance, Audit and Regulators in assigned timeframe.
- Build relationships with Risk colleagues globally.
- Relationship with stakeholders and business associates, internal & external.
- Support for dealing with internal and external audit requests.
- Dealing with very critical issues and escalation.

**Your skills and experience**
- Degree in B.Tech/MBA/Masters in Finance, Econometrics, Mathematics, Statistics, or any related discipline.
- Any relevant experience in risk management domains
- such as, model validation or model development roles or monitoring, in any risk areas
- such as, credit risk, PPNR, market risk, liquidity risk, etc, would be desirable, but not mandatory.
- Any experience in performing data analysis and statistical tests in programming languages like Python, R, SAS, etc is desirable.
- Need to demonstrate capability to handle senior stakeholder communication effectively.
- Should have strong analytical abilities, presentation, and great attention to detail ability.
- Flexibility and ability to adapt changing processes.
- Experience of working with American or European counterparts will be advantageous.
- Professional certifications like FRM, CFA, CQF would be desirable, but not mandatory.

**How we’ll support you**
- Training and development to help you excel in your career
- Coaching and support from experts in your team
- A culture of continuous learning to aid progression
- A range of flexible benefits that you can tailor to suit your needs

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.

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