Model Validation Specialist

21 hours ago


Mumbai Nirlon Knowledge Pk B India Deutsche Bank Full time ₹ 12,00,000 - ₹ 36,00,000 per year

Model Validation Specialist - Associate

Job Description:

In Scope of Position based Promotions (INTERNAL only)

Job Title: Model Validation Specialist- Derivative Pricing

Location: Mumbai, India

Role Description

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;
  • Creating bank-wide Market Risk policies
The Pricing Model Validation team as part of MoRM is responsible for the independent review and analysis of all derivative pricing models used for valuation and pricing across the bank.

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

  • The role is to independently review and analyse derivative models for pricing and risk management across Credit, Securitization and Research domains.
  • The role as a Quantitative Analyst in Mumbai will work closely with the pricing validation team in London and Berlin to produce, analyse and document validation testing.
  • Reviews and analysis require a good understanding of the mathematical models used, implementation methods, products traded in these markets, and the associated risks.
  • The outcome of review and analysis and independent implementation will form the basis of discussion with key model stakeholders including Front Office Trading; Front Office Quants; Market Risk Managers; and Finance Controllers.

Your skills and experience

  • Excellent mathematical ability with an understanding of Stochastic Calculus, Partial Differential Equations, Monte-Carlo Methods, Finite Difference Methods, and Numerical Algorithms.
  • Strong interest in financial markets (especially derivative pricing) demonstrated by qualifications and/or experience.
  • Experience coding in a high-level language especially Python.
  • Excellent communication skills – both written and oral.
  • Overall 3-6 years of experience in model development, market risk or model validation.

Education/Qualifications

  • Academic degree in a quantitative discipline (e.g. Mathematical Finance / Statistics, Maths, Physics, Engineering) with a focus on application.

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

About us and our teams

Please visit our company website for further information:

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.

Experience LevelExecutive Level

  • Mumbai Nirlon Knowledge Pk B, India Deutsche Bank Full time ₹ 12,00,000 - ₹ 36,00,000 per year

    Model Validation Analyst - NCT Job Description: In Scope of Position based Promotions (INTERNAL only) Job Title: Model Validation Analyst - NCT Location: Mumbai, India Role Description Model Risk Management's mission is to manage, independently and actively, model risk globally in line with the bank's risk appetite with responsibility...


  • Mumbai Nirlon Know. Pk B, India Deutsche Bank Full time ₹ 12,00,000 - ₹ 36,00,000 per year

    MoRM Americas Model Validation Specialist - Associate Job Description: In Scope of Position based Promotions (INTERNAL only) Job Title: MoRM Americas Model Validation Specialist - Associate Location: Mumbai, India Role Description Model Risk Management's mission is to manage, independently and actively, model risk globally in line with the...


  • Mumbai Nirlon Know. Pk B, India Deutsche Bank Full time ₹ 12,00,000 - ₹ 36,00,000 per year

    Job Description:In Scope of Position based Promotions (INTERNAL only) Job Title: MoRM Americas Model Validation Specialist - AssociateLocation: Mumbai, IndiaRole DescriptionModel 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...


  • Mumbai Nirlon Knowledge Pk B, India Deutsche Bank Full time ₹ 12,00,000 - ₹ 24,00,000 per year

    Senior Analyst, MoRM (DIPL), NCT Job Description: In Scope of Position based Promotions (INTERNAL only) Job Title - Senior Analyst, MoRM (DIPL), NCT Location - Mumbai, India Role Description Model Risk Management's mission is to manage, independently and actively, model risk globally in line with the bank's risk appetite with responsibility...


  • Mumbai, India Investec Full time

    Investec is a distinctive Specialist Bank serving clients principally in the UK and South Africa. Our culture gives us our edge: we work hard to find colleagues who'll think out of the ordinary and we put them in environments where they'll flourish. We combine a flat structure with a focus on internal mobility. If you can bring an entrepreneurial spirit...


  • Mumbai, India Investec Full time

    Investec is a distinctive Specialist Bank serving clients principally in the UK and South Africa. Our culture gives us our edge: we work hard to find colleagues who'll think out of the ordinary and we put them in environments where they'll flourish. We combine a flat structure with a focus on internal mobility. If you can bring an entrepreneurial spirit...

  • Risk Specialist

    1 day ago


    Mumbai Nirlon Knowledge Pk B, India Deutsche Bank Full time ₹ 12,00,000 - ₹ 36,00,000 per year

    Risk Specialist, NCT Job Description: In Scope of Position based Promotions (INTERNAL only Job Title: Risk Specialist, NCT Location: Mumbai, India Role DescriptionMarket and Valuation Risk Management (MVRM) provides an independent view of market risks and valuation to Deutsche Bank's senior management. Market risk team manages Deutsche Bank's...


  • Mumbai, India Deutsche Bank Full time

    In Scope of Position based Promotions (INTERNAL only) Job Title: Model Validation Specialist- Derivative Pricing Location: Mumbai, India Role Description 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;...


  • Mumbai, India Deutsche Bank Full time

    In Scope of Position based Promotions (INTERNAL only) Job Title: Model Validation Specialist- Derivative Pricing Location: Mumbai, India Role Description 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;...


  • Mumbai, India RAREFIND HR CONSULTING PRIVATE LIMITED Full time

    Job Description Modelling experience: Considerable experience in model validation of, at a minimum, PD, EAD and LGD models for IRB and/or IFRS 9 across retail and/or corporate portfolios. Coding proficiency: Demonstrable proficiency of coding in the Python programming language and supporting environments (e.g. Visual Studio). Experience: Minimum 10 years...