MoRM Americas Model Validation Specialist

Job ID: R0400966

Full/Part-Time: Full-time

Regular/Temporary: Regular

Listed:

Location: Mumbai

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 bank's risk appetite with responsibility for:

• Performing robust independent model validation;
• Ensuring early and proactive identification of Model Risks;
• Effectively managing and mitigating Model Risks;
• Establishing Model Risk metrics;
• Designing and implementing a strong Model Risk Management and governance framework;
• Supporting bank-wide Model Risk-related policies.

This role spans all aspects of validation applicable to the portfolio of estimation approaches within the Deutsche Bank Combined US Operations ('CUSO') across all relevant business units and risk types.

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 core responsibility will be to validate IB Stress testing models used within the larger CCAR PPNR umbrella for DB USA. It's important for incumbent to grasp and understand Investment Banking side of the bank's business.
• However, the role might necessitate model validator to be flexible in moving around different risk areas within US model validation team outside of core area of responsibility.
• Key tasks include, but not limited to model performance testing, scenario analysis, sensitivity analysis, and conceptual assessment of model assumptions/limitations/weaknesses.
• Developing challenger models including independent data collection and by performing complex analysis and testing.
• Follow regulatory guidelines and the Bank's policies and procedures for model risk management, especially CCAR-specific guidelines.
• Bringing efficiency by automating processes and uplifting frameworks.

Your skills and experience

• 3-6 years of professional experience in model development/ validation or related areas.
• Previous experience in stress testing (DFAST/CCAR/ICAAP) would be a plus.
• Ability to analyse and understand financial statements (Balance sheet, Income statement) will be advantageous.
• Candidate needs to have decent knowledge about financial products and the associated risk factors.
• Candidate needs to have above average report drafting skills and should be able to independently compile model validation reports, follow-through on mitigation of validation findings, and documentation thereof.
• Very strong data management and analysis skills with experience in relevant software packages, e.g., R and Python.
• Good presentation & communication skills
• Candidates with Mathematics/Statistics/Economics/Engineering/ MBA or allied background holding Graduate/Post-Graduate degrees are preferred.
• CFA / FRM certification will be a plus for the role.

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.