Front Office Quantitative Risk Manager/ Model Owner

1 month ago

Pune, India E902 DWS India Private Limited, Maharashtra Branch Full time

Description

:

Risk Methodology is a quantitative profession path responsible for the detailed research, implementation, testing, calibration, and documentation of the Group's risk management models. Work includes:

Preparation of documentation for new models and model changes Performance of statistical analysis to develop risk models Creation of detailed methodology documentation Test model components to ensure they perform as intended and are appropriate for the intended business purpose Perform on-going model performance reviews, including research into data quality, market data and mapping rules. Risk methodology role holders will either code the model algorithms themselves or specify the functional requirements for a third party to implement.

DWS Group (DWS) is one of the world's leading asset managers with €859bn of assets under management (as of June 2023). Building on more than 60 years of experience, it has a reputation for excellence in the Americas, Germany, Europe, and Asia. DWS is recognized by clients globally as a trusted source for integrated investment solutions, stability, and innovation across a full spectrum of investment disciplines.

We offer individuals and institutions access to our strong investment capabilities across all major asset classes and solutions aligned to growth trends. Our diverse expertise in Active, Passive and Alternatives asset management – as well as our deep environmental, social and governance focus – complement each other when creating targeted solutions for our clients. Our expertise and on-the-ground-knowledge of our economists, research analysts and investment professionals are brought together in one consistent global CIO View, which guides our investment approach strategically.

DWS wants to innovate and shape the future of investing: with approximately 3,500 employees in offices all over the world, we are local while being one global team. We are investors – entrusted to build the best foundation for our clients’ future.

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

Test, develop, and document for DWS models (in-house and vendor). Design and execute compensating controls for identified model weaknesses. Manage and enhance existing risk models to better support the Investment and Product Divisions with high quality risk analytics and results. Support management, coordination and documentation of model developments, new releases, model updates in collaboration with the model vendor and other DWS key stakeholders such as Investment Divisions. Support the development and enhancement of the Model Risk Program for Investment Risk for liquid products, including development of new processes and procedures to ensure adequate model risk governance on a global level.

Your skills and experience

University (master) degree, preferably in Mathematics / Statistics / Quantitative Finance / Physics, or similar background; PhD is considered a plus Minimum 4 years of proven experience in financial industry (Model Development, Model Validation, Valuation, Risk Management, or Portfolio Management) Proven experience with analytical models for financial instruments Proven experience in process design & implementation is considered a plus Proven experience with risk systems and models from external vendors is considered a plus Knowledge about different regulatory frameworks regarding Model Risk for Asset Managers is seen as a plus

Competencies

Strong knowledge of financial instruments including related analytics Strong analytical skills (quantitative and qualitative) Strong communication skills Programming skills (e.g. Python / Matlab / R) as well as database usage (SQL) Interest in working in an international environment with excellent command of English language (written and spoken skills), German is considered a plus Proactive mind-set to propose process improvements and new solutions, including ability to lead negotiations with different internal and external stakeholders

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

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