Deutsche Bank
Job title:
Model Validation Lead – VP
Company
Deutsche Bank
Job description
Job Description:Job Title Model Validation LeadLocation LondonCorporate Title Vice PresidentModel Risk Management (End of Day Pricing Model Validation). The team is responsible for the Validation of Pricing models used in production by the Investment Banking trading desk. It covers all asset classes. In addition, the team is responsible for the validation of other models, like Reserve Methodologies, Fair Valuation Adjustments, the Liquidity Reserve Modelling etc.What we’ll offer youA healthy, engaged and well-supported workforce are better equipped to do their best work and, more importantly, enjoy their lives inside and outside the workplace. That’s why we are committed to providing an environment with your development and wellbeing at its centre.You can expect:Hybrid Working – we understand that employee expectations and preferences are changing. We have implemented a that enables eligible employees to work remotely for a part of their working time and reach a working pattern that works for themCompetitive salary and non-contributory pension30 days’ holiday plus bank holidays, with the option to purchase additional daysLife Assurance and Private Healthcare for you and your familyA range of flexible benefits including Retail Discounts, a Bike4Work scheme and Gym benefitsThe opportunity to support a wide-ranging CSR programme + 2 days’ volunteering leave per yearYour key responsibilitiesReview and analyse mathematical assumptions of models used in Pricing Interest Rate Derivatives.Review implementation methods, products traded in the IR markets, and the associated risks.Responsible, where appropriate, for the review of models/payoffs of products independently implemented in a managed library. Python is usually used for testing. Prior knowledge of that would be helpful.The outcome of review, analysis and independent implementation forms the basis of discussion with key model stakeholders including Front Office Trading; Front Office Quants; Market Risk Managers.Additional responsibilities include active engagement with the due diligence aspects of the New Product Approval Process and involvement in bank wide strategic initiatives.Your skills and experienceEducated to Bachelors degree level or equivalent qualification/relevant work experience, a Doctor of Philosophy (PhD) qualification in numerate subject such as Mathematics, Financial Mathematics, Physics or Statistics would be beneficialCodding skills would be preferrable.Previous work experience in related subjects would be preferrable.Ability to communicate within the team and the stakeholdersHow we’ll support youTraining and development to help you excel in your careerFlexible working to assist you balance your personal priorities e.g. Coaching and support from experts in your teamA culture of continuous learning to aid progressionWe value diversity and as an equal opportunities’ employer, we make reasonable adjustments for those with a disability such as the provision of assistive equipment if required (e.g. screen readers, assistive hearing devices, adapted keyboards)About usis the leading German bank with strong European roots and a global network. Click to see what we do.Deutsche Bank in the UK is proud to have been named in for five consecutive years. Additionally, we have been awarded a Gold Award from Stonewall and named in their for our work supporting LGBTQ+ inclusion.We strive for a 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.
Expected salary
Location
Moorfields, Co Antrim – London
Job date
Thu, 26 Sep 2024 07:21:22 GMT
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