Job Title: MoRM Risk and Capital: Model Validator, AS

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;
• Designing and implementing a strong Model Risk Management and governance framework;
• Creating bank-wide Model Risk related policies.

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

• You will be responsible for the timely and high-quality delivery of validation reports for all Risk and Capital Models developed for Credit Risk.
• Develop and set state-of-the-art validation approaches and standards adhering to current and upcoming regulatory requirements. Ensure implementation of these standards in particular through review and pre-approval of validation reports. Present and defend work in internal committees.
• Pro-actively engage in management of Model Risk to assure Model Risk requirements.
• Additionally, support, coach and guide new and established team members and closely engage with stakeholders from Risk, Finance, IT and Business.

Your skills and experience

• Masters in Statistics / Mathematics / Quantitative Economics / Quantitative Finance or MBA Finance
• Professional experience 2-7 yrs in quantitative Credit risk model development or validation is a requirement
• Perennial professional experience in financial risk management in general with a strong IT affinity
• Extensive knowledge with relevant statistical and other software packages and programming languages (e.g. SAS, R, SQL, Python)
• Pronounced conceptual and analytical skills and excellent project management
• Proven ability to solve problems independently, to show flexibility and to act proactively
• Business fluent written and verbal skills in English

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:

https://www.db.com/company/company.htm

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.