Quantitative Strategist in Berlin bei Deutsche Bank

Position Overview

The Risk division has the fundamental responsibility to protect the Bank. With group-wide responsibility for the management and control of credit, market, operational and reputational risks, we have a unique vantage point, which allows us a holistic view of our businesses and our clients. Nearly 4,000 employees work together to achieve our ambition to be an industry-leading risk management organisation.

In an increasingly complex environment, risk management is fast becoming the most sought-after place to build a career within the banking world. Risk at Deutsche Bank is relied upon to help shape the strategy of the organisation and the wider industry agenda.

Risk Methodology (RM) develops and manages the risk valuation methodologies for Deutsche Bank. The models, methodologies and tools developed in RM are utilized by Risk Managers for the efficient resource allocation, managing the risk appetite and credit decisions in the day-to-day business process. In addition, RM ensures that the models fulfill the regulatory and internal requirements with regard to regulatory and economic capital calculations.

FRTB Internal Models team designs methodologies for Historical Simulation VaR and the Internal Model Approach in the FRTB framework and manages inherent model risk as part of model maintenance.

The candidate’s responsibility will be to support the Model Risk stream by ensuring a robust governance process and communication of model risk profiles across organization. This role is vital to identify the key model deficiencies of the Historical Simulation VaR and FRTB internal model based approach which then will allow to systematically trigger the necessary model development to strengthen it. The position is based in Berlin and the candidate will work with Deutsche Bank colleagues globally and with colleagues in other risk teams locally in Berlin.

Responsibilities

Internal governance bodies:

• Organize internal governance bodies

Ensure audit proofed processes

Data processing:

• Collect very complex information and process it ready for decision-making

• Enhance data collection procedures and pre-processing of data relevant for model risk management

Audit coordination:

• Act as key contact point for Audits affecting Risk Methodology

• Organize meetings and coordinate Audit requests

Gatekeeper:

• Act as a gatekeeper for model risk topics including internal policies and relevant systems

Communication:

• Communication of results to different stakeholders (globally and across departments)

Requirements - Education and Experience:

• Relevant university degree (Master/PhD) in a quantitative discipline (e.g. Mathematics/ Statistics/ Econometrics) and several years of relevant professional experience necessary

Competencies:

• Solid quantitative background, extensive analytical skills and ability to efficiently solve problems independently and proactively

• Good knowledge of financial products/markets as well as risk management (VaR, backtesting, Expected Shortfall, regulatory requirements etc.)

• Prior exposure to finance, in particular subjects such as derivatives and value-at-risk is a plus.

• Desire to learn new subjects and ability to work in a team.

Personal characteristics:

• Well-organized with a proven ability to solve problems independently with a strong sense of personal ownership and a focus on timelines and delivering results

• Able to cope well under pressure and tight deadlines

How we’ll support you

• Training and development to help you excel in your career

• Flexible working to assist you balance your personal priorities

• Coaching and support from experts in your team

• A culture of continuous learning to aid progression

Deutsche Bank & Diversity

Our values define the working environment we strive to create – diverse, supportive and welcoming of different views. We embrace a culture reflecting a variety of perspectives, insights and backgrounds to drive innovation. We build talented and diverse teams to drive business results and encourage o