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About the Role

Join the Risk Methodology (RM) team, within Group Strategic Analytics (GSA), instrumental in developing and maintaining Deutsche Bank Group’s risk measurement methodologies. Provide businesses and risk managers with fit-for-purpose tools for allocating financial resources, managing risk appetite, and making well-informed credit decisions. Ensure models are based on requirements for regulatory and economic capital calculations. Responsible for the development and maintenance of PD/LGD/CCF models for the Group’s credit portfolios, collaborating with stakeholders to build industry-leading models compliant with regulatory requirements.

Responsibilities

Development, implementation, and maintenance of methodologies for credit risk parameters for retail and wholesale portfolios compliant with regulatory requirements.
Resolution of regulatory and internal findings related to credit risk parameter methodology or related models.
Active interaction with senior management and various internal stakeholders from Business, Credit Risk Management, Finance, and Capital Management.

Requirements

Relevant university degree (Master or/and PhD) in a quantitative discipline (e.g., Mathematical Finance/Statistics/Econometrics) with a focus on applying theoretical knowledge into practice.
Knowledge of credit risk management and relevant regulations for modelling credit risk parameters (PD, LGD, CCF).
Proven experience in internal modelling for more than 3 years.
Strong analytical skills.
Proven ability to handle and optimize processing of large datasets.
Proficiency with advanced statistical techniques.
Hands-on experience with analytical packages.
Proven experience in supporting model development projects requiring cross-functional stakeholder syndication.
Proven experience in executing regulatory audits and other external reviews of internal models.
Excellent interpersonal skills with the ability to effectively communicate and explain complex ideas.
Excellent written and verbal skills in English.
Good written and verbal skills in German are preferable.

Skills

Quantitative discipline
Mathematical Finance
Statistics
Econometrics
Credit risk management
Modelling of credit risk parameters (PD, LGD, CCF)
Analytical skills
Data processing
Advanced statistical techniques
Analytical packages
Model development projects
Cross-functional stakeholder syndication
Regulatory audits
External reviews of internal models
Interpersonal skills
Communication skills
Written and verbal skills in English
Written and verbal skills in German

Location

London

Work Type

Hybrid Working

Experience Level

Associate
More than 3 years of experience in internal modelling

Education Level

Master's degree
PhD

Salary/Compensations

Competitive salary

Benefits

Non-contributory pension
30 days’ holiday plus bank holidays
Option to purchase additional days
Life Assurance
Private Healthcare
Retail Discounts
Bike4Work scheme
Gym benefits
Support for a wide ranging CSR programme
2 days’ volunteering leave per year
Flexible working
Coaching and support from experts
Continuous learning opportunities
Tailorable flexible benefits

About the Company

Deutsche Bank is the leading German bank with strong European roots and a global network.
Deutsche Bank in the UK is proud to be named in The Times Top 50 Employers for Gender Equality and has been awarded a Gold Award from Stonewall and named in their Top 100 Employers.
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.

Equal Opportunity

We 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).
If you have a disability, health condition, or require any adjustments during the application process, we encourage you to contact our Adjustments Concierge on adjustmentsconcierge@db.com to discuss.
We welcome applications from all people and promote a positive, fair and inclusive work environment.