Americas Model Validator - Assistant Vice President

| | | | --- | --- | | **Job ID:**R0270570 | Full/Part-Time: Full-time | | Regular/Temporary: Regular | Listed: 2023-06-02 | | Location: New York |

Position Overview

Job Title Americas Model Validator

Corporate Title Assistant Vice President

Location New York, NY

Overview

Within Deutsche Bank’s Risk division, Model Risk Management (MoRM) works globally with all business and infrastructure divisions. MoRM is responsible for independent model validation across all model types, the measurement and reporting of model risk across Deutsche Bank, and for conducting strong model risk governance.

The role requires experience in model validation, model development, or risk management; You will be contributing to a review of models such as Credit, Climate Risk, Bank Secrecy Act/Anti-money laundering, Treasury/Liquidity/Interest Rate Risk in the banking Book, and Comprehensive Capital Analysis and Review models. Our team will support you to ensure your success in this role.

The Chief Risk Office function has Group-wide responsibility for the management and control of all credit, market, operational, enterprise and liquidity risks and has the responsibility of continual development of methods for risk measurement, frameworks and creating a bank wide strong risk culture; Deutsche Bank has been named ‘Bank Risk Manager of the Year’ by the leading publication risk.net for the second consecutive year (2020 & 2021).

What We Offer You

• A diverse and inclusive environment that embraces change, innovation, and collaboration

• A hybrid working model, allowing for in-office / work from home flexibility, generous vacation, personal and volunteer days

• Employee Resource Groups support an inclusive workplace for everyone and promote community engagement

• Competitive compensation packages including health and wellbeing benefits, retirement savings plans, parental leave, and family building benefits

• Educational resources, matching gift, and volunteer programs

What You’ll Do

• Regular validation and annual reviews of models and methodologies across model types

• Extensive use of data analysis and statistical methods to validate models and prepare model validation documents

• Management of validation findings, compensating controls, conditions for use, and associated consequences

• Directly interact with auditors, model owners/developers/users, senior and executive management, and support Governance activities

Skills You’ll Need

• Master’s Degree in Statistics, Data Science, Economics, Mathematics, or Finance; PhD would be a plus

• Liquidity management experience preferred

• Strong statistical modeling background and Strong IT /data management skills plus experience with relevant software packages, ideally Structured Query Language / R /Python / SAS

• Excellent writing and communication skills in English

• Specialist knowledge in the quantification of credit risk, market risk and/or operational risk would be a plus

Skills That Will Help You Excel

• Highly analytical and structured thinking

• Good communication skills, both written and verbal

• Ability to manage multiple stakeholders and tasks

• Focused and self-motivated

• Ability to work with both a high degree of independence & as part of a team across locations and liaise effectively at all levels

Expectations

It is the Bank’s expectation that employees hired into this role will work in the New York, NY office in accordance with the Bank’s hybrid working model.

Deutsche Bank provides reasonable accommodations to candidates and employees with a substantiated need based on disability and/or religion.

The salary range for this position in New York City is $85,000 to $140,000. Actual salaries may be based on a number of factors including, but not limited to, a candidate’s skill set, experience, education, work location and other qualifications. Posted salary ranges do not include incentive compensation or any other type of renumeration.

Deutsche Bank Values & Diversity

We believe talent is found in all cultures, countries, races, ethnicities, genders, sexual orientations, disabilities, beliefs, generations, backgrounds, and experiences. We pursue a working environment where everyone can be authentic and feel a sense of belonging. Click here to find out more about our diversity and inclusion efforts.

We are an Equal Opportunity Employer - Veterans/Disabled and other protected categories.

Click these links to view the following notices: EEO is the Law poster and supplement; Employee Rights and Responsibilities under the Family and Medical Leave Act; Employee Polygraph Protection Act and Pay Transparency Nondiscrimination Provision

Learn more about your life at DB through the eyes of our current employees: https://careers.db.com/life

The California Consumer Privacy Act outlines how companies can use personal information. If you are interested in receiving a copy of Deutsche Bank’s California Privacy Notice please email [email protected].

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 our people to develop to their full potential. Talk to us about flexible work arrangements and other initiatives we offer.
We promote good working relationships and encourage high standards of conduct and work performance. We welcome applications from talented people from all cultures, countries, races, genders, sexual orientations, disabilities, beliefs and generations and are committed to providing a working environment free from harassment, discrimination and retaliation.

Click here to find out more about diversity and inclusion.

We are an Equal Opportunity Employer - Veterans/Disabled and other protected categories. Click these links to view the following notices: "EEO is the Law poster" and supplement ; Employee Rights and Responsibilities under the Family and Medical Leave Act; Employee Polygraph Protection Act and Pay Transparency Nondiscrimination Provision.