Risk Manager, Model Validation Specialist
vor 4 Monaten
Employer: DWS Group
Title: Risk Manager, Model Validation Specialist
Location: Frankfurt
About DWS:
Today, markets face a whole new set of pressures – but also a whole lot of opportunity too. Opportunity to innovate differently. Opportunity to invest responsibly. And opportunity to make change.
Join us at DWS, and you can be part of an industry-leading firm with a global presence. You can lead ambitious opportunities and shape the future of investing. You can support our clients, local communities, and the environment.
We’re looking for creative thinkers and innovators to join us as the world continues to transform. As whole markets change, one thing remains clear; our people always work together to capture the opportunities of tomorrow. That’s why we are ‘Investors for a new now’.
As investors on behalf of our clients, it is our role to find investment solutions. Ensuring the best possible foundation for our clients’ financial future. And in return, we’ll give you the support and platform to develop new skills, make an impact and work alongside some of the industry’s greatest thought leaders. This is your chance to achieve your goals and lead an extraordinary career.
This is your chance to invest in your future.
Team / division overview
- Conducting model validations on the DWS models, both in-house and vendor models, based on regulatory guidance, internal policy and procedures and best industry practice and communicate findings and recommendations to model owners and prepare the model validation reports
- Working closely with Investment teams on topics including model assumptions and limitations to ensure models remain fit for purpose
- Carry out independent model reviews on complex topics in accordance with business needs and regulatory requirements
- Review ongoing model monitoring reports, identify potential model risk and document the findings to key stakeholders while evaluating the corrective actions
- Assist in building benchmark models used across the model validation team, design backtesting or other methodologies to test the conceptual soundness of model assumptions
Role Details:
As a Risk Manager, Model Validation Specialist you will (be):
- Ensuring that the organization's IT systems are secure, reliable, and compliant with regulatory requirements and adhering to IT policies, procedures and standards
- Developing and implementing IT risk management strategies.
- Monitoring and tracking of IT KPIs to assess DWS' IT risks
- Preparation of the IT KPIs in reports for the management of DWS
- Monitoring remediation of IT relevant audit findings
- Assist in closing / extending / risk acceptance / reassessment of audit findings
- Support in creating and updating the DWS IT strategy
- Ad hoc assessment of issues as they arise or other requests from management, including implementation of potential corrective actions
- Support in the implementation of change initiatives, especially initiatives with a regulatory background
- Contribution in large project work streams at DWS
We are looking for:
- Previous quantitative risk management, model validation or model development experience from across the Investments, Consulting or Banking industry with sound experience of validating or developing valuation or risk models across asset classes such as FX, Rates and Equities
- Strong quantitative skills across programming languages such as R, SQL, C++, SAS, Python, MATLAB. Expertise in at least one of Python or C++ is essential.
- Good understanding of valuation methods, capital markets, portfolio theory and risk management
- Excellent verbal and written communications skills -- previous experience of writing either technical documentation related to model validation or development or independent peer-reviewed research articles
- Educated to post-graduate degree level in a quantitative field such physics, mathematics, statistics, economics or engineering, or with relevant industry experience / professional qualification
- German language fluency is required
What we’ll offer you:
At DWS we’re serious about diversity, equity and creating an inclusive culture where colleagues can be themselves sand it’s important to us that you enjoy coming to work - feeling healthy, happy and rewarded. At DWS, you’ll have access to a range of benefits which you can choose from to create a personalised plan unique to your lifestyle. Whether you’re interested in healthcare, company perks, or are thinking about your retirement plan, there’s something for everyone.
Some of our core benefits:
- Physical and Mental Health Well-Being benefits including (but not limited to) Statutory Health Insurance (BKK), sickness benefit allowance and support helplines for employees
- Family friendly benefits including generous parental leave packages (supporting all variations of family set-ups) and support in finding childcare options including DWS’s own kindergarten service
- A wide selection of pension plans, Personal Budget Accounts to enable sabbaticals or early retirement and capital-forming benefits
- The opportunity to support our CSR strategy which is focused on combatting climate change & achieving greater social justice. You can make donations to our partnered organisations or take part in corporate volunteering opportunities in your local communities by providing on hand support.
Our commitment to equal employment opportunity
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. DWS is an equal opportunities employer and we welcome applications from talented people from all cultures, countries, races, genders, sexual orientations, disabilities, beliefs and generations. We are committed to providing a working environment free from harassment, discrimination and retaliation.
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