DWS - Risk Manager (m/f/d) Model Validation Specialist

Vor 4 Tagen


Frankfurt am Main, Deutschland Deutsche Bank Vollzeit
Job Description:

About DWS

At DWS, we're capturing the opportunities of tomorrow. You can be part of a leading, client-committed, global Asset Manager, making an impact on individuals, communities, and the world.

Join us on our journey, and you can shape our transformation by working side by side with industry thought-leaders and gaining new and diverse perspectives. You can share ideas and be yourself, whilst driving innovative and sustainable solutions that influence markets and behaviours for the better.

Every day brings the opportunity to discover a new now, and here at DWS, you'll be supported as you overcome challenges and reach your ambitions. This is your chance to lead an extraordinary career and invest in your future.

Read more about DWS and who we are here.

Team / division overview

The Risk platform is the independent risk oversight function of DWS. Model Risk is part of the Risk function and is designed to provide governance and control to manage a variety of models used in the Firm and associated risks. The Model Risk team works as a global organization with team members in New York, London and Frankfurt with a focus around validating, testing and overseeing the usage of models related to Corporate Risk (liquidity/economic capital) and Investment Risk for Liquid and Illiquid investment strategies.

Role Details

As a Risk Manager, you will (be):
  • Contribute to the enhancement of DWS model risk appetite and management framework definition
  • Engage model owners/users/developers for the collation and ongoing maintenance of the DWS Model Inventory
  • Support the management the model approval process, administration for initial use approval, subsequent approvals and model change oversight
  • Implement model risk governance processes including model risk assessment and reporting thereon to relevant governance forums
  • Interact with regulators and internal/external audit on model risk management topics
  • Compile and distribute model governance forum materials
  • Coordinate with Model Validation for the firm's models; define validation priorities for both in-house and vendor models, based on regulatory guidance, internal policy and procedures and best industry practice
  • Work with technology partners to design and roll out the firm's strategic model inventory and workflow solution
  • Review validation findings, recommendations and reports, while tracking and reporting of model findings and remediation status
  • Manage and track regulatory project
We are looking for
  • Strong experience in Model Governance and/or Model Risk Management
  • Strong knowledge of Model Risk regulatory requirements and industry standard practice
  • Experience in project management
  • Experience in drafting policy and procedure documentation, and MIS intended for a senior audience that includes senior management, oversight forums and regulators
  • Exceptional interpersonal skills and ability to collaborate successfully
  • Proven success as a trusted partner who implements change and positively influences change adoption by end users
  • Educated to degree level in a financial related discipline or with relevant professional experience
  • German language fluency is required
What we'll offer you:

Without the ambitions of our people, our achievements wouldn't be possible. And 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.
DWS' current Hybrid Working model is designed to find the balance between in-person collaboration & engagement in the office, which is core to our working culture, whilst still remaining focused on supporting our employees with flexibility. We are committed to support flexible and hybrid working agreements across the globe. Depending on the location or role you are applying for, the split between working in the office and at home will be discussed and made clear as part of your application and interview process.

We will continue to review and evolve our working environments and methods to ensure that we are working in the best way possible for our people.

If you require any adjustments or changes to be made to the interview process for any reason including, or related to a disability or long-term health condition, then please contact your recruiter and let us know what assistance you may need. Examples of adjustments include providing a change to the format of the interview or providing assistance when at the DWS office. This will not affect your application and your recruitment team will discuss options with you.

Job Code: #LI-DW #LI-02



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