Front Office Quantitative Risk Manager Job in Mumbai at Deutsche Bank Group

Deutsche Bank is hiring for the role of Front Office Quantitative Risk Manager!

Responsibilities of the Candidate:

• Conduct thorough and comprehensive validations of quantitative models, including financial, statistical, and predictive models.
• Work closely with investment teams to identify and document model limitations, assumptions, and potential issues.
• Liaise with the independent model risk management team regarding model validation activities.
• Maintain comprehensive documentation for all models, including validation reports, policies, and procedures in line with regulatory guidelines, internal policies, and industry best practices. Keep a record of model changes and version control.
• Assist in the development and implementation of model governance policies and procedures. Collaborate with stakeholders to enhance model risk management practices.
• Monitor model performance and contribute to ongoing model surveillance. Report on model drift, validation findings, and recommended actions.

Requirements:

• Bachelor’s degree in a quantitative field (e.g. Finance, Mathematics, Statistics, Economics, Engineering). Advanced degree (Masters or Ph.D.), CFA, FRM, will be an added advantage.
• Strong understanding of financial instruments (e.g. FX, Rates, Equities, Derivatives, and Alternatives), mathematical modeling, and statistical analysis.
• Knowledge of relevant regulatory guidelines and standards is a plus.
• Proficiency in at least one of the programming languages Python, C++, R, or Matlab.
• Good understanding of valuation methods, capital markets, portfolio theory, risk and return attribution models.
• Excellent verbal and written communication skills -- previous experience in writing either technical documentation related to model validation or development or independent peer-reviewed research articles.