Head of Market Risk Model Validation & Portfolio Risk Model Validation India - VP Job in Mumbai at Deutsche Bank Group

Deutsche Bank is hiring for the position of Head of Market Risk Model Validation & Portfolio Risk Model Validation India - VP

Responsibilities of the Candidate:

• Review and analyze Market Risk and Portfolio models like VaR, ES, EC, RNIV, RNIEE, RNIEC etc. end-to-end with minimal to no supervision.
• Understand the mathematical models and implementation methods used, where appropriate, verify models and numerical schemes.
• Communicate outcomes of your review and analysis with key model stakeholders including risk managers, validation leads and model development teams as necessary.
• Oversee and supervise a small team for the delivery of validation reviews according to the BoW and within timely manner in the Market and Portfolio Model Risk space.
• Strive to create an environment of positivity and transparency within the team, by maintaining high standards of management and communication.

Requirements:

• Educated to Masters/ Doctor of Philosophy (Ph.D.) level or equivalent qualification/ relevant work experience in a quantitative subject such as Mathematics, Physics, Quantitative Finance or Quantitative Economics.
• Experience in model validation or model development
• Excellent mathematical abilities and an understanding of Linear Algebra, Calculus, Partial Differential Equations, Monte-Carlo Methods, Historical Simulation Methods, finite difference methods and numerical algorithms, statistics, or mathematical finance.
• Strong programming skills.
• Good knowledge about financial products/derivatives and the financial risks related to them is essential.
• Should have experience of managing people in complex knowledge processes.
• Excellent communication skills, both written and verbal
• Ability to author structured and concise validation reports.
• Fluent in English (written and spoken).