Quantitative Strategist – Risk Methodology Specialist

Job Title Quantitative Strategist – Risk Methodology Specialist

Location London

Corporate Title Associate

Group Strategic Analytics (GSA) is part of Group Chief Operation Office (COO) which acts as the bridge between the Bank’s businesses and infrastructure functions to help deliver the efficiency, control, and transformation goals of the Bank.

You will join the Risk Methodology (RM) team, within GSA which is instrumental in developing and maintaining Deutsche Bank Group’s risk measurement methodologies, across diverse set of portfolios, thereby providing both businesses and risk managers with fit-for-purpose tools for allocating financial resources, managing risk appetite, and making well-informed credit decisions. In addition, the team ensures that all the models developed within the Bank are based on requirements relating to regulatory and economic capital calculations.

You will be responsible for the development and maintenance of the Probability of Default (PD)/Loss Given Default (LGD)/Credit Conversion Factor (CCF) models for the Group’s credit portfolios. You will collaborate and engage extensively with a variety of stakeholders to build industry leading models which accurately reflect Deutsche Bank’s risk profile and are compliant with various regulatory requirements.

What we’ll offer you

A healthy, engaged and well-supported workforce are better equipped to do their best work and, more importantly, enjoy their lives inside and outside the workplace. That’s why we are committed to providing an environment with your development and wellbeing at its centre.

You can expect:  

• Hybrid Working - we understand that employee expectations and preferences are changing. We have implemented a model that enables eligible employees to work remotely for a part of their working time and reach a working pattern that works for them
• Competitive salary and non-contributory pension
• 30 days’ holiday plus bank holidays, with the option to purchase additional days
• Life Assurance and Private Healthcare for you and your family
• A range of flexible benefits including Retail Discounts, a Bike4Work scheme and Gym benefits
• The opportunity to support a wide ranging CSR programme + 2 days’ volunteering leave per year

Your key responsibilities

• Development, implementation, and maintenance of methodologies for the credit risk parameters for retail and wholesale portfolios of Deutsche Bank compliant with regulatory requirements to modelling of credit risk parameters
• Resolution of regulatory and internal findings related to the methodology of credit risk parameters or related models.
• Active interaction with senior management and various internal stakeholders from the Business, Credit Risk Management, Finance, Capital management etc.

Your skills and experience

• Relevant university degree (Master or/and PhD) in a quantitative discipline (e.g. Mathematical Finance/Statistics/Econometrics) with a focus on application of theoretical knowledge into practice.
• Knowledge of credit risk management and relevant regulations related to modelling of credit risk parameters (PD, LGD, CCF) as well as proven experience in internal modelling for more than 3 years.
• Strong analytical skills, proven ability to handle and optimize processing of large datasets, proficiency with advanced statistical techniques as well as hands-on experience with analytical packages
• Proven experience in supporting the delivery of model development projects requiring cross-functional stakeholder syndication and in executing regulatory audits and other external reviews of internal models.
• Excellent interpersonal skills with the ability to effectively communicate and explain complex ideas in an understandable way, excellent written and verbal skills in English, good written and verbal skills in German are preferable.

How we’ll support you

• Flexible working to assist you balance your personal priorities

• Coaching and support from experts in your team
• A culture of continuous learning to aid progression
• A range of flexible benefits that you can tailor to suit your needs
• We value diversity and as an equal opportunities’ employer, we make reasonable adjustments for those with a disability such as the provision of assistive equipment if required (e.g. screen readers, assistive hearing devices, adapted keyboards)

About us

Deutsche Bank is the leading German bank with strong European roots and a global network. Click here to see what we do.

Deutsche Bank in the UK is proud to be named in The Times Top 50 Employers for Gender Equality and has been awarded a Gold Award from Stonewall and named in their Top 100 Employers.

If you have a disability, health condition, or require any adjustments during the application process, we encourage you to contact our Adjustments Concierge on [email protected] to discuss.

We strive for a culture in which we are empowered to excel together every day. This includes acting responsibly, thinking commercially, taking initiative and working collaboratively.

Together we share and celebrate the successes of our people. Together we are Deutsche Bank Group.

We welcome applications from all people and promote a positive, fair and inclusive work environment.