Quantitative Analyst

Job Description:

Job Title Quantitative Analyst (Algo Trading Model Validation Specialist)

Location London

Corporate Title Assistant Vice President

The Chief Risk Office function has Group-wide responsibility for the management and control of all credit, market, operational, enterprise and liquidity risks and has the responsibility of continual development of methods for risk measurement, frameworks and creating a bank-wide strong risk culture. Deutsche Bank has been named Bank Risk Manager of the Year by the publication risk.net for the second consecutive year (2020 & 2021).

You will join the Model Risk Management (MoRM) team which provides oversight and governance for senior managers of model analytics and their implementation into the risk architecture that drive valuation, risk, and stress results. Model Validation as part of MoRM is responsible for the independent review and analysis of all pricing and algo trading models used for valuation and risk across the Bank.

As a Model Validation Specialist, you will be responsible for validating models. You will be responsible for validating the appropriateness of model usages as well as its appropriateness for the existing internal and external banking environment and, if required, carry out your own analysis to assess the models. You will also be responsible for creating validation reports.

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 arrangements with the opportunity to work in the office and remotely from home
• 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

• Review, analyse and perform robust independent model validation for algo trading models
• Perform model validation testing and derive conclusions resulting in a proper assessment of the model risk involved
• Review and study the mathematical models used, implementation methods, products traded in these markets, and the associated risks
• Present outcomes from reviews and studies in high quality reports to key model stakeholders including Front Office Trading/ Front Office Quants

Your skills and experience

• Educated to degree level or equivalent qualification/work experience (such as a Masters, Doctor of Philosophy (PhD) in a quantitative discipline (for example, Mathematical Finance/ Statistics, Mathematics, Physics, Engineering) preferably with a focus on applications
• Previous relevant experience either as a model developer or validator
• Highly analytical, deep understanding of mathematical/statistical models and their implementation in finance
• Experience in scientific programming and data visualisation in Python or R
• Experience working with tick data databases for validation analysis is preferred
• Hands-on-mentality, good communication, interpersonal skills, ability to work solely and as a part of a larger team

How we’ll support you

• Training and development to help you excel in your career
• Flexible working to assist you balance your personal priorities
• Coaching and support from experts in your team
• 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 (for example, screen readers, assistive hearing devices, adapted keyboards)

About us and our teams

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

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. We welcome applications from talented people from all cultures, countries, races, genders, sexual orientations, disabilities, beliefs and generations and are committed to providing a working environment free from harassment, discrimination and retaliation.

Click here to find out more about our diversity and inclusion policy and initiatives.