Job Description
Risk Methodology Specialist
Role Description :
Market Risk Methodology team within GSA is responsible for the development of DB's capital models for market risk, including the Value-at-Risk (VaR), Stressed Value-at-Risk, Comprehensive Risk Measure and Economic Capital methodology.
Those risk metrics are used both for internal purposes to estimate and control market risk as well as for external purpose since they feed measures such as Risk Weighted Assets - Pillar 1 and Risk Bearing Capacity - Pillar 2.
The candidate is required to work in collaboration with London / New York / Berlin team on various quantitative and regulatory driven projects.
Candidate is required to understand the business problem, gather information required for the implementation and provide an end-to-end optimized solution on a scalable platform.
Implementation of the project needs to be done in Python programming language. Candidate should possess a very good English communication skill to coordinate and communicate his work effectively with various stakeholders spread across globe.
What we'll offer you
As part of our flexible scheme, here are just some of the benefits that you'll enjoy
• Best in class leave policy
• Gender neutral parental leaves
• 100% reimbursement under childcare assistance benefit (gender neutral)
• Sponsorship for Industry relevant certifications and education
• Employee Assistance Program for you and your family members
• Comprehensive Hospitalization Insurance for you and your dependents
• Accident and Term life Insurance
• Complementary Health screening for 35 yrs. and above
Your key responsibilities
• Development of complex processes, framework or risk analysis as well as improvements
• Implement, enhance and maintain existing framework to measure market risks across the bank
• Understand and decipher business problem to convert into manageable smaller problem statements
• Coordinate and gather information from various stakeholders for deeper understanding of the business
• Design an automated solution which is optimized and scalable
• Develop and design tables and databases required for the storage of the data
• Develop applications / libraries for the implementation of the solution
• Remediation of regulatory as well as external and internal findings against the MR HS models in line with the assigned tasks
• Constant awareness and understanding of the key market risks taken by the business areas and communication to senior management and with external stakeholders, challenge the business within assigned areas when required
• Quality assurance (e.g. 4 eyes principle reviews)
Your skills and experience
Education / Qualifications :
• Strong educational background in Engineering / Science, Economics, Statistics or other numerate discipline preferably from good colleges in India e.g. IIT, NIT, ISI etc.
• Experience with applied econometrics (Hypothesis testing, PCA, Linear / Non-Linear Regression etc)
• Good knowledge of financial instruments and markets across all asset classes
• Knowledge of financial pricing models, risk models would be desirable
• Fair knowledge of key risk measures (e.g. duration, PV01, VaR, EC) & models across asset classes models
Competencies :
Programming Skills -
o Experience in Python programming & relational database design (oracle, mysql)
o Good knowledge of OOPs programming concepts ( Class, Pointers, Data structure)
o Experience in pulling data from various Market data sources.
• Independent handling and mitigating methodological or process weaknesses identified by regulators, auditors and internal model validation team
• Strong communication skills and presentation ability with attention to detail
• Good problem solving instincts and strong analytical skills
Personal characteristics :
• Ability to work independently as well as flexibly within intra or inter-departmental groups
• Continuous advancement of own skills and knowledge
• Can-Do attitude & Able to cope well under pressure and tight deadlines
How we'll support you
• Training and development to help you excel in your career
• 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
About us and our teams
Please visit our company website for further information :
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, ****** orientations, disabilities, beliefs and generations and are committed to providing a working environment free from harassment, discrimination and retaliation.
Click to find out more about diversity and inclusion at Deutsche Bank
Role Description :
Market Risk Methodology team within GSA is responsible for the development of DB's capital models for market risk, including the Value-at-Risk (VaR), Stressed Value-at-Risk, Comprehensive Risk Measure and Economic Capital methodology.
Those risk metrics are used both for internal purposes to estimate and control market risk as well as for external purpose since they feed measures such as Risk Weighted Assets - Pillar 1 and Risk Bearing Capacity - Pillar 2.
The candidate is required to work in collaboration with London / New York / Berlin team on various quantitative and regulatory driven projects.
Candidate is required to understand the business problem, gather information required for the implementation and provide an end-to-end optimized solution on a scalable platform.
Implementation of the project needs to be done in Python programming language. Candidate should possess a very good English communication skill to coordinate and communicate his work effectively with various stakeholders spread across globe.
What we'll offer you
As part of our flexible scheme, here are just some of the benefits that you'll enjoy
• Best in class leave policy
• Gender neutral parental leaves
• 100% reimbursement under childcare assistance benefit (gender neutral)
• Sponsorship for Industry relevant certifications and education
• Employee Assistance Program for you and your family members
• Comprehensive Hospitalization Insurance for you and your dependents
• Accident and Term life Insurance
• Complementary Health screening for 35 yrs. and above
Your key responsibilities
• Development of complex processes, framework or risk analysis as well as improvements
• Implement, enhance and maintain existing framework to measure market risks across the bank
• Understand and decipher business problem to convert into manageable smaller problem statements
• Coordinate and gather information from various stakeholders for deeper understanding of the business
• Design an automated solution which is optimized and scalable
• Develop and design tables and databases required for the storage of the data
• Develop applications / libraries for the implementation of the solution
• Remediation of regulatory as well as external and internal findings against the MR HS models in line with the assigned tasks
• Constant awareness and understanding of the key market risks taken by the business areas and communication to senior management and with external stakeholders, challenge the business within assigned areas when required
• Quality assurance (e.g. 4 eyes principle reviews)
Your skills and experience
Education / Qualifications :
• Strong educational background in Engineering / Science, Economics, Statistics or other numerate discipline preferably from good colleges in India e.g. IIT, NIT, ISI etc.
• Experience with applied econometrics (Hypothesis testing, PCA, Linear / Non-Linear Regression etc)
• Good knowledge of financial instruments and markets across all asset classes
• Knowledge of financial pricing models, risk models would be desirable
• Fair knowledge of key risk measures (e.g. duration, PV01, VaR, EC) & models across asset classes models
Competencies :
Programming Skills -
o Experience in Python programming & relational database design (oracle, mysql)
o Good knowledge of OOPs programming concepts ( Class, Pointers, Data structure)
o Experience in pulling data from various Market data sources.
• Independent handling and mitigating methodological or process weaknesses identified by regulators, auditors and internal model validation team
• Strong communication skills and presentation ability with attention to detail
• Good problem solving instincts and strong analytical skills
Personal characteristics :
• Ability to work independently as well as flexibly within intra or inter-departmental groups
• Continuous advancement of own skills and knowledge
• Can-Do attitude & Able to cope well under pressure and tight deadlines
How we'll support you
• Training and development to help you excel in your career
• 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
About us and our teams
Please visit our company website for further information :
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, ****** orientations, disabilities, beliefs and generations and are committed to providing a working environment free from harassment, discrimination and retaliation.
Click to find out more about diversity and inclusion at Deutsche Bank
💡 Quick Summary
Seeking a career-building opportunity? The Risk Methodology Specialist position is now open for candidates interested in the Bank Jobs sector. This role in Mumbai offers a professional environment and growth potential.
Requirement Snapshot: Candidates should possess basic communication skills, a proactive attitude, and the ability to work in a team. Experience in Bank Jobs is a plus.
