Model Validation Specialist

Job Title

Model Validation Specialist

Location

London

Corporate Title

Assistant Vice President

The Model Risk Management (MoRM) team provides independent oversight and governance of model analytics and their implementation into the risk architecture that drive valuation, risk and stress results. The algorithmic trading model validation team is responsible for the independent review and validation of models used within bank’s algorithmic trading business across all asset classes.

In the role you will independently review, analyse, validate and generate reports on a wide range of models in the bank’s algo trading activities. As part of your role, you will be involved in innovative projects of building an automated test/analytics module and a monitoring tool for performance of trading algorithms and Artificial Intelligence (AI)/Machine Learning (AI) models using open source tools (Jupyter notebook, Plotly/Dash).

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 Hybrid Working 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

• Review, analyse and perform robust independent model validation for algo trading and AI/ML models.
• Perform model validation testing and derive conclusions leading to proper assessment of the model risk involved.
• 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 and senior management.

Your skills and experience

• PhD qualification in numerate subject such as Mathematics, Physics or computer science. Exceptionally strong candidates with MSc/MPhil post-graduate qualifications or equivalent work experience will also be considered.
• Experience in technical Model Validation team or Front Office Quant role.
• You have highly analytical skills, deep understanding of mathematical/statistical models and their implementation in finance.
• Experience in scientific programming and data visualization in Python or R.
• You have a hands-on approach, good communication skills, and you are able to work independently 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 e.g. Coaching and support from experts in your team.
• A culture of continuous learning to aid progression.
• 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 have been named in The Times Top 50 Employers for Gender Equality 2024 for five consecutive years. Additionally, we have been awarded a Gold Award from Stonewall and named in their Top 100 Employers 2024 for our work supporting LGBTQ+ inclusion.

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.

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