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- Tasks: Develop and maintain credit risk models for Deutsche Bank's portfolios.
- Company: Deutsche Bank is a leading global bank with strong European roots.
- Benefits: Enjoy hybrid working, competitive salary, 30 days' holiday, and flexible perks.
- Why this job: Join a diverse team focused on innovation and impactful financial decisions.
- Qualifications: Master's or PhD in a quantitative field with experience in credit risk modelling.
- Other info: We value diversity and support inclusive work environments.
The predicted salary is between 43200 - 72000 £ per year.
Job Description:
Job Title Credit Risk Modelling – Quantitative Strategist
Location London
Corporate Title Vice President
Group Strategic Analytics 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.
The Risk Methodology (RM) team, within Group Strategic Analytics (GSA), 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 when it comes to allocating financial resources, managing risk appetite, and making well-informed credit decisions.
You will be responsible for the development and maintenance of the Probability of Default/Loss Given Default/Credit Conversion Factor (PD/LGD/CCF) models for the Group\’s credit portfolios. You will engage extensively with a variety of stakeholders (Business Lending, Risk, Finance) 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
- Responsible for development, implementation, and maintenance of methodologies for credit risk parameters for 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
- Interaction with senior management and various internal stakeholders from Business, Credit Risk Management, Finance, Capital management
Your skills and experience
- Educated to university degree (master\’s and/or Doctor of Philosophy (PhD) or equivalent qualification/work experience in a quantitative discipline (such as Mathematical Finance/Statistics/Econometrics) with focus on application of theoretical knowledge into practice
- Deep knowledge/ understanding of the credit risk management and relevant regulations related to the modelling of the credit risk parameters (PD/LGD/CCF) as well as proven experience in internal modelling
- Strong analytical skills, proven ability to handle and optimise the processing of large datasets, proficiency with advanced statistical techniques as well as hands-on experience with analytical packages (at least Python)
- Proven experience delivering complex model development projects requiring cross-functional stakeholder syndication and in executing regulatory audits and other external reviews of internal models
- Effective communication/interpersonal skills, ability to share clear messages and explain complex ideas in an understandable way
How we\’ll support you
- Flexible working to assist you balance your personal priorities
- 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
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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Credit Risk Modelling – Quantitative Strategist employer: Deutsche Bank
Contact Detail:
Deutsche Bank Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Credit Risk Modelling – Quantitative Strategist
✨Tip Number 1
Familiarise yourself with the latest regulatory requirements related to credit risk modelling. Understanding these regulations will not only help you in interviews but also demonstrate your commitment to compliance, which is crucial for this role.
✨Tip Number 2
Network with professionals in the credit risk management field. Attend industry events or webinars where you can meet potential colleagues and learn more about the challenges they face. This can give you insights that will be valuable during your discussions with stakeholders.
✨Tip Number 3
Brush up on your analytical skills, particularly in Python and statistical techniques. Consider working on personal projects or contributing to open-source projects that involve large datasets to showcase your hands-on experience.
✨Tip Number 4
Prepare to discuss your previous experiences with model development projects. Be ready to explain how you managed cross-functional teams and resolved any regulatory findings, as this will highlight your ability to handle complex situations effectively.
We think you need these skills to ace Credit Risk Modelling – Quantitative Strategist
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in credit risk modelling and quantitative analysis. Emphasise your educational background, particularly if you have a master's or PhD in a quantitative discipline.
Craft a Strong Cover Letter: In your cover letter, explain why you're interested in the Credit Risk Modelling position at Deutsche Bank. Mention specific skills that align with the job description, such as your experience with PD/LGD/CCF models and your proficiency in Python.
Showcase Analytical Skills: Provide examples of past projects where you've successfully handled large datasets and applied advanced statistical techniques. This will demonstrate your analytical capabilities and relevance to the role.
Highlight Communication Skills: Since the role involves interaction with various stakeholders, mention instances where you've effectively communicated complex ideas. This could include presentations, reports, or collaborative projects.
How to prepare for a job interview at Deutsche Bank
✨Understand the Role and Responsibilities
Make sure you have a clear understanding of the key responsibilities outlined in the job description. Familiarise yourself with credit risk parameters like PD, LGD, and CCF, as well as the regulatory requirements that come with them.
✨Showcase Your Analytical Skills
Prepare to discuss your experience with large datasets and advanced statistical techniques. Be ready to provide examples of how you've successfully developed models or handled complex projects in the past.
✨Engage with Stakeholders
Since the role involves extensive interaction with various stakeholders, think of examples where you've effectively communicated complex ideas. Highlight your interpersonal skills and ability to work collaboratively across different teams.
✨Prepare for Technical Questions
Expect technical questions related to credit risk modelling and the tools you’ve used, such as Python. Brush up on your knowledge of relevant regulations and be prepared to discuss how you would approach model development and validation.
