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For Companies At a Glance
- Tasks: Analyze and validate derivative pricing models for risk management.
- Company: Join Deutsche Bank, a leading global bank with a commitment to diversity and inclusion.
- Benefits: Enjoy hybrid working, competitive salary, 30 days holiday, and flexible perks.
- Why this job: Be part of a dynamic team that values continuous learning and social impact.
- Qualifications: PhD or Masters in Mathematics, Financial Mathematics, Physics, or Statistics preferred.
- Other info: Opportunities for volunteering and support for diverse needs.
The predicted salary is between 43200 - 72000 £ per year.
Job Title
Model Validation Quantitative Analyst
Location
London
Corporate Title
Assistant Vice President
What we’ll offer you
The Model Risk Management (MoRM) team 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 review of all derivative pricing models used for valuation and risk across the bank.
As a Quantitative Analyst, you will be reviewing and analysing derivative models for price and risk of interest Rates, FX and Hybrids products.
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
- Supporting the review, analysis and robust model validation for Interest Rates, Foreign Exchange, Commodities, and Hybrids models
- Perform model validation testing and derive conclusions regarding the 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 or Masters qualification in numerate subject such as Mathematics, Financial Mathematics, Physics or Statistics. Strong candidates with other post-graduate qualifications may also be considered
- Experience in a Model Validation or Front Office Quant role would be beneficial but not required
- Excellent mathematical ability with an understanding of Stochastic Calculus, Partial Differential Equations, Monte-Carlo Methods, Finite Difference Methods, and Numerical Algorithms
- Some understanding of interest Rates and FX derivative models
- Strong interest in financial markets (especially derivative pricing) demonstrated by qualifications and/or experience
- Experience coding in C++ or Python in a managed codebase would be an advantage
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 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 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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Model Validation Quantitative Analyst employer: Deutsche Bank
Contact Detail:
Deutsche Bank Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Model Validation Quantitative Analyst
✨Tip Number 1
Familiarize yourself with the specific derivative models mentioned in the job description, such as Interest Rates and FX models. Understanding these models will not only help you during interviews but also demonstrate your genuine interest in the role.
✨Tip Number 2
Brush up on your coding skills, especially in C++ or Python. Since experience in a managed codebase is advantageous, consider working on small projects or contributing to open-source projects to showcase your coding abilities.
✨Tip Number 3
Prepare to discuss your understanding of mathematical concepts like Stochastic Calculus and Monte-Carlo Methods. Being able to articulate how these concepts apply to model validation will set you apart from other candidates.
✨Tip Number 4
Network with professionals in the finance and quantitative analysis fields. Attend industry events or webinars to connect with people who can provide insights into the role and potentially refer you to opportunities at Deutsche Bank.
We think you need these skills to ace Model Validation Quantitative Analyst
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities and requirements of the Model Validation Quantitative Analyst position. Familiarize yourself with the key concepts such as model validation, derivative pricing, and the mathematical methods mentioned in the job description.
Tailor Your CV: Customize your CV to highlight relevant experience and skills that align with the job description. Emphasize your educational background in numerate subjects, any experience in model validation or quantitative roles, and your coding skills in C++ or Python.
Craft a Strong Cover Letter: Write a compelling cover letter that showcases your passion for financial markets and your understanding of derivative pricing. Mention specific experiences that demonstrate your analytical skills and how they relate to the role.
Highlight Your Technical Skills: In your application, be sure to detail your proficiency in mathematical concepts like Stochastic Calculus and Monte-Carlo Methods. If you have experience with specific models or coding practices, include those to strengthen your application.
How to prepare for a job interview at Deutsche Bank
✨Showcase Your Mathematical Expertise
Be prepared to discuss your understanding of complex mathematical concepts such as Stochastic Calculus and Monte-Carlo Methods. Highlight any relevant projects or coursework that demonstrate your proficiency in these areas.
✨Demonstrate Your Interest in Financial Markets
Express your passion for financial markets, particularly in derivative pricing. Share any experiences or qualifications that reflect your engagement with these topics, as this will resonate well with the interviewers.
✨Prepare for Technical Questions
Expect technical questions related to model validation and derivative models. Brush up on your knowledge of interest rates, FX, and hybrid products, and be ready to explain how you would approach model validation testing.
✨Communicate Clearly and Effectively
Since you'll be presenting outcomes to key stakeholders, practice articulating complex ideas in a clear and concise manner. Prepare to discuss how you would structure high-quality reports based on your analyses.
