At a Glance
- Tasks: Develop and maintain credit risk models to support Deutsche Bank's financial decisions.
- Company: Join Deutsche Bank, a leader in financial services with a focus on innovation.
- Benefits: Enjoy hybrid working, competitive salary, 30 days holiday, and private healthcare.
- Other info: Flexible working, continuous learning culture, and a commitment to diversity.
- Why this job: Make a real impact in risk management while developing your analytical skills.
- Qualifications: Master's or PhD in a quantitative field with experience in credit risk modelling.
The predicted salary is between 60000 - 80000 € per year.
Location: London
Corporate Title: Associate
Group Strategic Analytics (GSA) 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. You will join the Risk Methodology (RM) team, within GSA which is instrumental in developing and maintaining Deutsche Bank Group’s risk measurement methodologies, across a diverse set of portfolios, thereby providing both businesses and risk managers with fit-for-purpose tools for allocating financial resources, managing risk appetite, and making well-informed credit decisions. In addition, the team ensures that all the models developed within the Bank are based on requirements relating to regulatory and economic capital calculations.
You will be responsible for the development and maintenance of the Probability of Default (PD)/Loss Given Default (LGD)/Credit Conversion Factor (CCF) models for the Group’s credit portfolios. You will collaborate and engage extensively with a variety of stakeholders 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:
- 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:
- Development, implementation, and maintenance of methodologies for the credit risk parameters for retail and 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.
- Active interaction with senior management and various internal stakeholders from the Business, Credit Risk Management, Finance, Capital management etc.
Your skills and experience:
- Relevant university degree (Master or/and PhD) in a quantitative discipline (e.g. Mathematical Finance/Statistics/Econometrics) with a focus on application of theoretical knowledge into practice.
- Knowledge of credit risk management and relevant regulations related to modelling of credit risk parameters (PD, LGD, CCF) as well as proven experience in internal modelling for more than 3 years.
- Strong analytical skills, proven ability to handle and optimise processing of large datasets, proficiency with advanced statistical techniques as well as hands-on experience with analytical packages.
- Proven experience in supporting the delivery of model development projects requiring cross-functional stakeholder syndication and in executing regulatory audits and other external reviews of internal models.
- Excellent interpersonal skills with the ability to effectively communicate and explain complex ideas in an understandable way, excellent written and verbal skills in English, good written and verbal skills in German are preferable.
How we’ll support you:
- 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).
We welcome applications from all people and promote a positive, fair and inclusive work environment.
Quantitative Strategist –Credit Risk Modelling employer: Deutsche Bank
Deutsche Bank is an exceptional employer, offering a dynamic work environment in London that prioritises employee development and wellbeing. With a commitment to hybrid working, competitive salaries, and a comprehensive benefits package including generous holiday allowances and private healthcare, employees are empowered to thrive both professionally and personally. The culture fosters continuous learning and collaboration, providing ample opportunities for growth while supporting a diverse and inclusive workplace.
StudySmarter Expert Advice🤫
We think this is how you could land Quantitative Strategist –Credit Risk Modelling
✨Tip Number 1
Network like a pro! Reach out to people in the industry, attend events, and connect on LinkedIn. You never know who might have the inside scoop on job openings or can put in a good word for you.
✨Tip Number 2
Prepare for interviews by practising common questions and scenarios related to credit risk modelling. We recommend doing mock interviews with friends or mentors to boost your confidence and refine your answers.
✨Tip Number 3
Showcase your skills through projects or case studies. If you’ve worked on relevant models or analyses, be ready to discuss them in detail. This will demonstrate your hands-on experience and analytical prowess.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who are proactive about their job search.
We think you need these skills to ace Quantitative Strategist –Credit Risk Modelling
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Quantitative Strategist role. Highlight your relevant experience in credit risk modelling and any specific methodologies you've worked with. We want to see how your skills align with what we're looking for!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're passionate about credit risk modelling and how your background makes you a great fit for our team. Keep it concise but impactful – we love a good story!
Showcase Your Analytical Skills:In your application, don’t forget to showcase your analytical skills. Mention any experience you have with large datasets and advanced statistical techniques. We’re keen to see how you can handle complex data and turn it into actionable insights.
Apply Through Our Website:We encourage you to apply through our website for a smoother process. It’s the best way to ensure your application gets to us directly. Plus, you’ll find all the details you need about the role and our company culture there!
How to prepare for a job interview at Deutsche Bank
✨Know Your Numbers
As a Quantitative Strategist, you'll need to be comfortable with numbers and statistical models. Brush up on your knowledge of Probability of Default (PD), Loss Given Default (LGD), and Credit Conversion Factor (CCF) models. Be ready to discuss how you've applied these concepts in previous roles.
✨Showcase Your Analytical Skills
Prepare to demonstrate your analytical prowess during the interview. Bring examples of how you've handled large datasets and optimised processes using advanced statistical techniques. This will show that you can translate theoretical knowledge into practical solutions.
✨Engage with Stakeholders
Since collaboration is key in this role, think of instances where you've successfully interacted with various stakeholders. Be prepared to discuss how you’ve navigated complex discussions and ensured alignment across different teams, especially in model development projects.
✨Communicate Clearly
You’ll need to explain complex ideas simply, so practice articulating your thoughts clearly. Consider how you would explain a complicated model or regulatory requirement to someone without a technical background. This will highlight your interpersonal skills and ability to communicate effectively.
