Job ID: 3194127 Full/Part-Time: Full-time
Regular/Temporary: Regular Listed: 2019-06-20
Location: New York, United States of America
DWS Group GmbH & Co. KGaA (DWS) is one of the world's leading asset managers with EUR 700bn of assets under management (as of 31 Dec 2017). Building on more than 60 years of experience and a reputation for excellence in Germany and across Europe, DWS has come to be recognized by clients globally as a trusted source for integrated investment solutions, stability and innovation across a full spectrum of investment disciplines.
We offer individuals and institutions access to our strong investment capabilities across all major asset classes and solutions aligned to growth trends. Our diverse expertise in Active, Passive and Alternatives asset management – as well as our deep environmental, social and governance focus – complement each other when creating targeted solutions for our clients. Our expertise and on-the-ground-knowledge of our economists, research analysts and investment professionals are brought together in one consistent global CIO View, which guides our strategic investment approach.
DWS wants to innovate and shape the future of investing: with staff from 35 nationalities, speaking more than 75 languages rooted in 22 countries, we are local while being one global team.
Job Title: Model Validator
Corporate Title: Vice President
Location: New York, NY
DWS Group (DWS) is one of the world's leading investment organizations. With over €700 billion in assets-under-management, DWS offers individuals and institutions traditional and alternative investments across all major asset classes. DWS is a publicly listed firm on the Frankfurt stock exchange majority-owned by the Deutsche Bank Group and a minority stake held by Nippon Life.
Risk is the independent risk oversight function of DWS. Model Risk is part of the Risk functions and designed to provide governance and control to manage a variety of models used in the firm and associated risks. The Model Risk team works as a global organization with team members in New York, London and Frankfurt.
The model validator role resides within the firm’s model risk management function. The model validator validates, tests, documents and oversees the usage of models related to asset management, risk management, and capital planning and effectively communicates the results to stakeholders within the firm.
What We Offer
We offer competitive health and wellness benefits, empowering you to value life in and out of the office
Retirement Savings Plans, Parental Leave, and other family-friendly programs
On-site cafeteria, health center, and communal meeting areas
Active engagement with the local community through DB’s specialized employee groups
The opportunity to work within an integrated and internationally operating risk management department providing the following benefits to a suitable candidate:
work in a rapidly changing and entrepreneurial business environment in a focus growth region for DWS
insight into a dynamic and evolving risk discipline across a highly diversified and expanding product offering
opportunity to work within a truly international team and to develop a broad understanding of DWS’s strategies, their associated risks, and mitigating controls
Your Role /What You’ll Do
Conduct model validations on the firm’s models, both in-house and vendor models, based on regulatory guidance, internal policy and procedures and best industry practice, communicate findings and recommendations to model owners and prepare the model validation reports
Review ongoing model monitoring reports, identify potential model risk and document the findings
Assist in model validation findings monitoring, reporting and evaluation of the corrective actions
Assist in building benchmark models used in model validation team
Skills You’ll Need
Strong quantitative and analytical skills with a graduate degree in a highly quantitative field such Physics, mathematics, statistics, Economics or engineering
Relevant professional experience in model validation or model development in banking industry or consulting
Programming skills: R, SQL, C++, SAS, Python, Matlab
Deep understanding of valuation methods, capital markets, and risk management familiar with regulatory standards( SR 11-7 or SR 15-18)
For candidates applying for positions in the US:
Deutsche Bank is an Equal Opportunity Employer - Veterans/Disabled and other protected categories. Click these links to view the “ EEO is the Law ” poster and pay transparency statement.