Front Office Quantitative Risk Manager/ Model Owner

Job Title: Front Office Quantitative Risk Analyst/Senior Risk Analyst

Corporate Title: VP

Location: Mumbai, India

Role Description

DWS, publicly listed asset management division of Deutsche Bank, is one of the world's leading asset managers with €859bn of assets under management (as of June 2023). Building on more than 60 years of experience, it has a reputation for excellence in Germany, Europe, the Americas and Asia. DWS is recognised 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 investment approach strategically.

About DWS India (P) Ltd.

DWS India (P) Ltd., is a wholly owned subsidiary of DWS Group GmbH & Co. KGaA. Our teams across Bengaluru, Mumbai and Pune provides Research & Analytical, Operations and Technology support across all divisions of DWS Group.

What we’ll offer you

As part of our flexible scheme, here are just some of the benefits that you’ll enjoy

• Best in class leave policy
• Gender neutral parental leaves
• 100% reimbursement under childcare assistance benefit (gender neutral)
• Sponsorship for Industry relevant certifications and education
• Employee Assistance Program for you and your family members
• Comprehensive Hospitalization Insurance for you and your dependents
• Accident and Term life Insurance
• Complementary Health screening for 35 yrs. and above

Your Key responsibilities:

• Conduct thorough and comprehensive validations of quantitative models, including financial, statistical, and predictive models. Work closely with investment teams to identify and document on model limitations, assumptions, and potential issues.
• Liaise with independent model risk management team regarding model validation activities.
• Maintain comprehensive documentation for all models, including validation reports, policies, and procedures in line with regulatory guidelines, internal policies, and industry best practices. Keep record of model changes and version control.
• Assist in the development and implementation of model governance policies and procedures. Collaborate with stakeholders to enhance model risk management practices.
• Monitor model performance and contribute to ongoing model surveillance. Report on model drift, validation findings, and recommended actions.

Your Skills and experience:

• Bachelor’s degree in a quantitative field (e.g. Finance, Mathematics, Statistics, Economics, Engineering). Advanced degree (Masters or Ph.D), CFA, FRM,  will be an added advantage.
• Three to Five years of experience in risk management, model risk management, model validation, or a related role. 
• Strong understanding of financial instruments (e.g. FX, Rates, Equities, Derivatives and Alternatives), mathematical modelling, and statistical analysis.
• Knowledge of relevant regulatory guidelines and standards is a plus.
• Proficiency in at least one of the programming languages Python, C++, R or Matlab.
• Good understanding of valuation methods, capital markets, portfolio theory, risk and return attribution models.
• Excellent verbal and written communications skills -- previous experience of writing either technical documentation related to model validation or development or independent peer-reviewed research articles.

How we’ll support you

• Training and development to help you excel in your career
• 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

About us and our teams

Please visit our company website for further information:

https://www.db.com/company/company.htm