Risk Methodology Senior Developer

Job Description:

Job Title Risk Methodology Lead

Corporate Title Vice President

Location New York, NY

Overview

Our Group Strategic Analytics - Risk Methodology group is responsible for cutting-edge modeling methods and technology that transforms the way that we work. We are seeking a Risk Methodology Lead, based in New York, to support state-of-the-art model development practices. You will lead the development and execution of Corporate Bank and Treasury IR Swap B/PPNR models (balance sheet and revenue models); ensure accurate and timely forecasts for CCAR; lead junior members of the team; serve as the deputy lead for Banking Book modeling team as necessary.

What We Offer You

• A diverse and inclusive environment that embraces change, innovation, and collaboration
• A hybrid working model, allowing for in-office / work from home flexibility, generous vacation, personal and volunteer days
• Employee Resource Groups support an inclusive workplace for everyone and promote community engagement
• Competitive compensation packages including health and wellbeing benefits, retirement savings plans, parental leave, and family building benefits
• Educational resources, matching gift and volunteer programs

What You'll Do

• Lead Corporate Bank and Treasury IR Swap B/PPNR modeling efforts
  • Develop and enhance models as per business requirements (Knowledge of statistics and time-series models is required)
  • Perform ongoing model monitoring of the PPNR models; execute the models in a timely manner to support CCAR production cycles
• Develop and enhance B/PPNR models for interest rate hedging derivatives (Derivative analytics and Interest Rate Risk Banking Book analytics knowledge preferred)
  • Be able to leverage derivative pricing engines for model development efforts
• Work with 2nd and 3rd lines of defense teams to address findings
• Work with the Technology team to implement new models and perform changes to existing models (familiarity with Python or R is required)
• Guide the day-to-day activities of the Corporate Bank PPNR modeling team
• Support CCAR and other risk methodology efforts

How You'll Lead

• Provide day to day guidance for the Corporate Bank PPNR modeling team and help coordinate and resolve issues within your team
• Work and coordinate with:
  • Business lines on model development,
  • 2nd and 3rd lines of defense on resolving findings,
  • the Technology team on model implementation efforts
• Candidate will work and coordinate with Finance, Business lines and other key stakeholders on addressing business and management feedback

Skills You'll Need

• In-depth knowledge of financial and risk modeling
• Familiarity with Time-Series and statistical modelling techniques
• Programming language knowledge and experience (e.g., Python / R)
• Bachelor's degree in Finance or quantitative fields required; Advanced degree preferred
• Strong communication skills and ability to communicate at all levels of the organization

Skills That Will Help You Excel

• Experience with B/PPNR modelling or stress testing models
• Strong understanding of regulatory modeling governance processes
• Derivative analytics and Interest Rate Risk Banking Book analytics knowledge
• Prior management experience (2+ years)

Expectations

It is the Bank's expectation that employees hired into this role will work in the New York City office in accordance with the Bank's hybrid working model.

Deutsche Bank provides reasonable accommodations to candidates and employees with a substantiated need based on disability, pregnancy, and/or religion.

The salary range for this position in New York City is $125,000 to $203,000. Actual salaries may be based on a number of factors including, but not limited to, a candidate's skill set, experience, education, work location and other qualifications. Posted salary ranges do not include incentive compensation or any other type of renumeration.

Deutsche Bank Benefits

At Deutsche Bank, we recognize that our benefit programs have a profound impact on our colleagues. That's why we are focused on providing benefits and perks that enable our colleagues to live authentically and be their whole selves, at every stage of life. We provide access to physical, emotional, and financial wellness benefits that allow our colleagues to stay financially secure and strike balance between work and home. Click here to learn more!

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We welcome applications from all people and promote a positive, fair and inclusive work environment.

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