In an ever-changing financial landscape, the role of the Risk division has never been more important. A strong risk management culture helps to reinforce Deutsche Bank's resilience. The function identifies, aggregates, manages and mitigates risk across the core activities of market risk management, operational risk management and credit risk management, supporting the bank's strategies whilst protecting its capital and regulatory adherence. The Team is a core function within the Credit Risk Management team of the overall Risk division. It works closely with other areas in Risk and Finance. The team is responsible for the following:
Manage and maintain a robust and well controlled calculation process to ensure timely provision of complete and accurate counterparty credit risk (CCR) exposure data, meeting the requirements of various key consumers and stakeholders
Coordinate and manage the governance and oversight of all CCR measurement related issues, including ownership of the CCR Governance committee (reporting into RCC)
Ownership and management of efficient and effective IT infrastructure supporting the CCR exposure calculation, including strategic planning, change management, and appropriate IT investment governance
Own and manage the relationship with relevant regulators (principally the ECB / JST, but including all other regulatory interaction in the CCR measurement space) regarding CCR exposure measurement, including leading and coordinating the Bank's efforts to ensure demonstrable compliance with all relevant regulations
The team is located in Berlin and has a close collaboration to teams in London.
Monitor risk movements and work closely with colleagues in GTB and Risk on analysis of exposure data and processes.
Work closely with Methodology and Change teams on implementation of new regulatory requirements and analyze the impact on DB Group and respective business area.
Perform calibration of the monte-carlo path generation used for the CCR exposure calculation process.
Perform regular controls for internal governance.
Support adaptation of processes / service according to change in regulation.
Keeping abreast of regulatory guidance and industry best-practice concerning CCR exposure calculations and related areas, ensuring that DB is at the fore-front of new developments.
Assisting IT partners in implementing newly developed models, processes and controls in production environment.
Your qualifications, education and experience
MSc in Mathematics / Statistics / Physics / Econometrics / Engineering / IT
Strong mathematical/programming background, ideally in the field of statistics or financial mathematics or computer science.
Some knowledge of CCR exposure models and counterparty risk measures (EPE, PFE, AEE, CVA).
Attention to detail, analytical / structured thinking,
Strong problem solving skills.
Strong IT / data management skills plus experience with relevant software packages, ideally SAS / Excel / VBA / SQL / Python
Good knowledge in quantification of financial products (including derivatives) and credit risks would be beneficial.
Interpersonal skills and an ability to work across locations and liaise effectively at all levels of the business.
Ability to work as part of a team across locations.
Result oriented and highly motivated. Proficiency in English (verbal and written)
What we will offer you: https://careers.db.com/explore-the-bank/working-environment/benefits-wellbeing/ Please note that this may vary slightly from location to location.
In case of any recruitment related questions, please get in touch with Lara Garcia-Flores.
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