Job Title: Model Validation Specialist
Location: Pune
Role Description
DWS Group (DWS) is one of the world's leading asset managers with EUR 833bn of
assets under management (as of 30 June 2022). 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.
The Risk platform is the independent risk oversight function of DWS. Model Risk is part
of the Risk function and is 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 with a focus
around validating, testing and overseeing the usage of models related to Corporate Risk
(liquidity/economic capital) and Investment Risk for Liquid and Illiquid investment
strategies.
What we’ll offer you:
A healthy, engaged and well-supported workforce are better equipped to do their best
work and, more importantly, enjoy their lives inside and outside the workplace. That’s
why we are committed to providing an environment with your development and
wellbeing at its centre. You can expect:
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:
Conducting model validations on the DWS models, both in-house and vendor models,
based on regulatory guidance, internal policy and procedures and best industry practice
and communicate findings and recommendations to model owners and prepare the
model validation reports
Working closely with Investment teams on topics including model assumptions and
limitations to ensure models remain fit for purpose
Carry out independent model reviews on complex topics in accordance with business
needs and regulatory requirements
Review ongoing model monitoring reports, identify potential model risk and document
the findings to key stakeholders while evaluating the corrective actions
Building benchmark models used across the model validation team, design backtesting
or other methodologies to test the conceptual soundness of model assumptions.
Provide guidance to junior members of the model validation team
Your skills and experience:
Strong experience in quantitative risk management, model validation or model
development from across the Investments, Consulting or Banking industry with sound
experience of validating or developing valuation or risk models across asset classes
such as FX, Rates and Equities
Strong quantitative skills across programming languages such as R, SQL, C++, SAS,
Python, MATLAB. Expertise in at least one of Python or C++ is essential.
Solid understanding of valuation methods, capital markets, portfolio theory and risk
management
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
Educated to post-graduate degree level in a quantitative field such physics,
mathematics, statistics, economics or engineering, or with relevant industry
experience / professional qualification
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
