Description
DWS Group, a leading asset manager with EUR 1190 bn of assets under management, is seeking a DWS Senior Risk Analyst – Model Validation in Pune, India.
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 London and India with a focus around validating, testing and overseeing the usage of models related to Corporate Risk, Fiduciary and Investment Risk for Liquid and Illiquid investment strategies.
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 various teams on topics including model assumptions and limitations to ensure models remains fit for purpose.
- Carry out independent model reviews on complex topics in accordance with business needs and regulatory requirements.
- Review ongoing model monitoring reports, finding closures, 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.
- Educated to post-graduate degree level in a quantitative field such physics, mathematics, statistics, economics or engineering, or with relevant industry experience / professional qualification.
- 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.
What we’ll offer you
- 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