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Model Developer for Internal Capital Models (m/f/d)

About the Department

  • DWS Group GmbH & Co. KGaA (DWS) is one of the world's leading asset managers with EUR 704bn of assets under management (as of 31 Dec 2019). Building on more than 60 years of experience and a reputation for excellence in Germany and across Europe, DWS has come to be recognized by clients globally as a trusted source for integrated investment solutions, stability and innovation across a full spectrum of investment disciplines.
  • DWS Capital & Liquidity Management is responsible for the management and optimization of capital, funding and liquidity in DWS entities as well as the DWS subgroup, based on a clear and transparent framework.
  • DWS Capital & Liquidity Management identifies and plans financial resource demands, and ensures support for the strategic targets of DWS. It manages related risks (e.g. liquidity risk) and safeguards adherence to relevant regulatory ratios/ requirements. To fulfil its mandate, DWS Capital & Liquidity Management closely aligns with the business, co-operates with relevant functions such as Finance, Risk, DB Group Treasury, and interfaces with external stakeholders such as banks and regulators.

About the Job

  • The Model Developer conceptually owns, develops, improves and maintains internal economic capital models for market, credit, operational or strategic risks and supports the ICAAP by ensuring adequate capital quantification methods for risks resulting from the DWS business model. The Model Developer contributes to the insourcing of model development services and to strategic transformation initiatives as well as regulatory projects.

Responsibilities

  • Further developing DWS's overall economic capital model framework and models tailored to the DWS business model
  • Maintaining models including regular parameter recalibration and finding remediation
  • Programming prototypes of new models and support of strategic IT implementations
  • Defining and maintaining model development standards in line with regulatory and internal requirements, e.g. SR11-07 standards for Model Risk Management
  • Building relationships with internal and external stakeholders

Requirements

  • Relevant university degree in a quantitative discipline (e.g. Mathematics / Statistics / Econometrics / Quantitative Finance / Physics)
  • Minimum 5 years of relevant model development experience for internal capital models
  • Deep understanding of at least two risk types (credit risk, market risk, strategic risk, operational risk)
  • In-depth knowledge of programming languages and statistical software packages (e.g. Python, Matlab, or R)
  • Used to solve problems independently and result-oriented
  • Excellent written and verbal communication and presentation skills in English, German is a plus

For further information plese contact Vladan Mihailovic ( vladan.mihailovic@db.com )

Your place of work

Find out about the job's city and where you're going to live.

Berlin

Berlin, Germany’s capital, dates to the 13th century. Nowadays, it's home to a thriving startup scene on eye-level with other cities worldwide. Berlin not only Germany's biggest city and capital, but also Germany's most vibrant and open city with a lot of expats and English-speaking people from all over the world. Perfect for internationals and as a first step when relocating to Germany.

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Job Facts short and efficient - how Germans like it

Location Berlin
Region Berlin
Category Startup
Employment full time
Work-week 35 - 40h
Employment start ASAP
Salary negotiable
Relocation several relocation benefits, see description
Language English or German
Posted 3 weeks, 5 days ago
Closing in 1 month
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German IT Jobs, Böblingen, Germany

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