Deutsche Bank - Risk Analyst/Senior Risk Analyst - Model Governance (4-8 yrs)

Job Title: Risk Analyst/Senior Risk Analyst - Model Governance

Location: Bangalore

Role Description:

DWS Group (DWS) is one of the world's leading asset managers with EUR 941bn of assets under management (as of 31 March 2024). 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.

Your key responsibilities:

As a Risk Analyst/Senior Risk Analyst you will:

- Contribute to the enhancement of DWS model risk appetite and management framework definition

- Engage model owners/users/developers for the collation and ongoing maintenance of the DWS Model Inventory

- Support the management the model approval process, administration for initial use approval, subsequent approvals, and model change oversight

- Implement model risk governance processes including model risk assessment and reporting thereon to relevant governance forums

- Interact with internal/external audit on model risk management topics.

- Compile and distribute model governance forum materials

- Coordinate with Model Validation for the firm's models; define validation priorities for both in-house and vendor models, based on regulatory guidance, internal policy and procedures and best industry practice

- Work with technology partners to design and roll out the firm's strategic model inventory and workflow solution

- Review validation findings, recommendations, and reports, while tracking and reporting of model findings and remediation status

Your skills and experience:

We are looking for:

- Strong experience in Model Governance and/or Model Risk Management

- Strong knowledge of Model Risk regulatory requirements and industry standard practice

- Exceptional interpersonal skills and ability to collaborate successfully.

- Proven success as a trusted partner who implements change and positively influences change adoption by end users

- Educated to degree level in a financial related discipline or with relevant professional experience