Deutsche Bank
Credit Risk Change Business Analyst
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Job Title: Credit Risk Change Business Analyst
Location: London
Corporate Title: Vice President
You will be joining the Change Team for Counterparty Credit Risk (CCR) which has been established within Deutsche Bank’s Group Strategic Analytics (GSA) department, supporting the Credit Risk Management (CRM) function. GSA combines expertise in quantitative analytics, modelling, pricing, programming, risk management and systems.
You will play a key role in improving Deutsche Bank’s internal model method (IMM) and credit limit monitoring framework for potential future exposure (PFE) on derivatives and Security Financing Transactions (SFT). The aim is to further strengthen the contribution made by the Risk business function in an effort to cement our position as a risk-cognisant, customer-focused and profitable investment bank, including the efficient utilisation of shareholder capital and strong counterparty risk management.
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:
- Hybrid Working - we understand that employee expectations and preferences are changing. We have implemented a model that enables eligible employees to work remotely for a part of their working time and reach a working pattern that works for them
- 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
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Your key responsibilities
- Partner together with Quantitative Analytics, Technology, CCR Strats and Credit Risk Management teams to translate complex risk, modelling and data requirements into practical end-to-end solutions. You will quickly build an understanding of the financial and mathematical routines used across derivatives and securities valuation, and apply this knowledge to define effective data flows and business processes.
- Operate across a broad and evolving portfolio of CCR change, including Capital Risk Weighted Assets (RWA), potential future exposure, margin and collateral modelling, model back-testing, wrong-way risk and related regulatory or strategic priorities.
- Shape and maintain delivery plans in a fast-moving environment, working across business and technical stakeholders to prioritise outcomes, manage dependencies and respond constructively to changing requirements.
- Translate agreed priorities into clear Agile epics, features, milestones and measurable deliverables.
- Lead or support requirements definition, impact assessment, solution design, testing and implementation. Use data and evidence to challenge assumptions, identify delivery risks and ensure that solutions meet business, control and user expectations.
- Use Python and other suitable tools to automate analysis, assess impact runs, improve transparency and make day-to-day change delivery more efficient.
Your skills and experience
- Advanced degree (MSc/“Diplom” or PhD) in a relevant discipline such as Physics, Chemistry, (Business) Mathematics, Computer Science, Finance.
- Experience delivering change within credit or market risk management would be an advantage, supported by a good working knowledge of mathematical finance and Monte Carlo methods.
- Good understanding of capital markets products with the curiosity and commercial awareness to build knowledge across global markets and evolving counterparty risk topics.
- Proficiency in a programming language or tools such as Python, SQL, Unix/Linux shell scripts, XML, Java, C/C++, C#, R/S or similar.
- Excellent interpersonal, communication and stakeholder-management skills, with the ability to connect multiple business areas, manage priorities and maintain effective relationships globally.
- Collaborative, proactive, adaptable and delivery focussed, with a positive approach to managing priorities.
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How we’ll support you
- A culture of continuous learning to aid progression
- A range of flexible benefits that you can tailor to suit your needs
- We value diversity and as an equal opportunities’ employer, we make reasonable adjustments for those with a disability such as the provision of assistive equipment if required (e.g. screen readers, assistive hearing devices, adapted keyboards)
About us
Deutsche Bank is the leading German bank with strong European roots and a global network. Click here to see what we do.
Deutsche Bank in the UK is proud to be named in The Times Top 50 Employers for Gender Equality and has been awarded a Gold Award from Stonewall and named in their Top 100 Employers.
If you have a disability, health condition, or require any adjustments during the application process, we encourage you to contact our Adjustments Concierge on adjustmentsconcierge@db.com to discuss.
We strive for a culture in which we are empowered to excel together every day. This includes acting responsibly, thinking commercially, taking initiative and working collaboratively.
Together we share and celebrate the successes of our people. Together we are Deutsche Bank Group.
We welcome applications from all people and promote a positive, fair and inclusive work environment.
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