4 Montecarlo Methods Jobs

The Market Risk and Portfolio Model Validation Specialist position in Mumbai, India, within the Risk division at Deutsche Bank involves managing a wide range of risks including credit, market, and non-financial risks. As part of the Model Risk Management (MoRM) team, you will be responsible for independent model validation and managing model risk globally in alignment with Deutsche Bank's risk appetite. The teams are spread across Mumbai, Frankfurt, Berlin, London, and New York. In this role, you will focus on developing and maintaining a central modelling and validation service for all risk model types and methodologies. You will review and analyze Market Risk and Portfolio models such as VaR, ES, EC, RNIV, RNIEC, among others. Furthermore, you will understand the mathematical models and implementation methods, verify models and numerical schemes, and communicate outcomes with key stakeholders including risk managers, validation leads, and model development teams. To qualify for this position, you should be educated to Masters/Ph.D. level or equivalent in a quantitative subject like Mathematics, Physics, Quantitative Finance, or Quantitative Economics. Experience in model validation or development is preferred. Strong mathematical abilities, programming skills, and knowledge of financial products, derivatives, and related financial risks are essential. Excellent communication skills, both written and verbal, are required, along with the ability to author structured and concise validation reports. Proficiency in English is a must. Deutsche Bank offers a range of benefits including a leave policy, parental leaves, childcare assistance, sponsorship for certifications, employee assistance program, hospitalization insurance, life insurance, health screenings, training and development opportunities, coaching from experts, and a culture of continuous learning. At Deutsche Bank, we promote a positive, fair, and inclusive work environment where all individuals are welcome. We encourage collaboration, responsibility, commercial thinking, and taking initiative to excel together every day. Visit our company website for more information: https://www.db.com/company/company.htm. Join us at Deutsche Bank Group to share and celebrate the successes of our people.,

The Pricing Model Validation team is looking for a Model Validation Lead- Derivative Pricing VP to join their team in Mumbai, India. As a part of Model Risk Management, your mission will be to actively manage model risk globally in line with the bank's risk appetite. This includes performing independent model validation, identifying model risks proactively, recommending model risk appetite, managing and mitigating model risks effectively, establishing model risk metrics, and designing a strong model risk management and governance framework. Your key responsibilities will involve independently reviewing and analyzing derivative models for pricing and risk management across Rates, FX, and Hybrids. You will collaborate with the pricing validation team in London and Berlin to conduct validation testing, analyze mathematical models, implementation methods, traded products, associated risks, and engage with key stakeholders such as Front Office Trading, Front Office Quants, Market Risk Managers, and Finance Controllers. Additionally, you will be responsible for managing team members, ensuring their knowledge, motivation, training, communication with stakeholders, work quality, and compliance meet expectations. To excel in this role, you should possess excellent mathematical abilities with a sound understanding of Stochastic Calculus, Partial Differential Equations, Monte-Carlo Methods, Finite Difference Methods, and Numerical Algorithms. A strong interest in financial markets, especially derivative pricing, along with experience in coding in Python, will be advantageous. Effective written and oral communication skills, people management, stakeholder engagement, and quality assurance experience are essential. You should hold an academic degree in a quantitative discipline with a focus on application, such as Mathematical Finance, Statistics, Maths, Physics, or Engineering. The company offers training, development, coaching, and a culture of continuous learning to support your career growth. Benefits include a best-in-class leave policy, gender-neutral parental leaves, reimbursement under childcare assistance benefit, sponsorship for industry certifications, employee assistance program, comprehensive insurance coverage, and complementary health screenings. Deutsche Bank Group fosters a culture of empowerment, responsibility, commercial thinking, initiative, and collaboration. They encourage a positive, fair, and inclusive work environment and welcome applications from all individuals. For more information about the company, please visit https://www.db.com/company/company.htm.,

The Model Validation Senior Specialist- Derivative Pricing, AVP position in Mumbai, India is a part of the Model Risk Management team, which is responsible for managing model risk globally in line with the bank's risk appetite. The primary responsibilities include performing independent model validation, identifying model risks proactively, recommending model risk appetite, managing and mitigating model risks effectively, establishing model risk metrics, and designing a strong model risk management and governance framework. Additionally, the team is responsible for creating bank-wide Market Risk policies. The Pricing Model Validation team, as part of Model Risk Management, conducts independent review and analysis of all derivative pricing models used for valuation and pricing across the bank. As a Quantitative Analyst in Mumbai, you will collaborate with the pricing validation team in London and Berlin to produce, analyze, and document validation testing. A good understanding of mathematical models, implementation methods, products traded in markets, and associated risks is crucial for this role. The outcomes of the review and analysis will be discussed with key model stakeholders, including Front Office Trading, Front Office Quants, Market Risk Managers, and Finance Controllers. Key Responsibilities: - Independently review and analyze derivative models for pricing and risk management across Rates, FX, and Hybrids. - Collaborate with the pricing validation team in London and Berlin. - Engage in discussions with key model stakeholders to present the outcomes of the review and analysis. Skills And Experience: - Excellent mathematical ability with knowledge in Stochastic Calculus, Partial Differential Equations, Monte-Carlo Methods, Finite Difference Methods, and Numerical Algorithms. - Strong interest in financial markets, especially derivative pricing. - Proficiency in coding, primarily in Python. - Excellent written and oral communication skills. - 5-8 years of experience in model development, market risk, or model validation. Education/Qualifications: - Academic degree in a quantitative discipline with a focus on application, such as Mathematical Finance, Statistics, Maths, Physics, or Engineering. The position offers various benefits under a flexible scheme, including leave policies, parental leaves, childcare assistance, sponsorship for certifications, and comprehensive insurance coverage. Training, coaching, and support are provided to aid career development and progression. The company promotes a positive, fair, and inclusive work environment where employees are empowered to excel together every day. For more information about the company, please visit: https://www.db.com/company/company.htm,

The Portfolio Models and Alpha Model Validation Specialist, Associate role based in Mumbai, India is a part of the Model Risk Management (MoRM) team at Deutsche Bank. MoRM is responsible for managing model risk by independently validating internal models and monitoring and controlling model risk. The Portfolio Models and Alpha validation team within MoRM focuses on validating portfolio models developed for Credit Risk, Business Risk, Operational Risk, and Risk Type Diversification. As a Portfolio Models and Alpha Model Validation Specialist, your key responsibilities will include independent validation of models and model changes, performing quantitative analyses, enhancing validation concepts, and ensuring adherence to model risk standards like SR11-07. To be successful in this role, you should have an academic degree in Mathematics, Statistics, Physics, Econometrics, or a similar discipline. You should possess 2-7 years of professional experience in Operational risk and Portfolio Risk model development or validation. Strong mathematical abilities and proficiency in programming languages like Python, Matlab, R, C++, and experience in Machine Learning are essential. Additionally, you should have IT affinity, data analysis skills, and a good understanding of IT processes. The role offers benefits such as a best-in-class leave policy, gender-neutral parental leaves, reimbursement under childcare assistance benefit, sponsorship for industry relevant certifications, Employee Assistance Program, comprehensive insurance coverage, and health screening. Training and development opportunities, coaching, and a culture of continuous learning are provided to support your career growth. Deutsche Bank promotes a culture of empowerment, responsibility, commercial thinking, initiative, and collaboration. They encourage a positive, fair, and inclusive work environment where all individuals are welcome. For more information about Deutsche Bank, please visit their company website at https://www.db.com/company/company.htm.,