Pricing Model Validation Lead - VP

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.,