Risk Manager/Senior Risk Manager - Model Validation, AVP

Role Overview: You will be joining the Risk platform team at DWS as a Risk Manager/Senior Risk Manager focusing on Model Validation in Bangalore, India. The Model Risk team is responsible for providing governance and control for various models used within the Firm to manage associated risks. Your role will involve validating, testing, and overseeing the usage of models related to Fiduciary Risk, Corporate Risk, and Investment Risk for both Liquid and Illiquid investment strategies. Key Responsibilities: - Conduct model validations on DWS models, including both in-house and vendor models, in alignment with regulatory guidance, internal policies, and industry best practices. Communicate findings and recommendations to model owners and prepare validation reports. - Collaborate with Investment teams to review model assumptions and limitations, ensuring models remain suitable for their intended purpose. - Participate in independent model reviews on complex topics as per business needs and regulatory requirements. - Review ongoing model monitoring reports, identify potential model risks, document findings for key stakeholders, and evaluate corrective actions. - Assist in developing benchmark models for the model validation team, including designing backtesting methodologies to test model assumptions" conceptual soundness. Qualification Required: - Previous experience in quantitative risk management, model validation, or model development within Investments, Consulting, or Banking industry, with a strong background in validating or developing valuation or risk models across asset classes like FX, Rates, and Equities. - Proficiency in quantitative skills using Python or C++. - Solid understanding of valuation methods, capital markets, portfolio theory, and risk management. - Excellent verbal and written communication skills, with prior experience in writing technical documentation related to model validation or development, or independent peer-reviewed research articles. - Post-graduate degree in a quantitative field such as physics, mathematics, statistics, economics, or engineering, or equivalent industry experience/professional qualification. Additional Details: DWS Group (DWS) is a leading asset management company known for excellence globally. They offer integrated investment solutions across major asset classes and have expertise in Active, Passive, and Alternatives asset management, with a strong focus on environmental, social, and governance factors. DWS values continuous learning, career development, and a culture of collaboration among its employees.,