Financial Modeling Specialist
Job ID: 3189952 Full/Part-Time: Full-time Regular/Temporary: Regular Listed: 2019-04-17 Location: Jacksonville, United States of America
For candidates applying for positions in the US:
Deutsche Bank is an Equal Opportunity Employer
DWS Group GmbH & Co. KGaA (DWS) is one of the world's leading asset managers with EUR 700bn of assets under management (as of 31 Dec 2017). Building on more than 60 years of experience and a reputation for excellence in Germany and across Europe, DWS has come to be recognized 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 strategic investment approach.
DWS wants to innovate and shape the future of investing: with staff from 35 nationalities, speaking more than 75 languages rooted in 22 countries, we are local while being one global team.
Job Title: Financial Modeling Specialist
Corporate Title: Vice President
Location: Boston, MA
The DWS Corporate Treasury team is looking to expand its U.S. stress testing and financial forecasting capabilities, and seeking a Financial Modeling Specialist to join the team in Jacksonville, Florida. This role will be responsible for developing and maintaining balance sheet, revenue, expense, interest rate risk, capital, liquidity and risk models as part of the firm's regulatory and internal forecasting and stress testing program.
You will focus on the development and documentation of quantitative and expert judgment models, with a strong quantitative background and experience in financial modeling, forecasting, and working with statistical software packages.
You will be responsible for partnering with the front office business units, risk management, finance and other functions to develop/maintain projection models. In addition, you will have direct exposure to U.S. senior management and able to articulate complicated quantitative methods to a wide audience of stakeholders.
Develop and maintain balance sheet, revenue, expense, cash flow, liquidity, interest rate risk and other risk projection loss models used for baseline forecasting and enterprise stress testing
Conduct analytical testing and support for models through back-testing and sensitivity analysis; present the results of model testing to regional business heads, risk and finance senior management and the model risk management division
Where relevant, develop and maintain benchmark and challenger models/approaches for testing the results of the approved projection models
Conduct ongoing monitoring of existing models in coordination with the business units to ensure the models remain fit for purpose
Work with the Enterprise Risk Management function to ensure the models accurately capture the Firm's risks and financial drivers identified by the business units
Maintain model documentation and support consistent with the Firm's internal guidelines
Remediate models and/or documentation per Model Risk Management (MoRM) Validation Findings, DWS Audit Findings and FRB Regulatory Findings, as required
Coordinate the development, maintenance and remediation of model validation findings with the business units, Finance / Treasury, and Risk Management
Work with the Model Risk Management function to develop compensating controls, as required
Support the implementation of models into the Firm's the model execution technology platform
Work with the MoRM Validation function to develop compensating controls, as required
Work with the Treasury to provide supporting analytics and presentation materials for governance reviews of the model results with senior management committees and the U.S. Board of Directors
Support the preparation of materials for the annual Federal Reserve examination, as requested
Primary Working Relationships:
Business Unit Chief Operating Officers
Chief Data Office
Financial Regulatory Reporting Team
Technology and Operations
DWS Audit, as required
Model Risk Management
Enterprise Risk Management
Quantitative and qualitative modeling experience
Working knowledge of SAS or another statistical package; willingness to learn and use SAS if not already proficient
Programming knowledge in Matlab, VBA helpful
General knowledge of the asset management business and/or financial industry a plus
Prior regulatory (CCAR/DFAST) reporting knowledge a plus
Strong ability to communicate effectively and interact between all levels of seniority
Strong skills in Microsoft Office Suite (Word, Excel, PowerPoint, Access, Visio)
Strong aptitude to learn new concepts and models
Drive and enthusiasm to succeed and contribute to a team environment