Financial Modeling Specialist - Vice President

Deutsche Bank Jacksonville , FL 32277

Posted 2 months ago

Financial Modeling Specialist

  • Vice President

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

  • Veterans/Disabled and other protected categories. Click these links to view the "EEO is the Law" poster and pay transparency statement.

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

Job Summary

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.

Primary Responsibilities:

  • 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:

  • Treasury

  • Business Unit Chief Operating Officers

  • Chief Data Office

  • Financial Regulatory Reporting Team

  • Product Finance

  • Technology and Operations

  • DWS Audit, as required

  • Model Risk Management

  • Enterprise Risk Management

Job Requirements:

  • 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

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Financial Modeling Specialist - Vice President

Deutsche Bank