Job Description: Job Title Quantitative Analyst Location London Corporate Title Vise President (VP) The Model Risk Management (MoRM) team provides independent oversight and governance of model analytics and their implementation into the risk architecture that drive valuation, risk and stress results. Pricing Model Validation as part of MoRM is responsible for the independent review and analysis of all derivative pricing models used for valuation and risk across the bank. In the role you will independently review and analyse derivative models for price and risk of equity/funds and other pricing models. You will be expected to perform model validation testing and derive conclusions leading to proper assessment of the model risk involved. The outcome of review and analysis and independent implementation (in C++) will form the basis of discussion with key model stakeholders including: Front Office Trading; Front Office Quants; Market Risk Managers; and Finance Controllers. What we’ll offer you A healthy, engaged and well-supported workforce are better equipped to do their best work and, more importantly, enjoy their lives inside and outside the workplace. That’s why we are committed to providing an environment with your development and wellbeing at its centre. Hybrid Working We understand that employee expectations and preferences are changing. We have implemented a Hybrid Working Model that enables eligible employees to work remotely for a part of their working time and reach a working pattern that works for them. You can expect: Competitive salary and non-contributory pension 30 days’ holiday plus bank holidays, with the option to purchase additional days Life Assurance and Private Healthcare for you and your family A range of flexible benefits including Retail Discounts, a Bike4Work scheme and Gym benefits The opportunity to support a wide ranging CSR programme + 2 days’ volunteering leave per year Your key responsibilities Reviews and analysis require deep understanding of the mathematical models used, implementation methods, products traded in these markets, and the associated risks. In addition to theoretical analysis and review it is required (where appropriate) that model/products are independently implemented in a managed C++ library. Perform model validation testing and derive conclusions leading to proper assessment of the model risk involved. The outcome of review and analysis and independent implementation (in C++) will form the basis of discussion with key model stakeholders including: Front Office Trading; Front Office Quants; Market Risk Managers; and Finance Controllers. Your skills and experience PhD qualification in numerate subject such as Mathematics, Physics. Exceptionally strong candidates with MSc/MPhil post-graduate qualifications or equivalent work experience will also be considered. Experience in technical Model Validation derivative pricing team or Front Office Quant role. Excellent mathematical ability with an understanding of Stochastic Calculus, Partial Differential Equations, Monte-Carlo Methods, Finite Difference Methods, and Numerical Algorithms. Understanding of derivative pricing models and exotic/structured products Experience coding in C++ and python in a managed codebase. Excellent communication skills – both written and oral. How we’ll support you Flexible working to assist you balance your personal priorities A culture of continuous learning to aid progression An opportunity to work in a technical team in top tier bank that allows self-development and building high level expertise in exotic derivative products and pricing models A range of flexible benefits that you can tailor to suit your needs We value diversity and as an equal opportunities’ employer, we make reasonable adjustments for those with a disability such as the provision of assistive equipment if required (e.g. screen readers, assistive hearing devices, adapted keyboards) About us and our teams Deutsche Bank is the leading German bank with strong European roots and a global network. Click here to see who we are and more. Our values define the working environment we strive to create – diverse, supportive and welcoming of different views. We embrace a culture reflecting a variety of perspectives, insights and backgrounds to drive innovation. We build talented and diverse teams to drive business results and encourage our people to develop to their full potential. Talk to us about flexible work arrangements and other initiatives we offer. We promote good working relationships and encourage high standards of conduct and work performance. We welcome applications from talented people from all cultures, countries, races, genders, sexual orientations, disabilities, beliefs and generations and are committed to providing a working environment free from harassment, discrimination and retaliation. Visit Inside Deutsche Bank to discover more about the culture of Deutsche Bank including Diversity, Equity Inclusion, Leadership, Learning, Future of Work and more besides. Deutsche Bank provides commercial and investment banking, retail banking, transaction banking and asset and wealth management products and services to corporations, governments, institutional investors, small and medium-sized businesses, and private individuals. Deutsche Bank is Germany’s leading bank, with a strong position in Europe and a significant presence in the Americas and Asia Pacific.