Risk Manager/Senior Risk Manager - Model Validation

Role Description

At DWS, were capturing the opportunities of tomorrow. You can be part of a leading, client-committed, global Asset Manager, making an impact on individuals, communities, and the world.

Join us on our journey, and you can shape our transformation by working side by side with industry thought-leaders and gaining new and diverse perspectives. You can share ideas and be yourself, whilst driving innovative and sustainable solutions that influence markets and behaviours for the better.

Every day brings the opportunity to discover a new now, and here at DWS, youll be supported as you overcome challenges and reach your ambitions. This is your chance to lead an extraordinary career and invest in your future.

Read more about DWS and who we are here.

Team / division overview

The Risk platform is the independent risk oversight function of DWS. Model Risk is part of the Risk function and is designed to provide governance and control to manage a variety of models used in the Firm and associated risks. The Model Risk team works as a global organization with team members in New York, London and Frankfurt with a focus around validating, testing and overseeing the usage of models related to Corporate Risk (liquidity/economic capital) and Investment Risk for Liquid and Illiquid investment strategies.

What we'll offer you

As part of our flexible scheme, here are just some of the benefits that youll enjoy

Best in class leave policy

Gender neutral parental leaves

100% reimbursement under childcare assistance benefit (gender neutral)

Sponsorship for Industry relevant certifications and education

Employee Assistance Program for you and your family members

Comprehensive Hospitalization Insurance for you and your dependents

Accident and Term life Insurance

Complementary Health screening for 35 yrs. and above

Your key responsibilities

As a Risk Manager you will

Contribute to the enhancement of DWS model risk appetite and management framework definition

Engage model owners/users/developers for the collation and ongoing maintenance of the DWS Model Inventory

Support the management the model approval process, administration for initial use approval, subsequent approvals and model change oversight

Implement model risk governance processes including model risk assessment and reporting thereon to relevant governance forums

Interact with regulators and internal/external audit on model risk management topics

Compile and distribute model governance forum materials

Coordinate with Model Validation for the firms models; define validation priorities for both in-house and vendor models, based on regulatory guidance, internal policy and procedures and best industry practice

Work with technology partners to design and roll out the firms strategic model inventory and workflow solution

Review validation findings, recommendations and reports, while tracking and reporting of model findings and remediation status

Your skills and experience

Strong experience in Model Governance and/or Model Risk Management

Strong knowledge of Model Risk regulatory requirements and industry standard practice

Experience in drafting policy and procedure documentation, and MIS intended for a senior audience that includes senior management, oversight forums and regulators

Exceptional interpersonal skills and ability to collaborate successfully

Proven success as a trusted partner who implements change and positively influences change adoption by end users

Educated to degree level in a financial related discipline or with relevant professional experience

How we'll support you

Training and development to help you excel in your career

Coaching and support from experts in your team

A culture of continuous learning to aid progression

A range of flexible benefits that you can tailor to suit your needs