Commodities Model Validation Quantitative Analyst

Job Title Commodities Model Validation Quantitative Analyst

Location London

Corporate Title Vice President

The pricing Model Risk Management (MoRM) team provides independent oversight and governance for senior managers of model analytics and their implementation into the risk architecture that drive valuation, risk and stress results. 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 Deutsche Bank. You will execute these responsibilities across Commodities and Power products. Reviews and analysis require deep understanding of the mathematical models used, implementation methods, products traded in these markets, and the associated risks.

You will be required to independently test and implement model/products (where appropriate). You will discuss the outcomes with key model stakeholders including Trading; Front Office Quants; Market Risk Managers; and Finance Controllers. Additional responsibilities include active engagement with the due diligence aspects of the New Product Approval Process and involvement in bank wide strategic initiatives

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.

You can expect:  

• Hybrid Working - we understand that employee expectations and preferences are changing. We have implemented a model that enables eligible employees to work remotely for a part of their working time and reach a working pattern that works for them
• 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

• Assess commodity derivatives models, including their assumptions, methodology, implementation, and limitations.

• Apply quantitative methods to evaluate model behaviour and derivative pricing.

• Communicate findings, model risks, and recommendations clearly to stakeholders.

• Participate in the wider team validation activities and validation initiatives within MoRM.

Your skills and experience

• PhD or Masters in a numerate subject such as Mathematics, Financial Mathematics, Physics, or Statistics; alternatively, a relevant postgraduate qualification or equivalent work experience.

• Strong experience in commodities or related asset classes, with experience in Model Validation or a Front Office Quant role.

• Strong mathematical knowledge, including stochastic calculus, partial differential equations, Monte Carlo methods, finite difference methods, and numerical algorithms.

• Good understanding of commodity derivatives models or related asset classes, and a strong interest in financial markets and derivative pricing.

• Experience coding in Python or working in a managed codebase, with excellent written and verbal communication skills.

• Excellent interpersonal and communication skills with the ability to effectively partner together and collaborate with colleagues and diverse stakeholders

• Proven ability to use AI tools to improve productivity and solve business problems, applying critical judgment and using data and AI outputs responsibly and ethically.

How we’ll support you

• A culture of continuous learning to aid progression
• 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)

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Deutsche Bank in the UK is proud to be named in The Times Top 50 Employers for Gender Equality and has been awarded a Proud Employer Trailblazer Status from Stonewall and named in their Top 100 Employers.  

If you have a disability, health condition, or require any adjustments during the application process, we encourage you to contact our Adjustments Concierge at [email protected] to discuss. For more information about our recruitment process and available adjustments, please visit our Hiring Experience page. 

We strive for a culture in which we are empowered to excel together every day. This includes acting responsibly, thinking commercially, taking initiative and working collaboratively.

Together we share and celebrate the successes of our people. Together we are Deutsche Bank Group.

We welcome applications from all people and promote a positive, fair and inclusive work environment.