Junior Quantitative Risk Analyst - Model Validation (f/m/d)
Deutsche Börse Group
- Frankfurt (Germany)
- Published: April 10 2021
Risk analysts identify and analyse risks in accordance with a bank’s legal obligations and interests. Analysts generally specialise in one type of risk early in their career (perhaps counterparty risk, market risk, liquidity risk or operational risk).
Sectors: auditing, finance, management
Monthly gross salary for a junior risk analyst: €2,900 - €3,750
Synonyms: financial risk analyst, risk controller, operational risk manager, banking risk officer, risk manager, operational risk officer, risk and liability analyst
Risk analysts may spend their days investigating funding applications submitted by account managers and customer advisers. Once they’ve analysed the risk involved, they’ll take a position on the feasibility of the application and pass on their opinion on the related level of risk.
To determine the ratio of risk against potential profit, risk analysts have to update, optimise and work with a wide range of different indicators, including risk mapping within their specific fields, working with sensitive risk monitoring lists, running mathematical modelling simulations, reading research papers, quantified analyses, using scoring techniques, and so on. They also have to carry out checks to verify that procedures are being followed and that any amounts of credit authorised are entirely correct.
Analysts oversee a range of existing procedures that need to be updated regularly. They also draft new procedures designed to protect banks from various risks. Another key part of their role is drafting incident management procedures.
Finally, analysts are responsible for developing dashboards and writing internal reports whilst monitoring the progress of banking operations and any corrective actions that have been put in place. These tasks are far from exhaustive and the scope of activity risk analysts are involved in will vary greatly according to their specialisms and place of work.
Meticulous and precise
Good knowledge of banking products
Comfortable using mathematical models and statistical tools
Able to analyse financial risks
Understanding of a bank’s accounting procedures and the International Financial Reporting Standards
Masters in mathematics, statistics, banking, auditing or finance
Business studies background with a focus on auditing or finance
Statistics and finance experience
Studies related to banking
Deutsche Börse Group
HypoVereinsbank - Member of UniCredit