Senior Model Risk Governance Manager

DWS Group (DWS) is one of the world's leading asset managers with EUR 833bn of assets under management (as of 30 June 2022). Building on more than 60 years of experience, it has a reputation for excellence in Germany, Europe, the Americas and Asia. DWS is recognised 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 investment approach strategically.

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:

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:

• Competitive salary and non-contributory pension
• A range of flexible benefits including Retail Discounts, a Bike4Work scheme and Gym benefits
• Life Assurance and Private Healthcare for you and your family
• 30 days’ holiday plus bank holidays, with the option to purchase additional days
• The opportunity to support a wide-ranging CSR programme + 2 days’ volunteering leave per year

Your key responsibilities:

• Compile and distribute model governance forum materials
• Manage the model approval process, administration for initial use approval, subsequent approvals and model change oversight
• Contribute to the enhancement of DWS model risk appetite and management framework definition
• 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
• Coordinate with Model Validation for the firm’s models; define validation priorities for both in-house and vendor models, based on regulatory guidance, internal policy and procedures and best industry practice
• Engage model owners/users/developers for the collation and ongoing maintenance of the DWS Model Inventory
• Work with technology partners to design and roll out the firm’s 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 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
• Educated to degree level in a financial related discipline or with relevant professional experience
• Proven success as a trusted partner who implements change and positively influences change adoption by end users
• Strong experience in Model Governance and/or Model Risk Management
• Exceptional interpersonal skills and ability to collaborate successfully

How we’ll support you:

• Flexible working to assist you balance your personal priorities
• Coaching and support from experts in your team
• Training and development to help you excel in your career

It is DWS’s expectation that employees hired into this role will work in the New York or London office in accordance with the firm’s hybrid working model.

DWS provides reasonable accommodations to candidates and employees with a substantiated need based on disability and/or religion.

The salary range for this position in New York City is $101,250 to $180,000. Actual salaries may be based on a number of factors including, but not limited to, a candidate’s skill set, experience, education and other qualifications. Posted salary ranges do not include incentive compensation or any other type of remuneration.

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.

We are an Equal Opportunity Employer - Veterans/Disabled and other protected categories. Click these links to view the following notices: "EEO is the Law poster" and supplement ; Employee Rights and Responsibilities under the Family and Medical Leave Act ; Employee Polygraph Protection Act and Pay Transparency Nondiscrimination Provision .