Change Analyst – Credit Risk Change Business Analyst

Job Title: Change Analyst – Credit Risk Change Business Analyst
Location: London
Corporate Title: Associate

Group Strategic Analytics (GSA) is part of Group Chief Operating Office (COO) which acts as the bridge between the Bank’s businesses and infrastructure functions to help deliver the efficiency, control, and transformation goals of the Bank.

The Credit Risk Management (CRM) Change function within GSA is responsible for driving and facilitating regulatory compliance, strategic transformation and process re-engineering programmes of work in relation to managing the end-to-end credit life cycle.

You will be joining the Change Team for Counterparty Credit Risk (CCR) within GSA, supporting the CRM function.

Assigned to the CCR Change Team, you will play a key role in improving Deutsche Bank’s internal model method (IMM) and credit limit monitoring framework for potential future exposure (PFE) on derivatives and Security Financing Transactions (SFT). IMM is used for the purpose of measuring capital requirements linked to counterparty risk. Ultimately, the aim is to further strengthen the contribution made by the Risk business function in an effort to cement our position as a risk-cognisant, customer-focused and profitable investment bank, including the efficient utilisation of shareholder capital and strong counterparty risk management.
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

• Collaborate with CCR Methodology, Deutsch Bank Analytics (DBA) and IT teams to map out effective end-to-end data flows and business processes.
• Support of business processes, e.g. margin and collateral modelling, model back-testing, wrong-way risk, etc.
• Support the CCR Change team to work with stakeholders from IT, CCR Strats and CRM in order to define realistic project plans, define end to end solutions and track progress. This will then be translated into “Agile Epics & Features” and milestones.
• Support in defining and reviewing test cases as part of the deployment of the solutions in order to ensure the implementation meets the business requirements and expectations.
• Put in place tools in Python to improve the workflow, e.g. assessing impact runs.
   

Your skills and experience

• University degree in a relevant subject such as Physics, Chemistry, (Business) Mathematics, Computer Science, Finance or a similar discipline. MSc/PhD preferred. Experience in change projects relating to credit risk, counterparty credit risk, or market risk would be an advantage
• Good understanding of capital market products such as securities and derivatives as well as a keen interest in broadening your horizons with regard to investment banking in global capital markets.
• Proficient in the use of several computer languages, e.g. Python, SQL, or similar, for the purpose of communicating in your dealings with IT teams and implementing tools in your day to day work.

• The ability and motivation to drive large scale projects. You will be able to multi-task and work under pressure.
• Excellent interpersonal skills with the ability to collaborate and partner with various teams, and to be able to explain complex concepts effectively
   

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
   

About us

Deutsche Bank is the leading German bank with strong European roots and a global network. Click here to see what we do.

Deutsche Bank in the UK is proud to have been named The Times Top 50 Employers for Gender Equality 2025 for six consecutive years. Additionally, we have been awarded a Gold Award from Stonewall and named in their Top 100 Employers 2024 for our work supporting LGBTQ+ inclusion.

If you have a disability, health condition, or require any adjustments during the application process, we encourage you to contact our Adjustments Concierge on [email protected] to discuss how we can best support you. Alternatively, you can share your phone number, and a member of the team will be happy to call you to talk through your specific requirements.

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.