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Job Description:

Job Title Quantitative Developer 

Location London

Corporate Title Associate

Group Strategic Analytics (GSA) is part of Group Chief Operation 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.

GSA concentrates Deutsche Bank’s quantitative and modelling expertise within a single unit. With group-wide responsibility for model development GSA takes a cross-business and cross-functional approach to solving quantitative modelling and analytics challenges and rolls out common development standards.

You will join the Market Risk Strats unit within GSA, which is a team comprised of people with technology, front office quant and market risk and methodology experience.

Your immediate focus will be on platform development and model implementation for Market Risk and Capital calculation, such as Fundamental Review of the Trading Book (FRTB), Value at Risk (VaR), Stress Testing and Economic Capital, as well as supporting stakeholders. You will also be involved in a further build-out of a scalable and flexible Front Office pricing and risk management system with consistent interface to Market and Credit Risk, Finance and Treasury.

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

  • Design, implement and maintain high-quality software components for market risk calculations including Stress Testing, FRTB and related calculations
  • Participate in the development of production applications implemented in Python and C++
  • Maintain a rigorous focus on system stability, and completeness and accuracy of calculations, as applications are developed, and continue with this focus as they are used in production
  • Analyse and explain calculated numbers, work with traders, risk managers and strategist colleagues to continuously improve models and risk management and pricing tools

Your skills and experience

  • Strong Python programming skills with demonstrated experience in developing robust, maintainable codebases
  • Quantitative background, analytical skills and ability to efficiently solve problems proactively
  • Understanding of the disciplines and tools which are used to deliver robust, high-quality applications: source control, unit-testing, regression testing, release and deployment controls
  • Prior exposure to finance, in particular subjects such as derivatives and value at risk preferred
  • Experience of C++ development is further advantageous
  • Enthusiasm to learn new subjects and ability to work and collaborate in a team

How we’ll support you

  • 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
  • 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 (for example, screen readers, assistive hearing devices, adapted keyboards)

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 in The Times Top 50 Employers for Gender Equality 2024 for five 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.

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.

Average salary estimate

$80000 / YEARLY (est.)
min
max
$70000K
$90000K

If an employer mentions a salary or salary range on their job, we display it as an "Employer Estimate". If a job has no salary data, Rise displays an estimate if available.

What You Should Know About Quantitative Developer, DB

If you’re looking to take your career to the next level, the role of Quantitative Developer at Deutsche Bank in London may be your perfect opportunity! In this position, you will be a key player in the Group Strategic Analytics (GSA) team, bridging the gap between the bank's business and its infrastructure functions. Your expertise will contribute to enhancing efficiency and driving transformation goals across the bank. You’ll be diving deep into market risk and capital calculations, engaging with vital projects like the Fundamental Review of the Trading Book (FRTB) and Value at Risk (VaR). Collaboration is at the heart of this role, as you'll work closely with traders, risk managers, and other quantitative experts to develop a scalable pricing and risk management system. We offer you a vibrant work-life balance through hybrid working options, a competitive salary, and a supportive environment focused on your development and well-being. You’ll enjoy 30 days of holiday, private healthcare, and a variety of flexible benefits like retail discounts and gym memberships. If you're proactive, passionate about programming in Python, and ready to tackle complex quantitative challenges, the Quantitative Developer position at Deutsche Bank might just be the next step in your career journey!

Frequently Asked Questions (FAQs) for Quantitative Developer Role at DB
What are the key responsibilities of a Quantitative Developer at Deutsche Bank?

As a Quantitative Developer at Deutsche Bank in London, you will be responsible for designing, implementing, and maintaining high-quality software components for market risk calculations, including Stress Testing and FRTB. You’ll participate in developing production applications using Python and C++, ensuring system stability and accuracy of calculations, while collaborating with traders and risk managers to enhance models.

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What skills are essential for a Quantitative Developer role at Deutsche Bank?

The ideal Quantitative Developer at Deutsche Bank should possess strong Python programming skills and a quantitative background with a knack for problem-solving. Experience with C++ is advantageous, and a solid understanding of tools for delivering robust applications—like source control and testing methodologies—is crucial. A passion for learning and teamwork is equally important.

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Is prior finance experience necessary for the Quantitative Developer position at Deutsche Bank?

While prior experience in finance is preferred for the Quantitative Developer role at Deutsche Bank, particularly with derivatives and value at risk, demonstrated technical proficiency and a solid quantitative foundation can significantly enhance your application. Training and support will be provided to help you thrive.

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What can a Quantitative Developer expect in terms of support and development at Deutsche Bank?

Deutsche Bank offers extensive support for its Quantitative Developers, including coaching from experts within the team, a culture of continuous learning, and flexible benefits tailored to suit individual needs. Commitment to employee well-being and professional growth is a top priority.

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How does Deutsche Bank promote diversity and inclusion for its Quantitative Developers?

Deutsche Bank is dedicated to fostering a diverse and inclusive environment for all employees, including Quantitative Developers. The bank has received notable awards for gender equality and LGBTQ+ inclusion, and actively promotes reasonable adjustments for individuals with disabilities, ensuring that everyone can thrive.

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Common Interview Questions for Quantitative Developer
What motivated you to apply for the Quantitative Developer position at Deutsche Bank?

In answering this question, it’s wise to emphasize your passion for quantitative analysis and programming. Highlight your admiration for Deutsche Bank’s innovative approach to quantitative modeling and how you see yourself contributing to their mission of efficiency and transformation.

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Can you explain your experience with Python and how it relates to the Quantitative Developer role?

Be specific about your experience with Python, including projects you’ve worked on and technologies you’ve used. Discuss how you’ve implemented Python in market risk analysis or similar applications, showcasing your ability to produce robust and maintainable code.

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How do you ensure the accuracy and reliability of your calculations?

Demonstrate your understanding of rigorous testing methodologies, such as unit testing and regression testing. Describe a situation where you implemented such practices and the impact they had on ensuring accuracy in your projects.

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Describe a challenging problem you solved using quantitative methods.

Choose an example that showcases your analytical skills and your approach to problem-solving. Discuss how you identified the issue, the quantitative methods you employed, and the successful outcome that followed.

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How do you prioritize tasks when working on multiple projects simultaneously?

During your response, illustrate your organizational skills. Talk about how you assess project urgency and impact, and mention tools or methods you use—like task management software—to maintain focus and efficiency.

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What is your understanding of the FRTB regulations?

Share your knowledge of FRTB and its implications for market risk calculations. Explain how it relates to your experience or interests in quantitative analysis and how you would apply this knowledge as a developer at Deutsche Bank.

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How do you approach collaboration with traders and risk managers?

Discuss your communication skills and your belief in teamwork. Provide an example of a time when you collaborated with stakeholders, emphasizing your ability to listen, understand their needs, and translate that into actionable quantitative solutions.

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What do you believe are the key skills of a successful Quantitative Developer?

Your answer should reference both technical skills—like programming and mathematical modeling—and soft skills, such as communication and collaboration. Emphasize the balance needed to succeed in such a multidisciplinary role.

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How do you keep yourself updated with the latest technologies and trends in quantitative finance?

Share specific resources you utilize, such as online courses, professional publications, or industry conferences. Highlight your commitment to continuous learning in an evolving field, and any relevant courses you've recently completed.

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What is your experience with C++, and how does it mix with your work as a Quantitative Developer?

Detail your C++ experience, focusing on specific projects where you've used the language to solve complex quantitative problems. Discuss how this experience complements your skills in Python and how you see both languages working together in the role.

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EMPLOYMENT TYPE
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DATE POSTED
April 17, 2025

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