About the Opportunity

Job Type: Permanent

Application Deadline: 30 April 2026

Title                 Risk Manager – Model Validation

Department    FIL Fondsbank (FFB)

Location          Kronberg i.Ts., Germany

Reports To      Head of 2nd Line Risk Management

Level                Mid level

We’re proud to have been helping our clients build better financial futures for over 50 years. How have we achieved this? By working together - and supporting each other - all over the world. So, join our FFB Risk team and feel like you’re part of something bigger.

 

About your team :

Our Risk Management team is dedicated to ensuring the stability and security of our bank by identifying, assessing, and managing risks. With a strong focus on regulatory compliance, we proactively develop strategies for risk mitigation and ensure that our bank always maintains adequate capital buffers.

About your role :

In this role, you will act as an independent 2nd Line validation function, ensuring that all models used across FIL Fondsbank (FFB) are subject to a robust and consistent validation cycle. You will validate FFB’s risk model landscape, which primarily consists of simple to medium‑complexity models across several risk types (Market Risk, Credit Risk, Liquidity Risk, IRRBB, Business Risk, Pension Risk, ICAAP, including stress testing, and EUC‑based models).

You will help to ensure that FFB maintains a robust, well‑documented, audit‑ready model environment aligned with MaRisk, CRR/KWG and internal governance standards.

Key responsibilities :

• Maintain and further enhance FFB’s Model Inventory, including risk classification and validation cycle.

• Conduct independent validations covering model purpose, data quality, methodology, implementation logic, and testing of key assumptions and outputs, while maintaining clear separation from model development and ownership

• Prepare clear, decision‑oriented validations, present results to FFB governance (e.g., Executive Committee) including model approval recommendations and use restrictions and set minimum content for Validation Reports.

• Support EUC governance, including capturing and assessing EUCs, applying control standards, and assisting model owners with compliance requirements.

• Contribute to continuous improvement of the model lifecycle processes (change management, documentation standards, decommissioning) and maintain high‑quality templates, guidance documents, and validation procedures

• Support audits and regulatory reviews conducted by BaFin, Deutsche Bundesbank, and Internal Audit.

• Support a good model risk culture through guidance and collaboration with 1st line model owners

About you :

You bring strong expertise in model validation and are comfortable operating in a regulatory environment. The ideal candidate should have:

 

• 3–5 years of experience in model validation, model risk management, or a closely related quantitative risk function within banking or asset management.

• Degree in a quantitative discipline (e.g., Mathematics, Statistics, Econometrics, Computer Science, Physics) or equivalent experience.

• Strong understanding of regulatory expectations for model governance, including MaRisk, CRR/KWG and EBA/ECB guidance.

• Ability to analyze and understand a broad range of model types, including OpRisk, credit, market, liquidity, IRRBB, ICAAP, stress testing, and EUC‑based models.

• Proven ability to produce high-quality documentation, meeting German supervisory expectations and communicate validation outcomes clearly to senior stakeholders.

• Hands‑on proficiency with Python (preferred) and/or R; experience with version control, reproducible analysis, and data visualization.

• Ability to exercise independent judgement and maintain objectivity in challenging model owners and stakeholders.

• Strong written and verbal communication skills in English and German.

• High integrity, curiosity, and resilience; a pragmatic, delivery‑focused mindset.

 

Feel rewarded :

For starters, we’ll offer you a comprehensive benefits package. We’ll value your wellbeing and support your development. And we’ll be as flexible as we can about where and when you work – finding a balance that works for all of us. It’s all part of our commitment to making you feel motivated by the work you do and happy to be part of our team. For more about our work, our approach to dynamic working and how you could build your future here, visit careers.fidelityinternational.com. :

For more about our work, our approach to dynamic working and how you could build your future here, visit careers.fidelityinternational.com.

Please note we are committed to providing equal opportunities to all candidates, regardless of background, religion, sexual orientation or identity. We value diversity and strive to create an inclusive environment where every individual can thrive and contribute with their unique skills.

About the Opportunity

Job Type: Permanent

Application Deadline: 13 March 2026

Title: Assistant Manager - Model Risk

Department: Model Risk, which is part of larger Enterprise Risk team

Type: Permanent                    

Reports To: Associate Director, Model Risk                           

Level:  4

 

We’re proud to have been helping our clients build better financial futures for over 50 years. How have we achieved this? By working together - and supporting each other - all over the world. So, join our team and feel like you’re part of something bigger.

 

Department Description

 

Global Risk:

The risk team in Fidelity covers the management oversight of Fidelity’s risk profile including key risk frameworks, policies and procedures and oversight and challenge processes. The team partner with the businesses to ensure Fidelity manages its risk profile within defined risk appetite.

 

The team is circa 120-strong, and growing, covering all facets of risk management including investment, operational, enterprise, and technology risk.

 

 

Enterprise Risk Management (ERM) Function:

The ERM function is lead from Singapore and the primary purpose of the ERM team is to ensure that the business is managing risk within its agreed risk appetite, and in accordance with ERM Framework in place. The ERM function is also responsible for capital management, key risk regulatory reporting, policy governance and the ERM framework. It also acts as the oversight function for model risk, strategic risk, financial risk, ESG risk and strategic ventures. The ERM team size is currently 35, and the Model Risk team size is 12.

 

 

Purpose of your role

Your role will lead or support model validations. You'll undertake theoretical analysis and review of material models across asset classes, understanding the mathematical models and AI/ML models used and their implementation methods. You will also help with the continual development and maintenance of the model inventory and a model risk assessment process. Naturally, you'll actively engage and manage relationships with various stakeholders.

Key Responsibilities

• Perform model validations and deliver high quality reports
• Stakeholder management, including with senior management model owners
• Contribute to the quality of the inventory data, incl. reporting data, materiality assessments, etc
• Support the development of modelling standards
• To provide SME advisory and assurance that models meet policy and regulatory requirements.
• To provide expert support and guidance to all stakeholders on model development and validation activities, to help ensure the global model risk operating model is consistently adopted in processes and procedures, and to help model owners, users and developers understand minimum standards, make use of templates, etc.
• Establish and maintain highly effective working relationships with all key internal stakeholders

• Support model governance activities

Experience and Qualifications Required

• Hands on experience building, enhancing and running model validation processes
• An understanding of all model types (investment, pricing, risk & capital) preferred
• Experience in quantitative risk related roles in the financial sector - investment banking or asset management is preferable.
• Ability to demonstrate project delivery across model validation, model documentation will be highly advantageous.
• Hands-on mentality
• Excellent at providing innovative ideas and comfortable working under pressure
• Strong MS Excel & expertise with VBA, model library programming (C++, Java, Python &/or other).
• Dedicated to maintaining high quality standards and client satisfaction
• University degree in Quantitative/Finance/Mathematical subject or similar
• At least 3 years post-qualification experience.

• CFA/FRM/CQF and/or strong expertise in AI and ML models, would be advantageous

 

Feel rewarded

 

For starters, we’ll offer you a comprehensive benefits package. We’ll value your wellbeing and support your development. And we’ll be as flexible as we can about where and when you work – finding a balance that works for all of us. It’s all part of our commitment to making you feel motivated by the work you do and happy to be part of our team. For more about our work, our approach to dynamic working and how you could build your future here, visit careers.fidelityinternational.com.

 

For more about our work, our approach to dynamic working and how you could build your future here, visit careers.fidelityinternational.com.

 

About the Opportunity

Job Type: Permanent

Application Deadline: 28 February 2026

Title: Assistant Manager - Model Risk

Department: Model Risk, which is part of larger Enterprise Risk team

Type: Permanent                    

Reports To: Associate Director, Model Risk                           

Level:  4

 

We’re proud to have been helping our clients build better financial futures for over 50 years. How have we achieved this? By working together - and supporting each other - all over the world. So, join our team and feel like you’re part of something bigger.

 

Department Description

 

Global Risk:

The risk team in Fidelity covers the management oversight of Fidelity’s risk profile including key risk frameworks, policies and procedures and oversight and challenge processes. The team partner with the businesses to ensure Fidelity manages its risk profile within defined risk appetite.

 

The team is circa 120-strong, and growing, covering all facets of risk management including investment, operational, enterprise, and technology risk.

 

 

Enterprise Risk Management (ERM) Function:

The ERM function is lead from Singapore and the primary purpose of the ERM team is to ensure that the business is managing risk within its agreed risk appetite, and in accordance with ERM Framework in place. The ERM function is also responsible for capital management, key risk regulatory reporting, policy governance and the ERM framework. It also acts as the oversight function for model risk, strategic risk, financial risk, ESG risk and strategic ventures. The ERM team size is currently 35, and the Model Risk team size is 12.

 

 

Purpose of your role

Your role will lead or support model validations. You'll undertake theoretical analysis and review of material models across asset classes, understanding the mathematical models and AI/ML models used and their implementation methods. You will also help with the continual development and maintenance of the model inventory and a model risk assessment process. Naturally, you'll actively engage and manage relationships with various stakeholders.

Key Responsibilities

• Perform model validations and deliver high quality reports
• Stakeholder management, including with senior management model owners
• Contribute to the quality of the inventory data, incl. reporting data, materiality assessments, etc
• Support the development of modelling standards
• To provide SME advisory and assurance that models meet policy and regulatory requirements.
• To provide expert support and guidance to all stakeholders on model development and validation activities, to help ensure the global model risk operating model is consistently adopted in processes and procedures, and to help model owners, users and developers understand minimum standards, make use of templates, etc.
• Establish and maintain highly effective working relationships with all key internal stakeholders

• Support model governance activities

Experience and Qualifications Required

• Hands on experience building, enhancing and running model validation processes
• An understanding of all model types (investment, pricing, risk & capital) preferred
• Experience in quantitative risk related roles in the financial sector - investment banking or asset management is preferable.
• Ability to demonstrate project delivery across model validation, model documentation will be highly advantageous.
• Hands-on mentality
• Excellent at providing innovative ideas and comfortable working under pressure
• Strong MS Excel & expertise with VBA, model library programming (C++, Java, Python &/or other).
• Dedicated to maintaining high quality standards and client satisfaction
• University degree in Quantitative/Finance/Mathematical subject or similar
• At least 3 years post-qualification experience.

• CFA/FRM/CQF and/or strong expertise in AI and ML models, would be advantageous

 

Feel rewarded

 

For starters, we’ll offer you a comprehensive benefits package. We’ll value your wellbeing and support your development. And we’ll be as flexible as we can about where and when you work – finding a balance that works for all of us. It’s all part of our commitment to making you feel motivated by the work you do and happy to be part of our team. For more about our work, our approach to dynamic working and how you could build your future here, visit careers.fidelityinternational.com.

 

For more about our work, our approach to dynamic working and how you could build your future here, visit careers.fidelityinternational.com.