Full-Time
Risk Manager/Senior Risk Manager
Model Validation
DWS Group
1,001-5,000 employees
Global asset manager delivering integrated investments
No salary listed
Mumbai, Maharashtra, India
In Person
The job description identifies Pune, India, while the ATS location identifies Mumbai; the ATS location is used as authoritative.
Bachelor's
 Finance & Banking (1) |
|---|
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- Strong experience in Model Governance and/or Model Risk Management.
- Strong knowledge of Model Risk regulatory requirements and industry standard practice.
- Experience in drafting policy and procedure documentation, and management information intended for a senior audience that includes senior management, oversight forums and regulators.
- Ability to collaborate successfully with stakeholders.
- Proven success as a trusted partner who implements change and positively influences change adoption by end users.
- Educated to degree level in a financial-related discipline or with relevant professional experience.
- Contribute to the enhancement of DWS model risk appetite and management framework definition.
- Engage model owners, users, and developers for the collation and ongoing maintenance of the DWS Model Inventory.
- Support the management of the model approval process, including administration for initial use approval, subsequent approvals, and model change oversight.
- Implement model risk governance processes, including model risk assessment and reporting to relevant governance forums.
- Interact with regulators and internal and external audit on model risk management topics.
- Compile and distribute model governance forum materials.
- Coordinate with Model Validation for the firm’s models and define validation priorities for in-house and vendor models based on regulatory guidance, internal policy and procedures, and best industry practice.
- 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 model findings and remediation status.
DWS Group is a global asset manager that handles investments for individuals and institutions. It offers a wide range of investment solutions across asset classes, including Active, Passive, and Alternatives, with a strong emphasis on environmental, social, and governance (ESG) factors. Its products work by combining in-house research, economists and investment professionals into a unified global CIO View to guide strategy, delivering funds and mandates aligned to growth trends. The company differentiates itself through its long track record (over 60 years), large global footprint (about 3,500 employees in offices worldwide), and its integrated approach across Active, Passive, and Alternatives with ESG integration to create targeted investment solutions. DWS aims to shape the future of investing and build the best foundation for its clients’ futures, offering stability and growth in a diverse, globally coordinated team.
Company Size
1,001-5,000
Company Stage
IPO
Headquarters
Frankfurt, Germany
Founded
1956
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Simplify's Take
What believers are saying
- Q2 2026 net inflows hit €24.8 billion, the strongest since DWS’s IPO.
- August 5, 2026 launched three Xtrackers fixed-income ETFs, expanding fee-bearing product breadth.
- August 13, 2026 Frankfurter Leben named DWS financing partner, opening insurance-investment growth.
What critics are saying
- DWS paid €25 million in April 2025; BaFin’s special sustainability review remains unresolved.
- Greenwashing allegations from Desiree Fixler still threaten client redemptions and fund re-labeling.
- Alternatives posted €0.7 billion Q2 2026 outflows; prolonged real-estate weakness erodes franchise credibility.
What makes DWS Group unique
- DWS’s Xtrackers managed over GBP 286 billion on 29 June 2026.
- DWS controls €1.19 trillion AuM and won Hesse-Baden-Württemberg’s €3-6 billion pension mandate.
- DWS pairs active, passive, and alternatives with Deutsche Bank distribution and insurer partnerships.
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Benefits
Health Insurance
403(b) not applicable
Comprehensive Hospitalization Insurance
Accident and Term life Insurance
Wellness Program
Mental Health Support
Employee Assistance Program
Sabbatical Leave
Flexible Work Hours
Unlimited Paid Time Off
Hybrid Work Options
Remote Work Options
Company News
DWS joins Frankfurter Leben Gruppe as strategic investor in Athora Deutschland acquisition. (IN BRIEF) Frankfurter Leben Gruppe is acquiring Athora Deutschland in its seventh transaction, expanding its portfolio to around 800,000 clients and approximately EUR 17 billion in assets under management, while DWS Group will support the deal as a long-term financing partner and strategic asset management partner. The transaction will see Frankfurter Leben Holding GmbH & Co. KG acquire Athora Verwaltungs GmbH and Athora Deutschland GmbH & Co. KG, including their subsidiaries, with employees transferring and continuing to service Athora portfolios. DWS will invest a low to mid double-digit million euro amount in a Restricted Tier 1 capital instrument, providing hybrid capital and supporting cooperation in investment management, particularly in institutional insurance and alternative investments. Frankfurter Leben said the acquisition strengthens its position as an independent life insurance portfolio consolidator and could deliver cost advantages, modern IT migration and streamlined administration for Athora clients, while completion remains subject to regulatory approvals and is expected in mid-2027. (PRESS RELEASE) FRANKFURT, 13-Aug-2026 - /EuropaWire/ - Frankfurter Leben Gruppe, an independent consolidator of life insurance portfolios, has announced the acquisition of Athora Deutschland in what will be the Group's seventh transaction. The acquisition will increase Frankfurter Leben Gruppe's portfolio to around 800,000 clients and approximately EUR 17 billion in assets under management. As part of the transaction, DWS Group will support Frankfurter Leben Gruppe as a long-term financing partner and will also enter into a strategic collaboration with the company. The agreement strengthens Frankfurter Leben Gruppe's position as a specialist in life insurance portfolio management and further supports consolidation in the German life insurance market. Dr Christian Wrede, CEO of Frankfurter Leben Holding GmbH & Co. KG, said the business model of a life insurance consolidator is based on efficiency for the benefit of both clients and investors. He said the acquisition of Athora Germany underlines Frankfurter Leben Gruppe's ambition to pursue what it sees as the best approach in this segment. Wrede added that DWS's commitment reinforces the company's conviction, while the strategic partnership with one of the leading asset managers in the insurance sector opens up further development opportunities. Increased efficiency in investment management Frankfurter Leben Gruppe said investment management for policyholders is one of the core responsibilities of run-off platforms. As regulatory requirements continue to increase, such platforms require broad expertise and access to international investment solutions. The cooperation between Frankfurter Leben Gruppe and DWS is intended to create scale advantages and improve efficiency in investment management. For DWS, the partnership with Frankfurter Leben Gruppe supports two strategically attractive growth areas: institutional insurance clients and alternative investments. Dr Stefan Hoops, CEO of DWS Group, said run-off platforms represent a growth area where DWS can contribute its expertise in a targeted way. He said DWS is pleased to support Frankfurter Leben Gruppe, an experienced partner, in the consolidation of the German life insurance market. Hoops added that, with its long-standing experience as a leading provider of client-focused retirement solutions in its home market and its expertise in alternatives, DWS is well positioned to become the preferred partner for managing Frankfurter Leben Gruppe's alternative investments. He said the partnership strengthens DWS's institutional insurance business and expands its presence in the growing market for insurance investments, while its investment expertise can help deliver enhanced outcomes for Frankfurter Leben Gruppe's clients. Client-focused and cost-efficient policy administration Todd Solash, Group Chief Executive Officer of Athora, said Frankfurter Leben Gruppe is well positioned to continue the prudent and effective management of Athora Germany's run-off business. He said that as Athora Group continues to focus on building scale and organic growth in the countries where it operates, the transition offers the best long-term path for all parties. Frankfurter Leben Gruppe specialises in the efficient and cost-effective administration of life insurance policies, aligned with policyholders' long-term objectives. The Group said clients benefit from a lower cost base, market-based surplus participation and strong customer service. Together with the Athora portfolios, Frankfurter Leben Gruppe will in future serve around 800,000 clients and manage investment assets of approximately EUR 17 billion. The collaboration with Athora could also generate additional cost advantages. Athora clients are also expected to benefit from migration to modern IT systems and more streamlined administration. Wrede said the transaction represents a win-win situation for all stakeholders. He added that pension reform is increasing competition between life insurers and asset managers while creating additional consolidation pressure across the market, and said Frankfurter Leben Gruppe believes it is well positioned to benefit from these developments. Continuity in client service As part of the acquisition, Frankfurter Leben Holding GmbH & Co. KG will acquire Athora Verwaltungs GmbH and Athora Deutschland GmbH & Co. KG, including their subsidiaries. Employees will also transfer as part of the transaction and will continue to service Athora portfolios. As strategic financing partner, DWS will invest a low to mid double-digit million euro amount in a Restricted Tier 1 capital instrument of Frankfurter Leben Gruppe, thereby providing hybrid capital. Completion of the transaction remains subject to regulatory approvals and is expected in mid-2027. The parties have agreed not to disclose further financial details. For further information please contact: Karsten Swoboda [email protected] +49 69 910 14941 Dr Hubert Becker, USC (Frankfurter Leben) [email protected] +49 160 5801877 About DWS Group DWS Group (DWS), with EUR 1,190 billion of assets under management (as of 30 June 2026), is a leading European asset manager with global reach. With approximately 5,000 employees in offices around the world, DWS offers individuals, institutions and large corporations access to comprehensive investment solutions and bespoke portfolios across the full spectrum of investment disciplines. Its diverse expertise in Active, Passive and Alternative asset management enables DWS to deliver targeted solutions for clients across all major liquid and illiquid asset classes. www.dws.com About Frankfurter Leben Gruppe Frankfurter Leben Gruppe specializes in acquiring life insurance portfolios from insurance companies and continuing to manage them. For clients, nothing changes: insurance policies continue with unchanged guarantees, terms and conditions. The insurance companies are subject to state supervision by the German Federal Financial Supervisory Authority (BaFin) and are members of the statutory guarantee scheme. Frankfurter Leben Gruppe currently includes Frankfurter Lebensversicherung AG, which also insures the Landeslebenshilfe portfolio, Frankfurt Münchener Lebensversicherung AG, Pro bAV Pensionskasse, Prudentia Pensionskasse and Frankfurter Pensionskasse. www.flgruppe.de/ About Athora Athora is a leading European savings and retirement services group. Athora concentrates on the large and attractive traditional life and pensions market, serving the needs of individual and corporate customers who continue to demand products with guarantees. Athora has assets under management and administration (AuMA) of €139 billion, c.2,100 employees and approximately 3.1 million customers (as of 31 December 2025 - figures are pro forma for Athora's UK acquisition of PICG which completed in March 2026, and include Athora Germany prior to the announced sale which is expected to complete in mid- 2027, subject to approvals). Athora Germany is a closed book of traditional life, unit-linked and pension policies, collectively totalling €3.5 billion of AuMA. www.athora.com MORE ON DWS GROUP, DWS, ETC.: EDITOR'S PICK:
HarbourVest hires DWS executive to expand private wealth coverage across Southern Europe. August 6, 2026 HarbourVest Partners has brought in former DWS executive Guido Lombardi as private wealth lead for France, Belgium, Luxe If you would like to access this article you must become a Premium Subscriber. Premium subscribers receive complete access to its daily breaking news, premium stories, weekly Fundraising & IR Review, Knowledge Bank and LP profiles - all which are accessible via its mobile platform.
DWS Group reached record assets under management of €1.19 trillion in Q2 2026, adding nearly €100 billion during the quarter. Total net flows accelerated to €24.8 billion, led by private wealth, the Americas and Germany. Xtrackers and active investments drove growth, with passive products attracting €11.7 billion and active equity returning to positive flows. Alternatives reported €700 million of outflows, largely reflecting €1.3 billion in capital returned to investors after infrastructure asset realisations. Revenue rose 4% year-over-year to €773 million and net income increased 11% to €237 million. DWS maintained its 2026 targets for 10–15% EPS growth, flat costs and a 55–57% cost-income ratio.
DWS has secured the mandate to manage a new specialist fund for pension reserves of the German states of Hessen and Baden-Württemberg. The fund will handle between €3 billion and €6 billion, investing in euro-denominated corporate bonds that comply with EU climate standards. The index-based Alternative Investment Fund will serve investors including Baden-Württemberg's pension fund, Hessen's retirement savings scheme, and federal reserves. The Bundesbank will acquire fund shares for its portfolios. DWS has appointed Florian Fritsche as head of institutional sales in Germany to strengthen client relationships. The asset manager holds a 3.26% voting stake in Elmos Semiconductor SE. DWS shares have risen 23.41% since the start of the year, trading at €69.85 against a UBS price target of €75.
DWS hires head of alternatives client coverage for Apac. DWS has appointed a former LaSalle IM executive as head of alternatives client coverage for Apac. 6 July 2026 DWS Asset Management has hired JB Park has head of alternatives client coverage for Apac as it seeks to grow its distribution in the region. Based in Singapore, Park will be responsible for delivering DWS's alternative investment solutions to clients in Asia Pacific, leading a team across Singapore, Hong Kong, Korea and Japan. Park joins the firm from LaSalle Investment Management where he spent 15 years in senior client-facing investor relations and investment roles, and will be focused on real estate, infrastructure and private credit strategies at DWS. Chuck Fiedler, global head of alternatives coverage at DWS, said: "Asia Pacific remains an important region for our global Alternatives franchise." "JB's extensive experience across investment execution, capital raising and client engagement will support our continued focus to deepen our Alternatives offering and support clients across the region." Vanessa Wang, region head of Asia Pacific, DWS Group and region head of Asia Pacific, client coverage division, added: "We are pleased to welcome JB to DWS at a time when Asia Pacific continues to be an important growth region for our global Alternatives business, with investors increasingly looking for experienced managers that can provide access to resilient real assets and private market opportunities." DWS cited Park's role and leadership in sourcing $1.8bn in new capital from investors in Japan, Australia and Korea at his previous firm. Earlier in his career he was head of alternative investments for Korea at Standard Chartered Bank. Park said: "I am thrilled to join DWS and excited to work with colleagues across Apac and globally to further strengthen our regional client partnerships to deliver long-term investment solutions." "DWS's global Alternatives expertise combined with local market insight is a clear strength for investors." Park holds a Master of Professional Studies in Real Estate from Cornell University and a Bachelor of Business Administration from Hankook University of Foreign Studies in Seoul. MORE ARTICLES ON