I applied online. The process took 4 weeks. I interviewed at Deutsche Bank (Berlin) in Mar 2022
Interview
Two interviews, one with HR and one technical. The whole application process lasted about 1 month. Responses were fast (day after interview). The technical interview was pretty mathematical and statistical. A general preparation for basic questions about statistics, financial math and stochastic process is beneficial. Reading a basic paper about quantitative paper might be a bonus point. HR interview was in German, technical interview in English.
Interview questions [5]
Question 1
Tell me a bit about yourself and your experiences (work, university). Based on this, some technical questions might be asked.
How is a Markov chain defined? What is a transition matrix. How could it be used to model credit ratings? If you had the transition matrix for 1 year, how would you calculate the transitions for more than 5 years?
How would you go about doing a regression for the default probability based on other data? What steps would you go through? How could you examine the model's performance?