Deutsche Bank, which is gearing to develop its in-house engineering capabilities, is all set to hire 1,000 techies for its tech centres in India. It has already taken on 300 freshers from some of the top engineering institutes in India, including the IITs NITs and BITS Pilani, who will join in less than four months. It is now actively looking for lateral hires.
Before being finally placed, the fresh graduates will be put through a six-month long job rotation and be part of a year-long continuous development initiative. They will be trained to be full-stack developers with knowledge of tech development.
The technology team of the Bank in India is actively involved in developing big data and contributing to the simulation for value at risk (VAR), which happens to be an important measure of market risk.
Sixty per cent of the Bank’s workforce in India consists of engineering talent. It has about 4,000 employees in its tech centres in Pune and Bengaluru. The Bank expects to focus on building a pool of cloud-ready talent capable of working in a hybrid cloud environment.
Its workforce in India is skilled in big data and analytics and supports credit risk and market risk platforms. The Indian teams ensure that digital signatures are embraced and used in the business systems and workflows. Its design and architecture team boasts of about 15 architects, who offer relevant solutions, designs and codes.
The Bank expects to migrate to the cloud over the next couple of years. Therefore, even the senior leaders will be trained on Google Cloud.