Junior Quantitative Risk Analyst - Model Validation fmd
Junior Quantitative Risk Analyst - Model Validation fmd
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Job Description
Field of activity
You will be part of the Model Validation team which is key to Eurex Clearings Model Risk Management. As a part of the second line risk management function you will be responsible for regular and ad hoc model reviews considering a changing regulatory environment and market conditions define model risk and validation guidelines and develop validation methods. Your primary role is to drive and participate in the validation of the risk models enabling the growth strategy of Eurex.
Model Validation reports directly to the Chief Risk Officer of Eurex Clearing and you will have regular opportunities to present your contribution to senior management and regulators. In addition team members have the opportunity to work on crossfunctional strategic projects of Deutsche Brse Group.
Tasks/responsibilities
As a quantitative Risk Analyst in Model Validation your tasks will include:
- Validation of Eurex Clearing risk models performing regular and adhoc validation analyses and tests
- Writing comprehensive annual and adhoc validation reports
- Presentation of model validation results incl. model validation findings to senior management and supervisory authorities
- Collaboration with Model Developers IT and other stakeholders
- Create and maintain validation documentation ensuring model validation concepts documents and activities are in compliance with relevant policies standards and regulatory requirements
The position offers you an excellent opportunity to independently challenge our unique Eurex Clearing risk models both qualitatively as well as quantitatively whilst complying to regulatory and internal frameworks. You will join a diverse environment were people enjoy working together for the stability of financial markets.
Qualifications/required skills
- Graduate degree in a quantitative discipline e.g. mathematics economics or finance
- Relevant experience in risk management models and corresponding regulatory requirements in financial institutions e.g. from an internship would be a plus
- Strong interest in capital markets financial products and clearing as well as regulation
- Excellent analytical skills
- Excellent communication skills in written and spoken English German would be an advantage
- Programming skills in one of the following languages: SQL Python R or similar would be beneficial
- Knowledge in one of the following risk models: Credit Liquidity Stress Testing VaR models is a plus
Required Experience:
IC
Employment Type
Full Time
