Your area of work
Model Validation is a key function within Eurex Clearing's CCP Risk Management department, responsible for independently validating the risk models used to manage risks. The team works closely with other departments such as Models & Analytics, Default Management, Risk Exposure Management, and Enterprise- and Information Security Risk Management. Model Validation reports directly to the Chief Risk Officer of Eurex Clearing.
Your responsibilities
* Validate market risk models (Prisma), credit/liquidity stress testing models, and valuation models for our growing product offering
* Execute validation projects independently and present work to senior management and regulators
* Collaborate with Model Developers, IT, and other stakeholders
* Maintain validation framework and ensure compliance with relevant policies, standards, and regulatory requirements
* Participate in cross-functional, strategic projects of Deutsche Börse Group for development opportunities
Your profile
* Degree in a quantitative discipline such as mathematics, finance, statistics, physics, econometrics, or related field
* 3-5 years experience in model validation, model development, risk management, or a related field
* Interest in capital markets, financial products, clearing, and regulation
* Strong communication skills
* Proficient in Python and SQL
* Knowledge of market risk, credit/liquidity stress testing, and valuation models is a plus