Model Validation Specialist

vor 4 Wochen


Frankfurt, Deutschland Clearstream Banking AG Vollzeit

Your area of work

Model Validation provides independent effective challenge of models, applying financial theory and quantitative methods. We define validation guidelines, develop appropriate validation methods, employ validation instruments on a regular basis and perform ad hoc model reviews in light of a changing regulatory environment and market conditions.

Your responsibilities

Develop appropriate quantitative and qualitative validation methods including potential outcomes and their impact Participate in the initial validation of new and/or changed models Define and track Model Validation findings and work on potential recommendations to the model owner Maintain the model inventory of the different legal entities Assess the adequacy and robustness of risk models on a regular basis and prepare regulatory submissions Deliver model validation analysis and reports in support of senior management & committee review and challenge of the risk position

Your profile

You have completed your university degree in Economics, (Financial) Mathematics, Computer Science, Physics, or any other quantitative discipline You gained first relevant professional experience in risk management, ideally in Model Validation or Model Development You have sound knowledge and first practical experience in one or more of the fields Credit Risk, Market Risk and Operational Risk, quantitative (risk) modelling (Monte Carlo-Simulation, statistics, econometrics,…), ICAAP, ILAAP and Financial Regulations You have good technical knowledge and (object-oriented) programming skills, ideally in Python You are an efficient team player with good communication skills Proficiency in written and spoken English; French/German language skills will be an asset as well as the ability to clearly present complex topics in plain terms

Why Deutsche Börse Group?

We are committed to providing a work environment where everyone feels welcome and can reach their full potential. Our standards go far beyond simply matching candidates with the right position.

Mobility

We enable you to move freely with our job tickets, job (e-)bikes and free parking opportunities.

Work environment

Collaboration, communication, or deep focus – in our modern office buildings you will find the perfect work environment. Free drinks and food and meal allowances included.

Health and wellbeing

We care for your health and wellbeing and besides various health promotion measures we offer you a group accident insurance and additional insurance offers at discounted rates.

Financial stability

We provide financial stability by offering attractive salaries, company pension schemes, participation in our Group Share Plan, as well as bonuses, subsidies and discounts.

Hybrid work

Collaborate and exchange on-site or work remotely several days a week in line with business needs and local regulations. Our hybrid working model combines the best of both worlds.

Flexible working hours

We want your job to fit your life situation and offer flexible working time models, part-time models, childcare allowance, or the possibility to study alongside your job.

Internationality

Our market infrastructures are globally connected. Working with us means collaborating with like-minded colleagues across over 60 locations from more than 100 nations.

Development

We promote individual development by offering internal development programmes, mentoring, further education and training budgets.



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