Default Manager Fixed Income & Rates (f/m/d)

EUREX Clearing AG • Frankfurt am Main

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Ready to make a real impact in the financial industry? At Deutsche Börse Group, we'll empower you to grow your career in a supportive and inclusive environment. With our unique business model, driven by 15,000 colleagues around the globe, we actively shape the future of financial markets. Join our One Global Team!

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Who we are

Deutsche Börse Group is one of the world’s leading exchange organisations and an innovative market infrastructure provider. With our products and services, we ensure that capital markets are fair, transparent, reliable, and stable. Together, we develop state-of-the-art IT solutions and offer our IT systems all over the world.

Within the Deutsche Börse Group, Eurex stands for the leading European derivatives exchange and – with Eurex Clearing – for one of the leading central counterparties globally.

Frankfurt am Main

Your career at Deutsche Börse Group

Your area of work

Eurex Clearing AG’s CCP Risk Management department safeguards financial market stability by managing credit risk. As a central counterparty (CCP), we act as an independent risk manager between buyers and sellers, reducing default risk and enhancing market resilience.

As a Default Manager Fixed Income & Rates you will develop and execute procedures for the hedging and liquidating exposures originating from exchange traded fixed income derivatives, interest rate swaps and inflation swaps in the event of a member default.

In this role, you will be responsible for ensuring the resilience of the clearing house by developing state of the art risk management concepts for products and services offered by Eurex Clearing AG. You will focus on exchange traded fixed income derivatives, interest rate swaps and inflation swaps.

You will join a diverse team of specialists with expertise across a wide array of asset classes supported by professionals who have a multitude of technical skills, financial derivatives knowledge and experience in financial markets and derivatives instruments.

Your responsibilities

Develop and improve risk and default management concepts enabling Eurex Clearing to monitor and analyse risk of and apply default management strategies for exchange traded fixed income derivatives, interest rate swaps and inflation swaps
Execute the default management process for fixed income derivatives, interest rate swaps and inflation swaps during a member default and regular default simulations
Communicate directly with senior traders of exchange participants and clearing members during default simulations, liquidity surveys and on topics that require market expertise
Contribute to the calibration and development of the Liquidity Adjustment, a margin component designed to capture the costs associated with a liquidation of large and concentrated derivatives positions
Conduct in-depth risk analyses of clearing members’ exposures and present results to senior management
Support strategic projects, implementation of new risk concepts and ensure default management readiness

Your profile

Higher education degree in finance, economics or quantitative finance disciplines
Highly motivated team player with a willingness and capability to perform in critical situations
Interest and professional experience in financial markets, risk management or handling/pricing of financial instruments
Knowledge about fixed income & rates markets, derivatives, clearing and CCP market risk management
Excellent command of MS-Office with proficiency in programming languages (R or Python) and database querying using SQL. Knowledge of DataBricks, PowerBI or Github is a strong plus
Proficiency in written and spoken English

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, 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.