Head of Model Validation (f/m/d)

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 teams such as Model Development, Default Management, Risk Exposure Management, and Enterprise- and Information Security Risk Management. As Head of Model Validation, you will report directly to the Chief Risk Officer of Eurex Clearing. 
 
Your responsibilities

• Lead the team responsible for the validation of Eurex Clearing’s market-, credit- and operational risk models, which are essential for Eurex Clearing growing product offering 
• Lead the development of Eurex Clearing’s model risk management framework to enable sustainable business growth  
• Develop the team and individual team members making it ready for future trends in model risk management 
• Manage the relationship with a diverse set of stakeholders including model owners, model developers, senior management, regulators, and IT 
• Report the validation results to senior management and regulators 
• Ensure compliance with relevant policies, standards, and regulatory requirements 
• Participate in cross-functional, strategic projects of Deutsche Börse Group 

 
Your profile

• Demonstrated strong leadership- and management skills 
• Several years of experience in model risk management, model validation or a related field 
• Degree in a quantitative discipline such as mathematics, finance, statistics or physics 
• Interest in capital markets, financial products, clearing, and regulation 
• Strong analytical skills 
• Good knowledge of risk management procedures and - models for all risk types 

 
Flexible working arrangements and state-of-the-art digital tools enable team to excel in a hybrid setup, allowing for better balancing of professional and personal commitments.