Tracing its origins to 1585, Deutsche Börse Group has become one of the world’s leading exchange organisations and an innovative market infrastructure provider. In this role, we provide investors, financial institutions and companies access to global capital markets. What’s your part in all this? With your commitment you contribute to the success of our unique business model: offering a wide range of products, services and technologies for security, transparency and integrity on the markets. By creating trust in the markets of today and tomorrow we foster growth and contribute to the prosperity of future generations.
Intern - Default Management in Risk Department (f/m/d)
EUREX Clearing AG • Frankfurt am Main
Who we are
Frankfurt am Main
Your career at Deutsche Börse Group
Eurex Clearing AG is one of the leading central counterparties (CCPs) globally, assuring the safety and integrity of markets while providing innovation in risk management, clearing technology, and client asset protection. The clearing house provides fully automated post-trade services for derivatives, equities, bonds and secured funding & financing as well as industry-leading risk management technologies.
Field of Activity
As an Intern (f/m/d) you will support the Default Management Section in the Risk department. The Default Management team (DMP) of Eurex Clearing is responsible of handling the default of one of our Clearing Members. During such an event, our traders will need to liquidate swiftly the portfolios of the defaulted bank. To achieve this goal, we need precise operational processes, as well as stable and efficient tools.
As an Intern in the DMP team, you will participate in the enhancement and the creation of such tools and processes as part of long term projects. Additionally, you will support our daily activities in evaluating our potential market and counterparty risk. By directly working within the DMP team, you will be at the heart of the central counterparty, and therefore gain a good insight in capital markets, from a trading and clearing point of view, but also knowledge about market regulations and risk measurement.
- You will help the trading desk during liquidation/simulation of liquidation process
- You will support trading and risk management tools maintenance, enhancement and creation
- You will participate in the Default Management process amendment/enhancement
- You will make yourself and your teammates aware of relevant market news
- You will assist in quantitative and qualitative risk assessment (e.g. market risk, counterparty risk, credit risk).
- You are enrolled during the entire period of activity at a state-recognized university as a regular student and have completed at least 6 semesters. Your study focus in the field of financial mathematics, economics, market finance or other comparable fields
- Preferably, you have already gained first practical experience in the context of market finance/risk (internship, student projects, research project, start-up etc.)
- You have appetence for financial derivatives, risk management and affinity to numbers and quantitative approaches
- Your curiosity and proactivity pushes you to challenge the status-quo and identify overlooked problems that you can resolve with creative and analytical thinking
- You have basic programming skills (VBA, SQL, Python), you master the MS Office suite and ideally have knowledge in Bloomberg/Reuters
- You are fluent in written and spoken English.
Startdate: 15/01/2022 OR 01.04.2022
Why Deutsche Börse Group?
We are committed to providing a work environment which makes our employees both feel at ease and reach their full potential. Our standards go far beyond simply matching candidates with the right position.
Exciting, cutting-edge projects
“Boredom” is a concept unknown to us. With us you are part of a growing company that is shaping the future and where you can make a difference and actively participate – by supporting companies and start-ups going public, developing trading technologies or designing the cloud infrastructure for a highly regulated environment.
Our market infrastructures are connected globally: whether in Singapore, London, Chicago, Luxembourg or Dubai – working with us means collaborating with like-minded colleagues and teams across over 50 locations from more than 100 nations.
Security and growth
Our company is experiencing healthy growth, not least due to our diversified business model. As a globally active exchange organiser, we provide market participants with consistently safe infrastructures that stimulate growth along the entire value chain. For you this means: a secure and promising workplace!
Diversity & Inclusion
We embrace diversity. As the cornerstone of our success, your contribution counts – irrespective of gender, nationality, ethnic or social background, religion or worldview, disability, age, sexual preference and identity.
We at Deutsche Börse create trust in the markets of today and tomorrow. We want to achieve this common goal with performance, reliability, integrity, openness and responsibility. Mutual respect and appreciation are of particular importance. Our values shape our culture and behaviour – both within our organisation and externally.
Our employees work in great teams that drive positive change – and therefore they enjoy working with us. This is reflected in our annual employee surveys. No matter how great the challenges posed by the markets might be – we support each other, work together closely to successfully complete projects and face change with a positive, collaborative approach.
We offer a work environment, in which professional and private life can interact individually. Flexible working time models, allowance for childcare, working remotely, studying alongside your job or part-time models – we give you the opportunity to adapt your job to your life situation.
Careers with a future
Whether you are an apprentice, a trainee, a young or experienced professional – with us your career is off to a good start that holds many different paths to develop and reach the next level. Your professional future is in your hands – as a manager, expert or project manager. You can count on our support as well as further education and training measures.
We take care of your culinary well-being. With our meal allowance you can choose from a variety of dishes in our staff restaurant or get your breakfast or snacks in the bistro for that extra boost of energy in between. Drinks such as tea, coffee, water and juice are available free of charge.
We top up your pension! You will be registered at BVV, to which we pay a monthly pension allowance for you. Furthermore, you have the option to pay an additional part of your salary to increase the amount of your future pension payment.