Model Validation Officer (f/m/d)

Clearstream Banking S.A. • Luxembourg

Who we are

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. By creating trust in the markets of today and tomorrow we foster growth and contribute to the prosperity of future generations. 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, covering the entire value chain of global financial markets.

Your career at Deutsche Börse Group

 

Field of activity
Model Validation provides independent effective challenge of models, applying financial theory and quantitative methods. We define model risk and 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 primary role is to drive and participate in the validation of models in scope of regulatory requirements such as financial or operational risk.

 

Tasks/responsibilities
•    Define and maintain guidelines and documentation
•    Develop appropriate quantitative and qualitative validation methods
•    Develop and maintain validation concepts for regulated models in scope
•    Carry out initial as well as regular and ad-hoc validations of regulated models within Risk Management
•    Independently assess the adequacy of risk models on a regular basis
•    Engage with model owners and development experts to ensure model risk is properly addressed
•    Work in close collaboration with IT to accompany the development process for model validation tools
•    Deliver model validation analysis and reports in support of senior management & committee review and challenge of the risk position
•    Collaborate with internal and external auditors
 
Qualifications/required skills
•    Graduate degree or PhD in a financial or quantitative discipline
•    At least 3 years of relevant work experience, preferably in model development or model validation
•    Good understanding of financial markets, financial products, as well as the regulatory landscape
•    Sound knowledge of statistical and econometric methods and their application
•    Well-developed analytical skills, as well as high results orientation and good communication skills
•    Efficient team player with a high degree of organizational self-reliance
•    Very good programming skills (e.g. Python, R, C++, Java), experienced with databases (e.g. SQL) and analytics & business intelligence software (Qlik)
•    Experience in writing business requirements and specifications
•    Proficiency in written and spoken English, German or French language skills would be an asset

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.

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.

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.

Exciting, cutting-edge projects

“Boredom” is a concept unknown to us. With us you are part of a 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.

Guiding principles

We at Deutsche Börse create trust in the markets of today and tomorrow. Our collaborative efforts are defined by integrity, responsibility and transparency as well as by mutual respect and appreciation, both within our organisation and externally.

International environment

Our market infrastructures are connected globally: whether in Singapore, London, Chicago, Luxembourg or Dubai – working with us means collaborating with colleagues and teams across 40 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!

Team spirit

Our employees work in great teams and therefore 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.

Work-life balance

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.

Contact
Deutsche Börse Campus Recruiting Team

Deutsche Börse Campus Recruiting Team

Are you interested in an internship, an apprenticeship or a working student job?

Send e-mail

+49-(0) 69-2 11-1 18 10

Our Campus Recruiting Team is looking forward to your call or e-mail.

Deutsche Börse Recruiting Team

Deutsche Börse Recruiting Team

Are you planning your next career step with us?

Send e-mail

+49-(0) 69-2 11-1 18 10

Our Recruiting Team is looking forward to your call or e-mail.

Ready to start your career with us?

Apply now!