Model Validation Officer (f/m/d)

CFC S.A. (CFCL) • Luxembourg

Learn. Develop. Grow. But always: Share value

Join our international team that drives positive change, united by a spirit of openness and curiosity. We empower you to have an impact and to grow – personally and professionally. With us, you work at the heart of financial systems and evolve the way markets operate. We’re excited about the future because we are the ones shaping it. Let´s do this together by sharing value!

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. 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.

Luxembourg

Your career at Deutsche Börse Group

Your area of work:

Model Validation provides independent effective challenge of models, applying financial theory and quantitative methods. The main tasks are to 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 conditiona Overall role is to drive and participate in the validation of models in scope of regulatory requirements such as market, credit, business or operational risk.

Your responsibilities:

Develop appropriate quantitative and qualitative validation methods
Develop and maintain validation concepts for capital requirement models in scope
Define and maintain guidelines and documentation
Carry out initial as well as regular and ad-hoc validations of 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
Deliver model validation analysis and reports in support of senior management & committee review
Collaborate with internal and external auditor

Your profile:

Minimum 3 Years of Risk experience with a focus on model development or model validation
University degree, financial or quantitative discipline, PhD would be an asset
Good understanding of financial markets, financial products, as well as the regulatory landscape (ICAAP, ILAAP, CSSF)
Well-developed analytical skills, creativity, critical thinking, ability to identify problems and propose pragmatic solutions in a timely manner
High degree of results orientation as well as good presentation and communication skills
Good programming skills (e.g., Python, R, C++, Java), experienced with databases (e.g., SQL)
Experience in writing business requirements and specifications
Proficiency in written and spoken English, German or French language skills would be an asset
Efficient team player with a high degree of organizational self-reliance
Enjoy Working in an international and diverse team

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.