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.
Model Validation Officer (f/m/d)
Clearstream Banking S.A. • Luxembourg
Who we are
Your career at Deutsche Börse Group
Field of activity
Model Validation provides independent effective challenge of models, applying financial theory and quantitative methods. The main task is to assign model risk according to validation guidelines, as well as 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 risk models in scope of the regulatory requirements such as ICAAP risk models, internal credit rating assessments and haircut models. Working on these tasks include the collaboration with model developers, the IT department, and other internal and external stakeholders.
Development and continuous maintenance of validation concepts as well as appropriate quantitative and qualitative methods for regulated models in scope
Carry out initial as well as regular and ad-hoc validations of regulated models within Risk Management and independently assess their adequacy
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 and committee review, challenge the risk positions
Review and update guidelines and documentation, ensuring compliance with relevant internal policies, standards, and regulatory requirements
Collaborate with internal and external auditors
Graduate degree or PhD in a financial or quantitative discipline
At least 3 years of relevant work experience, preferably in model development and/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, 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
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.