Risk Analyst - Stress Testing (Market Risk) (f/m/d)

Risk Analyst – Stress Testing (Market Risk) (f/m/d)

Frankfurt am Main

Deutsche Börse

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.

Frankfurt am Main

Your career at Deutsche Börse Group

Your area of work
Eurex Clearing’s risk management department is responsible for the risk management framework related to the core clearinghouse business. The main task is to develop integrated risk management solutions covering all asset classes across listed and OTC, from derivatives over equities and bonds up to swaps. Constant monitoring and validation whether changes must be initiated ensures that the entire framework remains state of the art and sets industry standards. Our risk management framework is based on five main pillars. Namely: admission criteria, margin and stress testing methodology, exposure monitoring, collateral valuation practices and default management process.
To further offer attractive risk management solution to our clients, we are looking for a hands-on experienced risk manager in the field of stress testing and/or market risk to drive the stress testing methodology and processes of our clearinghouse forward. The role fosters a holistic understanding of the topic with tasks spanning over model monitoring, model development and internal as well as external stakeholder management.

Your responsibilities

• Develop and maintain our comprehensive and holistic framework to stress test the market risk component of diversified portfolios containing a large variety of different financial products,
• Continuous improvement & enhancement of underling models and methodologies, especially considering dynamic market movements or regulatory requirements.
• Propose changes to existing stress testing models or calibration of scenario shifts for new risk factors due to introduction of new products or special contracts in the clearing world,
• Support or drive model change process incl. impact assessment of proposed changes.
• Work on an integrated framework design, support IT implementation by designing required functionalities from a model owner’s perspective and support the related business acceptance tests,
• Participation in the regular EU-wide stress testing exercises conducted by ESMA with the responsibility for the credit risk part,
• Support of external, internal and member audits on topics related to Eurex Clearing’s stress testing programmes,
• Communicate Stress Testing matters to internal as well as external stakeholders and regulatory bodies,
• Design and perform robust data quality checks and controls so that potential data quality issues can be identified and remediated

Your profile

• M.Sc. in a quantitative or economical discipline (Econometrics, Mathematics, Physics, Financial Engineering, or any other comparable field with risk management focus)
• 2-3 years of hands-on experience in risk management, with focus on risk models, risk analytics and tools in the area of stress testing
• Excellent analytical and problem-solving skills
• Excellent communication skills
• High commitment, motivation, and willingness to take on responsibility
• Basic project management experience or experience to organize and manage complex tasks including presenting to the senior management, clients, industry participants and regulators
• Basic experience in Python or a similar programming language will be an asset
• Knowledge of relevant regulations and external standards is a plus
• Proficiency in written and spoken English; additional German language skills will be an asset

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