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Quantitative Risk Analyst - Model Validation (f/m/d)

Date: 11-May-2019

Location: Frankfurt am Main, HE, DE

Company: Deutsche Börse Group

Group Company: Eurex Clearing AG

Quantitative Risk Analyst - Model Validation (f/m/d) 

Full-time | Permanent


Field of activity

Model Validation is a key part of Eurex Clearing’s Model Risk Management. It develops and operates the Model Validation Framework including governance, a comprehensive model inventory with risk assessments and model classification as well as an independent model review. Model Validation reviews model changes and measures model performance using validation instruments like backtesting and sensitivity analysis. Model Validation reports directly to the Chief Risk Officer of Eurex Clearing and regularly presents its model risk analysis to the Executive Board and regulators. Findings of the independent model review are documented and addressed to model owners. In addition, team members are involved in strategic projects of Deutsche Börse Group.



  • Continuous development of Eurex Clearing’s Model Risk Management Framework considering regulatory requirements and market best practice
  • Qualitative and quantitative validation of existing and new risk and valuation models as well as model related processes
  • Development of validation instruments, related systems and processes accommodating new products, services and regulatory requirements
  • Presentation to senior management to provide transparency on model risks and status of Model Validation findings
  • Representation of Eurex Clearing AG towards regulators and clients on Model Risk Management topics


Qualifications/required skills

  • M.Sc. or PhD in a quantitative discipline (Mathematics, Physics, Financial Engineering, Computer Science or comparable degree)
  • Excellent analytical skills and understanding of the valuation and risk models for cleared products
  • Excellent communication skills in written and spoken English
  • Professional experience in Model Risk Management and Model Validation and/or quantitative risk management would be an advantage
  • Excellent knowledge of MS Office, experience with SQL and/or VBA
  • Knowledge in Python is a plus

Dedication, team and communication skills, flexibility as well as competent handling of MS Office applications round out your profile. There are numerous good reasons to work for us: responsibility at an early stage, attractive social benefits, an international working environment and a broad variety of career opportunities. Applications from disabled persons are welcome.

Are you interested in working with a pleasant and very dedicated team? Convince us with an appealing application. Please use our online application portal.

Deutsche Börse Group, Human Resources