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

Date: 16-Sep-2021

Location: Frankfurt am Main, DE

Company: Deutsche Börse Group

This position is initially limited for 2 years.


Field of activity
Eurex Clearing’s risk management department is responsible for the strategic 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.


We are now looking to hire a Risk Analyst for Credit Stress Testing.



  • Develop and maintain our comprehensive and holistic credit stress testing framework
  • Support the design of risk methodology extensions compliant with our model development principles; this also includes enhancing and using our calibration tools and methods
  • 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 Credit Stress Testing matters to internal as well as external stakeholders and regulatory bodies
  • Contribute through leadership on credit stress testing topics in projects


Qualifications/required skills

  • 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
  • Proficiency in written and spoken English; additional German language skills will be an asset
  • Knowledge of relevant regulations and external standards is a plus