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

Date: 18-Jan-2019

Location: Luxembourg, L, LU

Company: Deutsche Börse Group

Group Company: Clearstream Banking Luxembourg

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

Full-time | Permanent


Field of activity

Model Validation provides independent effective challenge of models, applying financial theory and quantitative methods. We define 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 conditions. Your primary role is to drive and participate in the validation of models employed for the management of financial and operational risk.



  • Define and maintain validation guidelines and documentation
  • Develop appropriate quantitative and qualitative validation methods
  • Drive and participate in the initial validation of new and/or changed models
  • Independently assess the adequacy and robustness of risk models on a regular basis
  • 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 & committee review and challenge of the risk position
  • Prepare regulatory submissions


Qualifications/required skills

  • Graduate degree in a financial or quantitative discipline
  • At least 3 years of relevant work experience, preferably in model development and 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
  • Excellent command of MS office, experience with databases (e.g. SQL), programming (e.g. Python) and analytics & business intelligence software (e.g. Qlik)

Proficiency in written and spoken English, additional German or French language skills are desirable

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