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Intern – Risk Management – Model Validation (f/m/d)
Start: 01 February 2021 | Duration: 6 months | Full-time | Luxembourg
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. By creating trust in the markets of today and tomorrow we foster growth and contribute to the prosperity of future generations. Deutsche Börse Group is an international company, headquartered in Frankfurt/Main, Germany. With more than 6,700 employees, the company has a strong global presence for its customers all over the world, including Luxembourg, Prague, Chicago, London, Cork, New York and many other locations.
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, covering the entire value chain of global financial markets.
Clearstream Banking S.A.
As an international central securities depository (ICSD) headquartered in Luxembourg, Clearstream Banking S.A. operates the post-trading business – i.e. issuance, settlement and custody – for the Eurobond market and services for securities from over 55 domestic markets worldwide.
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.
Tasks/responsibilities:
Support the Model Validation Unit to:
- Develop appropriate quantitative and qualitative validation methods including potential outcomes and their impact
- Participate in the initial validation of new and/or changed models
- Define and track Model Validation findings and work on potential recommendations to the model owner
- Maintain the model inventory of the different legal entities
- Assess the adequacy and robustness of risk models on a regular basis
- 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:
- You are enrolled in a Bachelor’s or Master’s Degree programme, preferably in Finance, Economics or Mathematics, with a recognized institution and can provide an internship agreement, OR have graduated with a Bachelor’s degree or similar for no more than 6 months
- Interest in financial markets, financial products, as well as the regulatory landscape
- Knowledge of statistical and econometric methods and their application
- Analytical skills, as well as results orientation and efficient team player with good communication skills
- Very competent handling of MS office, experience with programming languages (e.g. Python)
- Commitment, a high degree of organizational self-reliance, motivation and accuracy
- Proficiency in written and spoken English. German would be an advantage
What you can expect from us
Deutsche Börse Group embraces an international climate, whereby diversity is universal. This is evident across the board, be it through our diverse workforce, routine responsibilities or other areas of activities and scope of application. We are looking for employees who enjoy working in a dynamic and flexible environment and are willing to put forward innovative ideas for the company. An open mindset, a proactive approach and self-motivation are prerequisites.
We value diversity and therefore welcome all applications – regardless of gender, nationality, ethnic and social origin, religion/belief, disability, age, sexual orientation and identity.
Have we piqued your interest? Then we encourage you to apply now! Please submit your online application via our career portal, including your CV, cover letter and other relevant documents (transcript of records, job references etc.)
Deutsche Börse Group, Human Resources
www.career.deutsche-boerse.com/
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