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Model Validation Officer (f/m/d)
Full-time | Unlimited
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.
Field of activity
Model Validation provides independent effective challenge of models, applying financial theory and quantitative methods. We define model risk and 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 in scope of regulatory requirements such as financial or operational risk.
Tasks/responsibilities
• Define and maintain guidelines and documentation
• Develop appropriate quantitative and qualitative validation methods
• Develop and maintain validation concepts for regulated models in scope
• Carry out initial as well as regular and ad-hoc validations of regulated models within Risk Management
• Independently assess the adequacy 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
• Collaborate with internal and external auditors
Qualifications/required skills
• Graduate degree or PhD in a financial or quantitative discipline
• At least 3 years of relevant work experience, preferably in model development or 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
• Very good programming skills (e.g. Python, R, C++, Java), experienced with databases (e.g. SQL) and analytics & business intelligence software (Qlik)
• Experience in writing business requirements and specifications
• Proficiency in written and spoken English, German or French language skills would be an asset
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 offer our employees an attractive remuneration package. Benefits include a high level of trust and autonomy in modern, centrally located workplaces where corporate culture and values are exercised regularly.
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!
Deutsche Börse Group, Human Resources
www.careers.deutsche-boerse.com
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