Luxembourg Job Openings

Deutsche Börse

Quantitative Model Developer (f/m/d)

September 30, 2024

Learn. Develop. Grow. But always: Share value

Join our international team that drives positive change, united by a spirit of openness and curiosity. We empower you to have an impact and to grow – personally and professionally. With us, you work at the heart of financial systems and evolve the way markets operate. We’re excited about the future because we are the ones shaping it. Let´s do this together by sharing value!

Who we are

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. 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 for security, transparency and integrity on the markets. By creating trust in the markets of today and tomorrow we foster growth and contribute to the prosperity of future generations.

Luxembourg

Your career at Deutsche Börse Group

Your area of work:
Group Credit and Clearstream Risk Management’s overriding objective is to ensure that business activities are conducted within a prudent risk management framework that is consistent with the institution’s credit appetite and in compliance with regulatory and supervisory requirements. We are searching for a Quantitative Analyst to maintain, further develop and oversee quantitative risk models, collateral models and rating models. A successful candidate will take ownership of the development, implementation, maintenance and continuous improvement to our quantitative models and methodologies. Furthermore, as part of the group-wide Credit and Risk Team, s/he will assume responsibility for the related reporting, ad hoc reviews, investigations and special assignments as required to senior management.

Your responsibilities:

Develop, maintain and continuously improve quantitative rating and risk models used for credit and risk management.
Define, document and manage processes required for the maintenance of rating and risk models in their productive states; take ownership for continuous improvements to the existing methodologies and model monitoring tools; address any related findings as revealed by model monitoring or model validation.
Regularly review the adequacy and robustness of applied risk models and perform model calibrations, undertake impact assessments and report on the results, where applicable.
Work in close collaboration with model users and IT to accompany IT development process, including writing business requirements, taking into consideration the available (or planned) infrastructure, as well as performing business acceptance testing.
Deliver insightful management information in support of senior management and committee review.
Develop and maintain effective relationships with internal stakeholders and regulatory authorities.
Maintain internal model inventory. Support the team’s regular tasks.

Your profile:

Graduate degree in a quantitative discipline.
Relevant experience in the model development and/or model validation function, or related roles
Good understanding of quantitative risk models (rating models, credit risk models, market risk models,operational risk models,…) and the underlying quantitative methodology (stochastics & statistics, numerical algorithms, …)
Sound knowledge of statistics and econometric methods as well as basic knowledge in mathematical finance and their applications. Sound knowledge of AI and machine learning methods (SVMs, Neural Networks,…) is a benefit.
Sound programming skills in at least one programming language.
Familiarity with relevant risk management regulations and guidelines (CSDR, CRR, BCBS, Ma Risk) is a benefit.
Attention to detail, strong problem-solving and analytical skills, sound judgement.
Ability to articulate complex concepts in a succinct and clear way.
Integrity, willingness to take responsibility and continuously improve.
High commitment, team spirit, excellent communication and interpersonal skills, ability to effectively operate across various functions and business areas.
Excellent command of written and spoken English. German and/or French will be an asset.

Why Deutsche Börse Group?

We are committed to providing a work environment where everyone feels welcome and can reach their full potential. Our standards go far beyond simply matching candidates with the right position.

Mobility

We enable you to move freely with our job tickets, job (e-)bikes and free parking opportunities.

Work environment

Collaboration, communication, or deep focus – in our modern office buildings you will find the perfect work environment. Free drinks and food and meal allowances included.

Health and wellbeing

We care for your health and wellbeing and besides various health promotion measures we offer you a group accident insurance and additional insurance offers at discounted rates.

Financial stability

We provide financial stability by offering attractive salaries, company pension schemes, participation in our Group Share Plan, as well as bonuses, subsidies and discounts.

Hybrid work

Collaborate and exchange on-site or work remotely several days a week in line with business needs and local regulations. Our hybrid working model combines the best of both worlds.

Flexible working hours

We want your job to fit your life situation and offer flexible working time models, childcare allowance, or the possibility to study alongside your job.

Internationality

Our market infrastructures are globally connected. Working with us means collaborating with like-minded colleagues across over 60 locations from more than 100 nations.

Development

We promote individual development by offering internal development programmes, mentoring, further education and training budgets.

Contact

Recruiting Team

Take your career to the next level with us and embrace new challenges!

+496921111810

Our Recruiting Team is looking forward to your call or e-mail.

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