Model Developer

**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**:
CFCL Risk Management is searching for a quantitative analyst to maintain, further develop and oversee the entity’s risk models. The model developer role will be part of a highly dynamic team, having ownership of the development, implementation, maintenance and continuous improvement of the entity’s quantitative models and methodologies. Furthermore, the role 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 risk management models, including models to quantify financial and non-financial risks such as: liquidity, credit, market, operational and business risk.
- Ensure risk management models are aligned with applicable requirements and regulations, business developments and new products.
- Define, document and manage processes required for the maintenance of risk management 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.
- Deliver insightful management information in support of senior management and committee review.
- Develop and maintain effective relationships with internal stakeholders and regulatory authorities.
- Support the performance of model validation and internal audit activities.

**Your profile**:

- Minimum of 3 years of experience in model development.
- University degree in Economics, Mathematics, Risk Management, or related field.
- Relevant experience in 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).
- Strong programming skills in python, VBA, SQL, PowerBI and data analytics tools.
- Strong knowledge of relevant risk management regulations and guidelines in regards to risk management, risk quantification and the model development lifecycle.
- Attention to detail, strong problem-solving and analytical skills, sound judgement.
- Strong ability to transform complex data into actionable insights.
- Effective communication skills, with the ability to interact with diverse stakeholders.
- Highly organized with strong attention to detail.
- Proficiency in written and spoken English; additional language skills are a plus.
- FRM or CFA certification would be an advantage.

**Why Deutsche Börse Group?**:
**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 th