Quantitative Model Risk Manager - Models and Analytics (f/m/d)


Offered by:

Eurex Group

Supply Chain / Logistics

Frankfurt, DE

Group Company:EUREX Clearing AG


Quantitative Model Risk Manager - Models and Analytics (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

As a Quantitative Model Risk Manager you are responsible for the strategic Model Risk development of Eurex Clearing AG. Your main tasks are focused on the responsibilities of a model owner to identify, quantify, and manage model risks of our risk model PRISMA across all asset classes. You are responsible to ensure that our framework and guidelines to develop pricing and risk models reflect market best-practices and are compliant with all applicable internal and external regulatory standards. Moreover, you take responsibility for building up and extending the quantitative analysis tool kit to assess model risks and model development principles. As part of a larger risk team, as a project lead, or as an industry working group participant you help to make informed decisions and contribute to finding solutions for Eurex Clearing AG.


  • Develop and strengthen our model development and model risk management area
  • Early identification and consolidation of pricing and risk model related trends for cleared derivatives (Exchange Traded and OTC derivatives)
  • Design and maintain quantitative assessments of valuation and risk models, model documentation, and calibration approaches
  • Support the design of risk methodology extensions compliant with our model development principles. This includes enhancing and using our pricing and risk model prototype, benchmark models, and related calibration tools and methods
  • Communicate model risk matters to internal as well as external stakeholders and regulatory bodies
  • Contribute thought leadership on model risk topics in projects

Qualifications/required skills
  • M.Sc. or PhD in a quantitative discipline (Econometrics, Mathematics, Physics, Financial Engineering, or any other comparable field)
  • Several years of hands-on experience in risk management, audit, or handling of financial instruments with a quantitative focus
  • K-how of products in the derivatives space
  • Excellent analytical and problem solving skills
  • Excellent communication skills
  • Basic project management experience or experience to organize and manage complex tasks
  • Basic experience in Python or a similar programming language will be an asset
  • Proficiency in written and spoken English; additional German language skills will 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 !

Do you have questions about the application process or this position?

Danny Osadnikwill gladly answer your questions. Please contact us at or by phone 069-211-11810. We look forward to getting to k you!

Deutsche Börse Group, Human Resources