Risk Analyst - Stress Testing (Market Risk) (f/m/d)

Deutsche Börse Group; Frankfurt; On-site; EUR 80,000 - 120,000; Full time

Job summary

Deutsche Börse Group is seeking an experienced risk manager to lead stress testing and market risk initiatives within Eurex Clearing’s risk management function. The role involves evolving the stress testing framework, model monitoring and collaboration with internal and external stakeholders to ensure robust risk analytics.

Ideal candidates hold a master’s degree in a quantitative field and have 2-3 years of practical risk management experience, with strong analytical, programming (Python) and

Qualifications

• Master’s degree in a quantitative or economic discipline with risk management focus.
• 2-3 years hands-on experience in risk management, with emphasis on risk models and analytics.
• Ability to manage complex tasks and present to senior management, clients, regulators.
• Proficient in English; German language skills are a plus.

Responsibilities

• Develop and maintain the risk framework for stress testing market risk across a diversified portfolio.
• Improve models and methodologies to reflect dynamic markets and regulatory requirements.
• Coordinate with audits and stakeholders, including ESMA stress testing exercises.
• Design data quality controls and build analytical data sets on modern platforms (e.g., Databricks).

Skills

Analytical skills

Communication skills

Python

2-3 years risk management experience

Education

Master's degree in quantitative field

Tools

Databricks

Job description

Your area of work

Eurex Clearing’s risk management department is responsible for the risk management framework related to the core clearinghouse business. The main task is to develop integrated risk management solutions covering all asset classes across listed and OTC, from derivatives over equities and bonds up to swaps. Constant monitoring and validation of the framework ensures that it remains state of the art and continues to set industry standards.

Your career at Deutsche Börse Group

Your area of work

Eurex Clearing’s risk management department is responsible for the risk management framework related to the core clearinghouse business. The main task is to develop integrated risk management solutions covering all asset classes across listed and OTC, from derivatives over equities and bonds up to swaps. Constant monitoring and validation of the framework ensures that it remains state of the art and continues to set industry standards.

Our risk management framework is based on five main pillars: admission criteria, margin and stress testing methodology, exposure monitoring, collateral valuation practices and the default management process.

To further offer attractive and robust risk management solutions to our clients, we are looking for a hands‑on, experienced risk manager in the field of stress testing and/or market risk to drive the stress testing methodology and processes of our clearinghouse forward. The role fosters a holistic understanding of the topic, with responsibilities spanning model monitoring, model development, and internal as well as external stakeholder management.

In addition, the role offers exposure to modern analytics platforms and data‑product‑based approaches used to support scalable and transparent risk analytics.

Your Responsibilities

• Develop and maintain our comprehensive and holistic framework to stress test the market risk component of diversified portfolios containing a large variety of different financial products
• Continuous improvement and enhancement of underlying models and methodologies, especially considering dynamic market movements and regulatory requirements
• Propose changes to existing stress testing models or calibrations of scenario shifts for new risk factors due to the introduction of new products or special contracts as well as support or drive the model change process, including impact assessments of proposed changes
• Work on integrated framework design and support IT implementation by defining required functionalities from a model owner’s perspective, including business acceptance testing
• Participate in regular EU‑wide stress testing exercises conducted by ESMA, with responsibility for the credit risk component
• Support external, internal and member audits related to Eurex Clearing’s stress testing programs and communicate stress testing matters to internal and external stakeholders as well as regulatory bodies
• Design, perform and maintain robust data quality checks and controls to ensure data integrity and timely remediation of data quality issues
• Design, develop and maintain analytical data sets and data products on modern analytics platforms (e.g. Databricks) to enable scalable, robust and transparent risk analysis and reporting

Your profile

• You have completed a master’s degree in a quantitative or economical discipline (Econometrics, Mathematics, Physics, Financial Engineering, or any other comparable field with risk management focus)
• You have gained 2-3 years of hands‑on experience in risk management, with focus on risk models, risk analytics and tools in the area of stress testing; knowledge of relevant regulations and external standards is a plus
• You have developed basic project management experience or experience to organize and manage complex tasks including presenting to the senior management, clients, industry participants and regulators
• You provide excellent analytical and problem‑solving skills as well as communication skills
• You show high commitment, motivation, and willingness to take on responsibility
• You bring basic experience in Python or a similar programming language will be an asset
• You are proficient in written and spoken English; additional German language skills will be an asset