Euronext Clearing - Senior Associate, Model Validation

Euronext; Milano; In loco; EUR 45.000 - 65.000; Tempo pieno

Descrizione del lavoro

Euronext is seeking a Senior Associate in Model Validation to join the Model Risk LOD2 Team in Rome. You will independently validate risk models and develop Python replications to benchmark results.

The role requires 3-5 years in banking or financial services, strong Python/SQL/Julia skills, and fluency in English. You will present findings to management and interact with regulators and external consultants.

Competenze

• Master's degree in a quantitative field is required.
• Strong knowledge of financial markets and instruments.
• 3-5 years in banking or financial services; regulators or consultants ok.
• Solid grounding in market risk techniques (VaR/ES).
• Familiarity with EMIR and ESMA standards is a plus.
• Proficient in MS Office suite.
• Strong programming skills in Python/SQL/Julia; document models professionally.
• Fluent English, both spoken and written.
• Teamwork and ability to work under pressure.
• Knowledge of data providers (Bloomberg, Reuters).
• CFA and/or FRM certification preferred.

Mansioni

• Independently validate risk models used for market, credit and liquidity risk.
• Develop and maintain Python replications for margins and stress tests.
• Analyze model changes and issue recommendations/alternatives.
• Design sensitivity analyses, backtesting and stress testing.
• Validate input data and streamline data analysis and reporting.
• Liaise with Regulators on MV topics.
• Collaborate with model designers/developers and external consultants.
• Present findings and draft independent validation reports.

Conoscenze

Fluent English

Strong teamwork

Problem-solving

Communication skills

Formazione

Master's Degree in Quantitative Finance, Engineering, Mathematics, Statistics, Physics or equivalent

Strumenti

Python

SQL

Julia

PyCharm

Excel

Descrizione del lavoro

Join us as a Model Validation – Senior Associate!

Are you ready to shape the future of capital markets? We are looking for a Model Validation – Senior Associate to join the Model Risk LOD2 Team in Rome. This is a position offering an exciting opportunity to contribute to our mission.

RAL starting from 45.000€

CCNL credito

Key Accountabilities

• Independently validate the risk models designed by LoD1 used to measure market, credit risk and liquidity risk
• Develop and maintain independent Python replications of margin and stress testing models, used to benchmark results and to run challenger analyses
• Timely analyse significant changes to a model through a standardized approach and issue recommendations/suggest alternatives
• Design and perform sensitivity analyses, backtesting, anti-procyclicality and stress testing analyses
• Input data validation, implement process improvements to streamline data analysis and reporting
• Liaise with Regulators for MV topics
• Interact effectively with model designers and model developers, as well as with external consultants supporting validation activities
• Present findings and recommendations to management and stakeholders, and draft independent validation reports to internal and supervisory standards

Knowledge, Skills And Experience

• Master's Degree in Quantitative Finance, Engineering, Mathematics, Statistics, Physics or equivalent
• Strong knowledge of financial markets and instruments, pricing, risk indicators
• 3-5 years of work experience in the banking or financial services industry, including regulators or consultancy firms; experience with Clearing Houses is a plus
• Solid grounding in market risk quantitative techniques (VaR and Expected Shortfall estimation and related backtesting tests)
• Familiarity with the EMIR regulatory framework and ESMA technical standards is a plus
• Proficiency in Microsoft Office package
• Strong knowledge of programming languages (e.g. Python, SQL, Julia…), with the ability to build and document quantitative models from scratch in a professional development environment (e.g. PyCharm)
• Strong analytical skills, critical thinking and problem-solving attitude
• Fluency in both spoken and written English, including technical report writing
• Strong attitude to teamwork and ability to work well under pressure
• Excellent communication skills and outcome oriented
• Knowledge of info providers (Bloomberg, Reuters)
• CFA and/or FRM certification preferred

We are proud to be an equal opportunity employer. We do not discriminate against individuals on the basis of race, gender, age, citizenship, religion, sexual orientation, gender identity or expression, disability, or any other legally protected factor. We value the unique talents of all our people, who come from diverse backgrounds with different personal experiences and points of view and we are committed to providing an environment of mutual respect.

Additional Information

This job description is only describing the main activities within a certain role and is not exhaustive. It does not prevent to add more tasks, projects.