Euronext Clearing - Senior Associate, Model Validation

Euronext; Roma; In loco; EUR 41.000 - 50.000; Tempo pieno

Descrizione del lavoro

Euronext in Rome is seeking a Model Validation - Senior Associate to join the Model Risk LOD2 Team. You will independently validate risk models, develop and maintain Python replications, and present findings to management.

The role requires a master's in a quantitative field, 3-5 years in banking or financial services, and strong English communication. Knowledge of EMIR/ESMA is a plus; CFA/FRM preferred.

Competenze

• Master's degree in a quantitative field.
• 3-5 years in banking/financial services; regulators/consultancy background a plus.
• Strong programming and data analysis skills (Python/SQL).

Mansioni

• Independently validate risk models used for market, credit, and liquidity risk.
• Develop and maintain Python replications for margin and stress testing models.
• Analyze model changes with standardized methods; issue recommendations.
• Design and perform sensitivity analyses, backtesting, anti-procyclicality and stress tests.
• Validate input data and streamline data analysis/reporting processes.
• Liaise with regulators and interact with model designers/developers.

Conoscenze

Analytical thinking

Communication skills

Teamwork

English fluency

Formazione

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

Strumenti

Python

SQL

Julia

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€.

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. Euronext is the leading European capital market infrastructure, covering the entire capital markets value chain, from listing, trading, clearing, settlement and custody to solutions for issuers and investors. Euronext operates MTS, one of Europe's leading electronic fixed income trading markets, and Nord Pool, the European power market. Euronext also provides clearing and settlement services through Euronext Clearing and its Euronext Securities central securities depositories (CSDs) in Denmark, Italy, Norway and Portugal. Euronext’s regulated exchanges in Belgium, France, Greece, Ireland, Italy, the Netherlands, Norway and Portugal host a broad range of listed issuers, a strong blue-chip franchise and the largest global center for debt and fund listings. With a diverse domestic and international client base, Euronext is a major venue for European lit equity trading. Its products include equities, FX, ETFs, bonds, derivatives, commodities and indices. For the more information, please visit our career website.