Model Validation Officer (f/m/d)
Published on 02/09/2024
Clearstream, part of Deutsche Börse Group
Working time
Type of contract
Spoken languages
Professional experience
Educational level
Remote working
Your area of work:
Model Validation provides independent effective challenge of models, applying financial theory and quantitative methods. The main tasks are to define model risk and validation guidelines, develop appropriate validation methods, employ validation instruments on a regular basis and perform ad hoc model reviews in light of a changing regulatory environment and market conditions. Overall role is to drive and participate in the validation of models in scope of regulatory requirements such as market, credit, business or operational risk.
Your responsibilities:
- Develop appropriate quantitative and qualitative validation methods
- Develop and maintain validation concepts for capital requirement models in scope
- Define and maintain guidelines and documentation
- Carry out initial as well as regular and ad-hoc validations of models within Risk Management
- Independently assess the adequacy of risk models on a regular basis
- Engage with model owners and development experts to ensure model risk is properly addressed
- Deliver model validation analysis and reports in support of senior management & committee review
- Collaborate with internal and external auditor
Your profile:
- Minimum 3 Years of Risk experience with a focus on model development or model validation
- University degree, financial or quantitative discipline, PhD would be an asset
- Good understanding of financial markets, financial products, as well as the regulatory landscape (ICAAP, ILAAP, CSSF)
- Well-developed analytical skills, creativity, critical thinking, ability to identify problems and propose pragmatic solutions in a timely manner
- High degree of results orientation as well as good presentation and communication skills
- Good programming skills (e.g., Python, R, C++, Java), experienced with databases (e.g., SQL)
- Experience in writing business requirements and specifications
- Proficiency in written and spoken English, German or French language skills would be an asset
- Efficient team player with a high degree of organizational self-reliance
- Enjoy Working in an international and diverse team
