Euronext Clearing

06 set - Milano
Euronext

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.
Key accountabilities: Independently validate the risk models designed by LoD1 used to measure market, credit risk and liquidity riskDevelop and maintain independent Python replications of margin and stress testing models, used to benchmark results and to run challenger analysesTimely analyse significant changes to a model through a standardized approach and issue recommendations/suggest alternativesDesign and perform sensitivity analyses, backtesting, anti-procyclicality and stress testing analysesInput data validation, implement process improvements to streamline data analysis and reportingLiaise with Regulators for MV topicsInteract effectively with model designers and model developers,



as well as with external consultants supporting validation activitiesPresent findings and recommendations to management and stakeholders, and draft independent validation reports to internal and supervisory standardsKnowledge, Skills and Experience: Master's Degree in Quantitative Finance, Engineering, Mathematics, Statistics, Physics or equivalentStrong knowledge of financial markets and instruments, pricing, risk indicators3-5 years of work experience in the banking or financial services industry, including regulators or consultancy firms; experience with Clearing Houses is a plusSolid 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 plusProficiency in Microsoft Office packageStrong knowledge of programming languages (e.g. Python, SQL, Julia...), with the ability to build and document quantitative models from scratch in a professional development environ

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