Euronext Clearing - Senior Associate, Model Validation

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