Summary
Location
Luxembourg
Type
internship
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About this role
Your area of work:
Clearstream, part of the Deutsche Börse Group, is a leading global provider of post-trade services, offering settlement, custody, and collateral management solutions. Our expertise ensures stability, efficiency, and transparency in financial markets worldwide.
The Model Validation Team plays a critical role in ensuring the robustness, accuracy, and compliance of the risk models used at Clearstream. This is your chance to gain hands-on experience in a high-stakes environment, working with professionals who validate cutting-edge financial models.
Your responsibilities:
- Assist in validating risk models used for operational risk, credit risk, market risk, and liquidity risk management.
- Help perform statistical analyses and backtesting to assess model performance.
- Assist reviewing model assumptions, methodologies, and limitations.
- Help develop and run stress-testing frameworks to evaluate model robustness under extreme scenarios.
- Research innovative approaches to enhance model accuracy and validation processes.
- Support the team with document findings and prepare validation reports in alignment with regulatory requirements (e.g., CSDR, MaRisk).
Your profile:
- You must be enrolled in a Master’s degree in in a quantitative field such as Finance, Mathematics, Statistics, Computer Science, Economics, or related disciplines, and can provide an internship agreement, OR have graduated with a Bachelor's degree or similar for no more than 6 months
- Familiarity with statistical analysis, probability theory, predictive modeling, data science techniques, time series analysis, clustering, etc.
- Basic understanding of financial products (e.g., fixed income) and risk management concepts.
- Excellent problem-solving abilities with a keen eye for details.
- Strong ability to interpret and critically analyze data.
- Effective communication and writing skills.
- Ability to work both independently and collaboratively in a team.
- Fluent in English (spoken and written).
- Strong programming skills in Python.
Other facts
About Deutsche Börse Group
Deutsche Börse Group has concentrated all its cash market business in Deutsche Börse. It organizes one of the leading cash markets in Europe and offers companies, brokers and investors access to the German, European and international capital markets.
Our product portfolio and services cover the admission of securities to trading – according to recognized rules and in customized market segments. In the form of Deutsche Börse Xetra® and Deutsche Börse Frankfurt we operate two of the world’s most renowned trading platforms where prices are determined on the exchange and, thanks to the Central Counter Party (CCP), with minimum default risk for stock and bond transactions.
Deutsche Börse champions regulated and transparent markets that enable efficient, safe and fair securities trading. We provide solutions for efficiently raising and allocating capital, in this way laying important foundations for the real economy. Through this commitment, we make a valuable contribution to ensuring the exchanges fulfil their macroeconomic role.
Privacy policy: https://www.cashmarket.deutsche-boerse.com/cash-en/privacy-notice
Imprint: https://www.cashmarket.deutsche-boerse.com/cash-en/imprint
What you'll do
- Assist in validating various risk models and perform statistical analyses to assess model performance. Support the team in documenting findings and preparing validation reports in compliance with regulatory requirements.
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