Euronext Clearing- Head of Model Validation

Introduction

Euronext Clearing is seeking a Head of Risk Model Validation to manage and coordinate its model validation team in Rome. This is a key management role, requiring strong quantitative as well as team leadership and coordination skills to support and develop a motivated team. You will ensure the integrity and robustness of risk models used to measure market, credit and liquidity risk, supporting the safe and efficient functioning of Euronext’s clearing operations. You will join a dynamic environment at the heart of European capital markets, with the opportunity to contribute actively to risk management practices and support continuous improvement.

The position can be based in Rome or Milan.

You will primarily be responsible for:
• Managing the independent validation of risk models used to measure market, credit and liquidity risk, ensuring quality and timely delivery

• Analysing significant changes to models in a timely manner using a standardised approach, issuing recommendations and suggestions
• Developing and analysing sensitivity analysis, backtesting and stress testing
• Validating input data and implementing process improvements to streamline data analysis and reporting
• Liaising with regulators on model validation topics

• Facilitating effective collaboration with model designers and developers

• Presenting findings and recommendations to management and stakeholders, supporting decision-making
• Drafting technical specifications in the area of credit and counterparty risk (Basel III) following the launch of new products

Your profile
• Master’s degree in quantitative finance, engineering, mathematics, statistics, physics or equivalent
• Strong knowledge of financial markets and instruments, pricing and risk indicators
• Seven - ten years’ experience in the banking or financial services industry, including roles with regulators or consultancy firms
• Proficiency in Microsoft Office
• Strong knowledge of programming languages such as Matlab, Python, SQL, Julia or C++
• Demonstrated experience in managing teams
• Strong analytical skills, critical thinking and a problem-solving attitude
• Fluency in both spoken and written English
• Ability to motivate and support team members in achieving objectives
• Excellent communication skills and outcome-oriented approach
• Knowledge of information providers such as Bloomberg and Reuters

Working with us means
• Playing a key role in the development and diversification of Euronext’s clearing franchise
• Collaborating with talented professionals in a fast-paced, international environment
• Access to continuous learning and professional development opportunities
• Contributing to the safety and efficiency of European capital markets

Apply by submitting a CV in English.

About Euronext Clearing
Euronext Clearing is a multi-asset-class clearing house that provides proven risk management capabilities for Euronext’s cash, financial and commodity derivatives markets. As the central counterparty (CCP) of choice for Euronext markets, it ensures the efficient and safe functioning of the markets. Join us and play a key role in the development and diversification of Euronext’s clearing franchise.
Find out more about us at: Euronext Clearing

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.

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.