Intern - Risk Management - Model Validation (f/m/d)
Clearstream Banking Luxembourg
Luxembourg, L, LU
il y a 20h

Field of activity

Model Validation provides independent effective challenge of models, applying financial theory and quantitative methods.

We define 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.

Tasks / responsibilities

Support the Model Validation Unit to :

  • Develop appropriate quantitative and qualitative validation methods including potential outcomes and their impact
  • Participate in the initial validation of new and / or changed models
  • Define and track Model Validation findings and work on potential recommendations to the model owner
  • Maintain the model inventory of the different legal entities
  • Assess the adequacy and robustness of risk models on a regular basis
  • Deliver model validation analysis and reports in support of senior management & committee review and challenge of the risk position
  • Prepare regulatory submissions
  • Qualifications / required skills

  • You must be enrolled in an academic programme recognised by the state (Finance / Economics / Mathematics preferred) and must have completed at least the first 2 years of your university studies OR you have graduated for less than 2 years
  • Interest in financial markets, financial products, as well as the regulatory landscape
  • Knowledge of statistical and econometric methods and their application
  • Analytical skills, as well as results orientation and efficient team player with good communication skills
  • Very competent handling of MS office, experience with programming languages (e.g. Python)
  • Commitment, a high degree of organizational self-reliance, motivation and accuracy
  • Proficiency in written and spoken English. German would be an advantage
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