Your area of work
Eurex Clearing AG’s CCP Risk Management department safeguards financial market stability by managing credit risk. As a central counterparty (CCP), we act as an independent risk manager between buyers and sellers, reducing default risk and enhancing market resilience.
As a Default Manager Fixed Income & Rates you will develop and execute procedures for the hedging and liquidating exposures originating from exchange traded fixed income derivatives, interest rate swaps and inflation swaps in the event of a member default.
In this role, you will be responsible for ensuring the resilience of the clearing house by developing state of the art risk management concepts for products and services offered by Eurex Clearing AG. You will focus on exchange traded fixed income derivatives, interest rate swaps and inflation swaps.
You will join a diverse team of specialists with expertise across a wide array of asset classes supported by professionals who have a multitude of technical skills, financial derivatives knowledge and experience in financial markets and derivatives instruments.
Your responsibilities
1. Develop and improve risk and default management concepts enabling Eurex Clearing to monitor and analyse risk of and apply default management strategies for exchange traded fixed income derivatives, interest rate swaps and inflation swaps
2. Execute the default management process for fixed income derivatives, interest rate swaps and inflation swaps during a member default and regular default simulations
3. Communicate directly with senior traders of exchange participants and clearing members during default simulations, liquidity surveys and on topics that require market expertise
4. Contribute to the calibration and development of the Liquidity Adjustment, a margin component designed to capture the costs associated with a liquidation of large and concentrated derivatives positions
5. Conduct in-depth risk analyses of clearing members’ exposures and present results to senior management
6. Support strategic projects, implementation of new risk concepts and ensure default management readiness
Your profile
7. Higher education degree in finance, economics or quantitative finance disciplines
8. Highly motivated team player with a willingness and capability to perform in critical situations
9. Interest and professional experience in financial markets, risk management or handling/pricing of financial instruments
10. Knowledge about fixed income & rates markets, derivatives, clearing and CCP market risk management
11. Excellent command of MS-Office with proficiency in programming languages (R or Python) and database querying using SQL. Knowledge of DataBricks, PowerBI or Github is a strong plus
12. Proficiency in written and spoken English
Why Deutsche Börse Group?
We are committed to providing a work environment where everyone feels welcome and can reach their full potential. Our standards go far beyond simply matching candidates with the right position.
Mobility
We enable you to move freely with our job tickets, job (e-)bikes and free parking opportunities.
Work environment
Collaboration, communication, or deep focus – in our modern office buildings you will find the perfect work environment. Free drinks and food and meal allowances included.
Health and wellbeing
We care for your health and wellbeing and besides various health promotion measures we offer you a group accident insurance and additional insurance offers at discounted rates.
Financial stability
We provide financial stability by offering attractive salaries, company pension schemes, participation in our Group Share Plan, as well as bonuses, subsidies and discounts.
Hybrid work
Collaborate and exchange on-site or work remotely several days a week in line with business needs and local regulations. Our hybrid working model combines the best of both worlds.
Flexible working hours
We want your job to fit your life situation and offer flexible working time models, childcare allowance, or the possibility to study alongside your job.
Internationality
Our market infrastructures are globally connected. Working with us means collaborating with like-minded colleagues across over 60 locations from more than 100 nations.
Development
We promote individual development by offering internal development programmes, mentoring, further education and training budgets.