Default Manager Fixed Income & Rates (f/m/d) - #2168949

Company:

Deutsche Börse Group

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

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  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
  
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  Execute the default management process for fixed income derivatives, interest rate swaps and inflation swaps during a member default and regular default simulations
  
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  Communicate directly with senior traders of exchange participants and clearing members during default simulations, liquidity surveys and on topics that require market expertise
  
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  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
  
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  Conduct in-depth risk analyses of clearing members’ exposures and present results to senior management
  
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  Support strategic projects, implementation of new risk concepts and ensure default management readiness
  

Your profile

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  Higher education degree in finance, economics or quantitative finance disciplines
  
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  Highly motivated team player with a willingness and capability to perform in critical situations
  
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  Interest and professional experience in financial markets, risk management or handling/pricing of financial instruments
  
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  Knowledge about fixed income & rates markets, derivatives, clearing and CCP market risk management
  
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  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
  
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  Proficiency in written and spoken English