The ESM is the crisis resolution mechanism for euro area countries, an unique place to work with around 220 individuals from around the world committed to making a difference to the future of the euro area. It recruits talented professionals of any nationality from both the private and public sector.

✔️Experienced Risk Officer, Model Validation MSc/PhD/Master/Engineer Quant - 8 yrs Exp - Luxembourg

►The ESM is looking for

✔️ Experienced risk officer to review and validate quantitative financial models in use by the ESM, including activity on market risk, liquidity risk, credit risk, asset and liability management, and financial planning models.

✔️ The selected candidate will also support the development of new models in non-financial risk areas such as operational risk measurement, risk transfer techniques, and ESG risk factors.

✔️ The selected person will report to the Head of Risk Management.

► A 4 Year Fixed Term Contract with possibility of Extension

✔️ Location: Luxembourg + possibility to work remotely, normally around two days a week, from Luxembourg and the border region (or from further away under certain conditions)

► Among the key accountabilities:

✔️Regularly review and update inventory of models in liaison with related business units

✔️Risk rate the models to identify those in scope of validation activities, according to internal policies

✔️Understand and analyse the quantitative models to be validated

• Key background & experience: MSc/PhD/Master/Engineer in relevent field such as statistics, engineering, quantitative finance, or economics
• Experience in:
  • developing and or validating financial models (mandatory)
  • back testing, using quantitative and statistical technique (mandatory)
  • derivatives evaluation and modelling (is an asset)
• At least 8 year of relevant professional experience in risk management or audit, preferably in a financial institution