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Eurex Clearing AG Logo
Eurex Clearing AG

Intern - Default Management in Risk Department (f/m/d)

Frankfurt
  • Veröffentlicht am 13.11.2024
  • Praktikum
Eurex Clearing AG Logo

Intern - Default Management in Risk Department (f/m/d)

Eurex Clearing's Risk Management department is responsible for the strategic development of the risk management framework of the Central Counterparty (CCP). Default Management Section under Risk Management department is responsible for the Default Management Process (DMP) of the CCP. Goal of the DMP is to re-balance the CCP by establishing new transactions with its Clearing Members which replace those transactions that have been terminated with the defaulted Clearing Member. 

Your area of work

As an Intern (f/m/d) you will support the Default Management Section in the Risk Management department. The Default Management Section of Eurex Clearing is responsible for handling the default of one of our Clearing Members. During such an event, our traders will need to liquidate swiftly the portfolios of the defaulted bank. To achieve this goal, we need precise operational processes, as well as stable and efficient tools. As an Intern in the Default Management Section, you will participate in the enhancement and the creation of such tools and processes as part of long-term projects. Additionally, you will support our daily activities in evaluating our potential market and counterparty risk. By directly working within the Default Management Section, you will be at the heart of the CCP, and, therefore, gain a good insight in capital markets, from a trading and clearing point of view, but also knowledge about market regulations and risk measurement.

Your responsibilities:

  • You will help the trading desk during liquidation/simulation of liquidation process
  • You will support trading and risk management tools maintenance, enhancement and creation
  • You will participate in the Default Management process amendment / enhancement
  • You will make yourself and your teammates aware of relevant market news
  • You will assist in quantitative and qualitative risk assessment (e.g. market risk, counterparty risk, credit risk)
  •  
    Your profile:

  • You are enrolled during the entire period of activity at a state-recognized university as a regular student and have completed at least 6 semesters. Your study focuses on the field of financial mathematics, economics, market finance or other comparable fields. Furthermore, we offer the possibility of an orientation internship, whereby you are currently in a gap-year after your bachelor's or master's degree in the above-mentioned fields of study - in this case, a certificate of enrolment is not required
  • You are familiar with financial derivatives, risk management and affinity to numbers and quantitative approaches
  • Your curiosity and proactivity push you to challenge the status-quo and identify overlooked problems that you can resolve with creative and analytical thinking
  • You have basic programming skills (SQL, Python/R, VBA), you master the MS Office suite and ideally have knowledge in Bloomberg / Reuters
  • You are fluent in written and spoken English
     
  • Start date: 01/01/2025 or 01/03/2025

    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.

    Standort

    Eurex Clearing AG, Frankfurt