Default Manager Equity Derivatives (f/m/d)

Frankfurt am Main

Your career at 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.

In the role of Default Management Specialist – Equity Derivatives, you will contribute to developing and implementing approaches for hedging and liquidating derivatives exposures related to exchange-traded equity and equity index products in the event of a member default.

You will support the resilience of the clearing house by contributing to effective and continuously improving risk management practices for Eurex Clearing AG’s products and services. Your work will focus on exchange-traded equity, equity index, volatility, and dividend derivatives, along with related data and analytics.

You will work as part of a collaborative team with a range of experiences across multiple asset classes. We value different perspectives and recognize that strong teams are built on diverse backgrounds, skills, and ways of thinking. We support continuous learning and welcome applicants at different stages of their careers.

Your responsibilities

• Contribute to the development and refinement of risk and default management approaches for monitoring, analyzing, and managing risks related to listed equity and equity index derivatives
• Participate in the execution of default management processes, including both simulations and actual default scenarios
• Support the maintenance and improvement of data quality, accuracy, and accessibility related to default management
• Develop and apply data analysis solutions using tools such as Python, SQL, Databricks, or similar technologies
• Communicate with market participants, including traders and clearing members, in a clear and professional manner during simulations, surveys, and discussions
• Assist in the development and calibration of the Liquidity Adjustment, a margin component used to reflect the cost of managing complex or large derivatives positions
• Conduct data-driven analyses of derivatives portfolios and present findings to stakeholders, including senior management
• Use modern data platforms to build scalable analytics workflows and explore opportunities for automation and AI-supported solutions

Your profil

We understand that relevant experience can be gained through different paths. If your background does not match every requirement exactly, we still encourage you to apply.

• A degree in finance, economics, quantitative disciplines, or a related field, or comparable practical experience from academic, professional, or alternative learning paths
• Experience with one or more of the following: Python, SQL, GitHub, or similar tools; familiarity with Databricks and/or Power BI is beneficial
• Interest in financial markets and risk management; experience with financial instruments or derivatives is helpful but can be developed in the role
• Knowledge of clearing and CCP risk management is beneficial but not required
• Ability to work collaboratively within a team and adapt to evolving tasks and priorities
• Familiarity with common productivity tools (e.g., MS Office or similar applications)
• Working 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.