Intern - Model Validation (f/m/d)

**Your career at Deutsche Börse Group** **Your area of work** As an intern (f/m/d) you will support the team in the Clearstream Model Validation department in ensuring the robustness, accuracy, and compliance of the risk models. **Your responsibilities:** * You will assist in validating risk models used for operational risk, credit risk, market risk, and liquidity risk management * You will perform statistical analyses and backtesting to assess model performance and review model assumptions, methodologies, and limitations * You will develop and run stress-testing frameworks to evaluate model robustness under extreme scenarios * Furthermore, you will research innovative approaches to enhance model accuracy and validation processes * You are also supporting in document findings and prepare validation reports in alignment with regulatory requirements (e.g., CSDR, MaRisk) * Besides that, you will work on automation of the validation scripts **Your profile:** * You are currently pursuing a Master’s/PhD in a quantitative field such as Finance, Mathematics, Statistics, Computer Science, Economics, or related quantitative disciplines * You have strong programming skills in Python, R, or a similar language * You are familiarity with statistical analysis, probability theory, predictive modeling, data science techniques, time series analysis, clustering, etc. * You have a basic understanding of financial products (e.g., fixed income) and risk management concepts * Morover, you have excellent problem-solving abilities with a keen eye for detail * You have a strong ability to interpret and critically analyze data and also effective communication and writing skills * Additionally, you have the ability to work both independently and collaboratively in a team * Furthermore, you are proficient in written and spoken English, German is a plus **Start date:** 01/12/2026