ph3Join us as a Senior Quantitative Risk Analyst – Financial Risk (LOD2, CCP) /h3 pLocation: Rome (Hybrid) /p pTeam: Clearing Risk – LOD2 Financial Credit Risk /p pReporting to: Head of Financial Credit Risk /p pGross Annual Salary: *************** euro /p h3About The Role /h3 pWe are looking for a quantitative profile to join the Risk Oversight Controls (ROC) function within the Second Line of Defence (LOD2) of a Central Counterparty (CCP).
/p pThe role is focused on independent model challenge, EMIR regulatory testing and controls across margin, default fund, and risk frameworks.
/p pThis is a high-impact position: you will not develop models, but you will assess, challenge, and strengthen them.
You will work at the intersection of quantitative modelling, risk governance, and regulatory expectations.
/p h3Key Responsibilities /h3 h3Model Challenge (core focus) /h3 ul liPerform independent challenge of Initial Margin, Default Fund, and stress testing frameworks across asset classes (Fixed Income, Equities, Derivatives, Commodities, Power) /li liAnalyse model assumptions, limitations, and behaviour under stressed and non-linear market conditions /li liIdentify weaknesses and propose improvements, recalibration, or redesign /li liContribute to structured reviews of new models, parameter changes, and new business initiatives /li /ul h3EMIR Tests Quantitative Validation Activities /h3 ul liExecute and enhance EMIR-mandated tests (Backtesting, Sensitivity Analysis, Reverse Stress Testing) /li liAnalyse results with a critical view on model performance, stability,



and procyclicality /li liSupport interpretation of outcomes and escalation of key findings /li liContribute to continuous improvement of testing frameworks and methodologies /li /ul h3Controls Risk Monitoring /h3 ul liDesign and perform quantitative controls on margin, default fund, and key risk metrics /li liMonitor consistency, stability, and risk sensitivity of model outputs /li liDevelop anomaly detection approaches (including data-driven or ML-based techniques) /li liInvestigate outliers and perform deep-dive analyses when needed /li /ul h3Other Responsibilities (secondary Scope) /h3 ul liContribute to the challenge of key risk policies (Default Management, Liquidity, Collateral, Investment) /li liSupport default-related activities (e.g. liquidation logic, fire drills) /li liContribute to liquidity and investment risk monitoring tools /li liSupport development of internal analytics (including credit-related insights where relevant) /li liContribute to regulatory monitoring (EMIR / ESMA / IOSCO) and internal reporting /li liParticipate in the development of tools, dashboards, and automation initiatives /li /ul h3What We Are Looking For /h3 pWe are looking for a strong quantitative thinker, able to challenge and not just execute.
/p h3Required /h3 ul liDegree in Mathematics, Physics, Engineering, Quantitative Finance or similar /li liStrong understanding of financial risk concepts /li liSolid analytical mindset with the ability to question models and assumptions /li liGood programming skills (Python preferred)



for data analysis and modelling /li liAbility to work independently on complex and unstructured problems /li /ul h3Preferred /h3 ul liExperience in CCPs, clearing houses, or financial markets /li liKnowledge of margin methodologies (VaR, Expected Shortfall, stress testing) /li liFamiliarity with EMIR or similar regulatory frameworks /li liExposure to large datasets and/or machine learning / AI techniques /li /ul h3What Makes This Role Interesting /h3 ul liDirect involvement in the independent challenge of CCP risk models /li liExposure to regulatory-driven quantitative frameworks (EMIR testing) /li liHigh visibility and interaction with senior stakeholders /li liOpportunity to develop a critical understanding of how risk models behave in practice /li liSteep learning curve across multiple asset classes and risk dimensions /li /ul h3Why join us /h3 pYou will be part of a function that plays a critical role in ensuring the robustness and credibility of the CCP risk framework.
/p pThis is an opportunity to work on complex quantitative problems with real impact, in an environment where critical thinking and independence are key.
/p pWe are proud to be an equal opportunity employer.
We do not discriminate against individuals on the basis of race, gender, age, citizenship, religion, sexual orientation, gender identity or expression, disability, or any other legally protected factor.
We value the unique talents of all our people, who come from diverse backgrounds with different personal experiences and points of view and we are committed to providing an environment of mutual respect.
/p h3Additional Information /h3 pThis job description is only describing the main activities within a certain role and is not exhaustive.
It does not prevent to add more tasks, projects.
/p /p #J-*****-Ljbffr

📌 Euronext Clearing- Senior Associate, Financial Risk Lod2 (Bardi)
🏢 Euronext
📍 Bardi