Euronext Clearing- Senior Associate, Financial Risk LOD2

Job description

Join us as a Senior Quantitative Risk Analyst – Financial Risk (LOD2, CCP) Location: Rome (Hybrid) Team: Clearing Risk – LOD2 Financial & Credit Risk Reporting to: Head of Financial & Credit Risk About the role: We 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). The role is focused on independent model challenge, EMIR regulatory testing and controls across margin, default fund, and risk frameworks. This 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. Key responsibilities: Model Challenge (core focus): EMIR Tests & Quantitative Validation Activities - Perform independent challenge of Initial Margin, Default Fund, and stress testing frameworks across asset classes (Fixed Income, Equities, Derivatives, Commodities, Power) - Analyse model assumptions, limitations, and behaviour under stressed and non-linear market conditions - Identify weaknesses and propose improvements, recalibration, or redesign - Cont...