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

Gross Annual Salary: 45.000 - 50.000 euro

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)

• 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
• Contribute to structured reviews of new models, parameter changes, and new business initiatives

EMIR Tests & Quantitative Validation Activities

• Execute and enhance EMIR-mandated tests (Backtesting, Sensitivity Analysis, Reverse Stress Testing)
• Analyse results with a critical view on model performance, stability, and procyclicality
• Support interpretation of outcomes and escalation of key findings
• Contribute to continuous improvement of testing frameworks and methodologies

Controls & Risk Monitoring

• Design and perform quantitative controls on margin, default fund, and key risk metrics
• Monitor consistency, stability, and risk sensitivity of model outputs
• Develop anomaly detection approaches (including data-driven or ML-based techniques)
• Investigate outliers and perform deep-dive analyses when needed

Other responsibilities (secondary scope)

• Contribute to the challenge of key risk policies (Default Management, Liquidity, Collateral, Investment)
• Support default-related activities (e.g. liquidation logic, fire drills)
• Contribute to liquidity and investment risk monitoring tools
• Support development of internal analytics (including credit-related insights where relevant)
• Contribute to regulatory monitoring (EMIR / ESMA / IOSCO) and internal reporting
• Participate in the development of tools, dashboards, and automation initiatives

What we are looking for

We are looking for a strong quantitative thinker, able to challenge and not just execute.

Required:

• Degree in Mathematics, Physics, Engineering, Quantitative Finance or similar
• Strong understanding of financial risk concepts
• Solid analytical mindset with the ability to question models and assumptions
• Good programming skills (Python preferred) for data analysis and modelling
• Ability to work independently on complex and unstructured problems

Preferred:

• Experience in CCPs, clearing houses, or financial markets
• Knowledge of margin methodologies (VaR, Expected Shortfall, stress testing)
• Familiarity with EMIR or similar regulatory frameworks
• Exposure to large datasets and/or machine learning / AI techniques

What makes this role interesting

• Direct involvement in the independent challenge of CCP risk models
• Exposure to regulatory-driven quantitative frameworks (EMIR testing)
• High visibility and interaction with senior stakeholders
• Opportunity to develop a critical understanding of how risk models behave in practice
• Steep learning curve across multiple asset classes and risk dimensions

Why join us

You will be part of a function that plays a critical role in ensuring the robustness and credibility of the CCP risk framework.

This is an opportunity to work on complex quantitative problems with real impact, in an environment where critical thinking and independence are key.

About the AEX Experience

In 2013, Euronext Amsterdam, in collaboration with Stichting Capital Amsterdam, launched the AEX Experience - an educational initiative aimed at enhancing the financial literacy of students.

The AEX Experience is a 1-hour tour designed for scholars and students aged 15-21 years. It offers:

• An opportunity to discover the world of investing.
• An interactive and educational experience where they learn about the history of the stock exchange.
• A chance to enhance their financial knowledge by participating in the investing course and applying what they have learned in the Investors Game.
• A challenge to see if they can become the best investor and make the most profit.

About the Position

We are seeking an enthusiastic trainee to support the day-to-day operation of the AEX Experience. This role involves executing the tours, coordinating the visits of groups, and providing practical support for the educational tours at Beursplein 5. The intern will work independently under the supervision of the Communications department and will work in close collaboration with the Events, Communications and Facilities department of Euronext Amsterdam.

Key responsibilities

• Coordinate and manage the day-to-day operations of the AEX Experience.
• Assist in the execution of educational tours, ensuring a seamless and engaging experience for visitors.
• Provide logistical and administrative support to enhance the visitor experience.
• Collaborate with educational institutions to schedule and organise tours.
• Contribute to the continuous improvement of the AEX Experience by gathering feedback and suggesting enhancements.
• Contribute to the development of content for the website and other relevant platforms to ensure maximum visibility for the experience.
• Maintain and update the CRM database, fostering strong relationships with schools and universities.
• Work closely with the Events, Communications and Facilities team to ensure a smooth operation.

Your profile

• Currently pursuing or recently completed a MBO/HBO-degree in tourism, leisure, events, facilities, hospitality, communications, or a related field.
• Strong organisational skills with the ability to manage multiple tasks, with a customer-oriented mindset.
• Proactive and enthusiastic, with a pragmatic approach and attention to detail.
• Ambitious and eager to learn.
• Ability to work independently while being a team player.
• Fluency in Dutch and English is required; proficiency in additional European languages is an advantage
• Proficient in Microsoft Word, Excel, and PowerPoint.
• Knowledge of financial markets and products is advantageous

Role Profile

Within the Risk & Compliance department, a team of more than 40 talented professionals in Risk, Business Continuity Management, Internal Control and Compliance, spread across our various geographies, is ensuring to preserve the value assets and reputation of the company. Identifying and assessing risks, implementing mitigation actions, informing and raising staff and business awareness, monitoring and ensuring compliance with the appropriate regulations are the core activities embedded in our team.

In this department, Group Resilience, Operational and Technology Risk Team is covering the second line of defense function on ICT (Information and Communication Technology) Risk, including Data, IT, Cybersecurity, Business Continuity and Third‑Party risk for the Group. The team also ensures the continuous strengthening of ICT Risk Management and Digital Operational Resilience maturity across the Group. Stakeholders are located in all Euronext entities (Paris, Porto, Milan, Oslo, New York, Dublin, Copenhagen…).

We are seeking a proactive and structured IT and Cybersecurity Risk Manager to enhance our capacity to identify, assess and monitor the main ICT and operational risk drivers arising from both internal and external environments, including geopolitical tensions, market dependencies, technological disruption, AI evolution and emerging cyber threats. An important focus will be on forward‑looking risk assessments and the integration of emerging threats into the ICT risk framework.

You will play a key role in developing, coordinating and overseeing ICT Risk across the Group, working closely with a broad community of key experts, including Risk Managers, Business Continuity Managers, IT and Cybersecurity specialists, and Data and Innovation teams.

You will actively contribute to the definition, consolidation and reporting of the Group ICT Risk Profile, supporting senior management oversight and informed decision-making related to digital and operational resilience, taking into consideration internal maturity and also external context (cyber threat intelligence outputs, analysis of geopolitical, physical and climate-related risks)

You will support the deployment of the Digital Operational Resilience Strategy and actively contribute to support the team in AI risk assessment.

You will work closely with the teams to ensure that the risk culture is well spread in the organisation and that the proper mitigation actions are developed and maintain to limit the risk while considering business priorities.

You will also optimize ICT risk tools, methodologies and processes to ensure consistency and effectiveness across the Group.

Key Accountabilities

We are looking for a motivated person to join the Group Risk team. You will support the team in strengthening the Group’s ICT risk management framework and Digital Operational Resilience Strategy across all Euronext entities.

You will contribute to the development of local ICT and operational risk profiles within Euronext entities and support transversal, Group‑level risk analyses.

Mains activities are:

Threat intelligence; Emerging Risk

• Support the preparation of regular monitoring and analysis of the external risk environment, including emerging ICT and operational risks.
• Contribute to the identification of risk scenarios and potential impacts related to cyber threats, AI evolution, geopolitical developments, and other emerging risk drivers.
• Coordinate inputs with the Cyber Threat Intelligence (CTI) team and consolidate insights obtained from internal and external working groups.

Contribute to Group and Local Risk profiles

• Collaborate with internal stakeholders to identify, assess, and monitor ICT risks (including cybersecurity, data, IT, third‑party providers, and Business Continuity), ensuring alignment with company policies and regulatory frameworks (e.g., DORA, ISO 27001).
• Assist in conducting ICT asset risk assessments, including the evaluation of criticality, exposure, and dependency risks.
• Support the creation and maintenance of ICT risk registers and dashboards, ensuring accurate documentation and reporting.
• Contribute to the development and enhancement of ICT risk mitigation strategies and action plans.
• Participate in change management and project management Risk oversight
• Participate to development of Operational Risk Indicators

Risk Process optimization, template and Reporting

• Support the review and enhancement of ICT risk management processes, methodologies, templates and tools, including internal procedures.
• Contribute to the preparation of internal reports, dashboards and presentations for management and governance forums.
• Assist with the tracking of action plans and improvement initiatives and support the sharing of best practices across the risk management community.
• Contribute to the development of ICT Risk awareness programs and training initiatives

AI Risk framework

• Review and challenge AI Risk Assessments performed by the Business Teams in line with LOD2 responsibilities
• Actively contribute to the AI risk management framework update 
• Participate in AI Decision Committee, contributing to discussions on ongoing AI use cases and broader AI governance topics

Required Skills & Experience

Education and Experience

• Minimum 3 years of higher education in IT, cybersecurity, or risk management, or equivalent experience.
• Entry-level knowledge of IT systems, cybersecurity concepts, and risk management frameworks.
• Familiarity with standards and best practices such as ISO 27001, NIST, CIS
• Understanding of financial regulation (e.g., MIFID, DORA, NIS 2) is a plus.

Skills and Competencies

• Fluent in English (daily use); French is a nice-to-have.
• Strong analytical and problem-solving skills.
• Autonomy, proactivity, and ability to summarize complex information.
• Excellent communication skills, both written and verbal.
• Interest in digital risk 

Join us as a Project Manager for Clearing Operations !

We’re seeking a results-driven Project Manager to join our Clearing Operations team in Paris.

You will be primarily responsible for: 

• Lead and coordinate strategic projects, ensuring alignment with organisational goals and timely delivery

• Manage transversal activities across different teams, promoting effective collaboration between Operations, Client Services and IT

• Analyse and improve processes that impact several business areas, identifying opportunities for efficiency and risk reduction

• Prepare and present progress reports, KPIs and updates to stakeholders, highlighting key outcomes and risks

• Support decision-making by monitoring project performance and providing relevant analysis

Your profile:

• Experience in leading strategic projects and transversal activities within the financial markets industry

• Strong project management skills and ability to work across different business functions

• Analytical approach to problem-solving and process improvement

• Effective communication skills, able to present complex information clearly

• Ability to manage priorities and deliver results in a dynamic environment

• Rigor

• Fluency in English

Haven't found what you were looking for among our open positions?

At Euronext Securities Copenhagen, we greatly appreciate applications. If you have not found a position that matches your interests and skills, do not hesitate to send us your open application.

We look forward to receiving your application.

______________________________________________

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Vi ser frem til at modtage din ansøgning. 

Join us as a Clearing Operations Derivatives Analyst in our International Graduate Programme (V.I.E)!

We are looking for a Clearing Operations Derivatives Analyst (VIE) to join our team in Rome, starting on 1 February 2026, for an initial period of 12 months. This position is part of our International Graduate Programme (VIE) within Euronext Clearing. You will report to the ECO Derivatives Manager.

This is an excellent opportunity to launch your career with the leading pan-European market infrastructure. You will work closely with colleagues across different units and stakeholders, gaining hands-on experience in daily derivatives operations and contributing to projects that expand our product offering and improve our clearing processes.

You will be primarily responsible for:

• Delivering daily post-trade services for derivatives, ensuring accuracy, timeliness and quality. This includes trade capture, post-trade operations, position management, exercise/assignment and expiry management, trade and instrument reconciliations, premium and variation margin oversight, cash settlement and power derivatives cascading management.
• Managing corporate actions across derivatives products, ensuring precise execution and clear communication with clients.
• Overseeing physical delivery expiries on commodities products, monitoring matching, reconciliations, reporting and escalating breaches to safeguard business rules.
• Acting as the primary liaison for clearing members and internal teams to ensure seamless communication and operational excellence.
• Performing daily reconciliations between internal systems and external sources, investigating and resolving discrepancies promptly.
• Providing expert client advisory as a second-level point of contact for clearing members, collaborating with internal teams to resolve queries efficiently.
• Contributing to operational growth by supporting projects, testing and process enhancements to streamline workflows and support business expansion and new product initiatives.
• Supporting default management activities as a derivatives expert.
• Performing additional operational tasks as required to maintain service excellence.

Your profile:

• Bachelor’s degree in finance, economics, statistics or a related field.
• At least one successful internship or work experience in the financial industry, strategy consulting or a fast-growing business.
• Strong interest in clearing operations, with a focus on derivatives and commodities products.
• Analytical mindset and problem-solving attitude.
• Excellent client relationship and communication skills.
• Able to work accurately and effectively under pressure.
• Fluent in English; Italian is an advantage.
• Excellent knowledge of Excel; knowledge of SQL and Python is a plus.
• Fast learner with a proactive and entrepreneurial approach.
• Ability to multitask and manage priorities.

Working with us means:

• Joining an agile, innovative and dynamic company where you can make an impact.
• Benefiting from a professional experience designed for young graduates, with opportunities for international mobility and development.
• Collaborating with a vibrant, international and diverse team of over 2,200 talents across Europe.

Apply by submitting a CV in English.

Join Euronext – Shape capital markets for future generations.

Euronext is the leading European capital market covering the entire capital markets value chain, from listing, trading, clearing, settlement and custody, to solutions for issuers and investors. We operate seven national stock exchanges, handling 25% of European lit equity trading. Our products include equities, FX, ETFs, bonds, derivatives, commodities and indices. Euronext also provides clearing and settlement services through Euronext Clearing and our network of Euronext Securities CSDs. In addition, Euronext runs MTS, one of Europe’s leading electronic fixed income trading markets, and Nord Pool, the European power market. The company has a diverse domestic and international client base.

We 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.

As a Senior Legal Counsel, you will be responsible for handling all matters related to securities law arising from the development of Euronext Securities and the implementation of the Euronext strategic plan. Your expertise will be required to anticipate and resolve legal challenges specific to this sector, particularly in terms of cross-border regulation, and compliance with European standards.

This position presents a unique opportunity for a senior legal expert to engage in a high-value international activity by contributing to the structuring and development of Euronext Securities. You will have the chance to collaborate with prominent sector stakeholders and gain valuable experience in a dynamic and evolving environment.

The Senior Legal Counsel will notably be engaged in the following activities:

• Provide expert legal advice on matters affecting Euronext post-trade business units and their clients;
• Provide legal expertise in the domain of securities law;
• Manage responses to information and concerns and/or issues raised by clearing members, participants, issuers, custodians and other stakeholders;
• Provide general legal assistance to the business operations of Euronext Securities (the 4 CSDs) regarding, specifically, the application of the CSDR;
• Contribute to the tracking and monitoring of all relevant legislation and regulation, and contribute to ensuring compliance with governing law, among other CSDR:
• Align legal advice with Euronext legal and regulation team members.

Experience:

• +7 years of work experience preferable from a law firm within banking and finance or other experience from a bank,
• Specialist knowledge securities law is required
• Speaking and writing in both French and English. Good English skills are required.
• Able to advise with insight and understanding of the business’ and the client's needs
• Able to communicate clearly, concisely, and concretely
• Professionally strong with the ability to create trust and credibility among colleagues in the business
• Able to combine legal competencies with business understanding and is able to translate legal challenges into simple, operational and business supporting solutions

About the role:
We are seeking a production support Site Reliability Engineer (SRE) with strong automation skills to join our dynamic team. The ideal candidate will be responsible for ensuring the reliability, availability and performance of our production systems, while driving automation and operational excellence.

Key responsibilities:

• Provide day-to-day operational support for production environments, ensuring high availability and reliability of critical services.
• Develop, maintain and enhance automation scripts and tools using Bash, Python and Ansible to streamline operational tasks and incident response.
• Monitor system performance, proactively identify issues and implement solutions to prevent service disruptions.
• Collaborate with development, QA and infrastructure teams to implement best practices for deployment, monitoring and incident management.
• Participate in on-call rotation and respond to production incidents, performing root cause analysis and driving resolution.
• Maintain and improve configuration management, CI/CD pipelines and infrastructure as code practices.
• Document operational processes, troubleshooting steps and automation workflows.

Required skills and experience:

• Proven experience in a production support or SRE role within a complex, high-availability environment.
• Strong automation skills with proficiency in Bash, Python and Ansible.
• Experience with monitoring and alerting tools (e.g. Prometheus, Grafana, Elastic stack, Datadog).
• Solid understanding of Linux/Unix systems administration and troubleshooting.
• Familiarity with cloud platforms (e.g. AWS) and containerisation technologies (e.g. Docker, Kubernetes).
• Experience with configuration management and infrastructure as code tools (e.g. Terraform, CloudFormation).
• Knowledge of networking fundamentals, security best practices and incident management processes.
• Excellent problem-solving skills, attention to detail and ability to work under pressure.
• Strong communication and collaboration skills.

Desirable skills:

• Experience with version control systems (e.g. Git).
• Familiarity with Agile methodologies and DevOps culture.
• Exposure to database administration and troubleshooting (e.g. MySQL, PostgreSQL, Oracle).
• Scripting or automation experience with other languages (e.g. Go, Ruby).

Deliverables and Tasks:

1. Take handover from the Sales team to initiate product implementation – run the project from inception to delivery, maintain project plan, action log, risk log, etc.

2. Act as the primary point of contact for the business heads of our clients (Asset Management firms and CSA Brokers) during the implementation phase and run weekly project calls.

3. Understand the buy-side and sell-side business and assess their needs. Map their business requirements to the software product.

4. Customize the software as per client needs, perform gap analysis and suggest solutions.

5. Perform demos and trainings to hand over the product instance to clients.

6. Work with the Product Management Team to build a roadmap for enhancements and new functionalities which contributes towards the stability and vision of the product based on the feedback from the end-users and studying the industry trend.

7. Collaborate with Product Management, Development, Support and Testing teams to deliver the product as per client expectations – ensure a delightful user experience with the product.

8. Create user guides for clients to explain product usage and functionalities.

9. Troubleshoot, investigate and resolve Data/Application errors reported by clients.

10. Utilise the product support and change management processes effectively.

11. Implement changes and improvements to the procedures and processes to cope with a rapidly evolving system.

Become a tour guide for the AEX Experience

In 2013, Euronext Amsterdam, in collaboration with Stichting Capital Amsterdam, launched the AEX Experience - an educational initiative aimed at enhancing the financial literacy of students. This project aligns with Stichting Capital Amsterdam's educational goals, alongside promoting market financing, stock exchange activities, and preserving Dutch stock market heritage. The AEX Experience has been a successful concept, often paired with tours of De Nederlandsche Bank by schools. After a decade, the experience is being upgraded to resonate with today's youth and is set to reopen in September 2025 following a comprehensive renovation.

The AEX Experience offers visitors an immersive journey into the world of finance, providing insights into the workings of investing, the AEX index and the Amsterdam stock exchange. Our mission is to educate and inspire individuals about the financial markets through engaging and informative tours.

The AEX Experience is a 1-hour tour designed for scholars and students aged 15-21 years. It offers:

• An opportunity to discover the world of investing.
• An interactive and educational experience where they learn about the history of the stock exchange.
• A chance to enhance their financial knowledge by participating in the 'Investing' course and applying what they have learned in the Investors Game.
• A challenge to see if they can become the best investor and make the most profit.

The AEX Experience is a joint initiative by Euronext Amsterdam and Stichting Capital Amsterdam, the independent foundation that promotes the importance of the public capital market in the Netherlands. Goal of the AEX Experience is to increase the financial literacy of future generations of investors in the Netherlands.

About the Position

We are seeking enthusiastic tour guides, for the execution of our educational tours. As a guide, you will be the face of the AEX Experience,  leading visitors through our interactive tour through the building. Your enthusiasm will ensure a memorable experience for all guests.

Flexible working hours (during office hours only)

We offer all tour guides comprehensive training on tour content and visitor engagement, making this role a perfect opportunity to work in a historic and educational setting. The tours will take place from Monday to Friday, between 10:00 – 17:00 CET. You will have the freedom to plan your own shifts, allowing you to combine this role easily with your studies or other commitments.

Key responsibilities

• Lead groups of visitors through the AEX Experience, delivering informative and captivating narratives about the stock exchange and financial markets.
• Address questions, provide additional information, and ensure a positive and educational experience for all guests.
• Simplify financial concepts to make them accessible to scholars and students. 
• Gather visitor feedback to help improve tour content and overall experience.

Knowledge, Skills and Experience Required

Your profile

• Native Dutch speaker with fluent English.
• A degree or current enrollment in Finance, Economics, History, or a related field is preferred (HBO/University level).
• Comfortable speaking in front of diverse groups and tailoring presentations to various audience types.
• Friendly, approachable, and capable of engaging with visitors of all ages and backgrounds.
• Willingness to work flexible hours.
• Knowledge of financial markets and products is advantageous.

About Euronext, the leading European exchange 

Euronext N.V. is a listed, high-tech company with strong European roots. It is the leading European stock exchange, with listing venues in Amsterdam, Brussels, Dublin, Lisbon, Milan, Oslo and Paris. Our mission is to build the leading European market infrastructure, shaping the capital markets for future generations by making an impact on our industry and our ecosystem. Euronext connects local European economies to the global capital markets, to accelerate innovation and sustainable growth.

There are almost 2,000 companies listed on the Euronext exchanges, including national and international blue-chip companies such as AMSL, Unilever, Philips, Heineken and ING, with a total worth of almost €6.3 trillion. It is also the leading exchange for derivatives, with on average 3.3 million transactions per day with a transaction value of €11.26 billion, and is home to more than 1500 indices, including the AEX Index. With four central securities depository (CSDs) and one clearing house in Europe, Euronext manages the entire capital markets value chain.

Euronext Amsterdam, the oldest stock exchange in the world 

The origin of Euronext can be traced to the founding of the Amsterdam Stock Exchange in the 16th century, the oldest stock exchange in the world. In 2000 Euronext was founded by the strategic merger of exchanges in Amsterdam, Paris and Brussels.

Euronext nowadays is an international, intercultural company, which provides its more than 2,200 employees in more than 20 countries worldwide with a dynamic work environment at a high-tech company, including Euronext Amsterdam. In the Netherlands a total of 200 professionals help build the future of our fast-growing company.

Heart of the Dutch financial capital market 

Euronext Amsterdam is located in the lively city centre of Amsterdam at the historical exchange building at Beursplein 5. This historical building is the heart of the Dutch financial capital market. With around 35 tenant companies all active in the ecosystem of the Amsterdam stock exchange, our building functions as a trading, knowledge and network centre in Amsterdam and the Netherlands. As part of its societal role, Euronext Amsterdam opened an educational and interactive tour for students in 2014: the AEX Experience.

Apply

Apply to this job by sending an e-mail to hr-amsterdam@euronext.com