
Intern - Credit Risk & Default Management in Risk Department (f/m/d)
Required skills
Job description
Deutsche Börse Group posted this role. Below, we break down what it means for a working student in Frankfurt: your weekly hours, take-home pay and visa limits. You can also open ChatGPT or Claude with a ready-made prompt to tailor your CV, check your fit, draft a cover letter or prep for the interview.
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Description provided by Deutsche Börse Group
Your field of activity
As an Intern (f/m/d) you will support the Credit Risk & Default Management Section in the Risk Management department. The Credit Risk & Default Management Section of Eurex Clearing is responsible for handling the potential default of one of our Clearing Members. During such an event, our traders will need to liquidate swiftly the portfolios of the defaulted bank. To achieve this goal, we need precise operational processes, as well as stable and efficient tools. As an Intern in the Credit Risk & Default Management Section, you will participate in the enhancement and the creation of such tools and processes as part of long-term projects. Additionally, you will support our daily activities in evaluating our potential market and counterparty risk. By directly working within the Credit Risk & Default Management Section, you will be at the heart of the CCP, and, therefore, gain a good insight in capital markets, from a trading and clearing point of view, but also knowledge about market regulations and risk measurement.
Your responsibilities:
- You will help the trading desk during liquidation/simulation of liquidation process
- You will support trading and risk management tools´ maintenance, enhancement and creations
- You will participate in DMP´s amendment / enhancement
- You will make yourself and the team aware of relevant market news
- You will assist in quantitative and qualitative risk assessments (e.g. market risk, counterparty risk, credit risk)
- You are enrolled during the entire period of activity at a state-recognized university as a regular student and have completed at least 6 semesters
- Your study focuses on the field of financial mathematics, economics, market finance or other comparable fields
- Furthermore, we offer the possibility of an orientation internship, whereby you are currently in a gap-year after your bachelor's or master's degree in the above-mentioned fields of study - in this case, a certificate of enrolment is not required
- You are familiar with financial derivatives, risk management and affinity to numbers and quantitative approaches
- Your curiosity and proactivity push you to challenge the status-quo and identify overlooked problems that you can resolve with creative and analytical thinking
- You have basic programming skills (SQL, Python/R, VBA), you master the MS Office suite and ideally have knowledge in Bloomberg / Reuters
- You are fluent in written and spoken English
Working student essentials
What this Finance internship in Frankfurt means for you: the pay rules, the social contributions, and what international students should check before applying.
Weekly hours
Internships have no 20-hour cap, but a voluntary internship longer than three months generally has to pay at least the German minimum wage. Mandatory internships in your study programme are exempt.
Working student rulesSocial contributions
Mandatory internships are largely exempt from social contributions. Voluntary internships are treated like regular employment once they run long enough, so contributions usually apply.
Check your insuranceInternational students
Non-EU students can work 140 full or 280 half days per year (raised from 120/240 in March 2024). A working student contract usually fits within this — confirm the exact limits printed on your residence permit.
Studying in Germany