Model Developer Intern - Risk Models & Calculations - Młodzi w Łodzi 2024
Commerzbank
- Łódź, łódzkie
- Praktyka
- Pełny etat
- Conduct technical, business and data quality analyses
- Solving problems (both business & model related, support technical fixes)
- Master degree or being at last year of studies in statistics, econometrics, mathematics, or related field
- Interest in banking and economics, statistics, IT or related field
- Good acquaintance of MS Office tools – Excel and Word
- Have basic knowledge of R/Python
- Good analytic thinking with attention to details
- English B2 level – it is our business language
- Have basic knowledge of SQL
- Have already acquired some professional experience e.g. during internships
- Paid graduate internship contract for 3 months
- Subsidized meals - Sodexo Lunch Pass card
- Access to the Speexx e-learning language platform
- Access to O'Reilly and Clix (Linkedin Learning) e-learning platform
- Opportunity to gain experience and start career in our IT departments
- Support of experienced mentors
- Trainings with Professionals
- Work in an international environment in the Agile methodology
- Individual approach - flexible working hours, the possibility of combining internship with studies, completing obligatory student internships
- Interests groups (f.e. board games, cooking) and integration events
- Internal training program Skills@work (coffee Learning Session – informal quarterly meetings among employees focusing on a given technological or business issue, Trainer Academy – Technical training organized by employees for employees, Guilds – groups focusing on a given technology)
Hybrid on Wersalska 6 (Łódź)Important! Please add the clause to your CV. You can find it on the end of the advert.
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- Development, roll-out and maintenance of group-wide models for credit risk, operational risk, capital requirements and stress-testing (incl. tight monitoring of model performance). We are model owner and 1st line of defence for model risk.
- Implementation of models in calculation kernels (e.g. rating models, RWA-calculation, C-VaR, LGD-Service, OpRisk and Stress).
- Specification and implementation of rating tools as well as other central risk applications – used mainly by own Front-Ends in the credit process or in online applications.
- Calculation of the economic capital requirements (e.g. Credit Portfolio Model, AMA for OpRisk, business- and physical asset risk - incl. stressed conditions).
- Basis calculation for risk provisions (especially IFRS9 Stage Assignment and Lifetime-EL) and centre of competency for Asset Backed Securities
- IT-solutions for recording, management and calculation of the operational risk, tools for and management of the internal control system.
- Operational stability of the IT-Applications (e.g. wrt incidents or delays) but also optimization of IT-platform as well as minimization of manual processes.
- Tailor-made risk analysis (e.g. scenarios, impact analysis, Ad-Hoc requests) in particular for the management of the current COVID-19 crisis. Professional response on customer requests.
- Main contact for regulators, chartered accountant and internal auditors concerning model development and implementation.
- Implementation of important regulatory and strategic initiatives: e.g. implementation and fulfillment of new regulatory requirements for AIRB rating models, acceleration of rating calculation, enablement of digital credit journey, improvement of credit decision and streamlining of credit processes.