Java (nice to have)
Python (nice to have)
mathematical-statistical skills (junior)
Join our team as a Model Developer!
Together with your team You will be doing
Conceptual new and further development of state-of-the-art quantitative credit risk forecasting models (e.g. PD, LGD, CCF)
Integration of different requirements and interests from the business side, operative risk management and regulatory / standard requirements
Internal mathematical-statistical development of quantitative credit risk forecasting models using state of the art methods taking into account the impact on the bank’s risk parameters.
Group-wide mathematical-methodological responsibility for quantitative credit risk forecasting models
Forward-looking construction of a cross-functional methodology architecture
Estimation and optimization of separation power, quality of quantification and stability of forecasts and comprehensive uniform calibration on Basel compliant definition of default
Ensuring compliance with regulatory / accounting standard requirements (Basel / IFRS9 etc.) and monitoring of regulatory adequacy
Programming of prototypes for impact and scenario analysis in different programming languages (SAS, R, Python, SQL)
Data preparation, statistical and empirical investigations, handling of very large amounts of data, their aggregation and evaluation
Preparation of technical specifications, presentations and documentation of quantitative credit risk forecasting models
Internal and external communication, including auditors, regulators, external partners and rating agencies
Which technology & skills are important for us?
Bachelor degree with very good grades in mathematics , physics , econometrics or economics
Very good mathematical-statistical skills (multivariate statistical methods, stochastic processes, etc.)
Basic knowledge mathematical / statistical software packages ( SAS , R , Matlab ).
English B2 level (mandatory)
Nice to have :
First professional experience e.g. during internships
Basic command of modern programming languages ( C , C++ , Java , Python etc)
Openness to learn German
Do not worry, if you do not have experience in some of the points - we will provide trainings for you!
Remotely or hybrid on Wersalska 6 street (Łódź)
What we offer?
Skills Work - development program
Language trainings - English, German and Polish courses
26 days of full paid holiday + extra day off for each man-year
Sodexo Lunch Pass - pre-paid card for lunch
Relocation Assistance Program
Employee Assistance Program (psychological support)
E-learning platforms : O'Reilly, libraries, tutorials
Of course, we offer Development Plans for employees, Medical Care Package , Life insurance , flexible working hours , integration events and much more
Important! Please add the clause to your CV. You can find it on the end of the advert.
At this stage of the recruitment process, you don't have to send your CV - a link to your profile or portfolio will be ok!
Put a link to ,,Experience summary module. We will ask you to for your CV later in the process.
Below you can find more information about Commerzbank and cluster
Commerzbank is a leading international commercial bank with branches and offices in almost 50 countries. The world is changing, becoming digital, and so we are.
We are leaving the traditional bank behind us and are choosing to move forward as a digital enterprise. This is exactly why we need talented people who will join us on this journey.
We work in inter-locational and international teamwork in agile methodologies.
Description of the cluster :
Within the cluster we deliver :
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 defense 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 center 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. 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.