Model Validation Scientist (all genders)
1. Location: Vienna
2. Working hours: Full-time
3. Occupational Area: Risk management
4. Company: Erste Group Bank AG
5. Health Center
6. Success through diversity
7. Employee benefits
8. Learning & Development
9. Employee Share Program
Erste Group was founded in 1819 as the first Austrian savings bank and today it is one of the largest banking groups in Central and Eastern Europe (CEE). As an attractive employer, Erste Group offers interesting career opportunities in an international environment.
10. Setting the group-wide validation methodology and standards for AI/ML models with a specific focus on credit (i.e., IRB, IFRS 9, Pillar 2) and operational risk (i.e., AMA) use areas
11. Implementing the validation methodologies and standards in a dedicated analytical environment
12. Continuously improve and maintain group-wide validation methodology and validation architecture
13. Conducting independent model validation and tracking the validation process
14. Ensuring internal communication and cooperation for successful validation
Your Tasks
15. Setting the group-wide validation methodology and standards for AI/ML models with a specific focus on credit (i.e., IRB, IFRS 9, Pillar 2) and operational risk (i.e., AMA) use areas
16. Implementing the validation methodologies and standards in a dedicated analytical environment
17. Continuously improve and maintain group-wide validation methodology and validation architecture
18. Conducting independent model validation and tracking the validation process
19. Ensuring internal communication and cooperation for successful validation
Your Background
20. Minimum 5 years of experience in the validation or development of statistical models in a large corporation, preferably in credit risk models area
21. Master’s degree or equivalent in natural or economic sciences with focus on mathematics, statistics, econometrics, or finance
22. Substantial knowledge of relevant regulations and industry best-practices in credit risk development and validation
23. Strong knowledge transfer skills and the ability to communicate complex topics in an understandable manner
24. Excellent programming abilities with languages such as Python, R, or SAS at an advanced level
Our Offer
25. If you describe yourself as a change agent who loves to solve problems together with us, this might be the right spot for you!
26. Be an integral part of a successful high-performance team that is working on exciting and challenging tasks in an international environment
27. Discover and enjoy the of Erste Group
28. The minimum wage for this full-time position in accordance with the collective agreement with complete fulfillment of the functional profile is EUR 48.323,15 gross per year. But this is just a formality - we would be happy to talk about your actual salary in person!
29. We offer our employees the opportunity to divide their hours between working from home and at the office.
30. We consider the diversity of our employees as key to innovation and success. As employer we are proud to offer everyone equal chances, irrespective of age, skin colour, religious belief, gender, sexual orientation or origin.