Location:WienWorking hours:Part-timeOccupational Area:Legal / Compliance / Audit, Risikomanagement, SonstigeCompany:Erste Group Bank AGHealth CenterSuccess through diversityGood transport connectionFinancial servicesSports and leisureErste 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.The Model Validation unit is responsible for establishing validation methodologies and standards for AI/ML models used across Erste Group, with a specific focus on credit risk (i.e., IRB, IFRS 9, Pillar 2) and operational risk (i.e., AMA).Its purpose is to critically and independently challenge models used for both regulatory and internal purposes.Your TasksGain insight into the activities of the Credit Risk Models & Methods unit, with a focus on quantitative approaches such as credit risk validation, modelling, and ML/AISupport the preparation of validation reports for credit risk models and methodologiesParticipate in conducting quantitative and qualitative validation tests, including interpreting the resultsYour BackgroundOngoing studies at a University/University of Applied Sciences with a background in Financial Mathematics, Quantitative Finance, Statistics, Physics, or AI/MLStrong interest in Credit Risk Management and AI/MLConfident in using programming languages such as SAS, R, or PythonHigh level of commitment and flexibilityTeam-oriented and enjoy collaborative workGood command of English (working proficiency)Our OfferExciting and challenging part-time internship (19.25h/week) as of January 2026 until December 2026Support of your professional and personal development in a dynamic, comprehensive and interesting areaWe guarantee an internship allowance of minimum EUR 2.660,50 gross per month on a full-time basis (except obligatory internships) and benefits of Erste GroupWe 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.ContactLisa Novotny