Internship Model Validation Scientist (all genders)
1. Location: Wien
2. Working hours: Part-time
3. Occupational Area: Legal / Compliance / Audit, Risikomanagement, Sonstige
4. Company: Erste Group Bank AG
5. Health Center
6. Success through diversity
7. Good transport connection
8. Financial services
9. Sports and leisure
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.
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 Tasks
10. Gain 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/AI
11. Support the preparation of validation reports for credit risk models and methodologies
12. Participate in conducting quantitative and qualitative validation tests, including interpreting the results
Your Background
13. Ongoing studies at a University/University of Applied Sciences with a background in Financial Mathematics, Quantitative Finance, Statistics, Physics, or AI/ML
14. Strong interest in Credit Risk Management and AI/ML
15. Confident in using programming languages such as SAS, R, or Python
16. High level of commitment and flexibility
17. Team-oriented and enjoy collaborative work
18. Good command of English (working proficiency)
Our Offer
19. Exciting and challenging part-time internship (19.25h/week) as of January 2026 until December 2026
20. Support of your professional and personal development in a dynamic, comprehensive and interesting area
21. We guarantee an internship allowance of minimum EUR 2.660,50 gross per month on a full-time basis (except obligatory internships) and of Erste Group
22. 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.