Oferta pracy

Chapter Lead - Risk Models

Commerzbank AG

  • offer expired 4 days ago
  • contract of employment
  • full-time
  • specialist (Mid / Regular)
  • home office work, hybrid work
  • remote recruitment

Commerzbank AG

Wersalska 6



Your responsibilities

  • Ensuring quality of the work and deliverables

  • Support Product Owners

  • Key contact person for the chapter towards regulator: chartered accountant, ECB internal audit and validation function

  • Building “the team”, including recruitment of the new team members

  • Line management of direct reports

  • Ensuring stability and taking care of good atmosphere in the team

  • Development of direct reports, especially young talents (e.g. creation of talent development plans)

  • Ensuring that professional and methodological training is provided in own area of responsibility, creating conditions for knowledge transfer, potentially willing to take on training projects, speaker functions and mentorships

  • Cooperate in cross-chapter & cross-cluster management

  • Ensuring workplace health and safety

Our requirements

  • Master degree with very good grades in mathematics, physics, econometrics or economics

  • Very good mathematical-statistical skills as well as knowledge of the mathematical-statistical basis of model development (multivariate statistical methods, stochastic processes, etc.)

  • Professional experience in financial industry, preferably within risk management/risk controlling

  • Experience in managing teams or projects

  • Good knowledge of mathematical/statistical software packages (SAS, R, Matlab)

  • English C1 level – it is our business language

What we offer

  • Friendly and multicultural environment

  • 26 days of holiday from the very beginning

  • Benefits

  • private medical care

  • sharing the costs of foreign language classes

  • sharing the costs of professional training & courses

  • life insurance

  • remote work opportunities

  • flexible working time

  • integration events

  • corporate sports team

  • retirement pension plan

  • preferential loans

  • no dress code

  • video games at work

  • coffee / tea

  • leisure zone

  • pre-paid cards

  • redeployment package

  • employee referral program

  • extra leave

  • Multisport

  • Employee Assistance Program (psychological support)

  • E-learning platform: O'Reilly, library, tutorials

Description of the cluster:

  • Cluster Risk Models & Calculations is responsible for:

  • 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.

Our goal is to build “the team” responsible for the following tasks:

  • Maintenance & development of the risk applications (e.g. credit rating applications, operational risk tool, loss data collection data base)

  • Working closely with software developers and application users

  • Conduct technical, business and data quality analyses

  • Leading meetings with stakeholders

  • Analyzing risk management and regulatory requirements and implementing adjustments into the tool and processes

  • Solving problems (both business & model related, support technical fixes)

  • Managing documentation of business requirements, application guidelines and design goals

  • Working on processes improvements using agile methodologies

Commerzbank AG

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.

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