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Internship Model Validation Scientist (all genders)
Location:
Vienna
Working-Hours:
Part-time
Occupation Area:
Risk management, Others
Company:
Erste Group Bank AG
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 throughout Erste Group, with a specific focus on credit (i.e., IRB, IFRS 9, Pillar 2) and operational risk (i.e., AMA) use areas. The purpose of the Model Validation unit is to critically and independently challenge models used for regulatory and internal purposes.
Your Tasks
- Insight into the activities of Credit Risk Models & Methods area with focus on quantitative methods (i.e., credit risk validation and modelling, ML/AI)
- Assisting in the creation of validation reports on Credit Risk Models & Methods
- Participation in conducting quantitative and qualitative validation tests including their interpretation
Your Background
- Ongoing studies at University/University of Applied Sciences with a background in Financial Mathematic, Quantitative Finance, Statistics, Physics, AI/ML etc.
- Interest in Credit Risk Management, AI/ML and confidence with programming languages (e.g., SAS, R, Python)
- High level of commitment and flexibility as well as enjoy working in a team
- Good knowledge of English (working proficient)
Our Offer
- Exciting and challenging part-time internship (19.25h/week) as of January 2025 until December 2025
- Support of your professional and personal development in a dynamic, comprehensive and interesting area
- We guarantee an internship allowance of minimum EUR 2.821,46 gross per month on a full-time basis (except obligatory internships) and benefits of Erste Group
- 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.