Risk Model Validation Specialist

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QA & TestingValidation Specialist

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📢 Join our team as a Specialist in Risk Model Validation!

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QA & TestingValidation Specialist

📢 Join our team as a Specialist in Risk Model Validation! 📢

Do you have experience with mathematical or statistical models and an interest in financial risk management? Would you like to further develop your quantitative skills while working with sophisticated risk models used by one of Europe’s largest banks? If so, join our Risk Model Validation team!

As a Specialist in Risk Model Validation, you will take part in the independent validation of models related to market and counterparty credit risk. You will combine quantitative analysis, programming and financial knowledge while working alongside experienced risk experts in an international environment. This is a great opportunity to deepen your expertise in risk modelling and learn more about complex models and financial products used in banking.

• Performing quantitative risk model validation tasks
• Analyzing model assumptions, methodology, performance and results
• Supporting the development of challenger models used to independently assess existing risk models
• Preparing high-quality validation documentation and management reports
• Supporting the preparation and presentation of validation results
• Developing and maintaining analytical tools and solutions in R, Python and SQL supporting the validation process.

The Risk Model Validation division is part of the GRM-ERM executive area and consists of teams located in Commerzbank’s Frankfurt headquarters as well as in Poland, including Łódź and Wrocław.

The division is responsible for the independent validation of a broad spectrum of sophisticated risk models covering areas such as credit risk, operational risk, market risk, instrument pricing, liquidity risk and counterparty risk. This includes models related to PD, LGD, EAD, IFRS 9, CVaR and stress testing.

Within the Market, Counterparty & Liquidity Risk Models area, you will have the opportunity to develop your quantitative expertise by working with complex models used to measure and manage market and counterparty credit risks. The role combines financial risk, quantitative modelling, data analysis and programming in an international banking environment.

What We Offer

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