Job-ID: 92376_EN
Our Credit Risk Modelling division plays a key role in shaping the bank’s risk landscape. We are responsible for designing rating processes and developing internal rating systems that accurately estimate the probability of default, exposure at default, and loss given default, in full compliance with ECB regulations. Additionally, we oversee the modelling of Generalized Loan Loss Provisions in accordance with the IFRS 9 accounting standard, as well as models outside the scope of Basel Pillar 1. We operate in a dynamic, international environment where attention to detail is essential. Our team values precision, collaboration, and innovation in tackling complex risk challenges.
What you can expect from us
Actively contribute to current model development projects by supporting senior colleagues, conducting statistical analyses independently, and assisting with the evaluation and interpretation of results. Participate in the re-parameterization of existing models and ensure documentation using i.a. LaTeX. Automate recurring tasks such as data extraction, reporting and monitoring processes.
What we expect from you
- Ongoing studies in Data Science, Statistics, Information Technology, Economics, or Finance with a strong quantitative focus, ideally with a specialization in banking or insurance.
- Prior work experience in the banking or insurance sector is a plus.
- Solid foundation in statistics, mathematics, particularly in numeracy, optimization, and stochastic processes.
- Strong affinity for numbers, analytical thinking, and quick comprehension of complex topics.
- Programming skills are required (e.g. Python, R); the specific language is not critical, but the ability to code is essential.
- Prior knowledge of SQL and SAS and familiarity with LaTeX for technical documentation are a plus.
- Excellent command of written and spoken English.
- Strong teamwork and communication skills. Ability to work independently, with a solution-oriented and structured approach.
Our offer to you
- #UnleashYourPotential - With us, you are guaranteed a steep learning curve. In your multifaceted internship, you can supplement your theoretical knowledge from your studies with practical insights and thus find out where your passion lies. * #EnjoyNetworking - From day one, you will be part of a vibrant community and a great team that supports each other. In addition to your day-to-day job, numerous events await you where you can make contacts in all areas and divisions of the bank. * #BalanceYourLife - Digitization and flexibility shape our modern working world. Design your working life with flexitime the way it suits you best: Whether in the office or remotely. * #MakeInnovationHappen - FinTechs, Big Data, Bitcoins: Banking is evolving rapidly. Actively shape the digital transformation of one of the most change-driven industries by contributing your fresh perspective and innovative ideas. * - We don't just accomplish our work, but experience and shape it together. As a real team, we communicate at eye level #CallMeByMyFirstName, value every opinion and are convinced that success is based on people empowerment. * #EmpowerCommunitiesToProgress - We are committed to sustainable and social values: Social Impact Banking and Sustainable Finance are part of our DNA. Because for us, creating value means more than just creating financial value. * #ComeAsYouAre - We actively promote fairness and inclusion and create equal opportunities for all colleagues. By signing the "Charta der Vielfalt" and the Valuable 500, we clearly commit to diversity and inclusion. Our employee networks foster open exchange, because we firmly believe diversity is a key success factor. The individual strengths and experiences of our colleagues are our most valuable asset - and our competitive advantage. During your internship, you will receive a monthly compensation of EUR 2,400 gross based on full-time employment, which meets at least the applicable statutory minimum wage. This applies regardless of whether the internship is mandatory or voluntary.
HypoVereinsbank is part of UniCredit, a pan-European leading commercial bank providing best-in-class solutions and services across Italy, Germany, Austria, and Central and Eastern Europe. Our Vision is to be the Bank for Europe's Future. Our Purpose is to Empower Communities to Progress, delivering the best-in-class products and services for all stakeholders, unleashing the potential of our people and our clients across Europe. Our shared Culture unites our people across all countries, empowering teamwork, driven execution and ambition through Ownership, Integrity and Caring.
Join our team and take an active part in shaping the Bank for Europe's future!