Model Developer

Model Developer

Łódź, Polska

Commerzbank is a leading international commercial bank with branches and offices in almost 50 countries.

The world is changing, becoming digital, and so are we. 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.

Join our team as a Model Developer!

Look, this is part of our benefits!

Ogrodowa Office, Wersalska Office
Remote work possible
Flexible working hours
Language courses
Referral Program
Extra holiday
NO dresscode
SODEXO, Lunch Pass
Skills @Work development program
E-learning platforms: O'Reilly, libraries, tutorials
Medical care package, Multisport Card

Together with your team You will be doing

Development and maintenance of AIRB/IFRS9 credit risk models (LGD, CCF) for multiple portfolios
Group-wide methodological responsibility for quantitative credit risk forecasting models
Forward-looking construction of a cross-functional methodology architecture
Estimation and optimization of separation power, quality of quantification and stability of forecasts and comprehensive uniform calibration on Basel compliant definition of default
Ensuring compliance with regulatory/accounting standard requirements (Basel / IFRS9 etc.)
Programming of prototypes for impact and scenario analysis in different programming languages (R, Python, SAS, SQL)
Data preparation, statistical and empirical investigations, handling of very large amounts of data, their aggregation and evaluation
Preparation of technical specifications, presentations and documentation of quantitative credit risk forecasting models
Internal and external communication, including auditors, regulators, external partners and rating agencies

Which technology & skills are important for us?

Minimum bachelor degree with very good grades in mathematics, physics, econometrics or economics
Very good mathematical-statistical skills (multivariate statistical methods, stochastic processes, etc.)
Basic knowledge mathematical/statistical software packages (R/Python, SQL/SAS).
English B2 level (mandatory)

Nice to have:

First professional experience e.g. during internships
Do not worry, if you do not have experience in some of the points - we will provide trainings for you! 😉

Please add the following disclaimer to your application:

1. I consent to the processing of personal data contained in this document by Commerzbank Aktiengesellschaft with its registered office in Kaiserstrasse 16, 60311 Frankfurt am Main, Germany, operating through the Branch in Poland with its registered office in Łódź, 91-203 Łódź, ul. Wersalska 6, KRS 0000631053, for the implementation of the current recruitment process and for the future recruitment for a period of 6 months, in accordance with the Regulation of the European Parliament and of the Council (EU) 2016/679 of 27 April 2016 on the protection of individuals with regard to the processing of personal data the free flow of such data and the repeal of Directive 95/46 / EC (RODO) and in accordance with the Act of 10 May 2018 on the protection of personal data (Journal of Laws of 2018, item 1000). I provided my personal data voluntarily and I declare that they are truthful. I have the right to withdraw this consent at any time. The withdrawal of consent shall not affect the lawfulness of processing based on consent before its withdrawal.

2. I have read the content of the information clause, including information about the purpose and methods of processing personal data and the right to access my personal data and about the right to correct, rectify and delete it