Model Development Expert for Quantitative Risk Management

7 days ago


Łódź, Łódź Voivodeship, Czech Republic CommerzBank Full time

**Company Overview:** Commerzbank is a leading international commercial bank with a global presence, operating in almost 50 countries. As we continue to evolve into a digital enterprise, we are seeking talented individuals to join our team.

**Job Description:** We are looking for an experienced Model Development Expert to join our Risk Models & Calculations cluster. This team is responsible for developing, rolling out, and maintaining group-wide models for credit risk, operational risk, capital requirements, and stress-testing. The successful candidate will be part of the model development process, ensuring compliance with regulatory and accounting standards, including Basel/IFRS9 and EBA GL.

**Key Responsibilities:**

  • Development and maintenance of AIRB/IFRS9 credit risk models (PD, LGD, CCF) for multiple portfolios or operational risk and climate risk models
  • Group-wide methodological responsibility for quantitative credit risk or operational and climate 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
  • Comprehensive uniform calibration on Basel compliant definition of default

**Requirements:**

  • Proficiency in Java, R, Python, SAS, and SQL programming languages
  • Strong analytical skills and attention to detail
  • Degree in mathematics, physics, econometrics, or related fields
  • Excellent mathematical-statistical skills, including knowledge of multivariate statistical methods and stochastic processes
  • Experience in data modelling software and coding
  • English language proficiency at C1 level

**Tools and Technologies:** Confluence, GitHub, SharePoint, GIT, Agile, Scrum, and other industry-standard tools.

**Benefits:**

  • Competitive salary and benefits package
  • Sport subscription and training budget
  • Private healthcare and lunch card
  • International projects and opportunities for career growth
  • E-learning platform and free coffee
  • Bike parking and shower facilities
  • Modern office environment with no dress code


  • Łódź, Łódź Voivodeship, Czech Republic CommerzBank Full time

    About CommerzBankCommerzbank is a leading international commercial bank with a presence in almost 50 countries. As a digital enterprise, we are committed to innovation and technological advancements.Risk Models & Calculations Cluster OverviewThe Risk Models & Calculations cluster plays a critical role in developing, rolling out, and maintaining group-wide...


  • Łódź, Łódź Voivodeship, Czech Republic CommerzBank Full time

    Which technology & skills are important for us? Master degree with very good grades in mathematics, physics, econometrics or related fieldsVery good mathematical-statistical skills as well as knowledge of the mathematical-statistical basis of model development (multivariate statistical methods, stochastic processes, etc.)Sound knowledge of data modelling...


  • Łódź, Łódź Voivodeship, Czech Republic CommerzBank Full time

    Which technology & skills are important for us? Bachelor degree or being at last years of master studies in statistics, econometrics, mathematics, or related fieldInterest in banking and economics, statistics, IT or related fieldGood acquaintance of MS Office tools – Excel and WordHave very good knowledge of R/PythonGood analytic thinking with...


  • Łódź, Łódź Voivodeship, Czech Republic CommerzBank Full time

    Commerzbank, a leading international commercial bank, is transforming into a digital enterprise. To support this journey, we are seeking an expert web developer to join our Risk Models & Calculations cluster.Company OverviewWe deliver internal and external APIs for credit rating, base-services for Commerzbank credit business, risk presentation for credit...


  • Łódź, Łódź Voivodeship, Czech Republic CommerzBank Full time

    Which technology & skills are important for us? Master's degree with very good grades in economics, econometrics, mathematics, or related fieldsVery good SQL skills with experience in analysis of huge data setsStrong analytical skills, proactive approach and interest in banking regulations (CRR, EBA GLs etc.)English C1 level – it is our business...


  • Łódź, Łódź Voivodeship, Czech Republic CommerzBank Full time

    About UsCommerzbank is a leading international commercial bank with a presence in almost 50 countries. We are leaving the traditional banking sector behind and embracing a digital transformation. This journey requires talented individuals who can help us navigate this exciting change.Job DescriptionWe are seeking an exceptional Data Science Intern to join...


  • Łódź, Łódź Voivodeship, Czech Republic CommerzBank Full time

    Which technology & skills are important for us? Basic knowledge of PythonBasic knowledge of Machine Learning algorithmsBasic knowledge of MS SQL "Practice in Lodz – summer internships is a project organized as part of the "Youth in Lodz" program, whose aim is to enable students and graduates of Lodz universities to gain professional experience. The...


  • Łódź, Łódź Voivodeship, Czech Republic CommerzBank Full time

    Which technology & skills are important for us? Basic knowledge of JS based frontend: React.jsBasic knowledge of JavaScript, HTML5, CSSBasic knowledge of Java 8+, object-oriented analysis and design, Spring FrameworkSource code tool, (e.g.: GIT)Development of Web Services REST/SOAP/XML/WSDLEnglish B2 level – it is our business languageNice to...


  • Łódź, Łódź Voivodeship, Czech Republic Antal Full time

    About the Role:We are seeking a Strategic Procurement Expert to join our team, bringing expertise in procurement processes and e-sourcing tools. The successful candidate will have strong negotiation skills, experience in client management, and fluency in English and German.Key Responsibilities:Establish and maintain relationships with suppliers, negotiating...


  • Łódź, Łódź Voivodeship, Czech Republic Hitachi Energy Full time

    Personal Characteristics:Ability to interact with the CDSe team, management and users – team player attitude.Orientation to deliver results on time and quality.Quick adaptation to changes in priorities and assigned tasks.Flexibility in working hours – adjust your daily plan to enable collaboration with people from other time zones.Degree in...


  • Łódź, Łódź Voivodeship, Czech Republic CommerzBank Full time

    We are Commerzbank, a leading international commercial bank with branches and offices in almost 50 countries. Our goal is to build efficient credit and risk screening tools and processes for various industries and segments.Job DescriptionIn this role, you will be a member of our international Agile team responsible for an application dedicated to monitor and...


  • Łódź, Łódź Voivodeship, Czech Republic CommerzBank Full time

    CommerzBank is a leading international commercial bank with a global presence.We are leaving the traditional banking model behind and embracing digital transformation.As a Cloud Architecture Specialist, you will play a key role in conceptualizing, developing, and implementing our payment infrastructure architecture.You will work closely with our development...


  • Łódź, Łódź Voivodeship, Czech Republic Hitachi Energy Full time

    About the RoleWe are seeking a highly skilled Thermal Domain Expert to join our team at Hitachi Energy. As a key member of our team, you will play a critical role in driving innovation and improvement in our power grid solutions.Job DescriptionCollaborate with our GLOMUS-TFD team to drive development of thermal solutions in reference to CDSe platform...


  • Łódź, Łódź Voivodeship, Czech Republic CommerzBank Full time

    Which technology & skills are important for us? German language C1Good knowledge of Application Operation in Google Cloud systemsGood knowledge of SQL and LinuxHigh knowledge of CI/CD Join our team as a Application Manager with German About the project:Our primary stakeholder is DocAI+, one of the most critical projects at Commerzbank for driving...


  • Łódź, Łódź Voivodeship, Czech Republic CommerzBank Full time

    About CommerzbankCommerzbank is a leading international commercial bank with branches and offices in almost 50 countries. We are leaving the traditional banking sector behind and moving forward as a digital enterprise, which is why we need talented people to join us on this journey.Job DescriptionThe Technical Product Manager plays an essential role in...


  • Łódź, Łódź Voivodeship, Czech Republic CommerzBank Full time

    Which technology & skills are important for us? Basic knowledge JavaBasic knowledge of Cloud "Practice in Lodz – summer internships is a project organized as part of the "Youth in Lodz" program, whose aim is to enable students and graduates of Lodz universities to gain professional experience. The project can be attended by people up to 30 y.o. who...


  • Łódź, Łódź Voivodeship, Czech Republic CommerzBank Full time

    Good knowledge of Business analysisGood knowledge technical business workflow and data modelingPractical experience in transfer of business requirements into appropriate test scenarios and test casesUnderstanding of SOAP/REST interface specification  Join our team as a Business Analyst In your role as Business Analyst in Trade Finance you will be part of...


  • Łódź, Łódź Voivodeship, Czech Republic CommerzBank Full time

    Which technology & skills are important for us? Basic knowledge of JavaBasic knowledge of JavaScript / TypeScriptBasic knowledge of PostgresNice to have:Basic knowledge of JiraBasic knowledge of Openshift / KubernetesBasic knowledge of Scrum / Agile methodologies "Practice in Lodz – summer internships is a project organized as part of the "Youth in...


  • Łódź, Łódź Voivodeship, Czech Republic Antal Full time

    About the RoleWe are seeking a highly skilled Supply Chain Process Analyst to join our team. As a key member of our organization, you will be responsible for managing supply chain processes, including purchase requisition analysis, purchase order management, and quote creation.Key Responsibilities:Manage export control licenses, material sales, and material...


  • Łódź, Łódź Voivodeship, Czech Republic CommerzBank Full time

    Company Overview: Commerzbank is a leading international commercial bank with branches and offices in almost 50 countries.We are leaving the traditional bank behind us and choosing to move forward as a digital enterprise. This is exactly why we need talented people who will join us on this journey.Sector: Cluster Trade Finance delivers fast, client-focused...