Data Scientist for Risk Models and Calculations

Commerzbank is a leading international commercial bank with global presence. We are embarking on a digital transformation journey, and we need talented individuals to join us.

We are seeking an experienced Data Scientist to join our Risk Models and Calculations cluster. As a key member of our team, you will be responsible for developing, maintaining, and implementing group-wide models for credit risk, operational risk, capital requirements, and stress-testing.

The successful candidate will have a strong background in data modelling software and coding (Python, R, or SAS), with experience in analysis of large datasets. They will also possess sound knowledge of statistical methods, including multivariate statistical methods and stochastic processes.

You will work closely with our development teams to implement models in calculation kernels and specification and implementation of rating tools. Your expertise will also be required for calculation of economic capital requirements and basis calculation for risk provisions.

• Develop and maintain group-wide models for credit risk, operational risk, capital requirements, and stress-testing
• Implement models in calculation kernels and specify and implement rating tools
• Calculate economic capital requirements and basis calculation for risk provisions
• Work with development teams to ensure smooth implementation of models
• Collaborate with stakeholders to understand business needs and develop solutions

• Bachelor's or Master's degree in Mathematics, Physics, Econometrics, or related fields
• Strong analytical skills and attention to detail
• Proficiency in Python, R, or SAS programming languages
• Experience in analysis of large datasets and statistical methods
• English language proficiency at C1 level

• International projects and opportunities for career growth
• Competitive salary and benefits package
• Training budget and opportunities for professional development
• Modern office space with amenities such as bike parking and shower facilities

Commerzbank is a leading international commercial bank with branches and offices in almost 50 countries. We are committed to innovation and excellence in all aspects of our business, and we believe that our employees are our greatest asset.