Intern – Risk Management – Model Validation (f/m/d)

Field of activity

Model Validation provides independent effective challenge of models, applying financial theory and quantitative methods. We define validation guidelines, develop appropriate validation methods, employ validation instruments on a regular basis and perform ad hoc model reviews in light of a changing regulatory environment and market conditions.

Tasks/responsibilities

Support the Model Validation Unit to:

• Develop appropriate quantitative and qualitative validation methods including potential outcomes and their impact
• Participate in the initial validation of new and/or changed models
• Define and track Model Validation findings and work on potential recommendations to the model owner
• Maintain the model inventory of the different legal entities
• Assess the adequacy and robustness of risk models on a regular basis
• Deliver model validation analysis and reports in support of senior management & committee review and challenge of the risk position
• Prepare regulatory submissions

Qualifications/required skills

• You must be enrolled in an academic programme recognised by the state (Finance / Economics / Mathematics preferred) and must have completed at least the first 2 years of your university studies OR you have graduated for less than 2 years
• Interest in financial markets, financial products, as well as the regulatory landscape
• Knowledge of statistical and econometric methods and their application
• Analytical skills, as well as results orientation and efficient team player with good communication skills
• Very competent handling of MS office, experience with programming languages (e.g. Python)
• Commitment, a high degree of organizational self-reliance, motivation and accuracy
• Proficiency in written and spoken English. German would be an advantage