Audit Specialist Credit Risk Models (all genders)

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Erste Bank Oesterreich is a leading domestic financial institution. As part of the international Erste Group, we are an attractive employer who offers interesting career opportunities.

The unit Audit Risk Models is responsible for performing audits in Erste Group Bank AG, its subsidiaries and Austrian legal entities part of the Erste Group with major focus on auditing credit, market and operational risk models, related processes as well as the adherence to specific laws and regulations. A second responsibility is the coordination of audit activities within Erste Group for the audit area of responsibility.

Your Tasks

• Perform reviews and assessments of the bank's credit risk models and methodologies (e.g. PD, LGD and CCF, internal and regulatory) and their validation as part of the Group audit team in Austria as well as in cooperation with colleagues in our subsidiaries
• Review the consideration of risk model results for pillar I (capital requirement) and in internal risk management processes and pillar II calculation (ICAAP)
• Accompany the regulatory model examination and approval process
• Support our audit units in CEE countries concerning credit risk models audit topics
• Develop or tailor audit programs based on common audit standards, carry out fieldwork, and prepare audit reports
• Use data analytics tools in audit exercises and draft and reconcile audit findings and recommendations

Your Background

• A university degree in Mathematics, Physics or Statistics as well as experience in audit, credit risk area of minimum 3 years - ideally, you already have an audit relevant certification (such as CIA, CFA etc.) or are in the process of obtaining certification
• Proficient knowledge in data analytics/data mining, preferably with experience in SAS/Python/R programming
• Knowledge of the banking regulatory framework and specific knowledge of market risk relevant regulations
• Willingness to learn and continuously expand your professional knowledge, with the ability to quickly understand and assess a diverse set of potential problems and formalize solution proposals.
• Strong communication and negotiation skills, client-oriented, with the ability to work both independently and in a team
• Willingness to travel and participate in audits performed in CEE countries, holding a driver’s license B, and having strong written and verbal communication skills in German and English (other CEE languages are an asset)

Our Offer

• You have the possibility to carry out the audits with a high degree of autonomy and responsibility
• We offer you the possibility for further education and to gain other audit related certifications
• Discover and enjoy further benefits of Erste Bank
• The minimum wage for this full-time position in accordance with the collective agreement with complete fulfillment of the functional profile is EUR 48.323 gross per year. But this is just a formality - we would be happy to talk about your actual salary in person!
• We consider the diversity of our employees as key to innovation and success. As employer we are proud to offer everyone equal chances, irrespective of age, skin colour, religious belief, gender, sexual orientation or origin.