Risk Specialist in ICAAP (all genders)
Erste Group
- Wien
- Unbefristet
- Vollzeit
- Taking charge of maintaining and fortifying the Pillar 2 risk-bearing capacity calculation (RCC) framework for the Group, Holding, and EBOe and being competence center for Austrian savings bank sector
- Creating advanced methodologies for RCC in alignment with Pillar 2 regulations, emphasizing an economic approach to risk quantification and internal capital computation
- Utilizing advanced credit risk models and methodologies for assessing and managing credit-related risks, including concentration risks and migration risk
- Developing and utilizing methodologies for risk assessments (beyond credit risk) based on scenario and sensitivities analysis
- Exhibiting the ability to interpret and analyze results, translating complex outputs into actionable insights for enhancing risk management strategies
- Playing a pivotal role in economic capital planning
- Overseeing the consistent application of RCC standards, methodologies, models, systems, and processes across the entire group, ensuring uniformity and compliance
- Taking the lead in coordinating and performing quarterly RCC processes, ensuring timely and accurate assessments of risk-bearing capacity
- University degree in Quantitative Finance, Mathematics, Economics or a related area
- Strong quantitative and analytical mind, coupled with the ability to interpret from an economic perspective the output of risk models
- Proficiency in programming languages for advanced data analytics and modeling (such as Python, R, SAS)
- Previous experience in ICAAP or risk management and knowledge of the relevant regulations
- Practical knowledge in integrating risk models into risk steering is of advantage
- Proven track record of effectively utilizing advanced credit risk models and methodologies for assessing and managing credit-related risks, including concentration risks and migration risk would be considered as a plus
- Hands-on experience in leveraging models/methodologies for risks quantifications, incl. scenario and sensitivities analysis would be advantageous
- Excellent communication and presentation skills to articulate complex risk concepts clearly and concisely
- Excellent German (first language is a plus) and English skills in written and verbal communication
- An exciting and challenging responsibility area with significant individual responsibility
- The possibility to work in an international and highly motivated team
- Commitment to support you in your professional and personal development