My Clients who are a Large International Bank in Vienna, are currently going through a Large period of growth. The Credit risk team manages regulatory model development, validation and monitoring of all credit risk models and parameters of the Bank & its subsidiaries. Within this team you would have responsibility for all credit risk models (rating models, risk parameters), model development, all the regular validations, the initial validations in case of new models and / or model changes and model monitoring.
As Credit Risk Models Manager, you will:
*Development of the models for estimation of credit risk parameters & Organize initial validation of all changed models in credit risk (rating methods and risk parameters).
*Cooperate closely with other units of the Division related to model implementation, participation in definition of check points for process quality.
*Provide support for the team on all model relevant elements - sample definition a consistency insurance, time horizon definition, choice of modeling methodology etc.
*Ensure and monitor regular model performance (back testing, validation, fine tunning, etc.).
*Develop the models for estimation of credit risk parameters
Ideally you will have:
*A University degree in Finance, Economics or Mathematics, computing, programming, statistics or similar field.
*Detailed knowledge of Basel II including its legal aspects and experience in internal processes like rating and lending in the banking sector.
*Deep knowledge of functionalities and employment of credit process tools.
*Strong experience with risk management application forms and tools.
*At least 2 years of previous experience on similar activities, preferably in financial industry.