Business Expert – Risk Analytics (m/f/d)

Commerzbank is a leading international commercial bank with branches and offices in almost 50 countries. The Risk Models & Calculations cluster is responsible for development, roll-out, and maintenance of group-wide models for credit risk, operational risk, capital requirements, and stress-testing, as well as implementation of models in calculation kernels and specification of rating tools.

• Master degree in economics, finance, econometrics, mathematics, or related field
• Understanding of credit risk management and banking regulations (CRR3, IFRS9, EBA GL)
• Very good knowledge of SQL with experience in analysis of huge data sets
• English language proficiency at C1 level
• Professional experience in banking (risk or audit department)
• Experience with R and Python
• Experience with Agile and Scrum methodologies

• Development, roll-out and maintenance of group-wide models for credit risk, operational risk, capital requirements and stress-testing
• Implementation of models in calculation kernels (e.g. rating models, RWA-calculation, C-VaR, LGD-Service, OpRisk and Stress)
• Specification and implementation of rating tools and other central risk applications
• Calculation of economic capital requirements (e.g. Credit Portfolio Model, AMA for OpRisk, business- and physical asset risk)
• Basis calculation for risk provisions (especially IFRS9 Stage Assignment and Lifetime-EL)
• IT solutions for recording, management and calculation of operational risk and internal control system management
• Ensuring operational stability of IT applications and optimization of IT platform
• Tailor-made risk analysis including scenarios, impact analysis, and ad-hoc requests
• Main contact for regulators, chartered accountants and internal auditors concerning model development and implementation
• Implementation of regulatory and strategic initiatives such as AIRB rating models, acceleration of rating calculation, digital credit journey enablement, and credit process streamlining
• Calculating, analyzing and reporting risk figures for regulatory, economic and accounting purposes (RWA, EL, IFRS9)
• Performing impact analyses on RWA (both IRB and STA methods) and loan loss provisions
• Implementing new requirements from business departments and regulators regarding risk figures calculation and reporting (e.g. CRR3, EBA GL, IFRS9)
• Involvement in reporting chain as interface to finance department
• Ensuring data quality of inputs and outputs regarding risk figures calculation

1. Consent to processing of personal data by Commerzbank Aktiengesellschaft for recruitment purposes in accordance with EU GDPR and Polish data protection law.
2. Acknowledgment of information clause regarding data processing, access, correction, and deletion rights.