Senior Model Validation Specialist (Credit Risk) - Model Validation Team

Commerzbank is a leading international commercial bank with branches and offices in almost 50 countries.

The world is changing, becoming digital, and so are we. We are leaving the traditional bank behind us and are choosing to move forward as a digital enterprise. This is exactly why we need talented people who will join us on this journey.

Join our team as a Senior Model Validation Specialist!

Description of the cluster:

Model Validation I department – a part of GRM-VAL division consisting of teams located in Frankfurt headquarters of Commerzbank and in Poland – is responsible for validation of models in the following areas: credit (PD, LGD, EAD, IFRS 9, CVaR, stress) and operational risk. A successful candidate will have an opportunity to work with a broad spectrum of sophisticated risk models developed at one of Europe’s largest banks.

What you will be doing?

• Independently performing complete validations according to the validation concept and supervising junior validators.
• Preparation of validation and management reports,
• Presentation of validation results to the Validation Committee,
• Presentation of validation approach and results to internal and external auditors,
• Contribution to further development of risk model validation methods and approaches with regard to content as well as for implementation of new regulatory required standards, corresponding adjustments to validation concepts,
• Contribution to consultation of new regulatory requirements.