Working Student Credit Risk Modelling

**Allgemeine Informationen**:

- Job Id
- 53775
- Unternehmen
- HypoVereinsbank - UniCredit Bank GmbH
- Competence Line
- Risk Management
- Funktionsbereich
- Risk Management
- Standort
- München
- Land
- Deutschland
- Kontakt
- Besetzungsdatum
- Immediately
- Einsatzdauer
- 6-12 months
- Jobniveau
- Werkstudent:innen/ Praktikant:innen/ Rechtsreferendar:innen/ Volontär:innen
- Vertragsart
- Befristet
- Arbeitszeitmodell
- Teilzeit

Our Credit Risk Modelling division plays a key role in shaping the bank’s risk landscape. We are responsible for designing rating processes and developing internal rating systems that accurately estimate the probability of default, exposure at default, and loss given default, in full compliance with ECB regulations. Additionally, we oversee the modelling of Generalized Loan Loss Provisions in accordance with the IFRS 9 accounting standard, as well as models outside the scope of Basel Pillar 1. We operate in a dynamic, international environment where attention to detail is essential. Our team values precision, collaboration, and innovation in tackling complex risk challenges.

**What you'll be doing**:

- Actively contribute to current **model development projects**by supporting senior colleagues, conducting **statistical analyses independently**, and assisting with the evaluation and interpretation of results.
- Participate in the **re-parameterization of existing models** and ensure high-quality documentation using LaTeX.
- **Automate**recurring **tasks**such as **data extraction**, reporting and monitoring processes.

**What you'll need to succeed**:

- Ongoing studies in **Data Science**, **Statistics**, **Information Technology**, **Economics**, or **Finance**with a strong quantitative focus, ideally with a specialization in banking or insurance.
- **Prior work experience**in the banking or insurance sector is a plus.
- Solid foundation in **statistics**, mathematics, particularly in numeracy, optimization, and stochastic processes.
- Strong **affinity for numbers**, analytical thinking, and quick comprehension of complex topics.
- **Programming skills**are required (e.g. Python, R); the specific language is not critical, but the ability to code is essential.
- Prior knowledge of **SQL**and **SAS**and familiarity with LaTeX for technical documentation are a plus.
- Excellent command of written and spoken **English**.
- Strong **teamwork and communication skills**.
- Ability to work **independently**, with a **solution-oriented** and **structured**approach

**What you'll get in return**:
**#HandsOnExperience** - Exciting projects in the sector of rating procedures with a direct impact for the bank.

**#UnlockYourPotential** - With us, you are guaranteed a steep learning curve. In your multifaceted internship, you can supplement your theoretical knowledge from your studies with practical insights and thus find out where your passion lies.

**#EnjoyNetworking** - From day one, you will be part of a vibrant community and a great team that supports each other. In addition to your day-to-day job, numerous events await you where you can make contacts in all areas and divisions of the bank.

**#BalanceYourLife** - Digitization and flexibility shape our modern working world. Design your working life with flexitime the way it suits you best: Whether in the office or remotely.

**#BeAppreciated**- You are part of the team from the very beginning and worth every single cent to us. That is why we reward your commitment and impact with €2,200 gross per month for voluntary and mandatory internships.

**#EnjoyMunich** - Work in Germany's most beautiful city: Mountains and lakes on your doorstep, plenty of cultural offerings and, of course, Weißwürste, Oktoberfest, and football. Our headquarter also offers you the best career and development opportunities.

**#ThinkEuropean** - We are not only one of the largest financial institutions in Germany, but as part of UniCredit we are also internationally active and successful. With us, you can expect a pan-European company with regional ties as well as stimulating career opportunities in the world's most exciting cities.

**About UniCredit Group**:

- Die UniCredit ist eine paneuropäische Geschäftsbank mit einem einzigartigen Produkt
- und Service-Angebot in Italien, Deutschland sowie Zentral
- und Osteuropa. Unser Ziel ist, die Gesellschaft dabei zu unterstützen sich weiterzuentwickeln, indem wir allen Beteiligten das Beste bieten und so ein besseres Morgen für unsere Kund:innen und unsere Mitarbeiter:innen in ganz Europa schaffen. Wir betreuen mehr als 15 Millionen Kund:innen weltweit. Sie sind das Herzstück unserer Arbeit in unseren Märkten. Die Digitalisierung und unser Bekenntnis zu den ESG-Grundsätzen sind wesentliche Voraussetzungen für unsere Dienstleistungen. Sie unterstützen uns dabei, unsere Stakeholder hervorragend zu begleiten und eine nachhaltige Zukunft für unsere Kund:innen, die Gesellschaft und unsere Mitarbeiter:innen zu gestalten