• Expertini Resume Scoring: Our Semantic Matching Algorithm evaluates your CV/Résumé before you apply for this job role.
Poland Jobs Expertini

LGD Model Developer Job Opening In Łódź – Now Hiring Commerzbank AG Poland


Job description

Join our team as a LGD Model Developer!


What you will be doing? 

  • Development and maintenance of AIRB/IFRS9 LGD and CCF models for multiple portfolios 

  • Group-wide methodological responsibility for quantitative credit risk models 

  • Forward-looking construction of a cross-functional methodology architecture

  • Ensuring compliance with regulatory/accounting standard requirements (Basel / IFRS9 etc.) and EBA GL

  • Programming of prototypes for impact and scenario analysis in different programming languages (R/Python, SQL)

  • Data preparation, statistical and empirical investigations, handling of very large amounts of data, their aggregation and evaluation

  • Preparation of technical specifications, presentations and documentation of quantitative credit risk forecasting models

  • Internal and external communication, including auditors, regulators, external partners and rating agencies
  • Which technology & skills are important for us?

  • Master degree with very good grades in mathematics, physics, econometrics or related fields 

  • Very good mathematical-statistical skills as well as knowledge of the mathematical-statistical basis of model development (multivariate statistical methods, stochastic processes, etc.) 

  • Minimum 3 years of professional experience in banking, preferably within risk modelling or validation 

  • Very good knowledge of data modelling software and coding (R/Python, SQL) with experience in analysis of huge data sets 

  • Knowledge of regulations from credit risk models area (CRR, EBA GL, IFRS9) 

  • English C1 level 
  • How?


    Remotely or hybrid on Wersalska 6 street (Łódź)

    Below you can find more information about Commerzbank and the cluster:


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

    The world is changing, becoming digital, and so we are.

    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.

    We work in inter-locational and international teamwork in agile methodologies.


    Description of the cluster:


    Cluster Risk Models & Calculations is responsible for:

  • Development, roll-out and maintenance of group-wide models for credit risk, operational risk, capital requirements and stress-testing (incl.

    tight monitoring of model performance).

    We are model owner and 1st line of defence for model risk.

  • 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 as well as other central risk applications – used mainly by own Front-Ends in the credit process or in online applications.

  • Calculation of the economic capital requirements (e.g. Credit Portfolio Model, AMA for OpRisk, business- and physical asset risk - incl.

    stressed conditions).

  • Basis calculation for risk provisions (especially IFRS9 Stage Assignment and Lifetime-EL) and centre of competency for Asset Backed Securities

  • IT-solutions for recording, management and calculation of the operational risk, tools for and management of the internal control system.

  • Operational stability of the IT-Applications (e.g. wrt incidents or delays) but also optimization of IT-platform as well as minimization of manual processes.

  • Tailor-made risk analysis (e.g. scenarios, impact analysis, Ad-Hoc requests) in particular for the management of the current COVID-19 crisis.

    Professional response on customer requests.

  • Main contact for regulators, chartered accountant and internal auditors concerning model development and implementation.

  • Implementation of important regulatory and strategic initiatives: e.g. implementation and fulfillment of new regulatory requirements for AIRB rating models, acceleration of rating calculation, enablement of digital credit journey, improvement of credit decision and streamlining of credit processes.
  • What we offer?

  • Medical care packages in Enel-med,

  • Additional Generali insurance,

  • Multisport Plus Card,

  • Sodexo Lunch Pass card,

  • Co-financing of glasses or contact lenses,

  • PPE- Employee pension scheme, in which the employer's contribution is 4.5% of the monthly salary,

  • Special offer at mBank for Commerzbank employees,

  • Special offers within mBank group (including free access to Legimi ebooks, special offer in Orange, discounts in chosen car salons),

  • Access to the Speexx e-learning language platform,

  • Access to O’Reilly and Clix (Linkedin Learning) e-learning platform,
  • External trainings,

  • Interest groups and integration events,

  • Relocation packages inside and outside Poland,

  • Psychological support program for employee and family, additionally financial and legal consultations (chat, phone, 24/7),

  • Additional holiday days after each year worked at Commerzbank (maximum 5 additional days),

  • Compensation of up to 100% for sick pay (up to 33 days in a given calendar year),

  • Equivalent for electricity and internet while working for home,

  • Flexible working time,

  • Masterbenefit – car subscription,

  • Travel allowance of 150 pln for each arrival for the first year of work in Commerzbank for employees who are living outside of Łódzkie and their previous employer was located outside of Łódzkie.

  • Annual bonus, which amount depends of the results of the bank.
  • Required Skill Profession

    Computer Occupations


    • Job Details

    Related Jobs

    11101 Citibank Europe plc Poland hiring Quant Model Developer Job in Warsaw, Masovian Voivodeship, Poland
    11101 Citibank Europe plc Poland
    Warsaw, Masovian Voivodeship, Poland
    GSK hiring Data Information Model Developer Job in Mokotów, Województwo mazowieckie, Poland
    GSK
    Mokotów, Województwo mazowieckie, Poland
    Commerzbank AG Poland hiring Junior IFRS9 Model Developer Job in Łódź, Łódź Voivodeship, Poland
    Commerzbank AG Poland
    Łódź, Łódź Voivodeship, Poland
    11101 Citibank Europe plc Poland hiring Stress Testing Model Developer Job in Warsaw, Masovian Voivodeship, Poland
    11101 Citibank Europe plc Poland
    Warsaw, Masovian Voivodeship, Poland
    Citigroup hiring Stress Testing Model Developer Job in Warsaw, , Poland
    Citigroup
    Warsaw, , Poland
    Citigroup hiring Stress Testing Model Developer Job in Warsaw, Poland, Poland
    Citigroup
    Warsaw, Poland, Poland
    Antal Sp. z o.o. hiring Model Governance Manager Job in Kraków, Lesser Poland Voivodeship, Poland
    Antal Sp. z o.o.
    Kraków, Lesser Poland Voivodeship, Poland
    Antal Sp. z o.o. hiring Senior Model Validator Job in Kraków, Lesser Poland Voivodeship, Poland
    Antal Sp. z o.o.
    Kraków, Lesser Poland Voivodeship, Poland
    U.S. Bank hiring Quantitative Model Analyst Job in Warsaw, , Poland
    U.S. Bank
    Warsaw, , Poland
    U.S. Bank hiring Quantitative Model Analyst Job in Warsaw, , Poland
    U.S. Bank
    Warsaw, , Poland
    U.S. Bank hiring Quantitative Model Analyst Job in Warsaw, , Poland
    U.S. Bank
    Warsaw, , Poland
    U.S. Bank hiring Quantitative Model Analyst Job in Warsaw, Poland, Poland
    U.S. Bank
    Warsaw, Poland, Poland
    Antal Sp. z o.o. hiring Model Risk Governance Manager Job in Kraków, Lesser Poland Voivodeship, Poland
    Antal Sp. z o.o.
    Kraków, Lesser Poland Voivodeship, Poland
    Tether Operations Limited hiring AI Research Engineer (Model Evaluation) Job in Warsaw, Masovian Voivodeship, Poland
    Tether Operations Limited
    Warsaw, Masovian Voivodeship, Poland
    Experis hiring GCP Cloud Operating Model Architect Job in Warsaw, Masovian Voivodeship, Poland
    Experis
    Warsaw, Masovian Voivodeship, Poland
    PM Group hiring BIM Model Manager - Warszawa, PL Job in Warsaw, Masovian Voivodeship, Poland
    PM Group
    Warsaw, Masovian Voivodeship, Poland
    Goldman Sachs hiring Risk – Model Risk – Associate – Warsaw Job in Warsaw, Masovian Voivodeship, Poland
    Goldman Sachs
    Warsaw, Masovian Voivodeship, Poland
    Experis hiring AVP, AI Model Risk Expert Job in Kraków, Lesser Poland Voivodeship, Poland
    Experis
    Kraków, Lesser Poland Voivodeship, Poland
    PM Group hiring BIM Model Manager - Kraków, PL Job in Kraków, Lesser Poland Voivodeship, Poland
    PM Group
    Kraków, Lesser Poland Voivodeship, Poland
    PM Group hiring BIM Model Manager - Wrocław, PL Job in Wrocław, Lower Silesian Voivodeship, Poland
    PM Group
    Wrocław, Lower Silesian Voivodeship, Poland
    in4ge hiring GCP Cloud Operating Model Architect Job in Warsaw, Masovian Voivodeship, Poland
    in4ge
    Warsaw, Masovian Voivodeship, Poland
    Tether Operations Limited hiring AI Research Engineer (Model Evaluation) Job in Warsaw, Masovian Voivodeship, Poland
    Tether Operations Limited
    Warsaw, Masovian Voivodeship, Poland
    EY hiring Executive Assistant with Dutch (hybrid model) Job in Katowice, Silesian Voivodeship, Poland
    EY
    Katowice, Silesian Voivodeship, Poland
    Helprise hiring Technical AI Project Manager Model Deployment Job in Warsaw, Masovian Voivodeship, Poland
    Helprise
    Warsaw, Masovian Voivodeship, Poland
    Commerzbank AG Poland hiring Senior Model Validation Specialist - Credit Risk Job in Łódź, Łódź Voivodeship, Poland
    Commerzbank AG Poland
    Łódź, Łódź Voivodeship, Poland
    Randstad Polska hiring obsługa klienta, model hybrydowy, elastyczne godziny pracy Job in Poznań, Greater Poland Voivodeship, Poland
    Randstad Polska
    Poznań, Greater Poland Voivodeship, Poland
    Tether Operations Limited hiring Senior AI Research Engineer, Model Inference (Remote) Job in Warsaw, Masovian Voivodeship, Poland
    Tether Operations Limited
    Warsaw, Masovian Voivodeship, Poland

    Unlock Your LGD Model Potential: Insight & Career Growth Guide


    Real-time LGD Model Jobs Trends (Graphical Representation)

    Explore profound insights with Expertini's real-time, in-depth analysis, showcased through the graph here. Uncover the dynamic job market trends for LGD Model in Łódź, Poland, highlighting market share and opportunities for professionals in LGD Model roles.

    50 Jobs in Poland
    50
    4 Jobs in Łódź
    4
    Download Lgd Model Jobs Trends in Łódź and Poland

    Are You Looking for LGD Model Developer Job?

    Great news! is currently hiring and seeking a LGD Model Developer to join their team. Feel free to download the job details.

    Wait no longer! Are you also interested in exploring similar jobs? Search now: .

    The Work Culture

    An organization's rules and standards set how people should be treated in the office and how different situations should be handled. The work culture at Commerzbank AG Poland adheres to the cultural norms as outlined by Expertini.

    The fundamental ethical values are:

    1. Independence

    2. Loyalty

    3. Impartiapty

    4. Integrity

    5. Accountabipty

    6. Respect for human rights

    7. Obeying Poland laws and regulations

    What Is the Average Salary Range for LGD Model Developer Positions?

    The average salary range for a varies, but the pay scale is rated "Standard" in Łódź. Salary levels may vary depending on your industry, experience, and skills. It's essential to research and negotiate effectively. We advise reading the full job specification before proceeding with the application to understand the salary package.

    What Are the Key Qualifications for LGD Model Developer?

    Key qualifications for LGD Model Developer typically include Computer Occupations and a list of qualifications and expertise as mentioned in the job specification. The generic skills are mostly outlined by the . Be sure to check the specific job listing for detailed requirements and qualifications.

    How Can I Improve My Chances of Getting Hired for LGD Model Developer?

    To improve your chances of getting hired for LGD Model Developer, consider enhancing your skills. Check your CV/Résumé Score with our free Tool. We have an in-built Resume Scoring tool that gives you the matching score for each job based on your CV/Résumé once it is uploaded. This can help you align your CV/Résumé according to the job requirements and enhance your skills if needed.

    Interview Tips for LGD Model Developer Job Success

    Commerzbank AG Poland interview tips for LGD Model Developer

    Here are some tips to help you prepare for and ace your LGD Model Developer job interview:

    Before the Interview:

    Research: Learn about the Commerzbank AG Poland's mission, values, products, and the specific job requirements and get further information about

    Other Openings

    Practice: Prepare answers to common interview questions and rehearse using the STAR method (Situation, Task, Action, Result) to showcase your skills and experiences.

    Dress Professionally: Choose attire appropriate for the company culture.

    Prepare Questions: Show your interest by having thoughtful questions for the interviewer.

    Plan Your Commute: Allow ample time to arrive on time and avoid feeling rushed.

    During the Interview:

    Be Punctual: Arrive on time to demonstrate professionalism and respect.

    Make a Great First Impression: Greet the interviewer with a handshake, smile, and eye contact.

    Confidence and Enthusiasm: Project a positive attitude and show your genuine interest in the opportunity.

    Answer Thoughtfully: Listen carefully, take a moment to formulate clear and concise responses. Highlight relevant skills and experiences using the STAR method.

    Ask Prepared Questions: Demonstrate curiosity and engagement with the role and company.

    Follow Up: Send a thank-you email to the interviewer within 24 hours.

    Additional Tips:

    Be Yourself: Let your personality shine through while maintaining professionalism.

    Be Honest: Don't exaggerate your skills or experience.

    Be Positive: Focus on your strengths and accomplishments.

    Body Language: Maintain good posture, avoid fidgeting, and make eye contact.

    Turn Off Phone: Avoid distractions during the interview.

    Final Thought:

    To prepare for your LGD Model Developer interview at Commerzbank AG Poland, research the company, understand the job requirements, and practice common interview questions.

    Highlight your leadership skills, achievements, and strategic thinking abilities. Be prepared to discuss your experience with HR, including your approach to meeting targets as a team player. Additionally, review the Commerzbank AG Poland's products or services and be prepared to discuss how you can contribute to their success.

    By following these tips, you can increase your chances of making a positive impression and landing the job!

    How to Set Up Job Alerts for LGD Model Developer Positions

    Setting up job alerts for LGD Model Developer is easy with Poland Jobs Expertini. Simply visit our job alerts page here, enter your preferred job title and location, and choose how often you want to receive notifications. You'll get the latest job openings sent directly to your email for FREE!