Senior Credit Risk Model Developer position in Credit Risk Modelling
UniCredit · Beograd, Serbia · 4mo ago
SeniorOn-siteRisk & Compliance
- Conscientiously and responsibly plans and implements the development of credit risk parameters from the field of IFRS9 and Managerial models
- When implementing new credit risk parameters simulates the impact on key credit risk metrics (e.g. ECL stock and flow, EL stock and new business, RWA, etc.)
- Provides full support to the validation function as part of the initial and/or ongoing validation of the developed credit risk parameters in accordance with the annual activity plan
- Defines the business specification and participates in the development of the functional/technical specification in the context of the initial development and/or addition of software solutions used in banks rating systems or IT tools
- Tests developed software solutions that implement new credit risks parameters in the bank's rating systems or IT tools (the so-called User Acceptance Test process)
- Takes care of maintenance, understanding, monitoring and changes of all group related methodological standards for the development of credit risk model parameters from the field of IFRS 9 and Managerial models
- University degree (preferably in quantitative finance, applied mathematics or physics)
- 5 or more years of experience in credit risk model development or validation in banking sector
- Proficient in statistical programming languages (Python, SAS, R) and SQL as well as strong knowledge of probability, statistics, and machine learning techniques
- Understanding of banking products, credit risk management, and regulatory frameworks
- Ability to describe complex models in simple terms
- Fluent in English, written and spoken
- Highly responsible, disciplined and analytical candidate
We are focused on finding the best solutions because the essence is more important to us than the form and open communication has an advantage over the hierarchy. The most beautiful gifts cannot be packed and that is why we want our employees to spend their birthday with their family outside the office, as well as to be with their student champions for a happy start of the new chapter. We encourage balance, diversity and a healthy lifestyle. It is important for us to take care of our people, so all our employees are provided with a health care package, as well as free annual systematic examinations.
UniCredit is a pan-European leading commercial bank providing best-in-class solutions and services across Italy, Germany, Austria, and Central and Eastern Europe. Our Vision is to be the Bank for Europe's Future. Our Purpose is to Empower Communities to Progress, delivering the best-in-class products and services for all stakeholders, unleashing the potential of our people and our clients across Europe. We serve over 20 million clients, supported by three Group product factories — Corporate, Individual and Payment Solutions — that ensure best-in-class expertise and scalable solutions across all markets. Our integrated model combines local proximity, deep client understanding and Group-wide capabilities, enabling seamless service and outstanding client experience. Digitalisation, operational excellence and a strong commitment to ESG principles underpin our journey, helping us deliver sustainable long-term value for clients, communities, employees and shareholders. Our shared Culture unites our people across all countries, empowering teamwork, driven execution and ambition through Ownership, Integrity and Caring.