Internship Model Methodology & Development (all genders)

Internship Model Methodology & Development (all genders)

Location: Wien, Austria

Company: Erste Group Bank AG

Working with us means believing in the future; in the great people who are shaping it together every day and in the wide-ranging career paths it opens up. Erste Group was founded in 1819 as the first Austrian savings bank and is today one of the largest stock-listed banking groups in Central Europe.

The department Model Methodology & Development is the central function responsible for the development and maintenance of models used in the analysis of credit risk, in particular regulatory Pillar 1 IRB models, Pillar 2 and IFRS 9 models as well as risk decision models. It is also responsible for the definition of group-wide model development standards.

Your Tasks

• Contribution to the development and maintenance of credit risk models as well as decision models by applying appropriate statistical techniques
• Support the data preparation activities for model development, assuring adequate data quality, for example in terms of data consistency and completeness
• Contribution to the further development of group-wide credit risk model development standards
• Support the documentation of models for internal and regulatory approval

Your Background

• Currently enrolled student in natural or economic science with focus on mathematics, statistics, econometrics or banking and finance
• Profound knowledge in applied statistics, for example machine learning, regression analysis, neural networks, decision trees or random forests, as well as experience in a statistical programming language such as Python, R or SQL
• Highly proficient in both spoken and written English
• Team-oriented with strong ability to cooperate

Our Offer

• Exciting and challenging internship for 12 months part-time, 19.25 hours per week, starting in January 2027
• Support of your professional and personal development in a dynamic, comprehensive and interesting area
• Benefits of Erste Group
• Internship salary starting from EUR 2,745.32 gross per month on a full-time equivalent basis
• Opportunity to divide working hours between working from home and at the office
• Equal opportunities irrespective of age, skin colour, religious belief, gender, sexual orientation or origin