Internship Model Methodology & Development (all genders)

Job Overview

Erste Bank
Erste Bank

Working at Erste Group means pursuing a common goal and being enthusiastic about shared values. We always treat one another with respect, empathy, and understanding for our diverse backgrounds. This applies to our customers as well as to our employees.

Internship Model Methodology & Development (all genders)

Erste Bank
Location: Vienna
Erste Bank
Working-Hours: Part-time
Erste Bank
Occupation Area: Risk management
Erste Bank
Company: Erste Group Bank AG

Erste Group was founded in 1819 as the first Austrian savings bank and today it is one of the largest banking groups in Central and Eastern Europe (CEE). As an attractive employer, Erste Group offers interesting career opportunities in an international environment.

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. 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 by applying appropriate statistical techniques
  • support the data preparation activities for model development, assuring adequate data quality (e.g. 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 at a University/University of Applied Sciences with focus on mathematics, statistics, econometrics or banking & finance
  • profound knowledge in applied statistics (e.g. multivariate data and regression analysis)
  • excellent command of Microsoft Office as well as experience in a statistical programming language (e.g. Python, R, SQL, SAS)
  • highly proficient in both spoken and written English
  • team-oriented with strong ability to cooperate

Our Offer

  • We offer you an exciting and challenging part-time internship (19,25 hours/week) for a duration of 12 months or an full-time internship (38,5 hours/week) for a duration of 6 months in an interesting and dynamic field as of January 2022.
  • We support your professional and personal development.
  • We guarantee an internship allowance of minimum EUR 1.650 gross per month (on a full-time basis) with the willingness to overpay depending on qualifications.
  • Discover and enjoy the benefits of Erste Group
  • Erste Group considers the diversity of its employees as key to innovation and success. As employer we are proud to offer everyone equal chances, irrespective of age, skin colour, religious belief, gender, sexual orientation or origin.
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