Alpha Bank is currently seeking a quantitative analytics professional to join the Credit Risk Methodologies function. This is an excellent opportunity for the jobholder to accelerate his/her career growth by joining one of the most vital and fast-growing functions within the Risk Management Division.
The ideal candidate should be self-motivated and able to perform in a fast-paced environment delivering high-quality results in a timely manner. The jobholder will have an analytical profile and should be rigorous, well-organized and have a results-oriented mindset.
Responsibilities:
- Performs / assists or project manages the development and maintenance of credit risk models: Spearheads / supports the development and refinement of a suite of retail and wholesale credit risk models (e.g. PD, LGD, Rating, CCF) for the bank’s risk management function.
- Engages multiple stakeholders across the bank providing analyses and technical information related to Credit Risk Models (e.g. management, business units, internal and external audit, regulators, validation team).
- Performs models backtesting and monitors the appropriateness of the credit risk models and discusses findings with the risk working group.
- Ensures that model changes or new models are accurately implemented in the Bank’s systems by supporting the UAT process.
- Drafts model documentation covering justification of modelling assumptions and side analysis, in alignment with the Bank’s policies, best practices and regulatory standards.
- Actively supports in regulatory and/or internal exercises (e.g. ICAAP, EU Wide Stress tests, RAF).
- Performs any additional duties/ ad hoc analysis related to the management of credit risk and credit risk methodologies.
Qualifications:
- Bachelor’s degree and/or Master’s degree in Mathematics, Statistics, Risk Management, Finance or in any other related discipline with quantitative content.
- Programming skills: knowledge / experience in understanding, developing and execuding of codes (e.g. R, Python or SQL).
- Two (2) years work experience, preferably with Credit Risk Models (IFRS 9, ICAAP, Scorecards).
- Experience in similar quantitative analysis/ modelling positions in the financial services or in the consulting sector is considered an advantage. Applicants who satisfy the rest mandatory requirements, are also encouraged to apply.
- Ability to analyze, interpret and provide meaningful recommendations for decision making
- Self-motivated and outcome oriented, with sense of responsibility for own work, having the ability to work under tight deadlines while prioritizing and handling multiple assignments.
- Proficiency in the use of MS Office (Word, Excel, PowerPoint).
- Strong verbal and written communication skills in Greek and English.
