Risk Specialist in ICAAP (all genders), Vienna

Risk Specialist in ICAAP (all genders)

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. As an attractive employer, Erste Group offers interesting career opportunities in an international environment. The ICAAP team within the Enterprise-wide Risk Management (ERM) division, ensures group-wide risk portfolio steering based on a holistic, cross-risk oversight of risks. We support the Erste Group’s management with a robust enterprise-wide risk management framework to ensure that the bank group has the capacity to bear its acquired risks. We also ensure that novel risk types (such as ESG, geo-political risks) are reflected in the overall risk framework. As a member of our team, you will contribute to the further development of ICAAP methodologies and products, with a particular focus on ESG topics. Your areas of involvement will include ESG materiality assessments, the design and maintenance of ESG related limit frameworks, capital allocation concepts, and reporting. In addition, youwill support the ICAAP team across a range of broader initiativesYour Tasks

Leading ESG‑related risk materiality assessments, particularly for credit and strategic risk, and contributing to the continuous enhancement of ICAAP’s risk identification as well as calculation and reporting of climate‑ and nature‑related concentration metrics, including preparation and presentation of dashboards in TableauMaintaining and reporting on the ESG Risk Appetite Framework, while actively contributing to its further development in line with Erste Group’s strategic KPIs/KRIs and business objectives. This also includes the cascading of ESG‑related limits to local entities Contributing to end‑to‑end ESG reporting, covering CSRD disclosures, onboarding and quality‑checking data in the central solutions, preparing ESG Pillar 3 reports, andsupporting the ESG sections of the Annual ReportSupporting the integration of AI and advanced analytics into ICAAP workflows. A solid data‑science foundation is desired, with working knowledge of Python, Databricks, and modern data‑engineering / modelling tools Exhibiting the ability to interpret and analyze results, translating outputs into actionable insights for enhancing risk management strategiesUndertake various tasks related to the Internal Capital Adequacy Assessment Process (ICAAP), such as refining risk methodologies, enhancing risk reporting capabilities, and implementing regulatory requirements to strengthen the overall risk steering framework Your Background

University degree in Quantitative Finance, Mathematics, Economics, or a related area Strong quantitative and analytical mind, coupled with the ability to interpret from an economic perspective the output of risk models Good commands in programming languages for advanced data analytics and modeling (such as Python, R, SAS, Databricks)Previous internship experience in ICAAP or risk management and knowledge of the relevant regulations Proven track record of effectively utilizing risk models and methodologies for assessing and managing risks would be considered as a plus Excellent communication and presentation skills Excellent German (first language is a plus) and English commands in written and verbal communicationOur Offer

An exciting and challenging responsibility area with significant individual responsibility The possibility to work in an international and highly motivated team Commitment to support you in your professional and personal development Discover and enjoy the benefits of Erste Group

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