Welcome to the team: Audit Specialist Models & Market Risk (m/f/diverse)
Your tasks
In inter disciplinary teams you assess the correctness of risk, AI and other models used within the bank. You review the work of model development and validation teams who are responsible for complex mathematical models and verify whether the models are in line with regulatory requirements. Specifically, this means for you:
- Evaluating models and their related model risk management processes in line with regulatory requirements in the different areas of the bank including Credit Risk, Market Risk, Liquidity Risk, ICAAP, Compliance as well as AI related use case.
- Assessing the analytics used in model development, as well as monitoring and validation areas using your sound mathematical knowledge.
- Identifying risks and jointly deriving recommendations for action with our auditees.
- Summarizing findings in audit reports for the board and supervisory authorities.
- Exchanging ideas across the audit organization, contributing your existing practical knowledge in a goal-oriented manner and enhancing your know-how through personal exchanges and available training opportunities.
- Further developing our (agile) audit approaches together and drive digitalization.
- Supporting the follow-up of corrective measures from internal and external audits.
Your profile
- Comprehensive know-how in Model Risk Management, concerning risk models as well as AI / machine learning models e.g. from model development, model validation or model audit
- Comprehensive knowledge on model related regulatory requirements, on credit, market and liquidity risk
- Understanding of risk management processes
- Extensive professional knowledge regarding mathematical methods and mathematical modelling
- Master’s degree or PhD in mathematics or a comparable program with a strong mathematical background
- Fluency in English
- Strong communication skills and attention to detail
- Open for business trips to Germany and our Commerzbank international branches within Europe as well as London, New York and Singapore
- Open to work in changing cross functional audit teams
In return, we offer:
- Good work-life balance, including 25 days annual paid leave (increasing with 1 day per year up to 31 in total), flexible working hours, work-from-home and work from abroad opportunities;
- Luxury package of additional health and dental insurance;
- Food vouchers in the amount of EUR 80 monthly;
- 6 additional annual days off for exceptional circumstances;
- Employee assistance program for psychological, financial, and legal consultations;
- Multisport card;
- Annual contribution of EUR 153.39 net per child for a summer camp/school/kindergarten for children up to age of 15;
- Possibilities for building career-advancing skills by covering training/certification courses and conferences based on individual learning and development needs, access to an online learning platform;
- Opportunities for long-term professional development in a stable, 150-year-old company while contributing to the vision of a new, just starting Digital Technology Center;
- Friendly and supportive multicultural environment, open to new opinions and ideas.
Commerzbank is proud to be an equal opportunity employer, committed to creating a diverse environment. All qualified applicants will receive consideration for employment without regard to gender, race, color, national origin, religion, gender identity or expression, sexual orientation, genetics, disability, age, or any other characteristics.
Our Benefits
Work internationally; Work-life balance; Health& Dental Insurance; Multisport Card; 25 up to 31 annual paid leave; 6 Exceptional Days Off; Food vouchers; Employee assistance program; Children Summer Camp Contribution; Learning Platforms
The company
Commerzbank is a leading international commercial bank with branches and offices in almost 50 countries. The world is changing, becoming digital, and so are we. We are leaving the traditional bank behind us, and we are choosing to move forward as a digital enterprise.
As part of this strategy, Commerzbank continues the expansion of its Digital Technology Center in Sofia, Bulgaria. We need motivated people who will join us on this journey, and we are looking for a Audit Specialist Models & Market Risk in our Group Audit team.
Group Audit of Commerzbank performs audit and advisory services on behalf of the Executive Board, independently, objectively, and risk oriented. The audit function supports the bank in achieving its corporate goals by systematically and purposefully assessing the adequacy and effectiveness of risk management, controls, as well as management and monitoring processes, and by helping to improve them in a forward-looking manner.
Join Commerzbank AG as an Internal Auditor and play a critical role in ensuring our bank's success and integrity. As an Internal Auditor, you will conduct independent, objective assessments of risk management, controls, and governance processes. Your insights will directly support executive decision-making and drive continuous improvement within our dynamic organization. Enjoy opportunities for professional growth, collaboration with senior leadership, and making a real impact on our risk culture. If you have a keen eye for detail and a passion for excellence, we invite you to be part of our team!
Contact
Challenge accepted? Apply now with your up-to-date CV in English!
Due to the high volume of applications, we contact only the candidates who best match the role requirements. If you do not hear from us within 14 days, please consider that we won't proceed with your application at this stage.