„Practice in Lodz – summer internships is a project organized as part of the “Youth in Lodz” program, whose aim is to enable students and graduates of Lodz universities to gain professional experience. The project can be attended by people up to 30 y.o. who are students or graduates (up to one year after graduation) of Lodz public or non-public universities. We look for students after second year of technical, mathematical, business, finance, economic or related studies.
📢 Join our team as a Business Expert Intern! 📢
In your role you will handle various tasks, including maintaining and enhancing risk applications like credit rating tools and operational risk databases. You'll collaborate closely with software developers, conduct analyses and ensure regulatory compliance. Additionally, you'll troubleshoot business and model-related issues, document requirements and guidelines, and work on process enhancements using agile methodologies.
What you will be doing? 👇
- Working closely with software developers and application users
- Conducting technical, business and data quality analyses
- Leading meetings with stakeholders
- Analyzing risk management and regulatory requirements and implementing adjustments into the tool and processes
- Solving problems (both business & model related, support technical fixes)
- Managing documentation of business requirements, application guidelines and design goal
- Working on processes improvements using agile methodologies
Do not worry, if you do not have experience in some of the points - we will provide training for you! 😉
Alternative tasks:
- Data preparation and analysis, statistical and empirical investigations, handling of large amounts of data, their aggregation and evaluation.
- Preparation of technical specifications, presentations and documentation on credit and operational risk
- Testing of credit and operational risk related tools
- Programming of prototypes for impact and scenario analysis in different programming languages (SAS, R, Python, SQL, ...).
Which technology & skills are important for us? 👇
- Interest in economics, finance & accounting, IT or related field
- Good acquaintance of MS Office tools – Excel and Word
- English B2 level – it is our business language
- Analytical thinking as well as motivated and structured working style
- Good self- organization and communication skills.
Nice to have:
- Have basic knowledge of technical languages like SQL, VBA, Python
What we offer? ✨
- Paid graduate internship contract for 3 months
- Subsidized meals - Sodexo Lunch Pass card
- Access to the Speexx e-learning language platform
- Access to O’Reilly and Clix (Linkedin Learning) e-learning platform
- Opportunity to gain experience and start career in our IT departments
- Support of experienced mentors
- Trainings with Professionals
- Work in an international environment in the Agile methodology
- Individual approach - flexible working hours, the possibility of combining internship with studies, completing obligatory student internships
- Interests groups (f.e. board games, cooking) and integration events
- Internal training program Skills@work (coffee Learning Session – informal quarterly meetings among employees focusing on a given technological or business issue, Trainer Academy – Technical training organized by employees for employees, Guilds – groups focusing on a given technology)
How?
📌 Hybrid on Wersalska 6 street (Łódź)
Important! Please add the clause to your CV. 📑 You can find it on the end of the advert.
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Below you can find more information about Commerzbank and the cluster 👇
Commerzbank is a leading international commercial bank with branches and offices in almost 50 countries. The world is changing, becoming digital, and so we are. We are leaving the traditional bank behind us and are choosing to move forward as a digital enterprise. This is exactly why we need talented people who will join us on this journey. We work in inter-locational and international teamwork in agile methodologies.
Cluster Risk Models & Calculations is responsible for:
- Development, roll-out and maintenance of group-wide models for credit risk, operational risk, capital requirements and stress-testing (incl. tight monitoring of model performance). We are model owner and 1st line of defence for model risk.
- Implementation of models in calculation kernels (e.g. rating models, RWA-calculation, C-VaR, LGD-Service, OpRisk and Stress).
- Specification and implementation of rating tools as well as other central risk applications – used mainly by own Front-Ends in the credit process or in online applications.
- Calculation of the economic capital requirements (e.g. Credit Portfolio Model, AMA for OpRisk, business- and physical asset risk - incl. stressed conditions).
- Basis calculation for risk provisions (especially IFRS9 Stage Assignment and Lifetime-EL) and centre of competency for Asset Backed Securities
- IT-solutions for recording, management and calculation of the operational risk, tools for and management of the internal control system.
- Operational stability of the IT-Applications (e.g. wrt incidents or delays) but also optimization of IT-platform as well as minimization of manual processes.
- Tailor-made risk analysis (e.g. scenarios, impact analysis, Ad-Hoc requests). Professional response on customer requests.
- Main contact for regulators, chartered accountant and internal auditors concerning model development and implementation.
- Implementation of important regulatory and strategic initiatives: e.g. implementation and fulfillment of new regulatory requirements for AIRB rating models, acceleration of rating calculation, enablement of digital credit journey, improvement of credit decision and streamlining of credit processes.
🚩 Please add the following clause to your application:
1. I consent to the processing of personal data contained in this document by Commerzbank AG with its registered office in Frankfurt am Main, Germany, 60261 Kaiserplatz, operating through the Branch in Poland with its registered office in Łódź, 91-203 Łódź, ul. Wersalska 6, KRS 0000631053, for the implementation of the current recruitment process and for the future recruitment for a period of 6 months, in accordance with the Regulation of the European Parliament and of the Council (EU) 2016/679 of 27 April 2016 on the protection of individuals with regard to the processing of personal data the free flow of such data and the repeal of Directive 95/46 / EC (RODO) and in accordance with the Act of 10 May 2018 on the protection of personal data (Journal of Laws of 2018, item 1000). I provided my personal data voluntarily and I declare that they are truthful. I have the right to withdraw this consent at any time. The withdrawal of consent shall not affect the lawfulness of processing based on consent before its withdrawal.
2. I have read the content of the information clause, including information about the purpose and methods of processing personal data and the right to access to my personal data and about the right to correct, rectify and delete it.