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Risk Specialist in ICAAP (all genders)

Location: Vienna

Working Hours: Full-time

Occupation Area: Risk management

Company: Erste Group Bank AG

Benefits

Financial services
Good transport connection
Health Center
Sports and leisure
Learning & Development

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 help shape and advance ICAAP methodologies, with a strong emphasis on digital innovation and AI driven enhancements. Your role will also focus on embedding ESG considerations into ICAAP and supporting the implementation of the credit portfolio model.

Your Tasks

• Taking a leading role in the integration of AI and advanced analytics into ICAAP workflows to ensure robust, transparent and future‑proof ICAAP solutions;
• Implementation of the credit portfolio model within ICAAP, specifically in the risk‑taking capacity framework, and in‑depth analysis of model outputs with a focus on concentration risk, diversification effects, and credit migration risk
• Practical use of the credit portfolio model for active portfolio steering, including risk appetite translation into limits, and economic capital allocation to optimize portfolio composition and risk‑return trade‑offs
• Leading ESG‑related risk materiality assessments, particularly for credit and strategic risk, and contributing to the continuous enhancement of ICAAP's risk identification
• Maintaining 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
• Exhibiting the ability to interpret and analyze results, translating outputs into actionable insights for enhancing risk management strategies

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 communication

Our 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
• Discover and enjoy the benefits of Erste Group
• The minimum wage for this full-time position in accordance with the collective agreement with complete fulfillment of the functional profile is EUR 44.860,-- gross per year. But this is just a formality - we would be happy to talk about your actual salary in person!
• We offer our employees the opportunity to divide their hours between working from home and at the office.
• We consider the diversity of our 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.

Contact

Stefan Locker

Apply online