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Quantitative Risk Modeller (f/m)

Česká republika : Hlavní město Praha

Řízení rizik; Informační technologie

About us

ČSOB is part of KBC Group which is an integrated bank-insurance group catering mainly for retail, private banking, SME and mid-cap clients. Geographically, KBC focuses on core markets of Belgium, the Czech Republic, Slovakia, Hungary and Bulgaria. The Risk Modelling team provides risk modelling services for KBC Group. Because risk measurement is more than modelling alone, we work closely together with other risk experts (project & process managers, risk advisors) to produce reliable risk figures for KBC Group.

We are looking for a junior or mid-senior level Market Risk Modeler to join our Prague team, working on the market risk related models at KBC Group level. You’ll focus on the market risk measurement (interest rate, credit spread, foreign exchange, equity risks and option risk) due to adverse scenarios (expected loss). You will also contribute to the maintenance and continuous improvement of our models. This role is ideal for someone who enjoys analytical challenges and stakeholder interaction. Any prior experiences in market risk modelling will be an asset but not a must.

What does the job entail? / What awaits you?

Risk managers at the KBC Group use a number of quantitative models to measure financial risks. Become their colleague, improving existing models and developing powerful new ones too.

The goal? Robust, efficient, transparent risk models that offer an answer to a fast-evolving and strongly regulated environment. This is a great role if you are curious, analytical, and enjoy working in a team-oriented, supportive environment – with space to grow and develop new skills. The current position is situated for Market Risk, but we cover more risk types, i.e., credit risk, technical insurance risk or climate related risks. Hence, in time, there is a potential to expand your skills beyond Market Risk.

What are your tasks?

You will use your quantitative expertise to improve, maintain and review the group-wide market risk models. Few examples of our models: Internal capital model, deposit volume/rate modelling, mortgage prepayment risk measurement.
You and your ICT colleagues implement the models in our risk infrastructure.
Be a part of the business-as-usual (BAU) process and provide support related to model use and results interpretation.
Communicate with internal validation, risk teams, and other stakeholders across the Group.
You work together with expert risk managers to bring our models in line with new insights.
You clearly document everything you do. You regularly present your work to senior management.

Are these your strengths?

You have a master’s degree or PhD in a relevant area such as mathematics, physics, civil engineering or economy. Quantitative modelling and analysis fascinate you.
Actively participating in a discussion, clearly wording complex matters without relying on too many industry terms and documenting your work? You do them all effortlessly in English.
You’re self-motivated, curious, eager to understand how things work, and enjoy solving problems collaboratively.
We mainly work with Python, so having experience with it is preferred. You also have a familiarity working with large datasets. Having experience with cloud development, ML or financial models is a nice plus but not a must.
Just like your colleagues, you enjoy reaching goals as a team and continuously learning. You look forward to learning new – and sometimes complex – concepts.
Experience with market risk, model validation, or internal capital frameworks is a plus — but not required.

Why choose this job?

You’re assured of an excellent onboarding and a pleasant, collegial work atmosphere with international team where different perspectives are valued.
Throughout your entire career, we encourage you to grow as a person and as a professional. You can follow training courses in which you further sharpen your soft and hard skills.
Our offices are easily accessible by public transport – metro Radlická. You’re also welcome to partly work from home.
Flexible work hours help you to balance your work and your private life.
We offer you a competitive salary, supplemented by extra ČSOB benefits.

What it is like here

We are used to working together and helping each other. We enjoy being together at work and sometimes even after work.
We want every client experience to be the best it can be. We are reliable partners in every situation, and we are happy when our clients recommend us to their friends.
We like simplicity and use modern technology. This makes life easier for us and our clients.
Change is omnipresent in our company; we are constantly moving forward and learning new things. We want to be at the forefront and set the direction.
We love diversity. Anyone can work for us.
Today's world is important to us, and we care about its health so that it will endure for future generations.
We know that the well-being and health of each of us is important, which is reflected in our work environment and benefits.

We welcome all backgrounds

At ČSOB, we value diversity and are committed to creating an inclusive environment. We encourage applications from people of all genders, backgrounds, and experiences – even if you do not meet every single requirement.