Business Expert Intern with German @

"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. 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. Which technology & skills are important for us? German B2 level English B2 level – it is our business language Interest in economics, finance & accounting, IT or related field Good acquaintance of MS Office tools – Excel and Word Analytical thinking as well as motivated and structured working style Nice to have: Have basic knowledge of technical languages like SQL, VBA, Python "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. 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. ,[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 , 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, ...).] Requirements: Excel, MS Office, SQL, VBA, Python Tools: Confluence, GitHub, SharePoint, GIT, Agile, Scrum. Additionally: Training budget, Lunch card, International projects, E-learning platform (mindtools), Free coffee, Bike parking, Shower, Modern office, No dress code.