Job detail for Financial Risks Validation Specialist

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Overview

You will join the Financial Risks Validation Service, part of the Internal Validation & Model Risk Management Department, where you will be responsible for validating internal models developed by the Bank for quantifying banking book financial risks. You will contribute significantly to the design and execution of quantitative analyses aimed at verifying the methodological robustness of internal models and their correct implementation in systems. You will also be responsible for drafting validation notes intended for Senior Management and the Supervisory Authority.

What your activities will be

• Plan and execute independent validation activities for internal models used to quantify banking book financial risks (e.g., IRRBB);
• Evaluate the methodological soundness of models, including behavioral assumptions and stress testing methodologies, and verify their correct implementation;
• Assess the compliance of the modeling framework with applicable supervisory regulations;
• Draft validation reports in English for Supervisory Authorities, Senior Management, and internal committees;
• Present validation results and discuss findings with various stakeholders;
• Contribute to the development and maintenance of a structured, efficient, and effective validation framework;
• Monitor the implementation of corrective actions and follow up on identified issues;
• Support the evolution of validation methodologies, including through the adoption of new quantitative techniques and technological tools.

Who we are looking for

If you have the following characteristics, we are waiting for you:

• Master's degree in STEM disciplines or quantitative finance;
• Solid knowledge of banking book financial risk measurement methodologies and familiarity with industry regulations;
• Ability to design and execute quantitative analyses, develop models, perform replication tests, and analyze data;
• Knowledge of Python programming languages, with an interest in analysis automation and the development of AI solutions;
• Excellent written and spoken English;
• Ability to produce detailed, high-quality technical documentation;
• Ability to communicate and collaborate with stakeholders at different organizational levels;

At least 7 years of experience in financial risk management is required.

What we offer

• Gross annual salary starting from 54.000€
• The Group provides a variable remuneration component as governed by the Remuneration Policies available on the Group's website
• Supplementary elements governed by the National Collective Labor Agreement for the Credit Sector and second-level company agreements
• Professional development initiatives to support the growth of our people
• Extensive training offer through the Corporate Academy dedicated to the continuous development of professional, managerial, and soft skills at all levels
• Possibility to join flexible work arrangements and the 4x9 short work week
• Modern and integrated corporate welfare system ( link)
• Health coverage and supplementary pension scheme starting from the date of hiring
• Advantages on the Group's banking products and services

Who we are

We are leaders in Italy and one of the main banking groups in Europe. Join us and be part of our success story! With over 20 million customers in Italy and abroad, we are a true engine of sustainable growth with a strong commitment to the environment and a tangible impact on society.

People are at the center; we take care of them by committing to creating an inclusive culture within the Group where everyone feels like a protagonist and valued.

Join our international reality. The future is not waited for, it is chosen!

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