Regulatory Expert – Credit Risk

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Overview

We are looking for a Regulatory Expert to support our Credit Risk cluster.

Responsibilities

• Interpret regulations (CRR3, CRD, EBA RTSs, EBA Guidelines, SRT, etc.), propose measures and manage activities for Cluster compliance with specific regulations.
• Monitor and analyze emerging trends and changes in laws, regulations, industry associations, and other relevant sources to identify new compliance requirements and assess their implications for the organization.
• Identify risks associated with non-compliance with regulations.
• Assist Cluster in implementing new requirements coming from business departments.
• Drive regulatory changes impact analyses, e.g., to check possible strategic actions.
• Provide explanatory support during audit fieldwork conducted by internal, external auditors and ECB/Bundesbank.
• Develop policies and procedures to ensure that the organization complies with applicable laws and regulations.

Skills and Experience

• Masters degree in economics, finance & accounting, law and related disciplines.
• Relevant expertise in EU banking regulations.
• Specialized knowledge and in-depth understanding of regulations on capital adequacy (CRR3, CRD, EBA RTSs, EBA Guidelines, etc).
• Minimum 3 years of professional experience in regulatory compliance, advisory or audit.
• Familiarity with industry standards and best practices in capital management.
• English C1 level.

How

Hybrid on Wersalska 6 street, Łódź.

Commerzbank and 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.

Description Of The Cluster

• 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 defense 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. incidents or delays) but also optimisation of IT‑platform as well as minimisation of manual processes.
• Tailor‑made risk analysis (e.g. scenarios, impact analysis, Ad‑Hoc requests) in particular for the management of the current COVID‑19 crisis. 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.

Benefits

We offer Development Plans for employees, Life insurance, flexible working hours, integration events and much more.

Personal Data Clause

• I consent to the processing of personal data contained in this document by Commerzbank Aktiengesellschaft with its registered office in Kaiserstrasse 16, 60311 Frankfurt am Main, Germany, 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 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.
• 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 my personal data and about the right to correct, rectify and delete it.

Seniority level

Mid‑Senior level

Employment type

Full‑time

Job function

Legal

Industries

IT Services and IT Consulting