Junior Quantitative Credit Risk Modeler 100% (f/m/d)

ES50 - JBSC Julius Baer Services (Spain) S.L.U.

Location: Madrid
Work arrangement: On-site
Job type: Full-time
Posted yesterday

Apply on original website

Opens juliusbaer.wd3.myworkdayjobs.com in a new tab. Check the address before sharing personal information.

Key skills in this ad

Skills and tools

Risk management
IFRS
Machine learning
Statistics
Python

Experience

3 years of relevant experience

Languages

English

Qualifications

About this role

At Julius Baer, we celebrate and value the individual qualities you bring, enabling you to be impactful, to be entrepreneurial, to be empowered, and to create value beyond wealth. Let’s shape the future of wealth management together.

You will be a member of the Credit Models team within the Financial Portfolio Risk Management & Control unit of CRO and you will be responsible for development, maintenance and enhancement of credit risk models, i.e. internal credit risk rating approaches (PD, LGD), IFRS 9 Expected Credit Loss (ECL) models and credit loss stress testing models, covering the end-to-end credit models lifecycle.

YOUR CHALLENGE

Develop state-of-the-art credit risk models, i.e. internal credit risk rating approaches (PD, LGD), IFRS 9 Expected Credit Loss (ECL) models and credit loss stress testing models across all relevant portfolios using statistical methods
Interact regularly with subject matter experts from Credit Risk Management and other functions to ensure that model user requirements are properly reflected and translated into high-quality models
Provide model prototypes applying standard coding language for impact analysis and model implementation testing
Prepare high-quality model documentations and materials in line with the Group’s model risk governance framework
Collaborate closely with the Model Validation team during the independent model review and remediate potential validation findings
Execute the regular model performance monitoring, back testing and benchmarking
Drive innovation through the adoption of advanced quantitative techniques – including interpretable machine learning applications – while maintaining transparency, auditability and regulatory acceptance
Support the implementation of new models and model changes into the Group’s IT infrastructure
Act as subject matter expert for all credit model related questions from users across Credit Risk Management and Front Office

YOUR PROFILE

Master’s degree in a quantitative area, such as Mathematics, Statistics, Econometrics, Quantitative Finance
Up to 3 years of relevant experience in credit risk modelling within a financial institution
Experience in developing and maintaining credit risk models as well as demonstrated expertise in statistical and econometric methods
Expertise in large data querying and analysis
Strong proficiency in programming, e.g. in Python or R
Results-oriented mindset with excellent analytical and problem-solving skills
A collaborative, customer-focused attitude and strong team player
Outstanding interpersonal and communication skills, with fluency in English (written and spoken)

We are looking forward to receiving your full job application through our online application tool. Further interesting job opportunities can be found on our [Career site](https://juliusbaer.wd3.myworkdayjobs.com/en-US/External).

Is this not quite what you are looking for? Set up a job alert by creating a candidate account [here](https://juliusbaer.wd3.myworkdayjobs.com/en-US/External/jobAlerts).

The international reference in wealth management

Julius Baer is the leading Swiss wealth management group. We focus on servicing and advising sophisticated private clients from around the world, taking into account what truly matters to them – in their business and personal life, today and for future generations.

Headquartered in Zurich, we are present in around 60 locations worldwide, including Bangkok, Dubai, Dublin, Frankfurt, Geneva, Hong Kong, London, Luxembourg, Madrid, Mexico City, Milan, Monaco, Mumbai, Santiago de Chile, Shanghai, Singapore, Tel Aviv, and Tokyo.

Why join Julius Baer?

At Julius Baer our employees enjoy the benefits of a global company with the support and collegiality of a much smaller one. We are growing quickly, but we remain dedicated to maintaining our accessible structure with flat hierarchies, and approachable and supportive leaders.

With offices around the world, we offer an international and stimulating work environment and the opportunity to work with a diverse team of highly motivated colleagues, bringing the best of the bank to our clients. Our core values of Care, Passion, and Excellence define the tone of how we interact with each other and our partners.

Committed to your success

Whether nurturing young talent with our renowned apprentice scheme, enabling ambitious university graduates to put theory into practice with our Graduate Programme, or providing first-class opportunities for experienced professionals, we look after our employees. We believe in continuous learning as a company and as individuals, which is why we put a focus on the health and well-being of our employees and offer flexible working options, a wide array of benefits, and extensive career development programmes.

For more information visit [www.juliusbaer.com](http://www.juliusbaer.com/) or contact us via the [Contact](https://www.juliusbaer.com/en/contact/) [Form](https://www.juliusbaer.com/en/contact/).

For recruiting agents, please see the additional information [here](https://www.juliusbaer.com/en/careers/).

Pay

Pay is not stated in the ad.

Estimate take-home pay for a figure you enter

Estimated take-home pay

Explore gross pay after typical payroll taxes for a work location.

Gross salary (EUR) Enter the salary in the selected country's currency.Country City or area (optional)

Illustrative estimate only; assumes a standard employee profile and may omit benefits, pensions, credits and local rules. Regional and city-specific tax applies only where the selected calculator supports it; other results are country-level. Salary and location are sent only when you calculate: Paysums for supported regions, or WorthOf for wider country coverage. Confirm with an official payroll or tax source before making decisions.