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GRÁNIT BANK IS LOOKING FOR A RISK MANAGEMENT INTERN!
Job description
Risk Management Intern
Work location
Budapest, District IX
Pay
Gross HUF 2,500/hour
Good to know! If you are under 25, since January 2022 you can take home more from your earnings. Read more about the personal income tax exemption here.
Required hours
20-30 hours of work per week
Tasks
Assisting with the development of market and counterparty risk strategies, policies and the limit system (volume, sensitivity, VaR, P&L, concentration). Monitoring compliance with approved limits, reporting limit breaches and developing recommendations for action.
Performing VaR and stressed VaR calculations. Developing and conducting stress tests (sensitivity analysis, scenario analysis and reverse stress testing) in accordance with legal and supervisory requirements.
Defining the methodology for and calculating capital requirements under Pillar 1 and Pillar 2. Meeting legal and supervisory requirements and maintaining the relevant policies and procedures.
Preparing management reports, supporting mandatory external reporting and disclosure processes.
Participating in model development, external model development projects, validation support and model monitoring.
Assessing the risk ratings of counterparties and countries and making recommendations for setting limits. Risk control of Treasury activities, treasury positions and investment services.
Supporting asset-liability management (ALM), ensuring compliance at bank group level and working closely with related departments. Participating in internal and external audits.
Performing VaR and stressed VaR calculations. Developing and conducting stress tests (sensitivity analysis, scenario analysis and reverse stress testing) in accordance with legal and supervisory requirements.
Defining the methodology for and calculating capital requirements under Pillar 1 and Pillar 2. Meeting legal and supervisory requirements and maintaining the relevant policies and procedures.
Preparing management reports, supporting mandatory external reporting and disclosure processes.
Participating in model development, external model development projects, validation support and model monitoring.
Assessing the risk ratings of counterparties and countries and making recommendations for setting limits. Risk control of Treasury activities, treasury positions and investment services.
Supporting asset-liability management (ALM), ensuring compliance at bank group level and working closely with related departments. Participating in internal and external audits.
Working hours
Monday to Friday, according to a schedule agreed in advance, during standard office hours, with a commitment of 20–30 hours per week
Requirements
At least 18 years of age
Active full-time student status, or passive student status under the age of 25
You have no more than one year remaining in your bachelor's degree (the position can also be used to complete and document a professional internship), or you are continuing your studies in a master's programme in a field such as risk management, financial investment/analysis, modelling, statistics, econometrics or applied economics
Confident use of MS Office programmes
Knowledge of SQL, R or Python, as well as user-level proficiency with the INFOREX, VARITRON, CREDITON or FIS-BSM systems, is an advantage
Independent, proactive and initiative-driven approach to work
Excellent problem-solving and communication skills, with a team-player attitude
Active full-time student status, or passive student status under the age of 25
You have no more than one year remaining in your bachelor's degree (the position can also be used to complete and document a professional internship), or you are continuing your studies in a master's programme in a field such as risk management, financial investment/analysis, modelling, statistics, econometrics or applied economics
Confident use of MS Office programmes
Knowledge of SQL, R or Python, as well as user-level proficiency with the INFOREX, VARITRON, CREDITON or FIS-BSM systems, is an advantage
Independent, proactive and initiative-driven approach to work
Excellent problem-solving and communication skills, with a team-player attitude
