Apply as Intern Credit Risk Modelling (f/m/d)

General Information

Job ID

92376

Company

HypoVereinsbank - UniCredit Bank GmbH

Competence Line

Risk Management

City

Munich

Country

Germany

Job Type

Working Students, Interns & others

Functional area

Risk Management

Working time model

Full-time

Type of contract

Internship

Start date

01.06.2026

Duration

6 Month

Contact

Dr. Anastasios Maligkris

Our Credit Risk Modelling division plays a key role in shaping the bank's risk landscape. We are responsible for designing rating processes and developing internal rating systems that accurately estimate the probability of default, exposure at default, and loss given default, in full compliance with ECB regulations. Additionally, we oversee the modelling of Generalized Loan Loss Provisions in accordance with the IFRS 9 accounting standard, as well as models outside the scope of Basel Pillar 1. We operate in a dynamic, international environment where attention to detail is essential. Our team values precision, collaboration, and innovation in tackling complex risk challenges.

What you'll be doing

Actively contribute to current model development projects by supporting senior colleagues, conducting statistical analyses independently, and assisting with the evaluation and interpretation of results. Participate in the re-parameterization of existing models and ensure documentation using i.a. LaTeX. Automate recurring tasks such as data extraction, reporting and monitoring processes.

What you'll need to succeed

• Ongoing studies in Data Science, Statistics, Information Technology, Economics, or Finance with a strong quantitative focus, ideally with a specialization in banking or insurance.
• Prior work experience in the banking or insurance sector is a plus.
• Solid foundation in statistics, mathematics, particularly in numeracy, optimization, and stochastic processes.
• Strong affinity for numbers, analytical thinking, and quick comprehension of complex topics.
• Programming skills are required (e.g. Python, R); the specific language is not critical, but the ability to code is essential.
• Prior knowledge of SQL and SAS and familiarity with LaTeX for technical documentation are a plus.
• Excellent command of written and spoken English.
• Strong teamwork and communication skills. Ability to work independently, with a solution-oriented and structured approach.

What you'll get in return

• #UnleashYourPotential - With us, you are guaranteed a steep learning curve. In your multifaceted internship, you can supplement your theoretical knowledge from your studies with practical insights and thus find out where your passion lies.
• #EnjoyNetworking - From day one, you will be part of a vibrant community and a great team that supports each other. In addition to your day-to-day job, numerous events await you where you can make contacts in all areas and divisions of the bank.
• #BalanceYourLife - Digitization and flexibility shape our modern working world. Design your working life with flexitime the way it suits you best: Whether in the office or remotely.
• #MakeInnovationHappen - FinTechs, Big Data, Bitcoins: Banking is evolving rapidly. Actively shape the digital transformation of one of the most change-driven industries by contributing your fresh perspective and innovative ideas.
• #LiveOurCulture - We don't just accomplish our work, but experience and shape it together. As a real team, we communicate at eye level #CallMeByMyFirstName, value every opinion and are convinced that success is based on people empowerment.
• #EmpowerCommunitiesToProgress - We are committed to sustainable and social values: Social Impact Banking and Sustainable Finance are part of our DNA. Because for us, creating value means more than just creating financial value.
• #ComeAsYouAre - We actively promote fairness and inclusion and create equal opportunities for all colleagues. By signing the "Charta der Vielfalt" and the Valuable 500, we clearly commit to diversity and inclusion. Our employee networks foster open exchange, because we firmly believe diversity is a key success factor. The individual strengths and experiences of our colleagues are our most valuable asset - and our competitive advantage.

During your internship, you will receive a monthly compensation of EUR 2,400 gross based on full-time employment, which meets at least the applicable statutory minimum wage. This applies regardless of whether the internship is mandatory or voluntary.

About UniCredit Group

UniCredit is a pan-European Commercial Bank with a unique service offering in Italy, Germany, Central and Eastern Europe. Our purpose is to empower communities to progress, delivering the best-in-class for all stakeholders, unlocking a better tomorrow for our clients and our people across Europe. We serve over 15 million customers worldwide. They are at the heart of what we do in all our markets. Digitalisation and our commitment to ESG principles are key enablers for our service. They help us deliver excellence to our stakeholders and creating a sustainable future for our clients, our communities and our people. We are an equal opportunity employer. We stand together in nurturing a workplace that welcomes diverse thinking and inclusive behaviors. Making all voices heard and leveraging "diversity of thought" regardless of gender identity, age, race, ethnicity, sexual orientation, ability, cultural background, we ensure sustainable growth and new business opportunities, a strong drive for innovation and creativity, as well as a general improvement of the work climate with positive impact on productivity, well-being and engagement of our people.