Financial and Actuarial Mathematics, TU Wien, Austria TU Wien FAM


Credit Risk Validation

Financial Risk Management GmbH (FRM) is a 100% subsidiary of UniCredit Bank Austria AG and is engaged with Risk management-resolutions, in collaboration between experts from both, risk management of Bank Austria Group and software development.

Adequately managing the credit risk of a bank requires, first and foremost, appropriate risk measurement tools and systems that properly estimate the credit risk parameters (PD, LGD, EAD). Credit risk validation ensures that rating systems comply with regulatory and internal requirements.

In Vienna we’re looking for a part-time employee (10-15 hours per week) who supports the validation of credit risk models.

You are part of a highly motivated team, which is ready to take personal responsibility. The activity within FRM has a strong connection to the credit risk validation team of UniCredit Bank Austria AG.

Job description:

  • Support of the validation activities
  • Performance of statistical tests
  • Interpretation of test results
  • Recommendations for further model development

Student requirements:

  • Solid knowledge in statistics or mathematics (Bachelor in mathematics/physics an advantage)
  • Very good analytical skills
  • Interest in risk management
  • Fluent in English and German
  • Commitment, flexibility and teamwork

For this position the salary based on the collective agreement is around € 32.023 yearly (on full time basis). The effective salary is based on the candidate's qualification and experience, and will be negotiated accordingly.

Please send your application to
Laszlo Erdelyi,
Financial Risk Management GmbH,
Julius-Tandler-Platz 3, 1090 Wien,
or via email to

Bei der Bewerbung bitte auf die FAM-jobs Seite verweisen.