Internship Model Validation Scientist (all genders) (Wien, Austria) en Erste Group

Working with us means believing in the future; in the great people who are shaping it together every day and in the wide-ranging career paths it opens up. #believeinyourself

Erste Group was founded in 1819 as the first Austrian savings bank and today it is one of the largest banking groups in Central and Eastern Europe (CEE). As an attractive employer, Erste Group offers interesting career opportunities in an international environment.

The Model Validation unit is responsible for establishing validation methodologies and standards for AI/ML models used across Erste Group, with a specific focus on credit risk (i.e., IRB, IFRS 9, Pillar 2) and operational risk (i.e., AMA).
Its purpose is to critically and independently challenge models used for both regulatory and internal purposes.

Your Tasks

• Gain insight into the activities of the Credit Risk Models & Methods unit, with a focus on quantitative approaches such as credit risk validation, modelling, and ML/AI
• Support the preparation of validation reports for credit risk models and methodologies
• Participate in conducting quantitative and qualitative validation tests, including interpreting the results

Your Background

• Ongoing studies at a University/University of Applied Sciences with a background in Financial Mathematics, Quantitative Finance, Statistics, Physics, or AI/ML
• Strong interest in Credit Risk Management and AI/ML
• Confident in using programming languages such as SAS, R, or Python
• High level of commitment and flexibility
• Team-oriented and enjoy collaborative work
• Good command of English (working proficiency)

Our Offer

• Exciting and challenging part-time internship (19.25h/week) as of January 2026 until December 2026
• Support of your professional and personal development in a dynamic, comprehensive and interesting area
• We guarantee an internship allowance of minimum EUR 2.660,50 gross per month on a full-time basis (except obligatory internships) and benefits of Erste Group
• We consider the diversity of our employees as key to innovation and success. As employer we are proud to offer everyone equal chances, irrespective of age, skin colour, religious belief, gender, sexual orientation or origin.