Mediobanca is the leading investment bank in Italy. Internationally our footprint includes branches in London, Madrid, Paris and New York. Since Mediobanca was founded in 1946, we have been helping Italian businesses growth with premier advisory services and a complete range of credit solutions, offering customized services and the most sophisticated solutions on financial markets, from advisory to lending, capital markets to specialty finance. With our long-standing presence, solid market position, distinctive specialization, excellent service quality and professionals of the finest calibre, Mediobanca’s corporate customers know they can count on the excellence and exclusivity that have earned us an impeccable reputation over time. Our clients include some of the leading business groups in Italy, plus a significant number of mid-size corporates, to whom we have devoted particular attention over the past ten years. Increasing focus is also being placed on our international clients, for both their cross-border needs and domestic operations. We have introduced new products and targeted new clients in order to meet the challenges posed by today's highly competitive financial markets. As ever it is our clients, along with our professionals and the soundness of our finances, which represent the core values of Mediobanca.

Mediobanca is looking for a candidate to join the Internal Validation & Control unit within the Risk Management department.

The successful candidate will be mainly involved in the validation of credit risk models (PD, LGD and EAD models, IFRS 9’s impairment methodologies and macroeconomic models) used for regulatory (IRB) and managerial purposes on Corporate and Retail portfolios. The candidate will assess through independent challengers, qualitative and quantitative/statistical analyses the model conceptual soundness and performance, ensuring adherence to regulatory requirements, accuracy of estimates and alignment with industry best practice. All testing and findings are to be documented in validation reports, including recommendations for model improvements, for subsequent sharing with interested parties, corporate bodies and with the European Central Bank.

Requirements:

• At least 2 years of experience in model development or validation, gained in primary financial institutions or consulting firms;
• Degree in mathematics/statistics/econometrics (or equivalent) with a strong quantitative background, including knowledge of statistical inference, modeling techniques and hypothesis testing;
• Up-to-date knowledge of the regulatory framework (Basel III/IV, EGIM, EBA GLs);
• Good knowledge of programming languages - such as SAS, R, Python and SQL - and MS Office Suite (proficient in Excel), with strong data handling skills;
• Fluency in Italian and English (written and oral).

Diversity & Inclusion are core values for the Mediobanca Group. All applications are welcome; we value age, background, ability, personal orientation and gender expression diversity.