Risk Model Development Specialist

Company: ALPHA BANK

Date: 1 Jul 2026

Location:

ΑΘΗΝΑ, GR

At Alpha Bank we are shaping the future of banking in Greece.

Through our large-scale Transformation Program, we are changing the way we operate, the way we deliver results and the way we service our Customers.

We understand our Customers’ needs and design experiences around them.
We work in partnership and invite diversity of skills and perspectives.
We are forward-thinking and drive continuous improvement.
We make things happen; we execute quickly and focus on what is essential.

If you are a change enthusiast who sets ambitious goals and works with a sense of purpose, we want to get to know you!

Join our team #AlphaBank

#WeAreAlpha #EnablingProgress #AlphaCulture #ValuesThatLead #OneTeamOnePurpose

Purpose

As a Risk Model Development Specialist, you are responsible for participating in the design and development of specialized models for measuring the Risk of the Bank.

What you will be doing

Collaborate with business areas of the bank to assist in the design and methodological development of risk models.
Participate in the research, development, and implementation of risk measurement and assessment methods at the bank level.
Work closely with the Bank's business areas to develop and build statistical models that enhance effectiveness of risk management processes.
Maintain the register of Risk Measurement Models (Model Registry) and classify them according to the relevant directives or framework established by the bank for model risk management.
Collaborate with IT functional areas to define and document the IT requirements for all risk models, ensuring that they are effectively integrated into the bank's systems and infrastructure.
Check the performance of risk models, focusing on their accuracy, predictive ability, and parameter stability.
Assist in stress tests related to the Bank's risk parameters, which are crucial for evaluating its ability to withstand adverse scenarios and market conditions.
Assist in the model monitoring process and participates in model reviews.

What you need to have

A Bachelor's degree in Statistics, Informatics, Mathematics, Actuarial Science, Finance or related field.
A Master’s degree in Risk analytics & Modeling, Engineering, Mathematics, Operational Research, Information Science or related field (desirable).
At least five (5) years of experience in Risk Modeling.
Credit Risk Analysis Professional Certification

What we offer

It’s all about our people. At Alpha Bank, you will enjoy:

A friendly and collaborative working environment that supports taking initiative and action
A culture that centers around learning and continuous development and encourages everyone to bring their best self to work
The opportunity to challenge your thinking through your participation in complex tasks and transformation projects
Being part of a large organization with a leading role in the Greek economy and a strong presence in the community
Flexible working options
A competitive salary and benefits

All applications will be acknowledged and treated in utmost confidence.