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Risk Model Development Specialist

Company:  ALPHA BANK
Date:  20 Oct 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.
  • Support the development and enhancement of ESG and climate risk analytics, collaborating with ESG Risk Management and other stakeholders to assess, monitor, and integrate ESG-related risks into the Bank’s risk measurement and management processes.
  • Work closely with the Bank's business areas to develop and build statistical models that enhance the effectiveness of risk management processes.
  • 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 participate in model reviews.

 

What you need to have

 

 

  • A Bachelor's degree in Statistics, Informatics, Mathematics, Actuarial Science, Finance, or a related field.
  • A Master’s degree in Risk Analytics & Modelling, Engineering, Mathematics, Operational Research, Information Science, or a related field (desired).
  • A minimum of three (3) years of working experience in Risk Modelling.
  • Proficiency in statistical and data analysis tools, with hands-on experience in programming languages such as SAS, Python, and/or R, for model development, validation, and analytical purposes.
  • Previous experience in ESG analytics, climate risk, sustainability-related reporting, or ESG risk management frameworks will be considered an asset.

 

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.

Apply now »