Analyst in the Market and Financial Risk Team within Risk Management (Interest Rate Risk)

Privredna banka Zagreb d.d. is a company whose vision is to be a role model and a center of excellence in the field of financial business in Croatia. The foundation of our successful business is our employees, who actively participate in the modern development of the bank and the creation of constant change. PBZ, as an innovative and modern bank focused on internal development, provides an environment where you can develop in the direction you want. The universal way to build a career with us is no secret: through effective work, achieving goals, continuous development of competencies, responsible organizational behavior, embracing diversity, team contribution, and personal proactivity. All the prerequisites are there; it is up to you to take advantage of them.

Analyst (m/f) in the Market and Financial Risk Team within Risk Management (Interest Rate Risk)

(work location Zagreb)

Managing interest rate risk and credit spread risk in the Banking Book is one of the key areas of modern risk management, where data quality, adequate methodologies, and reliable reporting play a crucial role in the business decision-making process and meeting regulatory requirements. We are looking for an analytical, proactive, and motivated person to join the financial and market risk team and actively participate in the development and improvement of risk management processes.

The selected candidate will participate in:

• measuring, monitoring, and reporting key indicators of interest rate risk and credit spread risk in the Banking Book (IRRBB and CSRBB)
• identifying, measuring, and monitoring risk sources and developing methodologies, analyses, and reports that support the assessment of the Bank's exposure to the aforementioned risks
• preparing sensitivity analyses, scenario analyses, and stress testing to assess the impact of interest rate and credit spread changes on the Bank's risk profile
• preparing, validating, and analyzing data that serves as the basis for calculating risk indicators, developing models, and internal and regulatory reporting
• preparing regulatory and internal reports for the needs of the Management Board, the Group, and competent regulatory bodies, as well as interpreting results and key risk trends
• monitoring regulatory requirements and analyzing regulatory changes and internal initiatives related to the field of financial risks
• analyzing, defining requirements, testing, and implementing new reports, analytical and data solutions, as well as functionalities and methodological solutions in internal applications for measuring, monitoring, and reporting on financial risks, and ensuring their compliance with business and regulatory requirements
• establishing and developing a data management framework by defining data rules, conducting data quality controls, identifying data anomalies, analyzing the causes of deviations, and coordinating activities and proposing measures for their timely resolution and improvement of data quality

With at least two years of work experience in the same or similar jobs, we expect the following from the candidate for this position:

• completed degree in mathematics, economics, or information technology
• basic knowledge of banking business, products, and key processes, as well as the regulatory framework related to financial risk management
• experience working with databases and processing and analyzing large datasets
• understanding of EBA and ECB regulatory requirements in the field of financial risks
• advanced use of MS Excel tools
• good knowledge of SQL or related data manipulation tools
• knowledge of programming languages (SAS, Python) is desirable
• active knowledge of English in speech and writing

In addition to a demonstrated readiness for continuous acquisition of new skills and knowledge, ideal candidates demonstrate:

• strong analytical skills and a critical approach to problem-solving
• independence, responsibility, and reliability in task execution
• a proactive approach and initiative in improving processes and methodologies
• focus on quality, results, and continuous improvement of work
• ability to analyze large amounts of data while noticing key details and trends
• developed communication and presentation skills
• ability to effectively collaborate with different organizational units and stakeholders
• inclination towards teamwork, knowledge sharing, and achieving common goals

What do we offer?

• Career advancement opportunities and professional development

• dynamic and motivating environment

• challenging projects

• professional courses, seminars, internal development modules

• Work-life balance and care for employees

  • remote work
  • systematic medical examination as part of a supplementary health insurance policy
  • corporate kindergarten with subsidy
  • day off for your birthday
  • PBZ standard sports association and MultiSport card
  • PBZ book club

• Occasional bonuses, gifts for children, cash rewards

You can read more about a career at the PBZ Group on our corporate website.

We invite interested candidates to apply for the open position.

At Privredna banka Zagreb, we recognize your talent, provide you with top conditions for professional development, and want to create new value together with you. If you are ambitious and motivated and want to take a challenging step in your career – contact us. People make PBZ.