Trainee Credit Risk Modelling (m/f/d) - Unicredit Graduate Program

The “UniCredit Graduate Program” is how you kickstart your career through a stimulating and exciting journey in one of Europe's leading financial institutions. Our 12 months rotation-based graduate program offers the opportunity to work in forward-thinking, international, and supportive environment where you can learn, grow, and thrive while making an Impact and empowering communities to progress. Within our division "Strategic, Credit & Integrated Risk," we are responsible for "Credit Risk Modelling" - This includes the design of rating processes, the modelling of rating systems, and their implementation. We provide the tools to keep the bank's credit risk under control. Our goal is to accurately estimate counterparty default risk, loss given default, and exposure at default, while always keeping regulatory requirements in mind. In doing so, we rely on innovative modelling and digitalization approaches. An international, dynamic environment and a detail-oriented working style characterize our area.
The 12-month trainee program in the " Credit Risk Modelling " department, with a focus on rating methodologies, offers you an attractive entry into your professional career. At the beginning of the program, we will design your individual development plan and jointly define the specific stations and focus areas of your training.
Through active involvement in a wide range of topics, you will gain a broad overview of our responsibilities as the team in charge of local rating models. In addition, a personalized rotation plan will give you exciting insights into other areas of the Chief Risk Office and other divisions. In addition you will have the opportunity to absolve an international rotation and build up an international network. This way, you’ll gain a diverse and holistic understanding of various risk management topics and the workings of a bank. You can look forward to an exciting time where you’ll learn a lot from an experienced team—and no day will ever be boring.
You will fit in perfectly with us and our culture if you identify with the values of Integrity , Ownership and Caring paired with the Power Skills of an Agile Collaborator, a Passionate Explorer, and a Proactive Entrepreneur. You also match with the following requirements:

- You hold a degree in Statistics, Mathematics, or Economics with a quantitative focus, ideally with specializations in Banking, Insurance, Data Analytics, or Data Science—and excellent academic results.
- You’ve already gained initial practical experience in a financial institution.
- You enjoy working with numerical methods, optimization, and stochastic processes—they excite you rather than intimidate you.
- You’re enthusiastic about working in an international team and confident in presenting your own work results.
- You’re looking for a role that allows you to work independently, with clear goals and a structured approach.
- A strong affinity for numbers, analytical thinking, and quick comprehension are your superpowers.
- Knowledge of SQL, SAS, and LaTeX is a plus.
- You’re fluent in English, written and spoken

- #ComeAndStay – With us, you will receive a permanent employment contract from day one.
- #GrowAndExcel – Within your individually designed and diverse graduate program you will continuously develop. A steep learning curve, comprehensive qualification opportunities, strategic development programs and personal mentoring prepare you for your target position and provide your career with a long-term perspective.
- #EnjoyNetworking – Dive into a network full of opportunities and connect with colleagues across all areas and divisions of the bank – even internationally. Become part of our global graduates’ community and uncover the diversity of UniCredit. Your everyday job will be enriched by numerous inspiring local and global events, regular get-togethers, and exciting encounters with management.
- #DesignYourWorkingLife – Digitization and flexibility shape our modern working world. Design your work routine the way it suits you best: Whether it's in the office, remote within Germany, or abroad from another EU country. Looking to travel for longer? Take a sabbatical and explore the possibilities of New Work with us.
- #LiveOurCulture – We don't just accomplish our work, but experience and shape it together. As a real team, we communicate at eye level #CallMeByMyFirstName, value every opinion and are convinced that success is based on people empowerment.
- #ThinkEuropean – We are not only one of the largest financial institutions in Germany, but as part of UniCredit we are also internationally active and successful. With us, you can expect a pan-European company with regional ties as well as stimulating career opportunities in the world's most exciting cities.
- #MakeInnovationHappen – FinTechs, Big Data, Bitcoins: Banking is evolving rapidly. Actively shape the digital transformation of one of the most change-driven industries by contributing your fresh perspective and innovative ideas.
- #DontStopMoving – Enjoy the flexibility of Wellhub: Across Germany, you have access to a comprehensive network of sports, leisure, and wellness facilities. You also benefit from an international partner network that gives you access to offers around the globe. Since movement represents both health and sustainability for us, we provide you with the opportunity to lease a JobRad on attractive terms and to use the Deutschlandticket under discounted conditions. In this way, we support you in maintaining an active lifestyle while promoting environmentally friendly and cost‑efficient mobility.
- #CareNowForLater – Retirement is still so far away for you? Nevertheless, retirement planning is a topic that you should already be dealing with now and that is at least as important as monthly salary payments. We will continue to take care of you in the future and support your financial provision for retirement from day one.
In the UniCredit Graduate Program Germany , you can expect an attractive fixed annual base salary from €59,761 gross , based on full-time employment and aligned with your academic degree.
Your remuneration is determined in accordance with the provisions of the applicable collective salary agreement for the private banking sector and is based on the following grading:
- Bachelor’s degree: pay group 6/11th professional year
- Master’s degree: pay group 7/11th professional year
- Doctoral degree (PhD): pay group 8/11th professional year
The target salary consists of two components: the annual base salary (as outlined above), paid in 13 monthly installments , and a variable bonus payment . The variable bonus payment is based on one monthly gross base salary and will be adjusted by the company’s success and your individual performance contribution.

UniCredit is a pan-European leading commercial bank providing best-in-class solutions and services across Italy, Germany, Austria, and Central and Eastern Europe. Our Vision is to be the Bank for Europe's Future. Our Purpose is to Empower Communities to Progress, delivering the best-in-class products and services for all stakeholders, unleashing the potential of our people and our clients across Europe. We serve over 20 million clients, supported by three Group product factories — Corporate, Individual and Payment Solutions — that ensure best-in-class expertise and scalable solutions across all markets. Our integrated model combines local proximity, deep client understanding and Group-wide capabilities, enabling seamless service and outstanding client experience. Digitalisation, operational excellence and a strong commitment to ESG principles underpin our journey, helping us deliver sustainable long-term value for clients, communities, employees and shareholders. Our shared Culture unites our people across all countries, empowering teamwork, driven execution and ambition through Ownership, Integrity and Caring.