Risk Management for Banking in a digital world (Master Thesis)

First step of the internship will be to understand the bank governance-risk-compliance (GRC) systems that covers a wide range of risk types, including financial, legal, natural, and regulatory risks but that usually fail to analyse new cyberrisks.

She/He will then have to identify the new set of risk that Banks have to carrefully monitor (cyber-risks) and the common risks that could be better mitigated with Advanced analytics (e.g. credit risks). 

She/He will define smart use cases to best mitigate the targeted risks while bringing high value to banks (e.g. improve debt collection programs to help identify accounts with high value-at-risk, segmenting outcomes, and developing digital tools for collections).

The student will then decide the best technology in order to identify and monitor these risks (complement solutions that ELCA already developed in the risk area or build new solutions).