Senior Lead Validator

Do you have the motivation and skills to play an important role in the Model Risk Management (MRM) team in Danske Bank? And would you like to get a solid overview of risk management? 

MRM plays an integrated and central part in Danske Banks' risk management by providing an independent view of how new and existing models are performing.

Due to the increasing scope of credit modelling, we are looking for an experienced colleague to join the organisation to strengthen the depth of our regulatory and technical expertise in credit model validation with reference to the IRB framework.  In addition to credit risk models, MRM covers all model areas in Danske Bank and thus provides a lot of opportunities for both personal and professional development.  

“We work by a high level of empowerment, so to a large extent, you will be able to influence and structure your workday and choose the tools and innovative approaches to model validation. And you will have the opportunity to work closely with colleagues in both in Vilnius and Copenhagen in a collaborative and inclusive environment,” says your future Manager, JP. 

Work across the function in Model Risk Management

As a key member of MRM, you will work in collaboration with a diverse and highly skilled group of colleagues across various functions in MRM and key stakeholders (model developers and model owners), advising on model design, implementation and performance. You will:

• You will provide guidance to the organisation in terms of best practices in the financial institutions in Denmark, Nordics and potentially Europe.
• You will coordinate projects, where you also will provide support to various teams to ensure that complex regulatory requirements are correctly interpreted and understood.
• Engage model development teams in productive dialogues to achieve a common understanding of best solutions to regulatory challenges for our organisation.
• Communicate technically challenging problems to a wide spectrum of management, clearly outlining intricacies of multiple requirements and potential ways to resolve them.
• Coach less experienced colleagues on assignments/projects to increase their understanding of best practices and possible solutions to challenges.

Having concluded, you will report and present your findings together with colleagues to relevant stakeholders, including senior management, business units and the Danish FSA (the regulatory supervisor of Danske Bank Group). And gaining experience, you will provide input to the validation process to optimise this.

Can you handle data with high quality?

We are looking for you, who is a Team-oriented person with motivation and commitment to deliver high quality on time. You are able to encourage assignments and ensure a high-quality outcome.    

Furthermore, we expect you to have experience applying your investigative skills, be proficient with data handling and be able to transform insights from statistical analysis into actionable findings – and we also hope, you bring to the team:

• University degree in a quantitative field (e.g. mathematics, physics, economics, engineering, statistics)
• Minimum 10 years of model validation and or model development experience, preferably using such analytical tools as Python and/or SQL.
• Extensive experience of validating and/or developing credit IRB models, solid knowledge of the relevant regulation and ability to interpret the requirements.
• Ability and track record of working in complex task environments.
• Upper-intermediate English, both spoken and written – and solid communication skills.

You have an interest in – and can - motivate and guide less experienced colleagues, while you pay attention to detail. If you also have the ability to meet deadlines with tight time constraints, then we cannot wait to hear from you!

Please note that we are open to offering relocation to Denmark for the right candidate. 

Caught your attention?

If you have any questions about the role, please Feel free to contact Joannes Paulus Buckens @LinkedIn – JP Buckens.

We will conduct interviews on an ongoing basis, so please apply as soon as possible. 

We look forward to hearing from you!

 

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Danske Bank is a Nordic bank with bridges to the world around us. For 150 years, we have supported people and businesses in releasing their potential. A career with us is an opportunity to join a community of 22,000 colleagues in a culture where we are committed to Teaming Up, Owning It and Being Open. Together, we are on a journey to transform Danske Bank into a better bank. For our customers, our employees and the societies around us.