Quantitative Risk Analyst with focus on Stress testing

Job ID: 26570 

We are looking for a Quantitative Analyst, all seniorities.

At Nordea, we’re committed to being a partner our customers and society can count on. Compliance and integrity go hand in hand. Joining us means you’ll have an impact on how we do banking – today and tomorrow. So bring your ideas, skills and unique background. With us, you’ll be in good company with plenty of opportunities to collaborate, grow and make your mark on something bigger.

The job provides an exciting mix of challenges, where different areas of knowledge and skills shall be employed: working with big data, develop credit risk models, analyzing economic behavior, understanding and abiding to regulatory constraints and further, to explain complex models to stakeholders on all levels across the Bank. You will join a highly professional and dedicated team with a large network across the bank and with excellent opportunities for personal and professional growth.

About this opportunity

Welcome to the Collective Impairment Models team in Risk Models in Group Risk. Working with us, you will be part of an important journey, which consists of upscaling Nordea’s stress testing models and frameworks. You will cooperate closely with your colleagues across the bank and you will have great possibilities to develop your skills within credit risk area – a field which is in high focus in Nordea.

What you’ll be doing:

• Developing quantitative credit stress testing models for all Nordea portfolios
• Defining solutions and stress testing frameworks ensuring internal consistency
• Developing a simulation tool in Python to understand impact from stress testing scenarios
• Building strong relationship with different stakeholders within and outside the bank
• Providing sharp data analytics to contribute to key decisions

You will join an open and inspiring atmosphere in a team, where we value being good colleagues. Your work life balance is important to us. We offer flexible working hours, remote work, generous leaves (including parental), time off and time to take care of sick children. 

The role is based in Warszawa, Helsinki or Stockholm.

Who you are

Collaboration. Ownership. Passion. Courage. These are the values that guide us in being at our best – and that we imagine you share with us.  

To succeed in this role, we believe that you:

• Show quantitative analytical capability, proactivity and problem-solving skills. You are comfortable working with large datasets and enjoy finding solutions to loosely defined problems
• Are a team player and can work closely with stakeholders from different parts of the bank
• Can prioritize what is most important and are committed to deliver high quality on time
• Are dependable, willing to speak up even when it’s difficult

Your experience and background: 

• An academic degree (MSc or PhD) within a quantitative field, including but not limited to statistics, mathematics, economics or engineering
• Proficiency with programming languages such as Python, SQL, PySpark or similar
• Experience working with data and models
• Good knowledge of IRB/IFRS9 models is an advantage
• Credit risk stress testing experience is an advantage

If this sounds like you, get in touch!

Next steps

Submit your application no later than 03/11/2024. For more information, you’re welcome to contact Artur Kransengren at artur.kransengren @nordea.com. 

At Nordea, we know that an inclusive workplace is a sustainable workplace. We deeply believe that our diverse backgrounds, experiences, characteristics and traits make us better at serving customers and communities. So please come as you are.

Please be aware that any applications or CVs coming through email or direct messages will not be accepted or considered.

Only for candidates in Sweden: For union information, please contact finansforbundet@nordea.se or SACONordea@nordea.com.

Only for candidates in Poland: Please include permit for processing personal data in CV as following:

In accordance with art. 6 (1) a and b. Regulation (EU) 2016/679 of the European Parliament and of the Council of 27 April 2016 on the protection of natural persons with regard to the processing of personal data and on the free movement of such data, and repealing Directive 95/46/EC (General Data Protection Regulation) hereinafter ‘GDPR’. I agree to have: my personal data, education and employment history proceeded for the purposes of current and future recruitment processes in Nordea Bank Abp.

The administrator of your personal data is: Nordea Bank Abp operating in Poland through its Branch, address: Aleja Edwarda Rydza Śmiglego 20, 93-281 Łodź. Your personal data will be processed for the recruitment processes in Nordea Bank Abp. You have a right to access your personal data, right to rectify and right to delete. Disclosing the personal data in the scope specified by the provisions of Polish Labour Code from 26 June 1974 and executive acts are mandatory. Providing personal data is necessary to conduct the recruitment processes. The request for the deletion of your personal data means resignation from further participation in recruitment processes and causes the immediate removal of your application. Detailed information concerning processing of your personal data can be found at: nordea.com/en/doc/nordea-privacy-policy-for-applicants.pdf.

We reserve the right to reply only to selected applications.