Quantitative Risk Analyst with focus on validation of AI models

Job ID: 27204 

Would you like to be part of a talented team and apply your expert knowledge of AI to provide valuable insights on how to support Nordea’s safe and trusted use of AI models? We are looking for Quantitative Risk Analysts [Regular/Senior/Lead] to strengthen our validation capabilities for AI models.

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.

About this opportunity

Welcome to Model Risk and Validation. We add value by conducting independent model validation for diverse portfolio of models. Our team is looking for a new colleague who will support our validation activities, with a focus on validating AI models, in particular AI models used for financial crime compliance. 
 
You will play a key role in ensuring that models are conceptually sound and appropriate for their intended business use.

What you’ll be doing:

• Validate AI models, with a focus on models used for financial crime compliance (anti-money laundering, fraud detection models etc.)
• Conduct quantitative and qualitative analysis and document your conclusions and recommendations on how to improve the model in a report to support decision making
• Perform governance activities such as model identification and follow up on validation findings
• Challenge model developers and model owners on design and implementation of models and provide actionable feedback
• Collaborate with colleagues across the Nordea Group in reporting validation outcomes to senior management

You’ll join a team of experienced model risk experts, with a diverse quantitative background. 

The role is based in Warsaw, 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:

• Engage in a productive collaboration with model stakeholders
• Are a team player and also master working independently
• Are self-driven with ambition to deliver timely and high quality analysis
• Have an eye for detail, yet able to focus on the big picture
• Are innovative and thrive on challenging multidisciplinary tasks
• Have excellent skills in spoken and written communication in English as well as in scientific writing

Your experience and background: 

• Academic degree in a quantitative field, such as, mathematics, statistics, physics, data science  or similar from a high quality academic institution
• Expertise in AML, fraud analytics, model tuning and calibration, data segmentation techniques
• In depth knowledge of in AI and machine learning
• Experience in programming Python, but experience in other programming languages is also valuable
• Previous experience in model validations is a plus

If this sounds like you, get in touch!

Next steps

Submit your application no later than 09/12/2024. For more information, you’re welcome to contact Laura Nuccio.

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.

For candidates in Finland: A security clearance will be performed for the person selected for this position.

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

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.