Lead Quantitative Risk Analyst

Job ID: 27194 
 

Would you like to be a part of a team with experienced and talented colleagues, and to make a difference for Nordea’s credit risk models? We are currently looking for an experienced Lead Quantitative Risk Analysts to strengthen Nordea's independent model validation function.

 

About our team

 

Welcome to the Model Risk & Validation unit. We add value by advising and challenging the business areas and functions to use models within the bank’s model risk appetite.

You will join a dynamic team of experienced model risk experts with diverse backgrounds and willingness to share their expertise. We work in a cross-border team with team members in Copenhagen, Helsinki, Stockholm and Warsaw.

 

As a Lead Quantitative Risk Analyst, you will play a key role in ensuring that models satisfy internal and external standards for conceptual soundness, performance and use

 

Main responsibility in this role

• Drive the validation of existing, new and changed credit risk models, with particular focus on collective provisioning and credit risk stress testing models
• Use quantitative and qualitative analyses to identify and assess model risk
• Develop and improve methods and processes for model validation
• Communicate the outcome of our reviews to a variety of stakeholders, including senior management
• Advise and guide model developers and other stakeholders in managing model risks

 

Collaboration. Ownership. Passion. Courage. These are the values that guide us in how we work and how we make decisions – and that we imagine you share with us.

 

The role is based in Helsinki; Stockholm; Warszawa.
 

 This is the right role for you if you:

• Are confident in your analysis, but also willing to challenge your views with peers
• Engage in a productive collaboration with stakeholders including model owners/developers
• Enjoy working in a team, but also master working independently
• Have an eye for detail, yet able to see the big picture
• Have excellent skills in spoken and written communication (English)
• Effectively communicate complex topics to a variety of stakeholders

 

Your background and skills include:

• Professional track record of working with models in the financial sector, preferably models within collective provisioning (IFRS9) or alternatively IRB and credit risk stress testing models
• Academic degree– in a quantitative field, such as mathematics, statistics, finance, engineering, physics, economics or similar
• Knowledge of regulatory requirements relating to credit risk
• Programming experience preferably in Python but other programming knowledge is also valuable
• Experience in model development, validation and/or risk management from the financial industry; working in a second or third line of defence unit, or in a similar position at the regulatory authorities is an advantage

 

 

What we offer

 

People come here when they want to get somewhere. For some, it’s to take their career to the next level. For others, it’s to break new ground within their area of expertise – in other words, with us, you will always move forward. 

 

A culture that fosters performance and growth in one of the largest Nordic banks, offering various opportunities to evolve, develop and learn from brilliant colleagues with diverse backgrounds in a vibrant working environment. 

 

Hybrid working model – we believe in the value of bringing people together and at the same time we embrace the freedom of flexibility. 

 

Diversity and inclusion are a natural part of our daily work. We know that an inclusive workplace is a sustainable one. We genuinely believe that our diverse backgrounds, experiences, characteristics and traits make us stronger together. Every day we strive to find new ways to improve diversity and inclusion within our community e.g. we have signed the European Diversity Charters in the countries where we operate to show our commitment and engage with others to continue learning and improving. 

 

If this sounds like you, get in touch!

 

Next steps

Submit your application no later than 20/01/2025. For more information, you’re welcome to contact Daphne Konrad.

 

People come here when they want to get somewhere. For some, it’s to take their career to the next level. For others, it’s to break new ground within their area of expertise – in other words, with us, you will always move forward. 

 

A culture that fosters performance and growth in one of the largest Nordic banks, offering various opportunities to evolve, develop and learn from brilliant colleagues with diverse backgrounds in a vibrant working environment. 

 

Hybrid working model – we believe in the value of bringing people together and at the same time we embrace the freedom of flexibility. 

 

Diversity and inclusion are a natural part of our daily work. We know that an inclusive workplace is a sustainable one. We genuinely believe that our diverse backgrounds, experiences, characteristics and traits make us stronger together. Every day we strive to find new ways to improve diversity and inclusion within our community e.g. we have signed the European Diversity Chartersi n the countries where we operate to show our commitment and engage with others to continue learning and improving. 

 

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.