Senior Data Scientist for Stress Testing the Credit Portfolio Losses

Join our collaborative team driving the Stress test calculations on loan losses at Danske Bank. We are responsible for maintaining and operating a suite of models utilized by several departments across the bank.

A key aspect of the role is the ability to aggregate and present model outputs in a clear and understandable manner. Our team also supports the strategic risk steering of the bank through quantitative analysis, including setting risk tolerance levels to protect the bank against severe losses and conducting ‘what if’ analyses such as scenarios involving the return of inflation, increasing interest rates, and decreasing house prices.

You will join a friendly team of eight data scientists with diverse quantitative backgrounds. Half of the team is based in Copenhagen, while the other half works from Vilnius..

"Depending on your experience and knowledge, we may offer you different seniority of the role.

You will:

• Co-own the continuous development and optimization of the bank’s stress test models in Python
• Engage with stakeholders and continuously improve the understanding and presentation of model outputs
• Deliver input to the dialogue with the bank's auditors, model validators, external audit, and regulatory authorities

The tasks of the team are varied and model-centric, and we value the diverse skills each team member brings. If you are passionate about data science and are ready to embark on your career with us, we encourage you to apply.

About you:

• Proficiency in Python
• Experience in presenting and visualizing complex data to stakeholders
• Experience in working with Amazon Web Services (AWS) cloud-based setups
• A solid quantitative background
• Proactive mindset with great collaboration and communication skills
• Analytical skills with the ability to communicate technical information in a non-technical and concise manner
• Banking experience is welcome but not essential; however, a genuine interest in exploring the fascinating world of banking is expected
• Experience in building and operating models is highly valued

“We invite candidates with a degree in a quantitative field to apply, even if you do not meet every skill listed. Your enthusiasm and potential could be exactly what we need.”

We offer:

This position can be located both in Lithuania and Denmark. If you are hired in Lithuania, the applicable salary range will be from 3280 to 4920 EUR monthly (based on your competencies relevant for the job)

Additionally, each Danske Bank employee receives employee benefits package which includes:

• Growth opportunities: professional & supportive team, e-learnings, numerous development programs; (incl. professional certificates); 100+ professions for internal mobility opportunities.
• Health & Well-being: a diverse, inclusive, work & life balance work environment; additional health insurance; mental well-being practices; partial psychologist counselling compensation; silence and sleep zones at the office; game rooms.
• Hybrid working conditions: Work from home up to two days a week; home office budget (after the probation period); modern Danske Campus workplace developed with anthropologist for the best employee experience.
• Additional days of leave: for rest, health, volunteering, exams in higher education institutions, and other important activities. Moreover, for seniority with Danske Bank.
• Monetary compensation package: accidents & critical diseases insurance; financial support in case of unfortunate events, travel insurance; III rd Pillar Pension Fund contribution.

See all the benefits HERE.

Your title in job contract will be Data Scientist, Senior.

Feel free to contact me @LinkedIn if you have any questions! Lars Thejls Aagaard, Head of Portfolio Intelligence, FVP at Danske Bank

#LT

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.