(Senior) Quantitative Risk Analyst - Credit Risk Stress Testing

Job ID: 5371

We are looking for a Senior Quantitative Risk Analyst to execute and develop credit risk stress test exercises, analyze stress test impacts on Nordea's credit portfolios, and ensure proper control and review processes through a full-time permanent employment agreement.

About our team

Meet the Credit Risk Stress Testing team. Our role is to assess credit risk capital requirements and loan loss development under adverse economic and climate scenarios to support key business decisions.

Our team plays a crucial role in the bank's risk management framework, operating across Nordic capitals and providing essential input to business processes. We work in a fast-paced environment where AI and automation are highly valued to enhance our analytical capabilities and deliveries.

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.  

What you’ll be doing

Main responsibilities in this role:

• Execute external and internal credit and climate risk stress test exercises.
• Perform in-depth analysis on credit portfolios and stress test results, presenting findings to senior stakeholders, committees, and regulators.
• Develop AI capabilities and tools to increase quality and understanding of stress testing processes.
• Ensure strong feedback loops between control processes and model development, contributing requirements for model lifecycle management.
• Work on high-priority bank projects including ESG risk, EBA, and ICAAP stress test exercises.

Who you are

This is the right role for you if you like to get things done and can translate challenges into concrete action plans. You demonstrate strong quantitative analytical capabilities, proactivity, and problem-solving skills. You're comfortable working with large datasets and enjoy finding solutions to complex, loosely defined problems. You're a collaborative team player who can work effectively with stakeholders across different parts of the bank. You thrive in fast-paced environments while maintaining quality standards and are honest, reliable, and willing to speak up when necessary.

Your background and skills include:

• Master's degree in a quantitative field (statistics, mathematics, finance, accounting, economics, or engineering).
• Strong analytical and technical skills for working with large, complex datasets.
• Ability to deliver high-quality work on time in a fast-paced environment.

It would be ideal if you also:

• Have knowledge in credit risk modelling (PD, LGD, EAD) and credit risk stress testing.
• Possess experience with AI tools and development in Python, SAS, or SQL.
• Have strong macroeconomic competence.

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 31/07/2026.

For more information, you’re welcome to contact Fredrik Nilsson, Head of Credit Risk Stress Testing at nils.fredrik.nilsson@nordea.com.

We enable dreams and aspirations for a greater good.

We build relationships. We add a personal touch to everything we do – when advising our customers, collaborating with colleagues, and meeting our potential candidates.

We learn and develop. We take pride in being experts and thinking ahead. We use our expertise to meet our customers’ needs, from the simplest to the most complex. We bring a growth mindset to our work that enables us to focus on a broader perspective in our daily challenges.

We lead change. We are responsible and aware of the impact of our decisions, both for our customers and for our local and global communities. Mindful of our responsibility towards current and future generations, we have made sustainability an integrated part of our business strategy.

We are Nordea. We have a 200-year history of supporting and growing the Nordic economies and our values are deeply rooted in these open, progressive and collaborative societies. As one of the biggest employers in the Nordics, Poland and Estonia, you have excellent opportunities to evolve, develop and move forward with us.

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

Only for candidates in Sweden: For union information, please contact Finansförbundet at finansforbundet@nordea.se or SACO at SacoNordea@nordea.com.