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Analyst - Model Developer

Tallinn, EE, 11415

Job ID: 7601 


Within Group Financial Management we are looking for individuals who will contribute towards the development of an efficient next generation of financial steering and forecasting solutions at Nordea. This is an opportunity for you to get a holistic view of the Nordea Group with regards to the strategic forecasting and interacting with key stakeholders across the Bank.

At Nordea, we see that the world is changing fast, where the Economic, Social and Corporate Governance (“ESG”) agenda is a tangible example – and we want to be one step ahead of the curve. That’s why we’re deeply committed to providing the financial solutions of tomorrow to our customers. We’re creating an agile environment where we experiment and grow together – and we need your ideas and unique background. With us, you’ll be in good company with a chance to make your mark on something bigger. 


Your future responsibilities


You will join Group Financial Management, a unit within Group Finance, more specifically within the Financial Planning & Analysis team, which amongst many things, is responsible for developing and maintaining the future forecasting models and infrastructure.

As an Analyst in the Financial Planning & Analysis team you will be exposed to the full end to end infrastructure in addition to the business logic pertaining to the forecasting model. The current team is based in Helsinki and in Stockholm and works closely with other Group Finance stakeholders within the other units of Group Financial Management, Treasury, Sustainability and Enterprise Risk Management.


What you will be doing:

  • You will be taking part in developing and maintaining the in-house Python based forecasting models
  • You will be contribute throughout the entire forecasting process (sourcing, calculation and analysis)
  • You will be involved in the strategic forecasting process, via the forecasting model, for the Group integrating the balance sheet and profit and loss forecast incorporating the key capital, funding & liquidity metrics
  • Contribute to the development of the ESG framework in the context of strategic forecasting
  • Highly involved in the analysis and requirement setting of the data sourced into the future versions of the models
  • Securing that the end-to-end infrastructure is functional and in line with Business and regulatory requirements for the future strategic forecasting tools
  • Provide support to ongoing projects and changes

The role is based in Tallinn.

Welcome to a young and driven team that currently has a unique opportunity to build the next generation of strategic forecasting tools at Nordea in Python.


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. 


Your profile and background:

  • Work well with others and always act with the customer’s needs in mind
  • Experience in setting and describing Business Requirements in addition to managing the dialogue with the IT organization
  • Strong quantitative and analytical skills with an interest in financial forecasting analysis and gaining an understanding of the business logic underpinning the forecasting model
  • Driven individual who is enjoys working with data analysis, driving the data / model development in addition to continuously supporting the solution.

Your experience and background:

  • 1 or 2 years of relevant work experience with a master’s degree in Engineering, Mathematics or Computer Science
  • Experience of working with tools such as Python, SQL, Oracle Databases and Docker EE
  • Fluency in written and spoken English


If this sounds like you, get in touch!


Next steps

Submit your application no later than 03/07/2022. For more information, you’re welcome to contact Fabio Franco, at +46721475273 or

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.


Department:  Analyst

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