Lead Quantitative Analyst

Helsinki, FI, 500 Oslo, NO, 0368 Stockholm, SE, 111 44 Warszawa, PL, 02-460 København S, DK, 2300

Job ID: 17320 

We are looking for a Lead Quantitative Analyst to join a high performing unit that is recognized or its professionalism, competence and capacity. The job provides a chance to work with highly skilled professionals on an exciting mix of regulatory and governance tasks pertaining to the IRB Approach of the largest bank in the Nordics.

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 the Regulation and Governance team within the Risk Models Department! We accompany the ambitious development plan for the risk models at Nordea, ensuring the adequacy with the regulatory expectations, managing the relationship with our banking supervisor. We act as subject matter experts on current and future IRB-related regulation, we ensure that  and we develop and maintain strong and regulatory compliant governance and control frameworks.


On behalf of the Group, the unit is responsible for the communication with banking supervisors (ECB, Nordics SFAs) on internal models. We act as one point of entry and exit in Risk Models department in particular for driving model approvals and material changes on models and coordinate the preparation and the execution of the off-site and on-site inspections related to internal models.

What you’ll be doing:

  • Act as an expert within regulation on IRB models.
  • Scan for regulatory developments (EU and Nordic) and assess their impact on Nordea’s IRB models.
  • Proceed to materiality assessment of models changes.
  • Help coordinate Nordea’s supervisory liaisons related to IRB models.
  • Help develop and maintain a strong governance framework, including working with policies, controls, issue management, documentation management.
  • Support Group requests in interpretation of the regulatory expectations.
  • Contribute to the team development.

In this role, you will be involved in key aspects of the bank’s IRB Approach. Depending on business needs and your level of experience, you may be asked to: advise on the interpretation of a regulatory expectation; design a governance and control framework to embed regulatory changes; draft clear and concise communication to an FSA or assess the materiality of changes proceeded by Nordea on models.


The role can be located in Warsaw, Helsinki or Stockholm preferably or any of the Nordic capitals, and you will be part of a team of dedicated professionals in a fast-paced, international environment.

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.

You may have experience from a similar role at a bank, at a regulator or from consulting.

To succeed in this role, we believe that you are:

  • Structured, analytical and self-driven.
  • Great at managing stakeholder relations.
  • An excellent writer.


And that you:

  • Love to think in terms of the ‘big picture’, yet have keen attention to detail.
  • Enjoy establishing and maintaining structured processes for the way we work and propose them “simple” and robust.
  • Thrive in a demanding environment that is constantly changing.


Your experience and background:

  • 7+ years of relevant working experience.
  • Banking awareness & economics understand.
  • Good knowledge of IRB models (or other internal models).
  • Banking awareness & economics understand.
  • Familiarity with the regulation on IRB models (or other internal models) and banking regulation.
  • A master's degree in economics, finance or similar.
  • Working knowledge of a Scandinavian language or Finnish is an advantage, but not a requirement.


Seniority of the role and remuneration will depend on the level of candidates’ experience in the relevant fields.


If this sounds like you, get in touch!


Next steps

Submit your application no later than 30/06/2023. For more information, you’re welcome to contact Benoit Roger at benoit.roger@nordea.com.

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 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: https://www.nordea.com/en/doc/nordea-privacy-policy-for-applicants.pdf.


We reserve the right to reply only to selected applications.

Department:  Credit and Risk management

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