Lead Quantitative Risk Analyst

Job ID: 25766 
 

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.

 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 will have plenty of opportunities to collaborate, grow and make your mark by delivering high quality work in a collaborative environment.

 
About this opportunity

Welcome to the Model Risk & Validation unit. We add value by independently validating Nordea’s models  and assessing the risks related to their use. 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.

What you’ll be doing:

• 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.

You will join an inclusive and 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. We provide a working environment with a balanced hybrid approach combining both collaboration in the office and remote work.

The role is based in Helsinki; Stockholm; Warszawa.

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.
 

To succeed in this role, we believe that 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:

• Professional track record of working with models in the financial sector, preferably models within collective provisioning (IFRS9) and credit risk stress testing.
• Academic degree– in a quantitative field, such as mathematics, statistics, finance, engineering, physics, economics or similar.
• Knowledge of regulatory requirements relating to credit risk.
• PMO experience.
• Proficiency in Python, SAS, SQL or similar programming language.
• 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.

If this sounds like you, get in touch!

Next steps

Submit your application no later than 20/09/2024. For more information, you’re welcome to contact Daphne Konrad, daphne.konrad@nordea.com, +45 55477615. 

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 from Sweden: For union information, please contact finansforbundet@nordea.se or SACONordea@nordea.com.

For candidates from 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.