Quantitative Analyst, Model Monitoring and Performance [Regular/Senior]

Job ID: 2618

Quantitative Analyst, Model Monitoring and Performance [Regular/Senior] (permanent position)

Are you a quantitative analyst with a knack for navigating complex databases and producing clear analysis? Do you have knowledge of, interest in or even experience with IRB, IFRS9 or similar models? Then this opportunity may be for you! We’re looking for a Quantitative Analyst to join the Model Monitoring and Performance team within Risk Models.

About our team

Meet the Model Monitoring and Performance team. Nordea are currently developing a suite of new, state-of-the-art IRB and IFRS9 models. Our role is to ensure that the new models’ performance is continuously scrutinized, and for identifying any issues arising within them. Our key stakeholders are model developers, model users in Business and Senior Management.

As the (Senior) Quantitative Risk Analyst in Model Monitoring and Performance, you’ll work with an inspiring, competent and creative group of professionals in an international environment. In your daily job, you’ll be applying your quantitative and data analysis skills to communicate clearly and concisely about model performance to model developers and senior management. You’ll mainly be working in Python and Snowflake, but SAS, R and other tools may be used here and there.

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.  

Main responsibilities in this role:

• Quantitative analysis of model performance for all components of IRB and IFRS9 models (PD, LGD, EAD), and potentially other models.
• Communicating conclusions of your analysis to model developers and Senior Management – in reports and meetings.
• Developing, maintaining and operating the IRB and IFRS9 model performance monitoring frameworks.
• Assessing and verifying regulatory compliance in relation to models.
• Collaborating with a variety of stakeholders including risk management, model development, model validation and model users across the bank.

Who you are

This is the right role for you if are:

• Are driven by a desire to know more.
• Love to make sense of data.
• Are self-driven and take ownership.
• Find it easy to understand others, and make yourself understood by others.
• Love to think in terms of the big picture, but know that the devil is in the details.
• Enjoy learning, and are excited about bringing your ideas to the table.
• Are honest and reliable, and willing to speak up even when it’s difficult.

Your background and skills include:

• Master’s in a quantitative field such as mathematics, engineering, econometrics, data science, finance, or similar.
• Excellent communication skills (English is the working language).
• Sound knowledge of applied mathematical modelling and a proven track-record of excellent quantitative skills.
• Proficiency in Python and SQL.
• Knowledge of (or interest in) IRB, IFRS9 or similar models – actual experience is a definitive plus.

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 15/03/2026. For more information, you’re welcome to contact Rene Eriksen at rene.eriksen@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.