Senior Risk Expert on Internal Models Governance and Regulatory Aspects

Job ID: 18073 

We are looking for a Senior 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 and we develop, and maintain strong and regulatory compliant governance and control frameworks.

What you’ll be doing:

• Act as an expert within regulation on IRB credit risk models and IMM & IMA counterparty, and market risk regulatory models (VaR, EEPE, CVA, FRTB)
• Scan for regulatory developments (EU and Nordic) and assess their impact on Nordea’s regulatory models
• 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

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 a 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
• Thrive in a demanding environment that is constantly changing

Your experience and background:

• 7+ years of relevant working experience
• Good knowledge of IRB models or other internal models such as IMA, IMM
• Familiarity with the regulation on IRB models or other internal models such as IMA, IMM and banking regulation in general
• 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 candiadtes in Sweden only - For union information, please contact finansforbundet@nordea.se or SACONordea@nordea.com.

For candidates in Poland only - 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.