Head of LGD/CCF Models within Risk Models Methodology & IRB Models

Job ID: 23019 
 

We are looking for a Leader for the LGD/CCF (Loss Given Default and Credit Conversion Factor) Models team within Risk Models Methodology & IRB Models at Nordea. 

Working with us, you will be part of one of the most important programs for the bank, which consists of upscaling Nordea’s internal models for credit risk. You will join a highly professional and dedicated management team with a large network across the bank and with excellent opportunities for personal and professional development.

At Nordea, we’re committed to being a partner to 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 Risk Models Methodology & IRB Models team. Our role is to develop and maintain Nordea’s Internal Rating Based credit risk models.  We strive to develop models that in the best possible way reflect the risks of the covered portfolios, live up to supervisory requirements and provide accurate basis  for credit decisions.

You have an opportunity to become a Head of the LGD & CCF Models team. The team is a group of highly proficient and motivated experts working on developing and maintaining statistical risk models for the LGD and CCF factors for both the Retail and non-Retail customers in Nordea. In practice this means that you will have an opportunity to work with all customers segments. This team of circa 15 analysts operates at the crossroads of different skill sets: developing advanced statistical models, applying knowledge and insights from analysing customers in default into the model design, designing internal software libraries, working with big data, analysing economic behaviour, understanding and abiding to regulatory constraints and further, to explain complex models to stakeholders on all levels across the Nordea organisation.

As a Leader in this area you will have great possibilities to develop your skills in the development of advanced modelling techniques and in translating the benefits of these models and of data quality to a diverse set of stakeholders in the organisation, as well as to external regulators. Being part of the broader Group Risk, you'll help to ensure that compliance underpins every decision we make and every action we take. We hope that you will bring your perspectives to the team and through your focus on quality and cooperation you will play the important role in our unit.

What you’ll be doing:

• Give input to senior management and business based on data analysis and previous experience.
• Plan projects and the activities for a team of specialist model developers.
• Continuously work on improving methodological choices for the models and be able to clearly communicate its rationale and impact to internal and external stakeholders.
• Support design decisions for rating models in other modelling areas you’re your knowledge and through constructive challenge.
• Prioritise activities and ensure these get completed under tight deadlines.
• Ensure that the products delivered in the team and their documentation adhere to the standards expected by internal and external oversight.

The role is based in Stockholm, Warsaw, Copenhagen or Helsinki.

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:

• Enjoy learning and are excited about bringing your ideas to the table.
• Are dependable, willing to speak up even when it’s difficult.
• Are committed to empowering others.

Your experience and background:

• Master's or PhD degree in a quantitative field, including but not limited to mathematics, physics, economics, statistics, finance, or similar.
• Knowledge of IRB models strongly preferred.
• Experience with a regulatory application process would be an advantage.
• Strong focus on results and deliveries.
• Experience driving deliveries, ideally in an agile environment.
• Knowledge of credit risk management and hands on experience with the credit approval process for corporate counterparties is an advantage.

If this sounds like you, get in touch!

Next steps

Submit your application no later than 30/04/2024. For more information, you’re welcome to contact Nino Cutic.

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.

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 finansforbundet@nordea.se or SACONordea@nordea.com.

Only 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.