Quantitative Risk Analyst (IRB)

Job ID: 26848 

Would you like to use your analytic talent and contribute to a business environment? We are now looking for a Quantitative Risk Analyst to develop new methods within the Internal Rating Based (IRB) space.

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 Quantitative Methods & Project team within Nordea Risk Models. We add value by analysing data and turning it into predictive risk models. At Nordea, we use internal models for calculating regulatory capital and these models are developed and maintained by Risk Models. As the Quantitative Risk Analyst, you’ll play a valuable role in making the data come together into new and structured insights.

What you’ll be doing:

• Develop and align new methodology and code across IRB models
• Extracting and transforming data into valuable insights
• Finding and remedying data issues by proposing a way to address them
• Presenting your work to internal stakeholders
• Driving technical projects across different IRB workstreams
• Growing into a subject matter expert

You’ll join a team with variety of backgrounds and skills in Finland, Denmark, Poland and Sweden.

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:

• Have an analytical and problem-solving mindset with an interest in code development and developing new technical frameworks.

• Enjoy working in a team, but also master working independently.

• Work well in a dynamic and constantly changing work environment with varying workload

• Have strong analytical skills and keen attention to detail with the ability to analyse complex data and processes to derive meaningful insights, yet able to see the big picture.
• Have good communication and presentations skills, you can effectively translate complex topics to a variety of stakeholders

• Are curious and proactive, focus on solutions rather than problems and share our enthusiasm for developing and learning and constantly improving your skills and competences

Your experience and background: 

• Academic degree – either at Master or PhD level – in Mathematics, Engineering, Statistics or Physics
• A coding/scripting proficiency is expected – Python/SQL/Pyspark/Hadoop skills would be seen as an advantage

• Hands on experience with data or demonstratable computing skills (data extraction and manipulation, visualisation)
• Understanding of the credit risk/IRB area, particularly working previously with credit risk would be an advantage but is not a prerequisite

• Interest in financial mathematics and statistics
• Written and spoken proficiency in English

If this sounds like you, get in touch!

Next steps

Submit your application no later than 03/01/2025.

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 Finland: A security clearance will be performed for the person selected for this position.

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

We reserve the right to reply only to selected applications.