Head of Wholesale IFRS 9 and EWI Models

Job ID: 5070

Head of Wholesale IFRS 9 and EWI Models (permanent)

Are you ready to lead a skilled and high-performing team of resourceful and resilient model validators? We are now looking to hire a committed and passionate Head of Wholesale IFRS9 & EWI Model Validation and Model Risk Lead for a permanent position in the Wholesale Model Validation team in Model Risk and Validation (MRV).

About our team

Our role is to be an independent second line of defense unit for model risk management, model validation and independent risk oversight across the Nordea Group. We carry out independent validation activities of all models used across Nordea. In addition, we safeguard and support prudent risk management including risk appetite framework, rule setting in the form of policies and controls and risk reporting.

You as the Leader, play a key role in developing and supporting your team members to reach their aspirations and unleash their full potential.

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:

• Overseeing and managing model risk and validation of Wholesale IFRS 9 and Early Warning Indicator (EWI) models by collaborating with business to ensure that the models are robust and compliant.  
• Develop and maintain expertise within Wholesale IFRS 9 and EWI model validations in the team.
• Responsible for wholesale IFRS 9 and EWI model validations and communication of validation results, issues and solutions to stakeholders.
• Provide guidance to Model owners and Model developers on best-practice on development and documentation of models.
• Lead model validation engagement for Wholesale IFRS 9 and EWI models with ECB JST and on-site model exams.
• Develop and maintain Wholesale IFRS 9 and EWI validation manuals and procedures in line with regulatory requirements. Ensure testing libraries in the model validation platform are maintained.
• Plan and deliver validations in a timely manner of all new and existing Wholesale IFRS 9 and EWI models in line with Nordea’s model roll-out plans.

Who you are

We are looking for a committed leader with:

• Deep knowledge of Wholesale IFRS 9 and EWI models, validation and model risk.
• Master’s degree or PhD in Finance, Mathematics, Economics, Statistics, Actuarial Science, Engineering or a relevant related field.
• Leadership experience with an ability to attract, develop and retain talents as well as provide guidance in the daily work, including supporting the team in challenging the model owners and leveraging the team’s technical skills to address business issues and fulfil financial objectives.
• Excellent stakeholder management and networking skills with an ability to drive the agenda of the unit in a large complex financial institution.
• Solid planning, project and process management skills with a strong track record of concrete deliveries.
• Outstanding communication skills, both in written and spoken English, with an ability to tailor wording depending on the audience.

As the Leader you are expected to and have a crucial role in:

• Creating purpose by translating strategy into operational and actionable plans to showcase how we create value for our customers and impact business priorities.
• Empowering people by identifying individual development opportunities to support growth and encourage them to share own ideas, concerns and learnings.
• Driving performance by recognising individual contributions and collective victories to maintain a healthy balance through measurable goals and clear priorities for each team member.
• Developing teams by nurturing a dynamic team culture, that emphasises trust and respect to ensure that everyone understands their unique value and contribution.
• Fostering inclusion by creating equal opportunity through curiosity about all aspects of diversity in your team to evaluate habits and perspectives on a continuous basis.

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 01/07/2026.

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.

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.