Model Validator with quant skills

Job ID: 2426

Model Validator with quant skills (permanent position)

Would you like to be part of a team with experienced and talented colleagues and apply cutting-edge techniques to support establish an active management of model risk through rigorous validation activities? We are looking for Quantitative Risk Analyst to strengthen our validation processes of Nordea's models for the trading book.

About our team

Meet the Markets Model Validation team. Our role is to add value by conducting independent model validation activities intended to verify the soundness of Nordea’s models. Our team focuses on trading book models including pricing models incl. models for xVA and algo models, market risk, and counterparty credit risk models. As Quantitative Risk Analyst you will play an important role in ensuring that models are conceptually sound, mathematically correct, and appropriate for intended business use.

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:

• Help ensure robust management of Nordea's model risk
• Validate models in the area of pricing, market risk and counterparty credit risk
• Ensure that models and model validation activities meet regulatory requirements
• Drive and participate in the validation of new and changed models
• Use your technical skills to apply and develop validation techniques to verify that models function well and reflect economic and business realities
• Collaborate with and challenge model owners as well as developers on design and implementation of models
• Work with highly engaged colleagues in Nordea Group Risk Management
• Collaborate with colleagues across the Nordea Group in reporting validation outcomes to senior management

You’ll join a team of experienced model risk experts, all with a strong mathematical/quantitative background. The team is highly specialised and work in close collaboration with specialists across the Group.

Who you are

This is the right role for you if you:

• Engage in a productive collaboration with model stakeholders
• Are a team player and also master working independently
• Are self-driven with ambition to deliver timely and high quality analysis
• Have an eye for detail, yet able to focus on the big picture
• Are innovative and thrive on challenging multidisciplinary tasks
• Have good skills in oral and written communication as well as in scientific writing

Your background and skills include:

• Academic degree at Master’s level or higher in a quantitative field, such as finance, economics, mathematics, statistics, physics or similar from a high quality academic institution
• Full proficiency in applying econometric, mathematical and statistical models and techniques
• Experience in the financial sector working with risk models as developer, user or validator
• Strong analytical skills, and capable of applying multidisciplinary quantitative methods
• Solid experience in programming Python and SQL; experience in other programming languages is also valuable

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.

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.

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.