Chief Analyst – Stress Testing, Credit Risk, Quantitative Modelling, Stockholm or Helsinki

Stress Testing. Credit Risk. Quantitative modelling

Would you like to work in an agile environment and contribute to the development of Nordea's next generation credit risk stress testing framework? We are now looking for a Chief Analyst to develop the credit risk analytical and stress testing framework. 

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. 

Welcome to Credit Portfolio Analytics (CPA). We add value by creating in-depth analysis on Nordea’s credit portfolio and developing the framework and infrastructure for credit risk stress testing. As Chief Analyst you will play a valuable role in developing this portfolio analytics function in second line of defence, covering analysis of the development of credit risk and forward-looking analysis, sensitivity and stress testing of credit risk.

What you will be doing:

• Be a key driver to the development of the credit portfolio analytical and stress testing frameworks, including the development of methods, tools and data foundation
• Drive the dialogue on stress testing with business areas, ensuring that stress testing analysis can support business decisions in an effective manner, and provide in-depth analysis on the stress testing results
• Drive the enhancement of the link between the risk appetite framework and credit risk stress testing, and ensure that results of the stress test analysis, including the ICAAP, are assessed in the context of the risk appetite framework
• Be responsible for the development and maintenance of the modelling framework used to translate the various macroeconomic scenarios into industry specific shocks
• Be a key contributor to the development and maintenance of the policy framework around the credit risk stress testing process

You will join a fast-paced and specialized team where you will work very closely with other members of the CPA unit and establish a close working relationship with other teams in Group Risk & Compliance, Treasury & ALM, Markets Research, and the business areas.

The role is based in Stockholm or Helsinki.

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 ability to contribute and drive data developments in collaboration with several internal stakeholders
• Have high motivation with a genuine ambition to drive change and development, combined with a track record of great stakeholder management skills
• Have excellent presentation and communication skills with proven ability to transpose analytical deliverables into presentation material
• Are fluent in English, both written and spoken

Your experience and background:

• Master's degree with high results in finance/mathematics or economics, PhD degree is an advantage
• At least 7 years' experience in credit risk management/enterprise-wide risk modelling/stress testing/macroeconomic research and analysis
• Strong macroeconomic competence and quantitative and analytical skills is an advantage
• Proven track record in complex analysis, problem solving, working independently and proven superior logic and numerical ability
• Solid working experience in SAS/SQL/Python/R
• Experience in credit risk related legislation and supervisory guidelines (e.g. CRR, CRD, EBA Guideline on Stress Testing) is an advantage

If it sounds like you, get in touch!

Submit your application no later than 2 October 2019. For more information, you are welcome to contact Gábor Kocsis, +46721410901, or at