Credit Risk Quant, Copenhagen / Stockholm / Helsinki / Gdańsk

We are looking for Credit Risk Quantitative Analyst to join Risk Models at Nordea.

We are looking for risk quants to develop credit risk models for corporate and retail customers. The job provides an exciting mix of challenges, where different areas of knowledge and skills shall be employed: developing advanced statistical models, designing internal software libraries, working with big data, analyzing economic behavior, understanding and abiding to regulatory constraints  and further, to explain complex models to stakeholders on all levels across the Bank. You will join a highly professional and dedicated 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 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 the Risk Models Methodology & IRB Models team. Working with us, you will be part of one of the most important programs for the bank, which consists in upscaling Nordea’s internal models for credit risk. The team is responsible for Nordea’s Rating, Scoring, PD, LGD and CCF models and as a Credit Risk Model Analyst in a Risk Models team, you will have great possibilities to develop your skills within advanced modelling – a field which is in high focus in Nordea.

Risk Models encourages rotation across units within the department, so joining our team presents a unique opportunity to develop a broad competence in the area by working on several types of models and collaborating with first class professionals in an international environment.

Being part of the broader Group Risk & Compliance organization, you'll help ensure that compliance underpins every decision we make and every action we take. By bringing your perspectives to the team and through your focus on quality and cooperation, you will be important.

What you will be doing:

• Develop and maintain Rating, Scoring, PD, LGD and/or  EAD models (in SAS and/or Python)  
• Develop tools for data extraction for model development and other analysis
• Continuously work on improving methodological choices for the models and be able to clearly communicate its rationale and impact to internal and external stakeholders  
• Join an open and inspiring atmosphere, where you will cooperate closely with your colleagues across the bank
• Give input to senior management and business based on data analysis and previous experience
• Update and write documentation of the credit risk models

The role can be based in Copenhagen, Stockholm, Helsinki or Gdansk.

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
• Experience in programming (Python and SAS preferred)
• Knowledge of IRB models strongly preferred
• Experience working with data and models preferred
• Strong focus on results and deliveries
• Experience driving deliveries, ideally in an agile environment  
• Knowledge of credit risk is an advantage

Seniority of the role and remuneration will depend on the level of candidates’ experience in the relevant fields. Candidates for both junior and senior analyst roles are encouraged to apply.

If this sounds like you, get in touch!

Submit your application no later than 8 July 2020.

For more information, you are welcome to contact Erik Olsen on erik.olsen@nordea.com

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.