Chief Model Risk Analyst, Copenhagen or Stockholm

Would you like to work with models, that are becoming increasingly important for Nordea, especially within areas of capital requirement calculation, impairment estimation and automated decisions? Therefore, you will play an important role in making sure that Nordea becomes increasingly successful. We are now looking for a skilled Model Risk Analyst to join our team that assesses the credit model risk in Nordea.    

If you are ready to take on the challenge of being an analyst in the leading bank in the Nordics and gain insight into several model areas, with a wide variety of stakeholders then read on. 

At Nordea, we see that the world is changing fast – and we want to be one step ahead of the curve. That’s why we’re deeply committed to providing the financial solutions of tomorrow to our customers. We’re creating an agile environment where we experiment and grow together – and we need your ideas and unique background. With us, you’ll be in good company with a chance to make your mark on something bigger. 

Welcome to the Balance Sheet Risk Control/Credit Risk Model Validation team. We add value by working in an open environment across the Nordics. Balance Sheet Risk Control is organised within Nordea's Group Risk and Compliance department. We have the group-wide responsibility and focus on delivering high-quality validation of Nordea’s credit risk models.

What you’ll be doing:

• Contributing to ensuring the soundness of the credit risk models by independent validation 
• Having a large responsibility for the entire validation process, including preparations for the official submission of reports to our stakeholders including regulators 
• Contributing to the continuous development and refinement of our own methodologies and processes
• Working closely together with stakeholders across the bank, and your assessments will form important input to senior management decisions 

The role is based in Copenhagen or Stockholm and will be on a 2-year time limited contract, with a possibility for extension.  

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 the ability to write assessment reports on sophisticated models and techniques in an easy to understand and clear language
• Are a high performing individual with excellent analytical and problem-solving skills
• Communicate effectively, and you are able to work both independently and, in a team
• Have a strong willingness and great potential to develop, both personally and professionally

Your experience and background:  

• Master’s degree in mathematics, statistics, engineering or economics with a specialization in a quantitative subject like econometrics 
• +5 years of working experience from risk management in a third or second line of defence unit, at the FSA or at a consultancy company with regulatory compliance 
• Experience in programming (SAS, SQL, Python or similar) 
• Proficiency in English, both written and spoken 
• Experience with validation is considered an advantage 

If this sounds like you, get in touch!

Submit your application no later than 15 August 2019.

For more information, you’re welcome to contact Louise Schnegell, tel: +45 5547 8955, e-mail: .