(Senior) Quantitative Risk Analyst, Model Monitoring and Performance

Job ID: 26623 

 

Are you a quantitative analyst with a knack for navigating complex databases and producing clear analysis? Do you have knowledge of, interest in or even experience with IRB or similar models? Then this opportunity may be for you! We’re looking for a Quantitative Analyst to join the Model Monitoring and Performance team within Risk Models.

 

Nordea are currently developing a suite of new, state-of-the-art IRB and IFRS9 models. Model Monitoring and Performance is responsible for ensuring that the new models’ performance is continuously scrutinized, and for identifying any issues arising within them. Our key stakeholders are model developers, model users in Business and senior management, including senior management of the subsidiaries of the bank that also use the models. 

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.

About this opportunity

As a Quantitative Risk Analyst in Model Monitoring and Performance, you’ll work with an inspiring, competent and creative group of professionals in an international environment. In your daily job, you’ll be applying your quantitative and data analysis skills to produce clear and concise communication about model performance and performance issues to model developers and senior management. You’ll mainly be working with Python, SQL and Hadoop, but SAS, R and other tools may be used here and there.

What you’ll be doing:

• Quantitative analysis of model performance for all components of IRB models (PD, LGD, EAD)
• Communicating conclusions of your analysis to model developers and senior management – in reports and meetings
• Developing, maintaining and operating the IRB model performance monitoring framework
• Collaborating with a variety of stakeholders including risk management, model development, model validation and model users across the bank

The role will be located in Helsinki, Stockholm or Warsaw and team colleagues are in Stockholm, Helsinki and Copenhagen.

Who you are

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:

• Are driven by a desire to know more
• Love to make sense of data
• Are self-driven and take ownership
• Find it easy to understand others, and make yourself understood by others
• Love to think in terms of the big picture, but know that the devil is in the details
• Enjoy learning, and are excited about bringing your ideas to the table
• Are honest and reliable, and willing to speak up even when it’s difficult

Your experience and background: 

• Master’s in a quantitative field such as mathematics, engineering, econometrics, data science, finance, or similar
• Excellent communication skills (English is the working language)
• Sound knowledge of applied mathematical modelling and a proven track-record of excellent quantitative skills
• Proficiency in Python and SQL
• Knowledge of or interest in IRB or similar models – actual experience is a definitive plus

 

If this sounds like you, get in touch!

 

Next steps

Submit your application no later than 08/11/2024. For more information, you’re welcome to contact Rene Eriksen or Ognjen Ninic, ognjen.ninic@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.

 

Please be aware that any applications or CVs coming through email or direct messages will not be accepted or considered.

 

For candidates in Finland: A security clearance will be performed for the person selected for this position.

 

For candidates in Sweden: For union information, please contact finansforbundet@nordea.se or SACONordea@nordea.com.

 

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: nordea.com/en/doc/nordea-privacy-policy-for-applicants.pdf.

We reserve the right to reply only to selected applications.