Senior/Lead Model Risk Analyst

1 month ago

Stockholm, Sweden Nordea Bank Full time

Job ID: 18768 


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 a Senior Model Risk Analyst to strengthen our validation processes for Nordea's  models that are used for Asset and Liability Management (ALM), Life and pension, and operational risk.

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

Welcome to Model Risk and Validation. We add value by conducting independent model validation activities intended to verify the soundness of Nordea’s models used for operational risk, Life and pension modelling, and ALM, e.g., Interest Rate Risk in the Banking Book (IRRBB)  and liquidity risk. As Senior Model Risk Analyst you will play a key role in ensuring that models are conceptually sound,  mathematically correct, and appropriate for intended business use.

What you’ll be doing:

  • Help ensure robust management of Nordea's model risk

  • Validate risk models – including models for non-traded market risk,  liquidity risk, operational risk, behavioural models for IRRBB, and life and pension models

  • Ensure that models and model validation activities meet regulatory requirements and sophistication expectations

  • 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 Model 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 background. The team is highly specialised and work in close collaboration with specialists across the Group. The role is based in Helsinki; Copenhagen; Stockholm.

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:

  • 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 excellent skills in oral and written communication as well as in scientific writing


Your experience and background: 

  • Academic degree – preferably at PhD level or equivalent – 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

  • 8+ year experience in the financial sector working with risk models as developer, user or validator

  • Knowledge of asset and liability management, with special focus on IRRBB and liquidity risk is an advantage, however specific expertise is not a requirement

  • Knowledge of behavioral finance is an advantage, however specific expertise is not a requirement

  • Life insurance and pension knowledge is advantage, however specific expertise is not required

  • Strong analytical skills, and capable of applying multidisciplinary quantitative methods

  • Solid experience in programming Python, MATLAB and SQL, but experience in other programming languages is also valuable

 

If this sounds like you, get in touch

 

Next steps

Submit your application no later than 26/04/2024. For more information, you’re welcome to contact Laura Nuccio (laura.nuccio@nordea.dk).

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.

 

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

  • Senior/Lead Model Risk Analyst

    4 weeks ago

    Stockholm, Stockholm, Sweden Nordea Bank Full time

    Job ID: 18768 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 a Senior Model Risk Analyst to strengthen our validation processes for Nordea's models that are used for Asset and...

  • (Senior) Quantitative Risk Analyst, Credit Risk Analysis

    3 weeks ago

    Stockholm, Sweden Nordea Bank Full time

    Job ID: 23037  Nordea offers you the chance to contribute to keeping the largest bank in the Nordic countries safe and trusted by ensuring Nordea Board, and other senior stakeholders receive high quality reporting regarding the Group’s Credit Risks. If you are passionate about analysing Nordea’s entire credit risk portfolio, assessing the largest...

  • Senior Risk Expert

    5 days ago

    Stockholm, Sweden Nordea Bank Full time

    Job ID: 23364  Senior Risk Expert in Stockholm, Helsinki or Warsaw Group Risk, Group Operational Risk Monitoring (testing/assurance/audit) As Senior Risk Expert in Group Operational Risk – Monitoring, you will play a key role to ensure proper management of operational risks across the Nordea Group. You’ll join a team responsible for...

  • Senior/Lead Risk Expert, Technology

    4 weeks ago

    Stockholm, Sweden Nordea Bank Full time

    Job ID: 22555    We are looking for Senior or Lead Risk Expert, to join Technology & Resilience Risk Oversight, a diverse team of professionals working on Technology, Business Continuity and Crisis Management (BCCM), and Outsourcing & Third Parties risks. We are ensuring that Nordea remains a safe, resilient, and trusted bank by constructively...

  • Senior Consultant Risk Management

    4 weeks ago

    Stockholm, Sweden Zanders Full time

    Elevate your career, perform when it counts: become part of our global financial consulting evolution!Your role:As a successful Senior Consultant, you will be part of our strategic plan to expand our risk management services in Scandinavia. In the new Stockholm office you will be working closely with your colleagues, also those in other Zanders offices, in...

  • Senior Marketing Data Analyst

    1 week ago

    Stockholm, Sweden Stillfront Group Full time

    The Data Platform is a distributed team by design operating with Open Source principles to empower the team and studios to contribute equally. Beyond the core team the team collaborates on a weekly basis with the 22 studios in the portfolio to improve data quality and richness. The result is that the Data Platform is in the infancy of becoming a team with a...

  • Senior Marketing Data Analyst

    1 week ago

    Stockholm, Sweden Stillfront Group Full time

    The Data Platform is a distributed team by design, operating with Open Source principles to empower the team and studios to contribute equally. Beyond the core team, the team collaborates on a weekly basis with the 22 studios in the portfolio to improve data quality and richness. The result is that the Data Platform is in the infancy of becoming a team,...

  • Senior Knowledge Analyst

    4 weeks ago

    Stockholm, Sweden Boston Consulting Group Full time

    WHAT YOU'LL DOAs a Senior Knowledge Analyst (SKA) within BCG's Health Care Practice Area you will work in a growing global team, providing MedTech industry expertise and insights whilst working together with case and proposal teams to provide knowledge assets, analysis, and expert advisory. You’ll serve as a thought partner and content expert to case teams...

  • Senior Knowledge Analyst

    1 month ago

    Stockholm, Sweden Boston Consulting Group Full time

    WHAT YOU'LL DOAs a Senior Knowledge Analyst (SKA) within BCG's Health Care Practice Area you will work in a growing global team, providing MedTech industry expertise and insights whilst working together with case and proposal teams to provide knowledge assets, analysis, and expert advisory. You’ll serve as a thought partner and content expert to case...

  • Senior IT Architect, Non-financial Risk Management

    3 weeks ago

    Stockholm, Sweden Nordea Bank Full time

    Job ID: 20427  Would you like to thrive and make a big impact? We are seeking for Senior IT Architect with experience in large scale enterprise IT environment to confidently lead the design and guide implementation processes in change initiatives. At Nordea, we know our customers’ needs are changing – and we’re deeply committed to meeting...

  • Senior Risk Engineer

    1 month ago

    Stockholm, Sweden CHUBB Full time

    JOB DESCRIPTION Provides property risk engineering value added and pragmatic solutions and risk profiling/evaluation services to stakeholders in the Nordics region and if required across Continental Europe. You will join Risk Engineering Services (RES), an integrated service organization within Chubb. The team exists of more than 400 engineers and...

  • Senior IT Security Analyst within Privileged Access Management

    2 weeks ago

    Stockholm, Sweden Nordea Bank Full time

    Job ID: 21563  We are looking for a Senior IT Security Analyst to join our Privileged Access Management (PAM) team within our Identity and Access Management (IAM) organisation. This is an opportunity for you to be part of an international team, eager to support our mission to Protect the Bank: De-risked, Compliant, Secure & Protected. About this...

  • Quantitative Risk Consultant

    1 month ago

    Stockholm, Sweden Advisense Full time

    Advisense Risk & Finance has been redefining the finance industry since 2008 and continues to grow. We are building a market-leading GRC (governance, risk, and compliance) practice in Europe and strive to be the best place to work for GRC experts. As a Quantitative Risk Consultant, you will work independently and in a team supporting our clients in the...

  • Senior Manager Financial Risk Management

    1 month ago

    Stockholm, Sweden Zanders Full time

    Are you an ambitious, experienced, entrepreneurial financial risk consultant with great communication skills? Are you interested in supporting our ambitious growth strategy in the Nordic area? Then this opportunity is perfect for you! We are a specialist consulting firm with an established track record in risk advisory aiming to deliver high quality...

  • Senior Business Analyst within KYC and Finance

    4 weeks ago

    Stockholm, Sweden emagine Consulting Full time

    emagine is looking for a Senior Business Analyst with extended experience within KYC. Start: ASAP End: -09-29 Location: Stockholm (3 days in the office required) About the assignmen t Leading discussions among various business stakeholders in order to reach a common approach Being the bridge between Business and IT Facilitating User...

  • Senior Accounting Analyst

    3 weeks ago

    Stockholm, Sweden MathWorks Full time

    Job Summary Job: 32508-TMEL Location: Department: Join the MathWorks Nordics Finance team as a Senior Accounting Analyst! Working with the Senior Manager of Nordics Finance and Operations you will compile...

  • Business Analyst Risk till SEK

    1 month ago

    Stockholm, Sweden Wise IT Full time

    Har du arbetat som Business Analyst med behov- och kravställning och har erfarenhet av att ha arbetat med riskfunktionen på ett finansiellt institut och känner dig redo att ta nästa kliv tillsammans med oss? Som Business Analyst på SEK kommer du bli en del av en kunnig organisation där din kompetens värderas högt. Vi söker dig som vill vara med på...

  • Business Analyst Risk till SEK

    1 month ago

    Stockholm, Sweden Wise It Full time

    Har du arbetat som Business Analyst med behov- och kravställning och har erfarenhet av att ha arbetat med riskfunktionen på ett finansiellt institut och känner dig redo att ta nästa kliv tillsammans med oss? Som Business Analyst på SEK kommer du bli en del av en kunnig organisation där din kompetens värderas högt. Vi söker dig som vill vara med på...

  • Structured Finance Analyst, Nordisk Renting

    4 weeks ago

    Stockholm, Stockholm, Sweden NatWest Group Full time

    Join us as a Structured Finance Analyst at Nordisk RentingJoining a team based across Helsinki and Stockholm, you'll develop your career and enhance your finance expertise in Nordisk Renting's vibrate structured real estate financing businessYou'll be exposed to our interesting, large corporate and public sector customers and real estate financing and...

  • Financial Analyst

    1 month ago

    Stockholm, Sweden TekAgora AB Full time

    About Us: TekAgora AB, a trusted partner in product engineering, design, development, and support, is seeking a versatile IT Consultant to work at our client's premises. We deliver innovative, intelligent, and unique software solutions that empower businesses across various industries, including Real Estate, Banking, Hospital, and Education. The Role:...