Model Risk Lead for Insurance Model Validation

Job ID: 30558

Would you like to be a part of a team with experienced and talented colleagues, and drive the active management of model risk? We are looking for a Model Risk Lead to strengthen our model risk management for Nordea's insurance business.

About our team

Meet the Model Risk and Validation team. Our role is to add value by conducting independent model validation activities intended to verify the soundness of Nordea's models, and support the business in managing their model risk. As Model Risk Lead, you will play a key role in ensuring that models in the insurance business are appropriate for their intended business use.

Collaboration. Ownership. Passion. Courage. These are the values that guide us in how we work and how we make decisions – and that we imagine you share with us.  

Main responsibilities in this role:

• Be a Nordea wide expert, responsible for understanding, advising and challenging first line of defence on implementation of regulation and risk frameworks.
• Proactively and independently ensure quality in any tasks and deliveries within your area of responsibility.
• Coordinate and participate in the validation of models in the insurance business.
• Ensure that models and model validation activities meet regulatory requirements.
• Ensure robust management of Nordea's model risk, by proactively advising relevant stakeholders.
• Lead the development of techniques to further improve our validation approach.
• Lead and ensure other's development and competence building through dialogue and knowledge sharing within your area of responsibility.
• Collaborate with colleagues across the Nordea Group.

Who you are

This is the right role if you:

• Engage in a productive collaboration with colleagues and stakeholders
• Are innovative and thrive on challenging multidisciplinary tasks
• Are self-driven with ambition to deliver excellent results
• Have an eye for detail, yet able to focus on the big picture
• Have excellent skills in spoken and written communication in English

Your background and skills include:

• Academic degree in a quantitative field, such as actuarial science, mathematics, statistics, physics or similar from a high quality academic institution
• Strong analytical skills and knowledge of actuarial techniques
• Superior knowledge of the insurance business
• Professional knowledge of Solvency II
• Solid coding skills in Visual Basic, C# or Python, but experience in other programming languages is also valuable
• Communication skills in Scandinavian languages or Finnish are an advantage

What we offer

People come here when they want to get somewhere. For some, it's to take their career to the next level. For others, it's to break new ground within their area of expertise – in other words, with us, you will always move forward.

A culture that fosters performance and growth in one of the largest Nordic banks, offering various opportunities to evolve, develop and learn from brilliant colleagues with diverse backgrounds in a vibrant working environment.

Hybrid working model – we believe in the value of bringing people together and at the same time we embrace the freedom of flexibility.

Diversity and inclusion are a natural part of our daily work. We know that an inclusive workplace is a sustainable one. We genuinely believe that our diverse backgrounds, experiences, characteristics and traits make us stronger together. Every day we strive to find new ways to improve diversity and inclusion within our community e.g. we have signed the European Diversity Charters in the countries where we operate to show our commitment and engage with others to continue learning and improving.

If this sounds like you, get in touch

Next steps

Submit your application no later than 04/11/2025.

We enable dreams and aspirations for a greater good.

We build relationships. We add a personal touch to everything we do – when advising our customers, collaborating with colleagues, and meeting our potential candidates.

We learn and develop. We take pride in being experts and thinking ahead. We use our expertise to meet our customers' needs, from the simplest to the most complex. We bring a growth mindset to our work that enables us to focus on a broader perspective in our daily challenges.

We lead change. We are responsible and aware of the impact of our decisions, both for our customers and for our local and global communities. Mindful of our responsibility towards current and future generations, we have made sustainability an integrated part of our business strategy.

We are Nordea. We have a 200-year history of supporting and growing the Nordic economies and our values are deeply rooted in these open, progressive and collaborative societies. As one of the biggest employers in the Nordics, Poland and Estonia, you have excellent opportunities to evolve, develop and move forward with us.

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

Only for candidates in Sweden: For union information, please contact Finansförbundet at or SACO at  

Only for candidates in Poland: Please include permit for processing personal data in CV as following:

In accordance with art 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, 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: 

We reserve the right to reply only to selected applications.