We are looking for an Analyst to join our team in Markets & Treasury Financial Control (MTFC). As an analyst in BA&E you will be representing Nordea in setting the IBOR reference rates used widely in the financial industry and in commercial contracts (globally estimated to USD 350tn in volumes). You will also contribute to the development of future alternative reference rates through various industry forums and help Nordea in the ongoing IBOR transition that is a hot topic in financial markets at the moment.
Following the IBOR scandal during the financial crisis the area of reference rates have gone through a significant change with increased focus from regulators. The change continues as the financial sector is developing new reference rates and adjusting the setup around existing IBORs to become compliant with new regulation. This impacts Nordea, our customers and society at large. As an analyst in the our team you will be in the center of this development, working daily with Nordea’s rate submissions to current reference rates while at the same time developing the future reference rates and preparing the bank for the transition taking place.
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.
You willl join Business Advice & Explanations, a part of Markets & Treasury Financial Control within Financial Reporting & Control (FRC) where we work broadly with reference rate setting on behalf of Nordea and analysis & advisory related to profit & loss, risks, capital and benchmarking towards stakeholders in both Nordea Markets and Treasury, management and front office in particular. The team is today based in Stockholm, Copenhagen and Warsaw.
What you’ll be doing:
- Staying on top of developments in financial markets and the regulatory space around banks and benchmark reference rates
- Daily setting and submission of Nordea’s contribution to IBORs and other reference rates
- Contributing to the development of new reference rates in financial markets together with other banks
- Taking active part of Nordea’s transition to new reference rates
- Supporting ad-hoc task forces as well as strategic initiatives related to Nordea’s balance sheet, risks & capital, profit & loss and performance
- Collaborating with other team members, supporting deliveries within the wide area of the business in Nordea Markets and Treasury
The role is based in Warsaw, Poland. First of all, you are expected to stay updated with the latest financial market developments in order to provide quality input to the reference rate setting process. Regulatory and industry developments are also critical to stay on top of to be able to play a role in the development of the process and transition towards new reference rates.
Collaboration. Ownership. Passion. Courage. These are the values that guide us in being at our best – and that we imagine you share with us.
Your personal profile and background:
- A high level of integrity and an ability to collaborate closely, both with senior stakeholders as well as colleagues
- A genuine interest in financial markets and products (FX and interest rate market – especially money market – experience will be merited)
- Likely 2-5 years of relevant experience from the banking sector, a large corporate treasury department or the consulting industry
- An academic degree (MSc or equivalent) in economics, finance, mathematical statistics, engineering or similar
- Advanced skills in Excel and other Microsoft Office tools
- Excellent communication skills, including in written and spoken English
If this sounds like you, get in touch!
Please submit your application no later than 30 June 2020.
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 our customers and communities. So please come as you are.
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