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 two Senior Model Risk Analysts to strengthen our validation processes of Nordea's models for traded and non-traded market risk.
At Nordea, we’re committed to being a partner our customers and society can count on. Compliance and integrity go hand in hand. You will have an impact on how we do banking – today and tomorrow. Bring your ideas, skills and unique background. With us, you will get plenty of opportunities to grow, collaborate and make your mark on something bigger.
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 traded and non-traded market risk (i.e. IRRBB), liquidity risk, and operational 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 market risk, Interest Rate in the Banking Book, liquidity risk and operational risk
- Ensure that models and model validation activities meet regulatory requirements
- 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 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 Warsaw, Poland.
Collaboration. Ownership. Integrity. 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
- 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!
Submit your application no later than 20 December 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 customers and communities. So please come as you are.
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