Senior Credit Risk Model Analyst, Stockholm or Copenhagen

We are now welcoming a Senior Credit Risk Model Analyst to join a dedicated team working with quantitative analysis to manage and develop the FSA approved models for credit risk (Advanced- and Foundation Internal Ratings Based). 
 
New regulatory requirements have led to the need for refinement and improvements of models and data. We are now inviting you to contribute with your engagement and skills in maintaining and developing Nordea’s credit risk models. 
 
 The position we offer


As Nordea is approved to model its regulatory capital according to the IRB approach, crucial inputs into the capital assessment are the PD, LGD, CCF and rating models – which the Group Credit Risk (GCR) Corporate & IRB Models team is responsible for managing. This is done in collaboration with a number of different stakeholders in Nordea. 
 
When joining us as Senior Credit Risk Model Analyst, your responsibilities will include: 
 
-Maintaining and monitoring Nordea’s IRB approved credit risk models. 
-Model development for approved models and for portfolios that are not IRB approved. 
-Providing input to model validation unit. 
-Programming, data handling and working with data quality. 
 
The position will be based in Stockholm or Copenhagen. 
 
 The qualifications you need


As the PD, LGD, CCF and rating models are being built on vast amounts of credit risk data, we believe that you have a genuine interest in working with data and data quality. 
 
You contribute to the team spirit and are eager to learn, develop and challenge yourself. 
 
When it comes to your skills and experience, we believe that you have: 
 
-An academic degree in mathematics, statistics, engineering or economics with a specialization in a quantitative subject like econometrics. 
-Minimum 3 years of experience from model development within credit risk or other risk types. 
-Experience in SAS programming and model development using SAS. 
-Understanding of the processes generating the credit risk data - which is needed to fully understand the models. 
-Understanding of the regulatory landscape – as credit risk models are subject to regulation. 
-Proficiency in English. 
 
It would be beneficial – but not required – if you have experience from working within projects and Basel II/III. 
 
 More information and send application


For further information, please contact Olof Stangenberg (Team Leader in Group Credit Risk Corporate Models) at +46 10 1565185   
 
Please send your application, including a short CV and relevant grades, no later than 26 May, 2017. Selection and interviews will be held continuously.