Senior Quantitative Risk Analyst / Quantitative Risk Analyst

Nordea is a leading Nordic universal bank. We are helping our customers realise their dreams and aspirations - and we have done that for 200 years. We want to make a real difference for our customers and the communities where we operate - by being a strong and personal financial partner.

Job ID: 19232
Would you like to use your analytic talent and contribute to a business environment? We are now looking for a Quantitative Risk Analyst and a Senior Quantitative Risk Analyst to develop new rating models.

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 the IRB models team. Working with us, you will be part of one of the most important programs for the bank, which consists in upscaling Nordea’s internal models for credit risk. There are opportunities to work on all aspects of IRB model development, scorecards, PD, LGD and CCF. As a (Senior) Quantitative Risk Analyst you will have great possibilities to develop your skills within advanced modelling – a field which is in high focus in Nordea.

What you’ll be doing:
* Develop and maintain IRB models
* Bridge the gap between financial statement analysis and advanced modelling, while ensuring that expert knowledge on corporate customers are embedded into the models
* Develop tools for data extraction for model development and other analysis
* Continuously work on improving methodological choices for the models and be able to clearly communicate its rationale and impact to internal and external stakeholders
* Join an open and inspiring atmosphere, where you will cooperate closely with your colleagues across the bank
* Give input to senior management and business based on data analysis and previous experience

Working with corporate PD models, you’ll join a passionate team quantitative analysts located in Stockholm, Warsaw and Copenhagen.

The opportunity is open to experienced candidates as well as unexperienced candidates with a background in Mathematics, Finance, Physics, Engineering and software development with a proven interest in banking and finance.

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:
* Enjoy learning and are excited about bringing your ideas to the table
* Are dependable, willing to speak up even when it’s difficult
* Are committed to empowering others

Your experience and background: 
* Master's or PhD degree in a quantitative field, including but not limited to mathematics, physics, economics, statistics, finance, or similar
* Experience in programming (Python preferred)
* Strong focus on results and deliveries

For the more senior role, you also have:
* Experience working with data and models
* Knowledge of IRB models is preferred
* Knowledge of credit risk is an advantage
* Experience driving deliveries with dependencies across the value chain (including IT and business lines)

Seniority of the role and remuneration will depend on the level of candidates’ experience in the relevant fields. Candidates with more experience as well as recent graduates are encouraged to apply.
If this sounds like you, get in touch! 
Next steps

Submit your application no later than 25/09/2023.

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.
For union information, please contact finansforbundet@nordea.se or SACONordea@nordea.com.
We reserve the right to reply only to selected applications.