Quantitative Risk Analyst / Senior Quantitative Risk Analyst

Nordic Investment Bank; Helsinki; Hybrid; EUR 90,000 - 130,000; Full time

Benefits offered by this job

Hybrid work setup

Relocation support

Multinational environment

Job summary

NORDIC INVESTMENT BANK (NIB) seeks a professional to join the Quantitative Risk Management unit in Helsinki. The role involves measuring, analyzing and monitoring financial risks, developing risk models, and supporting loan pricing and impairment calculations in an international setting.

The position offers an opportunity to contribute to the bank’s risk capital framework within a collaborative, multinational team.

Qualifications

• Master’s degree or higher in a quantitative discipline (e.g., mathematics, statistics, physics, quantitative finance, economics, engineering).
• Strong foundation in mathematical and statistical modelling.
• Experience in banking, finance, or similar with advanced quantitative models.
• Understanding of economic capital, market risk, liquidity risk, stress testing, pricing.
• Programming skills for developing and analyzing models and tools.
• Ability to explain complex quantitative concepts to technical and non-technical audiences.
• Independent, proactive and collaborative problem solving.

Responsibilities

• Develop, implement and maintain models and tools for measuring and managing NIB’s financial risks (economic capital, market and liquidity).
• Apply quantitative analysis to economic capital, market and liquidity risk, stress testing, climate risk, model validation and pricing.
• Conduct quantitative research, assess model assumptions and translate findings for senior management.
• Take responsibility for defined assignments and projects, working independently with colleagues across the Quantitative Risk Management unit.
• Contribute to continuous development of quantitative risk methodologies, tools and knowledge sharing within the team.

Skills

Quantitative risk

Mathematical modelling

Programming

English fluency

Independent problem solving

Communication of complex concepts

Education

Master's degree in quantitative discipline

Tools

Programming skills

Job description

Helsinki

The NORDIC INVESTMENT BANK (NIB) offers you the chance to do banking that makes a difference. We are the international financial institution of the Nordic-Baltic region, with a mission to strengthen the competitiveness, sustainability and resilience of the region. We offer you the possibility to work with experts from around the world. Working at NIB is a unique journey and will provide you with meaningful professional experience in an international environment.. We value diversity and are a community of some 270 professionals located in Helsinki and Riga. The atmosphere is international, and our official working language is English. NIB has the highest possible credit rating, AAA/Aaa, from leading rating agencies.

NIB is seeking a

to join the Quantitative Risk Management unit in the Risk & Compliance Department in Helsinki. The Risk & Compliance Department is responsible for the management and control of the Bank’s financial and non-financial risks in line with NIB´s risk appetite statement.

The position reports to the Head of the Quantitative Risk Management unit. The unit is responsible for measuring, analyzing and monitoring NIB’s financial risks, including credit, market, liquidity, and counterparty risks. Work includes developing and implementing risk methodologies, models, and reporting infrastructure. The team’s main responsibilities are developing and maintaining the Bank’s economic-capital, market and liquidity risk frameworks, supporting loan-pricing, calculating loan impairments, and conducting stress testing. The position offers excellent insight into the Bank’s business activities, and you will play a crucial role in developing and enhancing NIB’s risk capital framework.

We are open to candidates at different stages of their careers. You may already be an experienced quantitative risk professional ready to take broad ownership, or you may have a strong quantitative foundation and the motivation to deepen your expertise in financial risk. The final level of the position will reflect the selected candidate’s experience, depth of quantitative expertise and ability to take independent ownership of assignments and projects.

Main responsibilities

• Develop, implement and maintain models and tools for measuring and managing NIB’s financial risks, including economic capital, market and liquidity risks.
• Apply quantitative analysis across areas such as economic capital, market and liquidity risk, stress testing, climate risk, model validation and pricing.
• Conduct quantitative research, assess model assumptions and results, and translate findings into clear, decision-relevant analysis and recommendations to senior management and other stakeholders.
• Take responsibility for defined assignments and projects, working independently according to experience and in close cooperation with colleagues across the Quantitative Risk Management unit.
• Participate in the continuous development of NIB’s quantitative risk methodologies, tools and ways of working, including knowledge sharing within the team

Quantifications and Experience

• A master’s degree or higher in a quantitative discipline such as mathematics, statistics, physics, quantitative finance, economics, engineering or a related field.
• A strong foundation in mathematical and statistical modelling, combined with the ability to understand and apply quantitative methods to real-world problems.
• Relevant experience may come from banking or other financial institutions, insurance, academia/research, or another environment involving advanced mathematical or statistical models.
• Understanding of the fundamentals of financial risk concepts such as economic capital, market risk, liquidity risk, stress testing, climate risk, model validation and pricing, and an interest in applying these concepts through quantitative modelling.
• Programming skills relevant to the development, implementation and analysis of quantitative models and tools.
• Ability to explain complex quantitative concepts and results to both technical and non-technical audiences.
• An independent, curious and proactive problem-solving mindset, combined with a collaborative way of working.
• Fluency in English, both spoken and written.

We offer you

• Opportunity to work on a broad range of risk and data modelling issues.
• Cooperation with senior colleagues from business, credit, and risk management teams on challenging projects.
• A creative, inspiring, and multinational working environment.
• A new perspective on the financial industry based on NIB's position as an International Financial Institution owned by the Nordic and Baltic countries.

The position is located at the NIB headquarters in Helsinki, Finland, and we offer a hybrid work set-up. We warmly welcome expatriate employees and their families by supporting their relocation to a lively Nordic capital with a modern atmosphere.

For more information about the position, please contact N icolas Vanlerberghe , Director, Head of Quantitative Risk Management, at [e-mail]. For general information about employment at NIB, please contact Julián Cabrera, HR Business Partner, at [e-mail].

The deadline for applications is 30 November 2026. We are an equal opportunity employer, and the Bank has zero tolerance for any type of discrimination.

The vision of NIB is a prosperous and sustainable Nordic-Baltic region. Our employees are our strongest asset in realising this vision. Our core values are collaborative, competent, committed and courageous.

In recruitment, NIB puts the main emphasis on personal and professional qualifications and experience.

NIB is a professional expert organisation, and encourages employees to continuously develop their professional competencies while maintaining a sustainable work-life balance.