Senior Credit Risk Model Validator (Retail Models)

Nordea; Helsinki; Hybrid; EUR 90,000 - 130,000; Full time

Job summary

Nordea is seeking a senior/lead Quantitative Risk Analyst to join the Credit Risk Model Validator team. You will independently validate credit risk models, including IRB PD/LGD/EAD and IFRS9, leveraging Python or SAS.

You will communicate outcomes to stakeholders, advise developers, and help advance validation techniques within a leading Nordic bank. The role emphasizes collaboration, analytical rigor, and the ability to work both in a team and autonomously while contributing to a robust risk

Qualifications

• Academic degree in a quantitative field.
• Experience in Python or SAS programming.
• Experience with EAD or LGD modelling is an advantage.

Responsibilities

• Perform validations independently.
• Validate existing, new and changed credit risk models (IRB, IFRS9).
• Use quantitative and qualitative analyses to identify and assess model risk.
• Communicate the outcome of reviews to stakeholders.
• Advise and guide model developers and other stakeholders.
• Develop and improve techniques and processes for model validation.
• Lead validations to ensure MRV deliveries are high quality.

Skills

Python

SAS

English communication

Quantitative analysis

Education

Academic degree in a quantitative field (math, econometrics, statistics, finance, engineering or economics)

Tools

EAD/LGD modelling

Job description

Nordea is seeking a senior/lead Quantitative Risk Analyst to join the Credit Risk Model Validator team. You will independently validate credit risk models, including IRB PD/LGD/EAD and IFRS9, leveraging Python or SAS.

You will communicate outcomes to stakeholders, advise developers, and help advance validation techniques within a leading Nordic bank. The role emphasizes collaboration, analytical rigor, and the ability to work both in a team and autonomously while contributing to a robust risk