Senior IRB Risk Modeling & Framework Analyst

Nordea; Helsinki; Hybrid; EUR 70,000 - 110,000; Full time

Job summary

Nordea is seeking a Quantitative Risk Analyst to advance the IRB Models Framework. You will update and create framework documents, justify methodologies, and ensure governance and regulatory compliance across Nordea’s IRB models. You will present analyses to committees and collaborate with Model Risk Management and Internal Audit teams.

The role requires a Master’s or PhD in a quantitative field, strong modelling skills, and fluent English writing. Hybrid working model offered.

Qualifications

• Master’s Degree or PhD in a quantitative field from a high quality academic institution.
• Excellent collaboration skills.
• Extensive experience with statistical modelling.
• Fluent English with excellent writing skills.
• Knowledge of European regulation for IRB models.
• Understanding of IRB models' role in a financial institution.
• Understanding of governance processes.
• Energetic and service-minded personality.
• Positive and curious mindset.
• Pragmatic, can-do attitude.
• Strong focus on results, deliveries and deadlines.
• Ability to work in teams and on your own.

Responsibilities

• Work with many stakeholders in Risk Models Methodology & IRB Models and numerous other units in Nordea, including Model Risk Management teams and Group Internal Audit.
• Work with colleagues in all teams in Risk Models Methodology and IRB Models to arrive at the best methodologies, processes and governance for Nordea’s IRB models.
• Analyse methodological choices, justify and document the conclusion.
• Update and create documents in English, including driving the creation/update of documents with input from other stakeholders.
• Make sure that the described methodologies, processes and governance comply with European regulation and internal rules.
• Present documents, analysis and methodology to relevant fora and committees.
• Perform ad hoc quantitative and qualitative analysis.

Skills

Collaboration skills

Statistical modelling

English writing

IRB regulation knowledge

IRB models understanding

Governance processes understanding

Service-minded

Curious mindset

Can-do attitude

Teamwork & independence

Education

Master’s or PhD in quantitative field

Job description

Nordea is seeking a Quantitative Risk Analyst to advance the IRB Models Framework. You will update and create framework documents, justify methodologies, and ensure governance and regulatory compliance across Nordea’s IRB models. You will present analyses to committees and collaborate with Model Risk Management and Internal Audit teams.

The role requires a Master’s or PhD in a quantitative field, strong modelling skills, and fluent English writing. Hybrid working model offered.