Analyst, IRB Models Framework

Nordea; Oslo; Hybrid; NOK 900,000 - 1,200,000; Full time

Benefits offered by this job

Hybrid working model

Job summary

Nordea seeks a quantitative risk analyst to contribute to the IRB Models Framework. You will update framework documents, drive governance processes, and collaborate with Model Risk Management and other Risk Models teams to ensure compliant methodologies.

The role requires strong statistical modelling skills, English writing excellence, and a proactive, team-oriented mindset to support Nordea’s IRB model development and regulatory alignment.

Qualifications

• Master’s degree or PhD in finance, economics, mathematics, statistics, physics or similar.
• Strong knowledge of statistical modelling and quantitative methods.
• Excellent English writing skills and collaboration abilities.

Responsibilities

• Update and create IRB model framework documents and related governance materials.
• Collaborate with Risk Models Methodology & IRB teams and Model Risk Management.
• Analyse methodological choices, justify conclusions, and document them.
• Ensure documents are in English and align with European IRB regulations.

Skills

Excellent collaboration

Statistical modelling

English writing

IRB regulation knowledge

Team work

Governance understanding

Results-driven

Can-do attitude

Education

Master’s degree or PhD in quantitative field

Job description

Job ID: 6254

Analyst, IRB Models Framework (permanent position)

We are looking for a (Lead/Senior/Regular/Assistant) Quantitative Risk Analyst who is interested in working with methodologies, governance and processes for Nordea’s Internal Ratings-Based (IRB) models.

Are you that candidate, and do you have experience with statistical modelling and quantitative methods, excellent collaboration and writing skills and knowledge of the European regulation for the IRB approach? If yes, then please keep on reading.

About Our Team

Meet the IRB Models Framework team. Our role is to develop and maintain the IRB models frameworks that describe the methodologies, processes and governance applied for the IRB models, which includes rating models, scoring models, Loss Given Default and Exposure at Default models.

Collaboration. Ownership. Passion. Courage. These are the values that guide us in how we work and how we make decisions – and that we imagine you share with us.

What You’ll Be Doing

You will be responsible for updating and creating IRB model framework documents and other documents that apply to several or all teams in Risk Models Methodology & IRB.

Main responsibilities in this role:

• 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.

Who You Are

Your background and skills include:

• A Master’s Degree or PhD in in a quantitative field, such as finance, economics, mathematics, statistics, physics or similar from a high quality academic institution;
• Excellent collaboration skills;
• Excellent knowledge of and significant experience with statistical modelling;
• Full proficiency in English and excellent writing skills;
• Knowledge about the European regulation for IRB models;
• Understanding of the role of IRB models in a financial institution;
• Understanding of organisation and governance processes;
• An energetic and service-minded personality;
• A positive and curious mindset;
• A pragmatic, can-do attitude;
• A strong focus on results, deliveries and deadlines;
• The ability to work in teams and on your own.

What We Offer

People come here when they want to get somewhere. For some, it’s to take their career to the next level. For others, it’s to break new ground within their area of expertise – in other words, with us, you will always move forward.

A culture that fosters performance and growth in one of the largest Nordic banks, offering various opportunities to evolve, develop and learn from brilliant colleagues with diverse backgrounds in a vibrant working environment.

Hybrid working model – we believe in the value of bringing people together and at the same time we embrace the freedom of flexibility.

Diversity and inclusion are a natural part of our daily work. We know that an inclusive workplace is a sustainable one. We genuinely believe that our diverse backgrounds, experiences, characteristics and traits make us stronger together. Every day we strive to find new ways to improve diversity and inclusion within our community e.g. we have signed the European Diversity Charters in the countries where we operate to show our commitment and engage with others to continue learning and improving.

If this sounds like you, get in touch!

We enable dreams and aspirations for a greater good.

We build relationships. We add a personal touch to everything we do – when advising our customers, collaborating with colleagues, and meeting our potential candidates.

We learn and develop. We take pride in being experts and thinking ahead. We use our expertise to meet our customers’ needs, from the simplest to the most complex. We bring a growth mindset to our work that enables us to focus on a broader perspective in daily challenges.

We lead change. We are responsible and aware of the impact of our decisions, both for our customers and for our local and global communities. Mindful of our responsibility towards current and future generations, we have made sustainability an integrated part of our business strategy.

We are Nordea. We have a 200-year history of supporting and growing the Nordic economies and our values are deeply rooted in these open, progressive and collaborative societies. As one of the biggest employers in the Nordics, Poland and Estonia, you have excellent opportunities to evolve, develop and move forward with us.

Only for candidates in Finland:

A security clearance will be performed for the person selected for this position.

Only for candidates in Sweden:

For union information, please contact Finansförbundet at [e-mail] or SACO at [e-mail].

Only for candidates in Poland:

Please include permit for processing personal data in CV as following:

In accordance with art. 6 (1) a and b. Regulation (EU) 2016/679 of the European Parliament and of the Council of 27 April 2016 on the protection of natural persons with regard to the processing of personal data and on the free movement of such data, and repealing Directive 95/46/EC (General Data Protection Regulation) hereinafter ‘GDPR’. I agree to have: my personal data, education and employment history proceeded for the purposes of current and future recruitment processes in Nordea Bank Abp.

The administrator of your personal data is: Nordea Bank Abp operating in Poland through its Branch, address: Aleja Edwarda Rydza Śmiglego 20, 93-281 Łodź. Your personal data will be processed for the recruitment processes in Nordea Bank Abp. You have a right to access your personal data, right to rectify and right to delete. Disclosing the personal data in the scope specified by the provisions of Polish Labour Code from 26 June 1974 and executive acts are mandatory. Providing personal data is necessary to conduct the recruitment processes. The request for the deletion of your personal data means resignation from further participation in recruitment processes and causes the immediate removal of your application. Detailed information concerning processing of your personal data can be found at: https://www.nordea.com/en/doc/nordea-privacy-policy-for-applicants.pdf

We reserve the right to reply only to selected applications.