Hybrid Lead Credit Risk Model Validator – Quant Analyst

Nordea; Warszawa; Hybrid; PLN 180,000 - 280,000; Full time

Job summary

Nordea is seeking a Credit Risk Model Validator (Retail Models) at senior/lead level to strengthen its independent model validation function. You will lead validations of PD/LGD/EAD, IFRS9, and credit risk stress tests, using quantitative and qualitative analyses to assess model risk and communicate outcomes to stakeholders.

The role requires a quantitative degree and experience with Python or SAS, with strong English communication and collaboration across model owners and developers.

Qualifications

• Academic degree in a quantitative field, such as mathematics, econometrics, statistics, finance, engineering or economics.
• Experience in Python or SAS programming.
• Experience in EAD or LGD modelling is an advantage.

Responsibilities

• Perform validations independently.
• Take an active role in the validation of existing, new and changed credit risk models, including IRB (PD/LGD/EAD), IFRS9 and credit risk stress testing models.
• Use quantitative and qualitative analyses to identify and assess model risk.
• Communicate the outcome of our reviews to a variety of stakeholders.
• Advise and guide model developers and other stakeholders in managing model risks.
• Develop and improve techniques and processes for model validation.
• Lead validations to ensure that MRV's deliveries are completed with a high quality (Lead level).

Skills

Python

SAS programming

EAD/LGD modelling

Education

Academic degree in a quantitative field

Job description

Nordea is seeking a Credit Risk Model Validator (Retail Models) at senior/lead level to strengthen its independent model validation function. You will lead validations of PD/LGD/EAD, IFRS9, and credit risk stress tests, using quantitative and qualitative analyses to assess model risk and communicate outcomes to stakeholders.

The role requires a quantitative degree and experience with Python or SAS, with strong English communication and collaboration across model owners and developers.