Quantitative Risk Analyst (Credit Risk)

Nordea Group; Województwo mazowieckie; Hybrid; PLN 180,000 - 300,000; Full time

Benefits offered by this job

Hybrid working model

Career development opportunities

Diversity and inclusion

Job summary

Nordea is seeking a Quantitative Risk Analyst to develop and maintain IRB credit risk models and support governance across multiple countries. You will work with large data sets using Python/SQL in an international team, and contribute to modelling standards and framework improvements.

The role offers hybrid working with offices in Warsaw and other Nordea locations, and presents opportunities for personal and professional development within a Nordic bank environment.

Qualifications

• Experience with data, modelling and complex data analysis in financial services.
• Experience with large data volumes and programming (Python/SQL).
• Interest in regulatory requirements IRB, IFRS9 and stress testing.

Responsibilities

• Develop technical tools for model development and analysis using Python.
• Work on model lifecycle activities: data pipeline, data quality, development, documentation, implementation, maintenance, monitoring.
• Contribute to standards, tools, coding practices and modelling framework improvements.
• Drive IRB Models projects and manage stakeholder relationships across Risk, IT and Business.
• Present analyses and implications to stakeholders; respond to ad-hoc requests.
• Provide technical guidance and review colleagues’ work; shape modelling strategy.

Skills

Data analysis

Quantitative modelling

Communication of methods

Education

Master’s or PhD in quantitative field

Tools

Python

SQL

Job description

About Our Team

Meet the Risk Models Methodology & IRB models team. Our role is to develop and maintain models under IRB, and support other functions in the value chain. We strive to develop models that help business in their decisions and comply with relevant regulatory environment across multiple countries.

Our team adds value by accurately estimating the IRB risk parameters for Nordea’s customers. As a Quantitative Risk Analyst you will play a valuable role in developing, maintaining and using models which accurately estimate Nordea customers’ credit risk and anchor these firmly in the business lines.

Given the nature of our data and regulatory requirements, we use advanced modelling techniques and big data technology. In addition to using leading techniques for modelling and data, the team’s role is general risk governance within credit risk modelling and methodology, including management of models, model implementation, data quality, documentation and model use.

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.

Main responsibilities in this role

• Develop technical tools that can be used for model development and other analysis, using tools such as Python.
• Work on a subset of model lifecycle related activities like: data pipeline, data quality work, development, documentation, implementation, maintenance, monitoring, requirement setting, and user acceptance tests within credit and impairment models.
• Contribute to methodological standards, modelling tools, coding practices, and continuous improvement of the modelling framework.
• Drive projects within the IRB Models, and manage stakeholder relationships in the Risk, IT and Business organisations.
• Present & justify analyses, results, and their implications to stakeholders, either through periodic activities or through ad-hoc requests.
• Provide technical guidance, review the work of other modellers, and support setting modelling strategy and priorities.
• Stay informed on regulatory developments and industry practices.

You’ll join an international team with a variety of backgrounds and skills. We work closely with other teams across the bank which provides you with excellent opportunities for personal and professional development. Our working language is English.

The role is based in Stockholm, Helsinki, Oslo or Warsaw. Flexible working conditions with respect to working from premises / from home apply according to the Nordea rules of working at least 60% from the office.

Who You Are

This is the right role for you if you are

• Curious, enjoy learning and are excited about brining your ideas to the table.Take ownership of the task but enjoy collaboration with others.
• Confident in advanced quantitative modelling and eager to challenge ideas constructively.
• Communicate complex statistical or methodological concepts clearly to both technical and non-technical audiences.
• Enjoy working with large datasets and navigate well in tools used to analyse them.
• Work well in a dynamic environment with varying workload.
• Are keen to find solutions and not only raise concerns.
• Able to think big picture but know that the devil is in the details. You are good at judging which details require extra attention.
• Committed to deliver high-quality work.
• Interested in coding and development of technical tools.

Your background and skills include

• A Master’s or PhD in a quantitative field, for instance economics, engineering, business, mathematics, science, statistics, finance, or similar.
• Interest or hands-on experience working with data & modelling and conducting complex data analysis in financial services.
• revious experience with large volumes of data and programming. We use mainly Python / SQL.
• Interest in understanding of regulatory requirements related to IRB, IFRS9 and stress testing and different modelling techniques.

Seniority [Assistant/Regular/Senior/Lead] of the role and remuneration will depend on the level of the candidate’s experience in the relevant fields.

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 f\u{2018}osters 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!

Submit your application no later than 24/11/2026.

For more information, you’re welcome to contact Martin Quarcoo, Head of Real Estate portfolios at [e-mail], Chris Datema, Head of Corporate Portfolios at [e-mail] or Matteus Arriaza-Hult, Head of Quantitative Methods & Projects at [e-mail].

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 our 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.

For candidates in Sweden: For union information, please contact [e-mail] or [e-mail].