Quantitative Risk Analyst

3 weeks ago


Oslo, Oslo County, Norway Nordea Bank Full time
About the Role

We are seeking a highly skilled Quantitative Risk Analyst to join our Credit Risk Stress Testing & Simulation team in Nordea. As a key member of the team, you will play a vital role in executing and improving the Bank's credit and climate risk stress testing for different portfolios.

Key Responsibilities
  • Execute external and internal credit and climate risk stress test exercises
  • Perform in-depth analysis on the credit portfolio and stress test results, preparing and explaining the risk analysis results to senior stakeholders, committees, and regulators
  • Develop and maintain review and control processes for the stress testing results, engaging with stakeholders to test the adequacy of the outcomes and develop and propose adjustments where appropriate
  • Understand key drivers and risks to ensure that the stress test analysis can support business decisions
  • Ensure a strong feedback loop between control and review processes, and model development - analysing and contributing requirements to model development and lifecycle management
  • Understand the credit risk stress testing models, and assess the compliance of the stress testing framework with respect to the regulatory capital and stress testing requirements
  • Work in various projects that are highly prioritized within the bank, such as ESG risk, EBA, or ICAAP stress test exercises
Requirements
  • A Master's degree within a quantitative field, including but not limited to statistics, mathematics, finance, accounting, economics, or engineering
  • Experience from responsibilities relating to control and analysis processes
  • Experience in working with data and Business intelligence, knowledge of statistical models
  • Knowledge of Python, experience with other languages such as SAS and SQL is an advantage
  • Excellent collaboration skills
  • Excellent presentation and communication skills in English (Nordea's official language)
  • You can be at an early phase in your career, or already more senior, but importantly you possess strong analytical and technical skills to work with large and complex data sets
About Nordea

Nordea is a leading financial services group in the Nordic and Baltic regions. We are committed to being a partner our customers and society can count on. Compliance and integrity go hand in hand. Joining us means you'll have an impact on how we do banking – today and tomorrow.



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