Quantitative Risk Expert

3 weeks ago


Oslo, Oslo County, Norway Nordea Bank Full time

Job Overview

As a key member of the Credit Risk Stress Testing & Simulation team at Nordea Bank, we are seeking a highly skilled Quantitative Risk Analyst to execute and improve 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, analyzing the impact of stress test results on Nordea's credit portfolios and customers.
  • 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.
  • 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.
  • Ensure a strong feedback loop between control and review processes, and model development, analyzing and contributing requirements to model development and lifecycle management.
  • Understand key drivers and risks in order to ensure that the stress test analysis can support business decisions.

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 and excellent presentation and communication skills in English.

About Nordea Bank

We are committed to being a partner our customers and society can count on, with compliance and integrity guiding our actions. Join us to contribute to shaping the future of banking and make a meaningful impact.



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