Head of LGD/CCF Models within Risk Models Methodology & IRB Models

Job ID: 23019 
 

We are looking for a Leader for the LGD/CCF (Loss Given Default and Credit Conversion Factor) Models team within Risk Models Methodology & IRB Models at Nordea. 

Working with us, you will be part of one of the most important programs for the bank, which consists of upscaling Nordea’s internal models for credit risk. You will join a highly professional and dedicated management team with a large network across the bank and with excellent opportunities for personal and professional development.

At Nordea, we’re committed to being a partner to 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. So, bring your ideas, skills and unique background. With us, you’ll be in good company with plenty of opportunities to collaborate, grow and make your mark on something bigger.

About this opportunity

Welcome to the Risk Models Methodology & IRB Models team. Our role is to develop and maintain Nordea’s Internal Rating Based credit risk models. We strive to develop models that in the best possible way reflect the risks of the covered portfolios, live up to supervisory requirements and provide accurate basis for credit decisions.

You have an opportunity to become a Head of the LGD & CCF Models team. The team is a group of highly proficient and motivated experts working on developing and maintaining statistical risk models for the LGD and CCF factors for both the Retail and non-Retail customers in Nordea. In practice this means that you will have an opportunity to work with all customers segments. This team of circa 15 analysts operates at the crossroads of different skill sets: developing advanced statistical models, applying knowledge and insights from analysing customers in default into the model design, designing internal software libraries, working with big data, analysing economic behaviour, understanding and abiding to regulatory constraints and further, to explain complex models to stakeholders on all levels across the Nordea organisation.

As a Leader in this area you will have great possibilities to develop your skills in the development of advanced modelling techniques and in translating the benefits of these models and of data quality to a diverse set of stakeholders in the organisation, as well as to external regulators. Being part of the broader Group Risk, you'll help to ensure that compliance underpins every decision we make and every action we take. We hope that you will bring your perspectives to the team and through your focus on quality and cooperation you will play the important role in our unit.

What you’ll be doing:

The role is based in Stockholm, Warsaw, Copenhagen or Helsinki.

Who you are

Collaboration. Ownership. Passion. Courage. These are the values that guide us in being at our best – and that we imagine you share with us.

To succeed in this role, we believe that you:

Your experience and background:

If this sounds like you, get in touch!