Senior Risk Expert on Internal Models Governance and Regulatory Aspects

Job ID: 20824 

 

We are looking for a Senior Analyst to join a high performing unit that is recognized for its professionalism, competence and capacity. The job provides a chance to work with highly skilled professionals on an exciting mix of regulatory and governance tasks pertaining to the IRB Approach of the largest bank in the Nordics.

At Nordea, we’re 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. 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 Regulation and Governance team within the Risk Models Department! We accompany the ambitious development plan for the risk models at Nordea, ensuring the adequacy with the regulatory expectations, managing the relationship with our banking supervisor. We act as subject matter experts on current and future IRB-related regulation and we develop, and maintain strong and regulatory compliant governance and control frameworks.

What you’ll be doing:

• Act as an expert within regulation on IRB credit risk models and IMM & IMA counterparty, and market risk regulatory models (VaR, EEPE, CVA, FRTB)
• Scan for regulatory developments (EU and Nordic) and assess their impact on Nordea’s regulatory models
• Help coordinate Nordea’s supervisory liaisons related to IRB models with ECB and Nordic FSAs
• Help develop and maintain a strong governance framework, including working with policies, controls, issue management, documentation management
• Support Group requests in interpretation of the regulatory expectations

In this role, you will be involved in key aspects of the bank’s IRB Approach. Depending on business needs and your level of experience, you may be asked to: advise on the interpretation of a regulatory expectation, design a governance and control framework to embed regulatory changes, draft clear and concise communication to an FSA or assess the materiality of changes proceeded by Nordea on models.

The role is located in Oslo, Norway and you will be a part of a team of dedicated professionals in a fast-paced, international environment.

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.  
 

You may have experience from a similar role at a bank, at a regulator or from consulting.

 

To succeed in this role, we believe that you are:

• Structured, analytical and self-driven
• Great at managing stakeholder relations and excellent at understanding business needs and constraints
• An excellent writer

 

And that you:

• Love to think in terms of the ‘big picture’, yet have keen attention to detail
• Enjoy establishing and maintaining structured processes for the way we work
• Thrive in a demanding environment that is constantly changing

 

Your experience and background:

• 7+ years of relevant working experience
• Good knowledge of IRB models or other internal models such as IMA, IMM
• Familiarity with the regulation on IRB models or other internal models such as IMA, IMM and banking regulation in general
• A Master's degree in Economics, Finance, or similar
• Norwegian and English language skills

 

Seniority of the role and remuneration will depend on the level of candidates’ experience in the relevant fields.

 

If this sounds like you, get in touch!

 

Next steps

Submit your application no later than 31/12/2023. For more information, you’re welcome to contact Head of Risk Models Governance & Control Benoit Roger at benoit.roger@nordea.com.

At Nordea, we know that an inclusive workplace is a sustainable workplace. We deeply believe that our diverse backgrounds, experiences, characteristics and traits make us better at serving customers and communities. So please come as you are.

Please be aware that any applications or CVs coming through email or direct messages will not be accepted or considered.