Senior Risk Expert, Model Risk Regulation (CRR, Market Risk)

Job ID: 26209 

Would you like to lead and start a new model risk practice ? We are now looking for a Senior Risk Expert, Model Risk Regulation to lead Model Risk team’s role in interpreting and applying regulations related to models used in Nordea. The role holders will also be responsible to manage engagement with regulators on model risk matters on behalf of the Model Risk team.

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 Model Risk and Validation team. We add value by advising and challenging the business areas and functions to use models within the bank’s model risk appetite. As Lead, Model Risk Regulation you’ll play a valuable role in advicing stakeholders in complying in models related regulatory requirements e.g. Capital Requirements Regulations, EU AI Act, etc.

What you’ll be doing:

• Lead and formulate firm’s house view on regulations that apply to models used in the firm
• Advice First Line in complying with relevant ECB regulations that apply to models used across the firm
• Manage and lead engagement with ECB and local regulators on model/model risk related matters
• Provide advice to Head of the team on model related regulations
• Advice validation staff in interpreting relevant regulations
• Set up and manage processes to undertake self-assessment on relevant model related regulations
• Responsible to provide assurance on CRR articles not covered in scope of validation team

You’ll join a model risk function that is helping the bank to use safely use models to create value for its customers and shareholders. The role is based in Warszawa; Helsinki; Stockholm.

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:

• Are an excellent communicator
• Are a thought leader who lead by example and drives change
• Acts courageously in standing up to firm’s value and reputation

Your experience and background: 

• 7+ years of experience in dealing with model regulations such as CRR, EU AI Act, etc
• Experience of leading firm’s engagement with ECB JST on capital models (IRB preferred)
• Prior experience of working in capital models regulatory engagement team in European GSIB/DSIB firms
• Masters degree in quantitative discipline or public policy affairs
• Though leader with strong communication skills

 

If this sounds like you, get in touch!

 

Next steps

Submit your application no later than 27/10/2024. For more information, you’re welcome to contact Jens Nilsson.

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.

 

If you are an external consultant interested in this role and wish to apply please contact the hiring people leader for separate instruction on how to apply.

 

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 finansforbundet@nordea.se or SACONordea@nordea.com.

For candidates in Poland: Please include per