Senior/Lead Quantitative Risk Analyst for Insurance Model Validation

Job ID:  28784 
  

We are looking for a Senior/Lead Quantitative Risk Analyst to strengthen our model risk management for Nordea's insurance business. 

  

About our team   
  

Meet the Model Risk and Validation team. Our role is to conduct independent model validation activities intended to verify the soundness of Nordea’s models. As Senior/Lead Quantitative Risk Analyst, you will play a key role in ensuring that models in the insurance business are conceptually sound and appropriate for their intended business use. 

Our team drives the active management of model risk through rigorous validation activities.

  

Collaboration. Ownership. Passion. Courage. These are the values that guide us in how we work and how we make decisions – and that we imagine you share with us.    

  

What you’ll be doing  
  

Main responsibilities in this role:

• Validate models in the insurance business to verify that models function well and reflect economic and business realities
• Ensure that models and model validation activities meet regulatory requirements
• Ensure robust management of Nordea's model risk
• Develop techniques to further improve our validation approach
• Collaborate and challenge model owners and developers on design and implementation of models
• Collaborate with colleagues across the Nordea Group, including on reporting validation outcomes to management

  

Who you are  
  

This is the right role if you:   

• Engage in a productive collaboration with model stakeholders
• Are self-driven with ambition to deliver timely and high quality results
• Have an eye for detail, yet able to focus on the big picture
• Are innovative and thrive on challenging multidisciplinary tasks
• Have excellent skills in spoken and written communication in English, as well as in scientific writing

 

Your background and skills include:

• Academic degree in a quantitative field, such as actuarial science, mathematics, statistics, physics or similar from a high quality academic institution
• Strong analytical skills and knowledge of actuarial techniques
• Solid coding skills in Visual Basic, C# or Python, but experience in other programming languages is also valuable
• Knowledge of SII legislation
• Knowledge of the Nordic insurance business is an advantage
• Communication skills in Scandinavian languages or Finnish are an advantage

  

What we offer  
  

People come here when they want to get somewhere. For some, it’s to take their career to the next level. For others, it’s to break new ground within their area of expertise – in other words, with us, you will always move forward.  

 

A culture that fosters performance and growth in one of the largest Nordic banks, offering various opportunities to evolve, develop and learn from brilliant colleagues with diverse backgrounds in a vibrant working environment.  

 

Hybrid working model – we believe in the value of bringing people together and at the same time we embrace the freedom of flexibility.   

 

Diversity and inclusion are a natural part of our daily work. We know that an inclusive workplace is a sustainable one. We genuinely believe that our diverse backgrounds, experiences, characteristics and traits make us stronger together. Every day we strive to find new ways to improve