(Senior) Quantitative Risk Analyst, Credit Risk Stress Testing

5 dni temu

Warsaw, Polska Nordea Bank Pełny etat

Job ID: 26007 


Quantitative analyst, Data, Analyst, Controller, Climate, ESG, Credit risk, Stress testing.

Would you like to take an active role in executing credit and climate risk stress test exercises, analysing the impact from stress test results on Nordea’s credit portfolios and customers, and ensuring proper related control and review processes? We are looking for a Quantitative or Senior Quantitative Risk Analyst to join the Credit Risk Stress Testing & Simulation team in Nordea.

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

The Credit Risk Stress Testing team plays an important role in the bank for the assessment of credit risk related capital requirements and the loan loss development under a variety of adverse macro-economic and climate scenarios, and are providing input to key business processes in the bank.


As the Senior Quantitative or Quantitative Risk Analyst, you will play a valuable role in executing and improving the Bank’s credit and climate risk stress testing for different portfolios, and take part in the internal and regulatory stress testing exercises. You will have responsibility for developing and maintaining analysis and controls of Stress testing results, helping to ensure high quality and effective use of Stress testing results in Nordea.

There is currently a high focus on this field in the financial industry, and this role provides an exciting mix of challenges, such as working with big data, developing models, enhancing the framework and infrastructure for credit and climate risk stress testing, analysing macroeconomic behaviour, and explaining complex relations to stakeholders on all levels across the bank.

What you’ll be doing:

Execute external and internal credit and climate risk stress test exercises Perform in-depth analysis on the credit portfolio and stress test results, prepare and explain the risk analysis results to senior stakeholders, committees and regulators 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 Understand key drivers and risks in order to ensure that the stress test analysis can support business decisions Ensure a strong feedback loop between control and review processes, and model development -analysing and contributing requirements to model development and lifecycle management Understand the credit risk stress testing models, and assess the compliance of the stress testing framework with respect to the regulatory capital and stress testing requirements Work in various projects that are highly prioritised within the bank such as ESG risk, EBA or ICAAP stress test exercises – both as a contributor, and with possibility to act as a driver


The role is based in Warszawa; Copenhagen; Oslo; 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:

Like to get things done and can translate challenges into concrete options on what to do next Show quantitative analytical capability, proactivity and problem solving skills. You are comfortable working with large datasets and enjoy finding solutions to loosely defined problems Are a team player and can work closely, and collaborate with external stakeholders from different parts of the bank Can prioritise and are committed to deliver high quality on time – also under time pressure Are honest and reliable, willing to speak up even when it is difficult

Your experience and background: 

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 Excellent presentation and communication skills in English (Nordea’s official language) You can be at an early phase in your career, or already more senior, but importantly you possess strong analytical and technical skills to work with large and complex data sets Knowledge in credit risk modelling (e.g., PD, LGD and EAD) and credit risk stress testing is an advantage Knowledge in credit risk related legislation and supervisory guidelines (e.g., CRR, CRD; EBA Guideline on Stress Testing) is an advantage Experience in working with ESG data, ESG risk and the related credit risk stress testing is an advantage Strong macroeconomic competence is an advantage but not necessary

Seniority of the role and renumeration will depend on the level of the candidate’s experience in the relevant fields. Candidates for both quantitative and senior quantitative roles are encouraged to apply.


If this sounds like you, get in touch

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