(Senior) Quantitative Risk Analyst (Credit Risk)
Job ID: 6128
Would you like to take a central role in shaping Nordea’s credit risk modelling landscape and add real business value for Nordea? Then this opportunity is for you.
We are looking for a (Senior) Quantitative Risk Analyst to join our IRB modelling functions and drive the design, enhancement, and implementation of credit risk models across the organisation. The role combines advanced modelling, practical implementation of the models in our IT infrastructure and a sound understanding of banking. You need to enjoy working with large datasets, solve problems and find new and innovative solutions.
About our team
Meet the Risk Models Methodology & IRB models team. Our role is to develop and maintain models under IRB, and support other functions in the value chain . We strive to develop models that help business in their decisions and comply with relevant regulatory environment across multiple countries.
Our team adds value by accurately estimating the IRB risk parameters for Nordea’s customers. As the (Senior) Quantitative Risk Analyst you will play a valuable role in developing, maintaining and using models which accurately estimate Nordea customers’ credit risk and anchor these firmly in the business lines.
Given the nature of our data and regulatory requirements, we use advanced modelling techniques and big data technology. In addition to using leading techniques for modelling and data, the team’s role is general risk governance within credit risk modelling and methodology, including management of models, model implementation, data quality, documentation and model use.
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.
Main responsibilities in this role:
Develop technical tools that can be used for model development and other analysis, using tools such as Python.
Work on a subset of model lifecycle related activities like: data pipeline, data quality work, development, documentation, implementation, maintenance, monitoring, requirement setting, and user acceptance tests within credit and impairment models.
Contribute to methodological standards, modelling tools, coding practices, and continuous improvement of the modelling framework.
Drive projects within the IRB Models, and manage stakeholder relationships in the Risk, IT and Business organisations.
Present and justify analyses, results, and their implications to stakeholders, either through periodic activities or through ad-hoc requests.
Provide technical guidance, review the work of other modellers, and support setting modelling strategy and priorities.
Stay informed on regulatory developments and industry practices.
You’ll join an international team with a variety of backgrounds and skills. We work closely with other teams across the bank which provides you with excellent opportunities for personal and professional development. Our working language is English.
Who you are
This is the right role for you if you are:
Curious, enjoy learning and are excited about brining your ideas to the table.
Take ownership of the task but enjoy collaboration with others.
Confident in advanced quantitative modelling and eager to challenge ideas constructively.
Communicate complex statistical or methodological concepts clearly to both technical and non-technical audiences.
Enjoy working with large datasets and navigate well in tools used to analyse them.
Work well in a dynamic environment with varying workload.
Are keen to find solutions and not only raise concerns.
Able to think big picture but know that the devil is in the details. You are good at judging which details require extra attention.
Committed to deliver high-quality work.
Interested in coding and development of technical tools.
Your background and skills include:
A Master’s or PhD in a quantitative field, for instance economics, engineering, business, mathematics, science, statistics, finance, or similar.
Interest or hands-on experience working with data & modelling and conducting complex data analysis in financial services.
Previous experience with large volumes of data and programming. We use mainly Python / SQL.
Interest in understanding of regulatory requirements related to IRB, IFRS9 and stress testing and different modelling techniques.
Seniority of the role and remuneration will depend on the level of the candidate’s experience in the relevant fields.
If this sounds like you, get in touch!
Next steps
Submit your application no later than 13/09/2026. For more information, you’re welcome to contact Matteus Arriaza-Hult, Head of Quantitative Methods & Projects at matteus.arriaza-hult@nordea.com.
We enable dreams and aspirations for a greater good.
We build relationships. We add a personal touch to everything we do – when advising our customers, collaborating with colleagues, and meeting our potential candidates.
We learn and develop. We take pride in being experts and thinking ahead. We use our expertise to meet our customers’ needs, from the simplest to the most complex. We bring a growth mindset to our work that enables us to focus on a broader perspective in our daily challenges.
We lead change. We are responsible and aware of the impact of our decisions, both for our customers and for our local and global communities. Mindful of our responsibility towards current and future generations, we have made sustainability an integrated part of our business strategy.
We are Nordea. We have a 200-year history of supporting and growing the Nordic economies and our values are deeply rooted in these open, progressive and collaborative societies. As one of the biggest employers in the Nordics, Poland and Estonia, you have excellent opportunities to evolve, develop and move forward with us.
For union information, please contact Finansförbundet at finansforbundet@nordea.se or SACO at SacoNordea@nordea.com.