Quantitative Risk Analyst, Realized Loss Data and Estimation

Job ID: 5670

Do you want to play an important role in one of the largest model development programmes in Nordics? We are now looking for the Quantitative Risk Analyst to develop LGD (loss given default) data and models in Nordea.

The job provides an exciting mix of challenges such as data analysis, providing inputs to the development of statistical models, designing internal software libraries, working with big data, analysing economic behaviour, understanding and abiding to regulatory constraints.

About our team

Meet the Realised Loss Data and Estimation team in Risk Models Methodology & IRB Models in Nordea. Working with us, you will be a part of one of the most important programs for the bank, which consists in upscaling Nordea’s internal models for credit risk. The primary focus of this role is development of the target variable for Nordea’s Loss Given Default (LGD) models, but there would be opportunities to work other IRB parameters. As the Quantitative Risk Analyst you will develop your skills within advanced modelling - a field which is in high focus in Nordea. 

Being a part of the broader Group Risk organization, you'll help ensure that compliance underpins every decision we make and every action we take. By bringing your perspectives to the team and through your focus on quality and cooperation, you will be important.

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:

• Develop, test and maintain realised loss data for LGD models.
• Develop tools for data extraction for model development and other analysis.
• Work with internal business unit users of IRB LGD models and help integrate Continuously work on improving methodological choices for the models and be able to clearly communicate its rationale and impact to internal and external stakeholders.
• Join an open and inspiring atmosphere, where you will cooperate closely with your colleagues across the bank.
• Give input to senior management and business based on data analysis and previous experience.

Who you are

This is the right role for you if:

• Enjoy learning and are excited about bringing your ideas to the table.
• Take the ownership of the task, but enjoying collaboration with others.
• Have good communication skills to manage stakeholder interaction efficiently across the value chain.

Your background and skills include: 

• Advanced degree in a quantitative field, including but not limited to economics, statistics, physics, mathematics, data science, computer science or similar.
• Experience in SQL, Python, SAS or similar.
• Understanding of statistical and machine learning methods.
• Experience in working with data and models.
• Knowledge of IRB models is an advantage.

It would be ideal if you also:

• Experience in driving deliveries with the tight deadlines.
• Knowledge of credit risk processes and bank products.
• Understanding of technologies and IT solutions used for data processing.

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 diversity and inclusion within our community e.g. we have signed the European Diversity Charters in the countries where we operate to show our commitment and engage with others to continue learning and improving.

If this sounds like you, get in touch!

Next steps

Submit your application no later than 06/10/2026.

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.

Only for candidates in Finland: A security clearance will be performed for the person selected for this position.

Only for candidates in Sweden: For union information, please contact Finansförbundet at finansforbundet@nordea.se or SACO at SacoNordea@nordea.com.

Only for candidates in Poland: Please include permit for processing personal data in CV as following:

In accordance with art. 6 (1) a and b. Regulation (EU) 2016/679 of the European Parliament and of the Council of 27 April 2016 on the protection of natural persons with regard to the processing of personal data and on the free movement of such data, and repealing Directive 95/46/EC (General Data Protection Regulation) hereinafter ‘GDPR’. I agree to have: my personal data, education and employment history proceeded for the purposes of current and future recruitment processes in Nordea Bank Abp.

The administrator of your personal data is: Nordea Bank Abp operating in Poland through its Branch, address: Aleja Edwarda Rydza Śmiglego 20, 93-281 Łodź. Your personal data will be processed for the recruitment processes in Nordea Bank Abp. You have a right to access your personal data, right to rectify and right to delete. Disclosing the personal data in the scope specified by the provisions of Polish Labour Code from 26 June 1974 and executive acts are mandatory. Providing personal data is necessary to conduct the recruitment processes. The request for the deletion of your personal data means resignation from further participation in recruitment processes and causes the immediate removal of your application. Detailed information concerning processing of your personal data can be found at: https://www.nordea.com/en/doc/nordea-privacy-policy-for-applicants.pdf

We reserve the right to reply only to selected applications.