Assistant Quantitative Risk Analyst, Retail PD
About this role
Job ID: 4444
Assistant Quantitative Risk Analyst, Retail PD (permanent position)
Would you enjoy working with data and statistical models in practice and add a real business value for Nordea? We are looking for Assistant Quantitative Risk Analyst. The role combines predictive modelling, advanced analytics and statistics, practical implementation of the models in our IT infrastructure and a sound understanding of retail banking. You need to enjoy working with large datasets, solve problems and find new and innovative solutions.
At Nordea, we use internal models for calculating regulatory capital. These models are developed and maintained by the Risk Models team. The role is within the Retail Probability of Default Modelling team (Retail PD) which sits within Risk Models and is responsible for accurately estimating probability of default for Nordea’s retail customers as well as developing pre-default signals. We are recruiting for more talented people to help us meet the standards set by the European Central Bank (ECB).
About our team
Meet the Retail PD team. Our role is to develop and maintain scorecards, probability of default models and pre-default signal models for Nordea’s household and small and medium-sized enterprise customers. The main purpose of the team’s output is to ensure that Nordea complies with capital requirements as stipulated by the ECB. Output is also used in the credit process, loan maintenance and for strategic management purposes. We add value by accurately estimating the individual probability of default for Nordea’s customers who hold our lending products. As Assistant Quantitative Risk Analyst you will play a valuable role in developing, maintaining and using models which accurately estimate retail customers’ credit risk.
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 governa