Senior Risk Specialist for Market Risk Model Validation
Area
Are you interested in understanding how mathematical models are used in finance? Do you have an intuition for the practical modeling of real-world financial and economic systems? If yes, then join our Model Risk team in Group Risk Management and help us review, verify, and improve our models.
Model Risk Management is responsible for maintaining the effort across the bank to identify, measure, and control the degree of risk related to mathematical models used across the business.
Our team specialises in reviewing and validating the mathematical models used in Pension Life Insurance, Asset Management, Market Risk and ESG (Environmental, Social, and Governance) assurance.
This position can be located both in Lithuania and Denmark.
Depending on your experience and knowledge, we may offer you different seniority of the role.
Mission
- Work in collaboration with developers, Market Risk managers and other stakeholders reviewing model design, challenging core model assumptions and verifying the implementation
- Be responsible for conducting quantitative and qualitative analysis, communicating your findings in written reports and spoken presentations to model owners and relevant committees
- Develop your modeling skills and assist in building out Model Risk platform
- Engage with senior stakeholders to support our interaction with regulators
- Grow as a Subject Matter Expert (SME) in Market Risk to help support the wider team
Skills
- 2–3 years of experience working in risk specialist, analytical or banking role
- Degree in a quantitative field, such as Mathematics, Physics, Chemistry, Engineering, Econometrics
- Curiosity and interest in Financial Markets
- Solid written and spoken communication skills
- Critical thinking and attention to detail with the ability to plan and manage deadlines
- Team-oriented and proactive mindset
- Upper-Intermediate English skills
We offer:
We will ensure that exact salary offered for you will be based on your qualifications, competencies, professional experience and requirements for the corresponding job function (salary range from 3120 EUR to 4680 EUR gross EUR/monthly).
Your title in job contract will be Specialist - Risk, Senior.
