Lead Risk Expert, Model Risk Regulation

Nordea Danmark; København; On-site; DKK 600.000 - 1.000.000; Full time

Job description

Job ID: 26208

Would you like to Lead and start a new model risk practice? We are now looking for a Lead Risk Expert, Model Risk Regulation to lead the Model Risk team’s role in interpreting and applying regulations related to models used in Nordea. The role holders will also be responsible for managing engagement with regulators on model risk matters on behalf of the Model Risk team.

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

Welcome to the Model Risk and Validation team. We add value by advising and challenging the business areas and functions to use models within the bank’s model risk appetite. As Lead, Model Risk Regulation you’ll play a valuable role in advising stakeholders in complying with models related regulatory requirements e.g. Capital Requirements Regulations, EU AI Act, etc.

What you’ll be doing:

• Lead and formulate the firm’s house view on regulations that apply to models used in the firm.
• Advise the First Line in complying with relevant ECB regulations that apply to models used across the firm.
• Manage and lead engagement with ECB and local regulators on model/model risk related matters.
• Provide advice to the Head of the team on model related regulations.
• Advise validation staff in interpreting relevant regulations.
• Set up and manage processes to undertake self-assessment on relevant model related regulations.
• Responsible for providing assurance on CRR articles not covered in the scope of the validation team.

You’ll join a model risk function that is helping the bank to safely use models to create value for its customers and shareholders. The role is based in Copenhagen; Helsinki; Stockholm; Warszawa.

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:

• Are an excellent communicator.
• Are a thought leader who leads by example and drives change.
• Act courageously in standing up to the firm’s value and reputation.

Your experience and background:

• 15 years of experience in dealing with model regulations such as CRR, EU AI Act, etc.
• Experience of leading the firm’s engagement with ECB JST on capital models (IRB preferred).
• Prior experience of working in a capital models regulatory engagement team in European GSIB/DSIB firms.
• Thought leader with strong communication skills.

If this sounds like you, get in touch!

Next steps

Submit your application no later than 12/12/2024.

At Nordea, we know that an inclusive workplace is a sustainable workplace. We deeply believe that our diverse backgrounds, experiences, characteristics, and traits make us better at serving customers and communities. So please come as you are.

Please be aware that any applications or CVs coming through email or direct messages will not be accepted or considered.

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

For candidates in Sweden: For union information, please contact [e-mail] or [e-mail].

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 processed 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 Łódź. 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 the processing of your personal data can be found at: nordea.com/en/doc/nordea-privacy-policy-for-applicants.pdf.

We reserve the right to reply only to selected applications.