Head of Wholesale IRB Model Validation
Nordea Bank Abp, Filial i Sverige / Bankjobb / Stockholm
2025-07-14
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hela Sverige Nordea is a leading Nordic universal bank. We are helping our customers realise their dreams and aspirations - and we have done that for 200 years. We want to make a real difference for our customers and the communities where we operate - by being a strong and personal financial partner.
Job ID: 30395
Are you ready to lead a skilled and high-performing team of resourceful and resilient model validators? We are now looking for a committed and passionate Head of Wholesale IRB Model Validation and Model Risk Lead, Wholesale IRB Models to a permanent position.
About our team
Welcome to Model Risk and Validation! As part of Group Risk, we are an independent second line of defense unit for model risk management, model validation and independent risk oversight across the Nordea Group. We carry out independent validation activities of all models used across Nordea. In addition, we safeguard and support prudent risk management including risk appetite framework, rule setting in the form of policies and controls and risk reporting.
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:
* Overseeing and managing model risk and validation of Wholesale Credit IRB models by collaborating with business to ensure that the IRB wholesale models are robust and compliant.
* Develop and maintain expertise within Wholesale Credit IRB model validations in the team
* Responsible for IRB wholesale model validations and communication of validation results, issues and solutions to stakeholders
* Provide guidance to Model owners and Model developers on best-practice on development and documentation of models
* Lead model validation engagement for Wholesale IRB models with ECB JST and on-site model exams.
* Develop and maintain Wholesale IRB validation manuals and procedures in line with regulatory requirements. Ensure testing libraries in the model validation platform are maintained
* Plan and deliver validations in a timely manner of all new and existing Wholesale Credit IRB models in line with Nordea's IRB roll-out plans.
The role is based either in Denmark, Finland, Sweden and Poland.
Who you are
We are looking for a committed leader with:
* Deep knowledge of Wholesale IRB models, validation and model risk
* A Master's degree or PhD in Finance, Mathematics, Economics, Statistics, Actuarial Science, Engineering or a relevant related field
* Leadership experience with an ability to attract, develop and retain talents as well as provide guidance in the daily work, including supporting the team in challenging the model owners and leveraging the team's technical skills to address business issues and fulfil financial objectives
* Excellent stakeholder management and networking skills with an ability to drive the agenda of the unit in a large complex financial institution
* Solid planning, project and process management skills with a strong track record of concrete deliveries
* Outstanding communication skills, both in written and spoken English, with an ability to tailor wording depending on the audience
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 03/08/2025. For more information, you're welcome to contact Head of Model Risk & Validation Anurag Chavan,
anurag.chavan@nordea.com.
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 union information, please contact
finansforbundet@nordea.se or
SACONordea@nordea.com.
Ersättning Undefined
Så ansöker du Sista dag att ansöka är 2025-08-03
Klicka på denna länk för att göra din ansökan Arbetsgivarens referens Arbetsgivarens referens för detta jobb är "30395-43520345".
Omfattning Detta är ett heltidsjobb.
Arbetsgivare Nordea Bank Abp, Filial i Sverige (org.nr 516411-1683)
Arbetsplats Nordea
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00000000 Jobbnummer 9427823