Senior Model Validation Specialist
Are you passionate about Credit Risk, Statistics and Data?
In Swedbank you have the opportunity to:
- Validate (e.g. gather and analyse data, perform quantitative tests) IRB and IFRS 9 credit risk models, document and present validation results to different counterparties;
- Participate in the development of the IRB and IFRS 9 validation methodology;
- Perform and coordinate validation of the models, model changes and materiality assessments and document the results; ensure that validation documentation is complete, consistent, accurate, updated and approved;
- Perform various data and ad-hoc analysis;
- Collaborate with model developers, model implementors and other counterparties to ensure speedy review and validation of the models and methodologies;
- Work in an international organisation together with experienced and supportive colleagues;
- Develop professionally and personally.
What is needed in this role:
- MSc, MA or PhD degree in Economics, finance, Mathematics, Statistics, Physics or another quantitative/numerical field;
- Knowledge and experience in banking or credit risk management or credit risk modelling/validation; knowledge in IRB or IFRS 9 areas in particular is a plus;
- Experience with modelling tools or programming e.g. SAS, SPSS Modeler, SQL, R, Python;
- Experience in data analysis;
- Good communication skills and ability to write clear reports in English;
- Excellent analytical skills and result oriented mindset;
- A team player with ability to plan your work and perform without supervision.
At Swedbank we believe that people are our core strength. Our culture is built on respect, inclusion and openness. We support continuous development and enable you to take the lead in your career and find inspiring challenges. We take care of your wellbeing by providing a sustainable and flexible working environment. As an employee you will be part of the Group performance program, offered a company pension plan, optional health insurance, as well as other benefits. We are guided by our values: Open, Simple and Caring. It’s all about delivering a positive and unique experience for our customers through collaboration and team-work – together we make a difference.
"Join our team and...
be a part of an international team of qualified professionals responsible for validating the credit risk models used by Swedbank. We assure that models are appropriate for the intended use and compliant with internal policies and external regulations. Our goal is to increase the bank’s understanding of a models’ limitations and weaknesses and contribute to the ongoing model improvement." Yvyan Merzin, your future leader
We look forward to your application at 26.03.2023 the latest.
We may begin the selection during the application period, so we welcome your application as soon as possible.
We have made our choice regarding recruitment media and therefore kindly decline contact with ad sellers or sellers of other recruitment services.
If you are to be employed in Estonia, please note that the salary offered for this position ranges from 3300-5000 EUR gross i.e. before taxes. Read more here!
Swedbank does not discriminate anybody based on gender, age, sexual orientation or sexual identity, ethnicity, religion or disability – everybody is welcome.
- Job area
- Risk management, compliance and legal
- Credit Risk
- Remote status
- Hybrid Remote
Workplace and culture
We are about 15 000 colleagues working mainly in Sweden, Estonia, Latvia and Lithuania.
Working together is important to us. We achieve the best results when we learn from each other and use our values Open, Simple, Caring to guide us every day.
We believe in diversity and inclusion and show this by treating customers and colleagues in the same respectful way.
About Swedbank Group
We serve local communities and are proud to play an important role there as well as being a key part of the financial system.
We are dedicated to developing close relationships with about 7.3 million private and 600,000 corporate customers.
Our passion is to help people to save for a better future. We work every day to support people, businesses and society to grow by promoting a healthy and sustainable economy.
Senior Model Validation Specialist
Loading application form