Head of Model Risk in Valuation Management & Control

Job ID: 17969
We are looking for a dedicated Head of Model Risk to join the management team in Valuation Management & Control (VMC).
As the Head of Model Risk, you will have the opportunity to lead and empower a team of specialists in the area of model risk, work with your colleagues in the management team of VMC towards our common goals, proactively engage with stakeholders across the lines of defence in the area of model risk in ensuring the performance of pricing models and methods for quantifying model risk, as well as drive deliveries both internally and externally towards our regulators.
Your future responsibilities
As the Head of Model Risk, you will be part of the management team in Valuation Management & Control (VMC) in Market and Treasury Financial Control (MTFC). You will play a key role in VMC in driving the work of the model risk team, developing new methods for quantifying model risk and ensuring sufficient performance of Nordea’s pricing models. You will be working with stakeholders across Front Office and the 2LoD and ensure we meet regulatory expectations in the area of model risk.
Model Risk is responsible for the ongoing monitoring of valuation model performances, the assessment of model sufficiency when introducing new products and the calculation of model uncertainty measures under the prudent valuation framework.
What you’ll be doing:
The team works with business developed solutions in Python, version controlled and shared using Git, hence, experience with coding and version controlling is an advantage. The team is based in both Copenhagen, Denmark, and Warsaw, Poland. The team comprises people of different nationalities and tasks are performed in a supportive atmosphere with a feeling of joint responsibility.
The role can be based in Copenhagen or Warsaw.
Who are you
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:
Your background:
If this sounds like you, we look forward to welcoming you to the team!
Next steps

Submit your application no later than 16/08/2023. For more information, you’re welcome to contact Sabine Schönangerer.

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.
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