Analyst for Model Risk Management

Application period has expired.

Do you have an analytical mindset and feel an interest in getting a solid overview of risk management in one of the largest financial institutions in Northern Europe?

We are looking for a new colleague who has the motivation and skills to play an important role in the Credit Risk Model Validation (CRMV) team, a part of the Model Risk Management (MRM) department.

MRM plays an integrated and central part in Danske Bank’s risk management by providing an independent view of how new and existing models are performing. Currently, the 12 people in CRMV are responsible for credit risk models (LGD, PD, and CF), IFRS 9, and all credit decision models, but MRM covers all model areas in Danske Bank.

As a member of CRMV, you will work in collaboration with a diverse and highly skilled group of colleagues across various functions in MRM and key stakeholders (model developers and model owners), advising on model design, implementation, and performance.

We expect you to be able to encourage assignments/projects and ensure a high-quality outcome. Furthermore, we expect you to have experience applying your investigative skills, be proficient with data handling, and be able to transform insights from statistical analysis into actionable findings. We work with a high level of empowerment, so to a large extent, you will be able to influence and structure your workday and choose the tools and innovative approaches to model validation.

Depending on your experience and knowledge, we may offer you different seniority of the role.

"We’re open to people from all different walks of life and cultures joining our team."

You will:

  • Actively participate in various validation projects
  • Run a comprehensive analysis of the specific models and data applied using applicable quantitative methods and tools
  • Perform model validation by doing quantitative and qualitative assessments of the model
  • Based on the data analysis, interpret the results and write your conclusions as part of a report
  • Report and present your findings together with colleagues to relevant stakeholders, including senior management, business units and the Danish FSA (the regulatory supervisor of Danske Bank Group)
  • Gaining experience you will provide input to the validation process to optimize this

About you:

  • Hands-on experience with programming and data analysis in tools such as R, Python, or SQL
  • Previous experience with the validation or development of any models is a plus
  • University degree in a quantitative field (e.g., mathematics, physics, economics, engineering, statistics)
  • Team-oriented person with motivation and commitment to deliver high quality on time
  • Upper-Intermediate English, both spoken and written – and solid communication skills
  • Attention to detail, ability to meet deadlines with tight time constraints

If you're interested in this role and joining my team, feel free to contact me via LinkedIn, and I will answer your questions!

Morten Gadegaard Jørgensen, Head of Credit Risk Model Validation at Danske Bank

Application period has expired.

If you are interested, please send your CV in English no later than 17.03.2023. Confidentiality guaranteed.

Your title in job contract will be Specialist - Risk.