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Data Scientist for Climate Risk

Application period has expired.

Do you have a passion for understanding how climate changes could shape the future? Are you looking for an opportunity to deep dive into the financial consequences it could imply? Join our team of professionals and get to be part of interesting projects, complex data-crunching, and building solutions.

In the COO Risk Functions department, we develop and operate portfolio risk models for credit losses, internal stress testing and concentration risk. The models are key strategic tools for steering the bank. As a new venture, we are extending our stress-testing capabilities on our loan portfolio to include risks from climate changes.

Work in an international environment with lots of highly skilled colleagues

You will join a well-established team of 9 with strong quantitative backgrounds. Half of the team works out of Denmark, and the other half of the team works out of Lithuania. The team is placed in Group Risk Management and works in close collaboration with other risk teams, IT, Finance, and Business Units.

A key focus for the team is to develop solutions that can quantify the financial impact from a range of different potential futures arising from a changing climate. Whether it is from changing weather patterns or the transition towards a low-carbon economy due to new regulations and technologies, assessing its impact on different industries and the bank itself is of great importance.

You will:

Your role will be heavily involved in building the models and solutions necessary for assessing the risks and financial impact from climate-related scenarios.

Your main tasks and responsibilities:

• Develop models and methods for translating climate scenarios into effects on credit risk parameters and their derived risk measures
• Investigate and keep up with best practices within financial climate-stress testing
• Deep-dive analyses to uncover how different industries and their value chains could be affected by a changing climate and/or new regulations and technologies
• Learn credit risk models and banking to make your findings relevant in the context of the financial sector
• Work with stakeholders across the organization

About you:

To succeed in this role, you should be comfortable working on open-ended tasks and enjoy looking for solutions to problems where very little guidance exists. Furthermore, you must thrive in a self-propelled environment as you will have the empowerment to structure and drive activities.

• Strong quantitative background e.g. data science, mathematics, economics, actuarial science, physics, meteorology or similar
• Experience in statistical modelling, e.g. using Python, R
• Hands-on experience working with large amounts of data, e.g. using SQL
• Preferably knowledge working with GIS data
• You are a fast learner, result oriented and willing to collaborate in the team
• Fluent in English (both spoken and written)

Join our team to make a difference on climate risk. As a data scientist in our team you get the opportunity to help us quantify climate risks as rising sea level, drought, carbon pricing, change in customer behaviour and many more.

Lars Aagaard,

Application period has expired.

If you are interested, please send your CV in English no later than 03.12.2020. Confidentiality guaranteed.

Your title in job contract will be Data Scientist.

Please contact if you have any questions.
Lars Aagaard
Phone number +45 21 55 01 07