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Senior Model Risk Analyst

Do you want to take part in managing model risk at one of the largest financial institutions in Northern Europe? Are you interested in statistical modelling, Machine Learning/AI and text-matching algorithms? And do you want to use your extensive analytical skills to assess and help improve complex models used for financial crime prevention?

You will be joining a community of highly experienced people with rigorous academic and scientific backgrounds. This is a group characterised by intellectual curiosity, knowledge sharing, and open discussion.

The team specialises in the validation of models applied by Danske Bank Group for customer risk rating, transaction monitoring, sanctions screening, and market abuse prevention. The Model Risk Management department, to which your team belongs, covers all models in Danske Bank Group. As a team member in Model Risk Management, you will therefore have the unique opportunity to contribute to and gain broad insight into the many different business areas of a leading financial institution.

Work across the business

As part of the validation process, you will research, analyse, test, and evaluate the underlying theory, mathematical methods, and numerical implementation of financial crime prevention and operational risk models.

Your conclusions, risk assessments, and recommendations will be presented to senior management in various risk committees and provide the basis for approval of use in the production of new and existing models.

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

"We celebrate multiple approaches and points of view. We believe diversity drives innovation."

You will:

  • Conduct end-to-end validation of models, including both quantitative validation (e.g., review model design, challenge core model assumptions) and qualitative analysis to test the effectiveness and performance of models
  • Communicate your findings in written reports and spoken presentations to model developers, owners, and senior management
  • Engage in discussion with model owners about mitigating actions based on observations found
  • Work in collaboration with model developers, financial crime prevention experts, and other specialists
  • Continuously develop your skills and competencies with financial crime, modelling methods, and validation practices
  • Assist Model Risk Management in staying at the forefront of the validation of new modelling areas, such as machine learning and AI

About you:

  • At least 2-3 experience working with models in a banking environment while working with financial crime prevention models would be beneficial
  • A MSc or PhD, e.g., in econometrics, statistics, mathematics, finance, or physics, with a strong mathematical track record
  • An analytical and goal-oriented mindset that enables you to identify and solve complex problems
  • Proven collaboration skills and the ability to build relationships across the bank with model developers and our partners in Financial Crime Compliance
  • Great communication and advanced English skills, both written and verbal
  • Hands-on experience with writing code in R, Python, or SAS and data analysis and manipulation in SQL, Hadoop, or other data platforms

We offer:

Monthly salary range from 3040 EUR to 4560 EUR gross (based on your competencies relevant for the job).

Additionally, each Danske Bank employee receives employee benefits package which includes:
    • Growth opportunities: professional & supportive team, e-learnings, numerous development programs; (incl. professional certificates); 100+ professions for internal mobility opportunities.
    • Health & Well-being: a diverse, inclusive, work & life balance work environment; health insurance from the first day of employment; mental well-being practices; partial psychologist counselling compensation; silence and sleep zones at the office; game rooms.
    • Hybrid working conditions: home office budget (after the probation period); modern Danske Campus workplace developed with anthropologist for the best employee experience.
    • Additional days of leave: for rest, health, volunteering, exams in higher education institutions, and other important activities. Moreover, for seniority with Danske Bank.
    • Monetary compensation package: accidents & critical diseases insurance; financial support in case of unfortunate events, travel insurance; IIIrd Pillar Pension Fund contribution.

Additional days of vacation

Health insurance from the first day of employment

Third pillar pension fund

Free parking & charging ports - cars, bicycles, e-scooters

See all the benefits HERE.

You have the opportunity to join a team where we are ambitious about creating value and supporting the effort to combat financial crime while having fun and learning to do it. Are you passionate about model applications in banking? Do you like to continue learning, have fun, and help combat financial crime? Then come join us in validating models for financial crime prevention.

Michel Solovej, Head of Compliance, Fraud & Operational Risk Models Validation

Apply via:

Send your CV

If you are interested, please send your CV in English no later than 05.10.2023. Confidentiality guaranteed.

Your title in job contract will be Specialist – Risk, Senior.