Senior Quantitative Analyst for Model Risk Management (Temporary Position)

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Do you have the motivation and skills to play an important role in the Credit Risk Model Validation team, a part of the Model Risk Management department at Danske Bank? And would you like to get a solid overview of risk management?

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 16 people in CRMV are responsible for credit risk models (LGD, PD, CF), IFRS9, and all credit decision models, but MRM covers all model areas in Danske Bank. This position within a one-year contract offers numerous opportunities for both personal and professional development.

We operate with a high level of empowerment. You will have significant freedom to influence and structure your workday, choosing the tools and innovative approaches for model validation. You will also have the opportunity to work closely with colleagues throughout the entire MRM department.

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

You will:

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. You will:

Coordinate projects, where you also will play a focused participant in getting the work done
Organize and run a comprehensive analysis of the specific models and data applied using applicable quantitative methods and tools
Assist less experienced colleagues on assignments/projects
Based on the data analysis, you will interpret the results and write your conclusions

Having concluded, you will 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). And gaining experience, you will provide input to the validation process to optimise this.

About you:

We are looking for a team-oriented person with the motivation and commitment to deliver high-quality results on time. You should be capable of managing assignments and ensuring 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 also hope you bring the following to the team:

A university degree in a quantitative field (e.g., mathematics, physics, economics, engineering, statistics)
Experience in validating IRB models, solid knowledge of the relevant regulations, and the ability to interpret these requirements
A minimum of 3 years of model validation or model development experience, preferably using analytical tools such as Python and/or SQL
A thorough understanding of data quality and key sources of data
Upper-intermediate English, both spoken and written, with solid communication skills
The ability to meet deadlines within tight time constraints.

We offer:

Monthly salary range from 3120 EUR to 4680 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; additional health insurance; 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.