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Senior Risk Specialist for Asset Management Model Validation

Do you feel drawn to the world of scientific analysis and enjoy engaging with mathematical models? Are you interested in understanding how mathematical models are used in finance? Do you have a strong intuition for the practical modelling of real-world financial and economic systems? Would you like to help us review, verify, and improve our models? Then join our Model Risk team in Group Risk Management.

Model Risk Management is responsible for driving the effort across the bank to identify, measure, and control the degree of risk related to mathematical models used across the business. Our team specialises in reviewing and validating the mathematical models used in Pension Life Insurance, Asset Management and ESG (Environmental, Social and Governance) assurance. 

We work with a high level of empowerment, so to a large extent, you will be able to influence and structure your own workday and choose the tools and innovative approaches to validate models.

We support a high degree of workplace flexibility (we currently use a hybrid work model, where we work at least 3 days in the office).

"Together, we continue to build an inclusive culture that encourages, supports, and celebrates the diverse voices of our employees. "

You will:

  • Work in collaboration with model developers, model owners, and other stakeholders reviewing model design, challenging core model assumptions and verifying implementation
  • Be responsible for conducting quantitative and qualitative analysis, communicating your findings in written reports and spoken presentations to model owners and relevant committees
  • Develop your quantitative skills and help build our in-house knowledge of model areas that have not previously been subject to validation reviews

About you:

  • You have a degree in a highly quantitative field (e.g. Mathematics, Physics, Chemistry, Engineering, Econometrics)
  • Experience in developing mathematical models
  • Proven interest and expertise in risk and finance
  • Experience in risk management would be highly beneficial
  • High written and spoken communication skills
  • Advanced skills in English, both written and verbal
  • Critical thinking, attention to detail, ability to plan and manage the deadlines

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.

Additional days of vacation

Canteen services and free fruits

Additional health insurance package

Third pillar pension fund

See all the benefits HERE.

Please do not hesitate to reach out to me if you have any questions about this role!

David Charles George Liney, Team Lead

Apply via:

Send your CV

If you are interested, please send your CV in English no later than 19.06.2024. Confidentiality guaranteed.

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