Senior Risk Specialist for Market Risk Model Validation

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Are you interested in understanding how mathematical models are used in finance? Do you have an intuition for the practical modeling of real-world financial and economic systems? If yes, then join our Model Risk team in Group Risk Management and help us review, verify, and improve our models.

Model Risk Management is responsible for maintaining 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, Market Risk and ESG (Environmental, Social, and Governance) assurance.

This position can be located both in Lithuania and Denmark.

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

You will:

Work in collaboration with developers, Market Risk managers and other stakeholders reviewing model design, challenging core model assumptions and verifying the 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 modeling skills and assist in building out Model Risk platform
Engage with senior stakeholders to support our interaction with regulators
Grow as a Subject Matter Expert (SME) in Market Risk to help support the wider team

About you:

2–3 years of experience working in risk specialist, analytical or banking role
Degree in a quantitative field, such as Mathematics, Physics, Chemistry, Engineering, Econometrics
Curiosity and interest in Financial Markets
Solid written and spoken communication skills
Critical thinking and attention to detail with the ability to plan and manage deadlines
Team-oriented and proactive mindset
Upper-Intermediate English skills

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: Work from home up to two days a week; 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.