Head of Models and Measures in Group Counterparty Credit Risk,Senior Quantitative Analyst and Quantitative Analyst
If you have a superior quantitative university degree (Ph.D.) and good knowledge about counterparty credit risk, please apply for these attractive jobs at Nordea covering both newly graduated, Senior Quantitative Analyst and Head of Nordea’s global modelling of Counterparty Credit Risk.
Nordea is one of the few international banks - and the first in the Nordic region - that has been approved as an IMM bank (approved to use the Internal Model Method). This means that we in Nordea are measuring our global credit risk in derivatives trading by advanced simulation models. During the last 3 years we have advanced our global risk infrastructure and quantitative modelling expertise considerably.
This strong platform provides the basis for accelerated further development to serve more complex business needs by advanced modelling.
We are therefore continuously upgrading our quantitative competences and are currently looking for 3 different profiles.
Head of Models and Measures in Group Counterparty Credit Risk
You will be manager of a highly dedicated group of quantitative analysts, each with strong quantitative skills and experience from a dynamic and fast growing business activity.
You will be part of the Group Counterparty Credit Risk Management team, and be a key member of risk committees. You will be responsible to ensure that our models and risk measures meet international standards.
Senior Quantitative Analysts to Counterparty Credit Risk Modelling and Measurement Team
The heart of the enhancement is our risk engine. You will take part in both maintaining and developing the existing production set-up, where ongoing validations of our models (such as backtesting) is core maintenance, whereas the development part includes pioneering work from asset class modelling to various risk measurement issues such as stress testing and wrong way risk. Depending on your competences and experience, opportunities would include heading a sub-model team with own responsibilities.
As a Senior Quantitative Analyst you will play a lead role in analysing, developing, calibrating and validating the stochastic asset class models used in exposure calculations. We continuously expand our modelling landscape.
The job also includes the estimation and handling of counterparty credit risk in exotic and more traditional products. This occasionally incurs short deadlines while having to assess and analyse products or specific trades, challenges that you will naturally take on, given your background.
Quantitative Analyst
With a superior quantitative university degree, high ambitions and personal drive you want to take part in the daily challenges described above and be able to develop to a senior level.
Develop a sustainable counterparty credit risk framework
We are ensuring that Nordea’s global set up for managing counterparty credit risk exposure in derivative contracts meet international standards. Our brand new risk management framework and infrastructure makes it possible to expand Nordea’s derivatives business with, for example, new products and competitive pricing through effective risk and capital management. We accomplish this by close co-operation, primarily with the trading floors, and many other stakeholders as one Nordea team.
Professional, committed and proactive
You will be working with highly skilled (Ph.D-level) and motivated colleagues in a constantly changing, informal and transparent environment. We focus on offering you to thrive through on-the job learning supplemented by the education you need.
The ideal candidates for the jobs are independent team players having a very strong quantitative background in e.g. physics, mathematics, statistics, bioinformatics or quantitative finance, and most likely a Ph.D.
As a Senior you would additionally have 3-4 years of knowledge and working experience with modelling financial derivatives products. Your experience includes working with models of one, preferably more, of the various asset classes used for trading (interest rate curves, FX, equity, commodities, credit spread curves). You must have a firm grasp of Excel and SQL. Excellent skills in MatLab and experience from project work are an advantage.
You communicate effectively and are able to build good relations with colleagues with very diverse competences, nationalities and different needs. You master English (both written and oral) fluently.
Applying for the team Head position you have all this plus a strong background as manager of model teams.
Please send your application with CV and other relevant documents in English no later than 26 August 2013.
Please mark it with either “Head”, “Senior” or “Quant”.
Group Counterparty Credit Risk’s ability and capacity to offer solutions that support strong credit risk management and continued business development is vital for Nor-dea. This requires staff that are highly motivated and are confident with high re-quirements both in quality and quantity. In return we offer a daily exciting working environment among highly skilled colleagues and the education and support you need to enhance your competences. Group Counterparty Credit Risk is based in Copenhagen.
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