Model Validation Quantitative Analysts recruitment

Model Validation Quants to join Nordea Group Market Risk Management in Copenhagen

We are looking for experienced model validation quants with experience in Equity, Credit or FX, that will be part of a team responsible for the model validation and model approval processes of the bank. You will work closely with the other members of the team and other market risk teams as well as having extensive contact with other areas of the bank, interacting directly with Front Office quants and trading desks. Your assessments will form important input for senior management risk decisions.

You will be responsible for ensuring that the models for risks and P/L are correct and used appropriately, provide independent oversight and avoid the impact of model risk. Tasks including development of consistent standards for the model validation and methodologies, understanding products and trading strategies and develop model specific stress tests, challenge front office models by suggesting improvements and quantifying model imperfections. You will have the ability to develop independent models to mitigate and measure model risk and support the development of new products and new business initiatives. You will summarize your job in validation reports for the senior management.

It is all about people

We deal with complex issues and often with limited time to take decisions. We therefore seek applicants that already has proven to be among the best of equals and who shows great potential for further personal and professional development. We offer a unique opportunity in the Nordic region to work with financial models for complex financial instruments, where you can use your experience to play a key role in the continued development of Nordea’s risk management framework. Relocation support can be expected for experienced international profiles.

You get motivated by working with new challenges every day

Our ideal candidate has experience (2-5 yrs) as a quant from an international investment bank. You must have a relevant experience developing models and an in depth knowledge of them, as well as good understanding of markets and products. You also must show ability to work for different asset classes (IR, Equity, FX and Credit).

Your background is a PhD in a quantitative field (Physics, Maths or Engineering) with a strong mathematical component from an internationally recognized institution. Strong analytical and problem solving skills, as well as programming experience in Matlab and C++.

We set high standards for quality and precision in what we do so it is crucial that you are committed to quality and strive always to deliver you best. You communicate effectively and are able to work in a team and independently. You master English both written and oral fluently.

For additional information, please contact HR Partner Linette Emborg on phone +45 33 33 40 25.

Please send your application with updated CV, exam transcripts and diplomas no later than 11 June 2012 by using our electronic application form on Nordea.com/career. Use job id 113701.

Group Market Counterparty Credit Risk is a division within Group Risk Management. Currently we employ approx. 40 professionals from several countries, all situated in Copenhagen, working in different fields of market risk management. Nordea is the leading bank in the Nordic region and one of the best performing banks in Europe with a strong capital base, a large diversified client portfolio and AA rating.