Would you like to learn and grow as you build your career with us? We are now looking for a Internal Audit Manager, Model Risk.
At Nordea, you’ll take part in supporting individuals, families, small start-ups, big companies and institutions. You’ll find that our choices – big or small – really matter. And your skills, passion for customers and unique background are what we need to provide the financial solutions of tomorrow. With us, you’ll be in good company with plenty of opportunities to grow and make your mark on something bigger.
Welcome to the GIA Model Risk team. We add value by supporting the Nordea Group Board and Group Executive Management in protecting the assets, reputation and sustainability of the largest bank in the Nordics. Model Risk team within GIA is responsible for providing audit assurance over controls covering end-to-end model lifecycle, including model governance, model development, implementation, monitoring and independent model validation.
As Internal Audit Manager, Model Risk you’ll play a valuable role in auditing the key models, including credit risk (IRB), counterparty credit risk (IMM) and market risk models (IMA) in line with ECB expectations establishing whether Nordea is following these key regulations. In addition, you will need to develop good stakeholder and team relationships as part of this role and work in a strong and technical audit team within the Risk and Finance team.
What you’ll be doing:
- Contributing to the execution of Group Internal Audit’s strategy
- Performing audits assessing Nordea’s governance, risk management and control processes
- Contributing to the delivery of GIA’s project portfolio
- Acting as Auditor in Charge in some audit projects
- Contributing to continuous risk assessments to direct assurance activities towards the significant risk areas
You’ll join the Group Internal Audit. The role is based in Warsaw; Gdynia; Helsinki; Stockholm. Some travelling is expected. Group Internal Audit prioritizes use of technology to facilitate efficient, flexible working. This means that although you will work with colleagues around Nordics, travel is kept at family and environmentally friendly levels.
Collaboration. Ownership. Passion. Courage. These are the values that guide us in being at our best – and that we imagine you share with us.
To succeed in this role, we believe that you:
- Have strong understanding of end-to-end model lifecycle (e.g. model development, implementation, validation, monitoring)
- Have practical understanding of relevant regulatory environment, including model risk management best practices
- Have strong collaborative skills and strong written and verbal communication skills, ability to communicate effectively with senior professionals
- Have high ethical standards with demonstrated integrity, tact, and diplomacy
Your experience and background:
- Excellent knowledge and understanding of model development or model validation techniques covering (any combination): credit risk, market risk, pricing, stress testing funding or liquidity models
- University degree in a quantitative subject such as Math, Physics, Economics or Finance would be a strong advantage
- Experience in the Internal Audit would be an asset
- Fluency in English
If this sounds like you, get in touch!
Submit your application no later than 21/08/2021.
At Nordea, we know that an inclusive workplace is a sustainable workplace. We deeply believe that our diverse backgrounds, experiences, characteristics and traits make us better at serving customers and communities. So please come as you are.
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