Develop, maintain, and enhance IRB credit risk models (PD, LGD, EAD)
Apply and improve SEB’s IRB modelling methodology in line with regulatory requirements
Perform independent analysis and challenge of model performance, assumptions, and usage
Set up and perform regular model monitoring, back-testing, and analysis of deviations
Collaborate with business, IT, validation, internal audit, and regulators
Support IT implementation of models and monitoring tools
Contribute to credit risk data quality initiatives and risk reporting
Prepare material for risk governance forums and supervisory reviews

3-5+ years of experience in banking, with strong knowledge of credit risk modelling
Strong data analysis skills, high accuracy, attention to detail, and ability to present complex topics simply to various stakeholders
Understanding of regulatory requirements and supervisory expectations for IRB banks
Understanding their interplay with IFRS9 ECL modelling framework and Pillar II area is a significant advantage Goal-driven, proactive, with good cooperation skills and a strong sense of responsibility
Delivery-oriented mindset, with initiative and ability to address challenges in a high-intensity environment
A degree in a quantitative area (Data Science, Mathematics, Statistics/Econometrics, Quantitative Economics, Physics, or Economics/Finance with strong quantitative skills)
Strong programming skills in Python, R, SQL, and understanding of latest code versioning practices
Excellent communication skills in English as daily work consists of Baltic-level projects

Being a part of a Baltic team with dedicated and experienced colleagues
Cooperation with various units of SEB bank and long-term career and development possibilities within the bank
Opportunity to take part in important development projects in the Baltics
Challenging, creative and high responsibility tasks, possibility to gain valuable experience and self-development
Dynamic environment, friendly and welcoming culture
Extensive training and learning opportunities
Attractive compensation, health insurance, other employee benefits
Flexible work environment, opportunity to work partly remotely

Risk Officer – Quantitative Risk Modelling

Key skills