Vacant job

Do you want to work in a central role where you contribute to ensuring the quality of the bank's most critical risk models? Then the role of Quantitative Analyst (Model Validation) might be for you. As a Quantitative Analyst, you will become part of the Risk Control function and combine analysis, model monitoring, and regulatory requirements in a role with significant responsibility and close collaboration with the business units.

About the Role
In the role of Quantitative Analyst, you are responsible for the independent review, validation, and monitoring of the group's models, in line with the bank's model risk framework and regulatory requirements. The role also includes further developing the bank's governance and processes for model risk management in close collaboration with the business. You will become part of the Risk Control function in the second line of defense and work closely with both model developers and analysts in the first line.
The role involves both in-depth analysis of model performance and practical validation to ensure that models are robust and function as intended, both before and after implementation. You are also responsible for further developing and maintaining the bank's framework for model risk management. In this role, you will be responsible for, among other things:

• Documenting validation results with clear recommendations and risk levels

• Preparing independent validation reports for management and relevant committees

• Supporting model owners in action plans and following up on progress

• Contributing to consolidated risk reporting of model risk indicators and status

• Identifying training needs and contributing to training materials and knowledge sharing

Who Are You?
We believe that you, as a candidate for this role, thrive in an analytical environment and have a good ability to combine accuracy with a pragmatic and solution-oriented working style. You can work independently but also appreciate close collaboration with colleagues in different parts of the organization. You have a good ability to see both the details and the big picture, and you are communicative and confident in explaining complex issues in a clear and understandable way. Furthermore, we see that you are unpretentious and receptive to different opinions and inputs but stand firm in your decisions, which is an important part of thriving in this role. You also enjoy taking significant personal responsibility and initiating actions.

Experience and Qualifications

• Academic degree in economics, finance, mathematics, statistics, or another quantitative field

• Good knowledge of database management and tools such as Excel, SQL, Python, R, or similar

• Excellent ability to express yourself in Swedish and English, both orally and in writing

• Meritorious experience from financial or regulatory operations, particularly in risk modeling or credit risk

• Understanding of relevant risk parameters (PD, LGD, EAD) and credit-related legislation (FI, EBA, ECB, CRR/CRD)

About Svea Bank
Svea is a financial group with over 2,000 employees and operations in several European countries. With more than 40 years of experience, we are proud to offer innovative and sustainable financial solutions to our customers. Svea is characterized by a family-like corporate culture where every employee contributes their unique competence and engagement. Our corporate culture emphasizes community, decisiveness, and work-life balance. Welcome to join us on our exciting journey!

Application
Unfortunately, we are not able to accept applications via email. Selection and interviews are conducted on an ongoing basis, and we wish to fill the position as soon as possible, so please submit your application today. If you have questions regarding the position, you are warmly welcome to contact Johanna Rooth at [email protected].