Hybrid Senior Analyst, Model Validation

at Luminor Group

• Job title: Senior Analyst, Model Validation
• Job type: Full Time
• Experience level: Senior
• Salary: €2,880 - €4,320 per month
• Degree requirement: Bachelor's Degree
• Location requirements: Hybrid, Riga, Latvia

About the role

• Senior Analyst ensuring accuracy of risk models for Luminor Group. Leading validation processes and contributing to risk management frameworks for banking operations.

Responsibilities

• Periodically perform and lead validation or risk models used for credit decision making, IFRS 9, internal stress-testing and ICAAP/ILAAP
• Contribute and lead validations of models that are part of Luminor model inventory and validation plan.
• Contribute to the development and maintenance of requirements for validation of risk models in Luminor
• Contribute and drive the development and maintenance of Model Risk Management Framework
• Outline and discuss model risk related findings with different stakeholders within Luminor
• Prepare and present validation reports for approval
• Drive the collaboration with other units to manage identified compliance gaps, issues and risks and to implement action plans and recommendations
• Lead in providing the internal trainings to other bank colleagues on various validation and model risk management related topics

Requirements

• Good knowledge of the Bank products, processes, IT systems, and regulatory environment surrounding risk management areas
• Strong understanding of mathematical/statistical concepts needed for quantitative risk management
• Strong communication and presentation skills, ability to create a highly professional written material
• Ability to drive independently various assignments in risk management area. Fluent English is required in spoken and written communication
• Initiative to learn quickly new tasks
• Innovative and change mindset
• Thoroughness, accuracy and accountability
• Analytical thinking and ability to make decisions quickly
• Time management

Benefits

• Flexibility. Flexible working hours, Hybrid work, and the possibility to work from anywhere in the EU, Iceland, Switzerland, and the UK (in total 90 days per year)
• International teams. Teams that go outside Pan-Baltic borders, where people value challenging work together with good humor and having fun
• Culture. You’ll be joining a team where things move fast, ideas flow freely, and change is part of the everyday. It’s a dynamic environment that keeps you learning, growing, and never bored
• More vacation. Additional weeks of vacation are available to all employees who have been in the company for 1 year or more
• Volunteer time off. We care about giving back to society, therefore, you will get additional days off for volunteering purposes
• Paid leave. We are proud of our employees who are participating in military training. Therefore, Luminor offers 30 fully paid calendar days for military training every year
• Health benefits. A competitive benefits package in addition to your salary that includes health insurance after the first 3 months pass in all three Baltic states, as well as Health days in case of your absence due to sickness without a doctor's note needed
• Wellbeing. Access to tools and resources that help you feel good and be productive at work and in life
• Professional growth. Internal and external training programs, LinkedIn learning, workshops, conferences, online training, etc
• Special Offer for Luminor products & services. Enjoy special offers & pricing for products and services provided by Luminor