Hybrid Senior Analyst, Model Validation

at Luminor Group

• Job title: Senior Analyst, Model Validation
• Job type: Full Time
• Experience level: Senior
• Salary: €3,270 - €4,910 per month
• Degree requirement: Bachelor's Degree
• Location requirements: Hybrid, Tallinn, Estonia

About the role

• Senior Analyst validating financial models for credit decisions at Luminor Group, a leading bank in the Baltics. Contributing to model risk management and compliance with regulations.

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
• 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 collaboration with other units to manage identified compliance gaps, issues and risks and implement action plans and recommendations
• Lead in providing internal trainings to bank colleagues on various validation and model risk management related topics

Requirements

• Good knowledge of 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 highly professional written material
• Ability to drive independently various assignments in risk management area
• Fluent English 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 skills

Benefits

• 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)
• Additional weeks of vacation available for employees who have been with the company for 1 year or more
• Volunteer time off for societal contributions
• 30 fully paid calendar days for military training each year
• Health insurance after the first 3 months in all three Baltic states
• Health days without a doctor's note needed
• Access to tools and resources for personal productivity
• Internal and external training programs, LinkedIn learning, workshops, conferences, online training
• Special offers & pricing for Luminor products & services