Market Risk Manager
It’s an exciting time for you to join us. We’re a changing company with big ambitions and together we’ll create the future of banking. Working with us, you will play a part in building a better bank helping our customers around the world improve their lives and reach their goals. Interested in coming on the journey with us?
In Market Risk Infrastructure we develop Nordea’s market risk system which serves customers across the Nordea Group with market risk information and limit monitoring. The Market Risk Infrastructure team is part of Group Risk Management and Control (GRMC), which independently controls and monitors all aspects of risk including credit, market, liquidity and operational risk in Nordea. We are passionate about quality and integrity in our deliveries ensuring that Nordea achieves “best in class” risk management solutions.
The mission is to enable business in a prudent way, ensure no surprises and help Nordea create and grow business in a controlled way.
You will be working in the space between market risk models and infrastructure and we expect you to be able to work closely with a variety of stakeholders to deliver results. Distinct analytics skills, understanding risk modelling and the interest to work in an international division are important.
As a major contributor to the market data project, you will be part of the development of the new Market Data Hub, which seeks to deliver golden sources for market and static data across all units of Nordea.
The tasks will range from retrieving data from internal and external sources, ensuring data integrity and traceability, to constructing and validating market data implied by models, understanding the basics of the risk models. Time series management is a crucial component of this.
Some of your key activities will be:
- Collection and management of market data from raw to derived objects
- Understanding how a change in the market data can affect the risk models and capital numbers
- Create blue prints of the target market data infrastructure and be responsible for how to reach that
- Be a project participant in the Market Data Hub project and represent risk management in that project
- Time series management and data modelling
- Handling complicated market data objects like rate curves, volatility surfaces etc.
The role is based in Copenhagen.
Who are you
We are looking for a candidate who is a team player and not afraid to make decisions.
The ideal candidate has experience in the market risk area, is tech-savvy and can take ownership of tasks driving them from beginning to end.
You are outgoing, communicate effectively, and can build good relationships with colleagues with diverse competences, nationalities and job responsibilities.
It is important that you have a strong interest in both risk management and data management, and are willing to work on the borderline of these areas.
You should be familiar with a range of financial instruments and have a good understanding of the basics of valuation of financial derivatives, understand derived market data objects like curves and surfaces as well as basic knowledge in data architecture, database management and IT systems.
Additionally, you have successfully worked with IT departments and their developers.
Other key competencies:
- Master degree within Economics, Mathematics, Finance, or similar
- Minimum of 5 years’ experience in Financial Markets
- Programming skills (e.g. SQL, VBA, Python, Java)
- Strong written and verbal skills in English
If this sounds like you, we look forward to welcoming you to the team!
Please send your application with CV and other relevant documents in English no later than 17/06/2018 by using our electronic application form.
We believe that diversity improves team performance. Therefore, we strive to form teams with a mix of people of different genders and ages, and with different backgrounds and experiences.
Great people often know great people – please share if you have a friend who would love this job.
To all recruitment agencies: Please note, we don’t accept unsolicited resumes for any of our positions. All contact regarding agency resumes should be directed to Nordea Talent Acquisition handling everything related to recruitment.