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Do you feel drawn to the world of scientific analysis and enjoy engaging with mathematical models? Are you interested in understanding how mathematical models are used in finance? Do you have a strong intuition for the practical modelling of real-world financial and economic systems? Would you like to help us review, verify, and improve our models? Then join our Model Risk team in Group Risk Management.
Model Risk Management is responsible for driving the effort across the bank to identify, measure, and control the degree of risk related to mathematical models used across the business. Our team specialises in reviewing and validating the mathematical models used in Pension Life Insurance, Asset Management and ESG (Environmental, Social and Governance) assurance.
We work with a high level of empowerment, so to a large extent, you will be able to influence and structure your own workday and choose the tools and innovative approaches to validate models.
We support a high degree of workplace flexibility (we currently use a hybrid work model, where we work at least 3 days in the office).
You will:
- Work in collaboration with model developers, model owners, and other stakeholders reviewing model design, challenging core model assumptions and verifying implementation
- Be responsible for conducting quantitative and qualitative analysis, communicating your findings in written reports and spoken presentations to model owners and relevant committees
- Develop your quantitative skills and help build our in-house knowledge of model areas that have not previously been subject to validation reviews
About you:
- You have a degree in a highly quantitative field (e.g. Mathematics, Physics, Chemistry, Engineering, Econometrics)
- Experience in developing mathematical models
- Proven interest and expertise in risk and finance
- Experience in risk management would be highly beneficial
- High written and spoken communication skills
- Advanced skills in English, both written and verbal
- Critical thinking, attention to detail, ability to plan and manage the deadlines
We offer
Monthly salary range from 3120 EUR to 4680 EUR gross (based on your competencies relevant for the job).
Additionally, each Danske Bank employee receives employee benefits package which includes:
- Growth opportunities: professional & supportive team, e-learnings, numerous development programs; (incl. professional certificates); 100+ professions for internal mobility opportunities.
- Health & Well-being: a diverse, inclusive, work & life balance work environment; additional health insurance; mental well-being practices; partial psychologist counselling compensation; silence and sleep zones at the office; game rooms.
- Hybrid working conditions: home office budget (after the probation period); modern Danske Campus workplace developed with anthropologist for the best employee experience.
- Additional days of leave: for rest, health, volunteering, exams in higher education institutions, and other important activities. Moreover, for seniority with Danske Bank.
- Monetary compensation package: accidents & critical diseases insurance; financial support in case of unfortunate events, travel insurance; IIIrd Pillar Pension Fund contribution.
- Additional days of vacation
- Canteen services and free fruits
- Additional health insurance package
- Third pillar pension fund
Location
- Vilnius, Vilniaus apskritis, Lithuania
Time of work
- Full-time
Languages
- English
- Lithuanian
Senior Risk Specialist for Asset Management Model Validation
Consider us as “the engine of the bank” – while we do not provide banking services to customers in Lithuania, we are the brain and muscle behind many of Danske Bank’s services to our global customers. Our high-quality delivery and can-do approach led us to becoming a strategic site for Danske Bank, an international community of 22,000+ colleagues worldwide.
Danske Bank Lithuania is Danske Bank’s strategic unit, providing finance, IT and global business services to serve our customers worldwide. We are on a journey to push the banking boundaries and make constant improvements in how we operate. We aim to do this by combining the best of two worlds: the strengths of what Danske Bank has built over 150 years and the approach of start-ups to what we are going to create in the future.
We see diversity as our potential, and the cornerstone of our company’s success, that will ensure our continued competitiveness and innovative strength.
We try to create an inclusive workplace where differences are our strengths and where people feel valued and can realise their full capabilities.
Because of that, the critical focus point for us is to be able to recruit, develop and retain employees without attaching any specific labels to them.