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Are you motivated and skilled to contribute significantly to the Model Risk Governance team within Danske Banks Model Risk Management department?
MRM is a crucial component of Danske Banks risk management, offering an independent assessment of model performance across all areas, including credit risk models (LGD, PD, CF) and IFRS9. With a team of 16, MRM supports significant personal and professional growth, empowering you to shape your workday, select tools, and apply innovative validation approaches. As a member of MRM, you will collaborate closely with a diverse and skilled team in Vilnius and Copenhagen, advising on model design, implementation, and performance. This collaboration enhances your experience and influence within the bank.
Your role includes coordinating and actively participating in projects, conducting comprehensive analyses using quantitative methods, and assisting less experienced colleagues. You will interpret data analysis results, write conclusions, and present findings to key stakeholders such as senior management and the Danish FSA. With gained experience, you will also contribute to optimizing the validation process.
We are seeking a highly skilled Senior Data Analyst to specialize in the data-centric aspects of credit risk model validation. In this critical role, you will ensure the integrity, accuracy, and robustness of the data used in our credit risk models, in alignment with regulatory compliance and industry best practices. This position offers the opportunity to influence risk assessment strategies and enhance the financial stability of our operations.
* Depending on your experience and knowledge, we may offer you different seniority of the role.
You will:
- Develop and implement robust data analysis methodologies to identify discrepancies, anomalies, and trends impacting model performance
- Collaborate closely with model developers and risk managers to ensure models are built on a solid data foundation by understanding data collection processes
- Design and execute data quality controls and validation rules using advanced data analysis tools
- Prepare detailed validation reports and documentation clearly outlining data issues, analysis results, and remediation steps
- Work with IT and data governance teams to enhance data quality and system improvements for model validation
- Provide expert guidance on how data findings affect model performance and risk predictions
- Stay updated with the latest developments in data processing technologies and risk modeling techniques to continuously refine data validation processes
About you:
- Bachelors degree in Data Science, Statistics, Economics, or a related quantitative field
- 4+ years of experience in data analysis, with a preference for backgrounds in credit risk environments
- Possess expertise in managing large datasets and performing complex data validations
- Proficient in SQL, Python, R, or other data analysis software
- Good understanding of regulatory frameworks related to credit risk, such as Basel Accords, IRB, and EBA guidelines
- Analytical and problem-solving skills, coupled with strong organizational and project management capabilities
- Independent, proactive, and motivated to enhance data-driven decision-making
- Upper-intermediate English skills
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
- Health insurance from the first day of employment
- Free parking & charging ports - cars, bicycles, e-scooters
Location
- Vilnius, Vilniaus apskritis, Lithuania
Time of work
- Full-time
Languages
- English
- Lithuanian
Alex Oleinikov
aole@danskebank.dk
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.
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Vilnius
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Deadline: 2024.12.31