Senior Analyst

Yes, you can That's our attitude towards our work, ambitions, ideas, and relationships. We at Luminor believe that anyone has the potential to achieve big things and encourage everyone to achieve them, professionally and personally.

Whoever you are and whatever your role is, with Luminor, you will get a once-in-a-lifetime opportunity to build a local banking champion.

Are you passionate about ensuring the reliability and accuracy of financial models in decision-making processes? We're seeking a dynamic individual to join our team as a Model Risk Management & Validation Senior Analyst. In this role, you'll play a pivotal part in validating and enhancing models crucial for credit decisions, IFRS 9 compliance, stress testing, and regulatory requirements.

• 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
• Gross salary. 2,880-4,320 EUR/month, which is to be determined depending on your level of experience and competencies

• 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

• 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

The application deadline is the 3rd of November. We are looking for a candidate primarily already located within the Baltics. Please apply with your CV in English and PDF format