About the role

Join Luminor as a Senior Analyst in Model Risk Management & Validation. Validate models crucial for credit decisions and regulatory compliance in a dynamic banking environment.

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
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

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.
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