Stress Test Risk Analyst

The Capital Risk department is looking for a Risk Analyst to be responsible for IRB analytics and stress-testing across the Nordic countries. The right candidate must have an analytical mindset and good quantitative skills. The position requires a good understanding of credit risk and credit risk modelling that you either already have or will eventually develop in this role. We are a diverse team of 6 people, engaged in sports and social activities arranged in the bank. We are all located at Lysaker and mostly in the office every day (though we offer flexibility), which contributes to our social well-being.

You will work across the Nordics, learn about how macroeconomics affects the bank and will eventually get a comprehensive picture of how the credit risk performance of the bank's customers and other major decisions in the bank impact potential losses and changes in the capital ratios. You will work closely with the entire Risk division, Capital Management, Capital Control and our parent company in Madrid, and present your work to senior management. You will be reporting to the Capital Risk Leader.

Besides stress-testing, other key responsibilities will be the reporting and monitoring of the IRB and capital risk reports, the impact analysis of risk parameter changes, or ad hoc capital related analytics. This position requires getting well acquainted with the data structures of the bank and an ability to solve technical problems on an ad hoc basis. Thus, if you are looking for an opportunity where the scope of work is very varied, this is the position for you.

As stress test responsible you will:

• Perform stress tests related to ICAAP, budget and EBA EU-wide stress test to calculate potential credit losses and link it to the bank's capital ratio
• Own, propose improvements in and ensure the development of models that calculate probability of default (PD) and loss given default (LGD) in different portfolios under stress scenario
• Develop stress test methodology for Climate risk and Residual Value risk
• Automate data collection and develop methodology, by among others gaining better insight into the methodology of the FSA
• Monitor macroeconomic development and internal factors such as changing business model and link it to the bank's potential losses
• Ensure good governance around stress testing, including policies, guidelines and setting risk appetite for losses in stress scenario
• Keep an overview of current regulations and guidelines on stress testing from both European and Norwegian authorities (EBA guidelines, FSA guidelines) and monitor new regulations that come and best practices from other actors

Other tasks related to IRB and Capital Risk reporting:

• Monthly and quarterly reporting and monitoring of the key metrics
• Quarterly impact analysis of IRB parameters

Qualifications and experience:

• Higher education, preferably a master's degree within Business/Finance/Economics or similar fields
• Good programming skills. We use SAS, Python and SQL, but knowledge of any other programming language is welcome
• Previous experience working with analytics and data mining

Skills and personal traits required to succeed:

• You are organized, structured and able to execute timely on the plans and tasks with determination
• You have strong problem-solving skills and attention to detail
• You are flexible and service-oriented, willing to go the extra mile when required
• You are accurate, reliable and committed, and take pride in delivering high-quality work

We offer:

• An opportunity to work in a large, high-performing international company, in a dynamic environment that is constantly changing
• A corporate culture that is professional, yet informal, customer and value driven
• Highly competent and dedicated co-workers with strong collaboration across the Nordics
• A high level of diversity and multi-cultural working atmosphere
• A strong focus on learning and development
• Multiple sports and social events

Location is Lysaker (Oslo). For more information about the position, please contact Ana Prieto, Capital Risk Leader, by e-mail: ana.rosa.prieto[AT]gruposantander.com or mobile: +47 4889 4116.

We perform background checks on all relevant candidates. For positions that require authorization and/or confirmation of suitability, a police certificate of good conduct and credit check must be presented. Background check is carried out with prior consent from the candidate.