Market Risk Analyst

As a Market Risk Analyst, you will play a crucial role in managing and analyzing the bank's exposure to various market risks. This position is based in Lysaker (Oslo) and will involve close collaboration with Treasury, Capital Markets, Capital Management, and Financial Control, as well as our headquarters in Madrid. You will be part of a dedicated team responsible for the bank's liquidity risk, interest rate risk, currency risk, and counterparty risk, along with the valuation of financial instruments and analysis of ABS transactions.

As a Market Risk Analyst, your main responsibilities will include:

• Take responsibility for interest rate risk, currency risk, and the valuation of financial instruments and valuation adjustments (XVA), as well as contribute to new projects related to this.
• Identify and measure risk using risk models such as ALM (Assets and Liabilities Management) model, FX VaR, non-maturity deposits run-off, and the valuation of derivatives, where one must consider the parameters with underlying analysis.
• Monitor and control risk by reporting to financial authorities, internally, and to the headquarters in Madrid.
• Further develop the bank's risk models in response to increasing demands from European and local financial authorities, as well as the growing complexity of the bank's own business model.
• Ensure good governance around market risk, including policies, guidelines, setting risk appetite, and risk frameworks with underlying analyses.
• Monitor financial markets (using Bloomberg) and relate it to the bank's risk exposure.

The position may also take part of liquidity risk management tasks based on distribution between the team members and the task rotation in the team for backup and holiday planning.

We are looking for someone who wants to learn about how the bank is financed, which financial instruments the bank uses to manage liquidity, hedge interest rate risk, and currency risk. You will participate in making larger decisions regarding capital placement, hedging instruments or risk strategies, and your analysis will be used as a basis for decision-making. You will help ensure that regulatory requirements are met and will have the opportunity to contribute to the streamlining and automation of reporting processes.

Skills & Requirements

To thrive in the role of Market Risk analyst, we believe you should be analytical, curious, and structured. A strong problem-solving ability and a team-oriented mindset are essential.

• Higher education, preferably at the master's level in finance, economics, mathematics, or engineering studies with good results.
• Relevant work experience from banks, financial institutions, consulting firms, or financial regulatory authorities.
• Experience with accounting and financial statements is an advantage.
• Interest in complex models.
• Proficiency in oral and written communication in both Norwegian and English.
• Good programming skills and handling of large data sets. We use Python and SQL.

You are precise, reliable, and engaged, with the ability to challenge existing routines and lead changes. You can communicate complex issues in an easily understandable way and have the ability to prioritize multiple tasks simultaneously. You see yourself as a team player who easily switches between a leading and a supportive role.

If you would like to know more about the role, please contact Market Risk Leader Olav Furuseth, olav.furuseth[AT]gruposantander.com. Do not hesitate to apply if you find the role interesting; we are performing interviews on a rolling basis.

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

We perform background checks on all relevant candidates. In connection with background checks, a police certificate of good conduct and credit check must be presented for positions that require authorization and/or approval of suitability This is not carried out without prior consent of the candidate.