Quantitative Analyst I Stockholm, SEB
We are looking for a Quantitative Analyst to join the Non-Retail Credit Risk Modelling (NRCRM) team in SEB. The job offers an exciting mix of analytical challenges and professional development opportunities: developing credit risk models, understanding and abiding to regulatory constraints and explaining complex models to stakeholders on all levels across the bank.
Since SEB was founded in 1856, our focus on customers and long-term relationships has been at the heart of our success. We aim to drive positive change by providing capital to help everyone reach their goals and accelerate progress towards a sustainable tomorrow. As a leading financial services group in northern Europe, we'll help you grow and empower you to take on more responsibility to create a real difference. Welcome to SEB.
About the role
You will be part of a dedicated, expert team with broad exposure across the bank and excellent prospects for personal and career growth. NRCRM is part of the CRO organisation in SEB. Credit Risk covers IRB, IFRS9, and stress testing models across all jurisdictions and legal entities of SEB Group. As a Quantitative Analyst in the NRCRM team, you will be developing and maintaining IRB models that lie at the core of SEB’s risk management and capital framework.
As a Quantitative Analyst, you will:
-Conduct data collection, analysis, and model parameterization
-Develop, enhance and maintain models to support credit decisions, capital adequacy and pricing strategies
-Document model assumptions, accuracy, and data requirements
-Participate in regulatory and internal model development projects, collaborating with experienced quants and credit risk experts
-Develop strong relationships with stakeholders, such as presentinganalysis and results to internal stakeholders in risk, business and credit functions
-Help ensure models are used effectively by supporting their implementation in production and contributing to documentation and governance processes
You will have the opportunity to develop a deep understanding of quantitative risk modelling in banking, while continuously building your technical and professional skills in a supportive and intellectually stimulating environment.
The role is based in Stockholm.
Who you are
To succeed in this role, we believe that you:
· Have a genuine curiosity for data, modelling and credit risk
· Are structured and solutions-oriented, with a mindset focused on continuous improvement
· Enjoy quantitative problem-solving and are comfortable working with data
· Are a team player, who thrives in a collaborative environment, values knowledge sharing and contributes to a positive working environment
· Communicate clearly and can convey technical topics to various stakeholders
· Are responsible, reliable and willing to speak up and challenge when needed
Your experience and background:
· A Master’s degree within a quantitative field, including but not limited to Statistics, Mathematics, Finance, Economics and/or Engineering
· Strong analytical and problem-solving skills
· Hands-on experience working with data, analysis and modelling
· Proficiency in Programming – especially Python, SAS and SQL is an advantage
· Knowledge in credit risk modelling (e.g., PD, LGD and EAD) is an advantage
· Understanding of credit risk related legislation and supervisory guidelines (e.g., CRR and CRD) is an advantage
· Strong communication skills in English, both spoken and written; knowledge of Swedish is an advantage
Candidates for both junior and senior roles are encouraged to apply.
Do you want to be part of SEB?
It is our fundamental belief that inclusion and diversity is crucial for our future success. We strive to have an inclusive, value-driven culture where employees feel valued, respected, and involved irrespective of who they are, what they believe or where they come from.
Since we select candidates continuously, feel free to send in your application today via the link in this ad, but no later than 18th of January. If you have questions about the position, please contact Bujar Huskaj, Head of Non-Retail Credit Risk modelling team, by email bujar.huskaj@seb.se, but we will not process applications via email.
Please note that the recruitment process may take a bit longer due to the holiday season. We will get back to you as soon as possible.
Please be aware that our final candidates undergo background checks, a process that includes for example identity control, verification of qualifications, credit checks, company engagements and criminal records checks. In some cases, we also apply random drug checks.
SEB Sweden has a redeployment responsibility, why this position might be covered by internal redeployment.
Learn more about working at SEB on our Career website or through our Career podcasts.https://sebgroup.com/careerhttps://bit.ly/SEBcareer