Risk Officer at Risk Department (Quantitative Risk Modelling) / Riska speciālists/-e | SEB, Riga
At SEB bank we play an important role in which businesses thrive in the Baltic countries and the sustainable actions they take. We work together with more than 1.5 million private customers in Estonia, Latvia and Lithuania to provide for their financial needs. Our goal is to support people, local businesses, and society in the pursuit of a better future. Today and for generations to come. Do you want to create a positive impact where it matters most? Welcome to SEB bank.
Group Risk is a global and independent control function at SEB. Our purpose is to understand SEB’s risk profile and prevent excessive risk-taking. We identify, measure, monitor, and analyze SEB’s risks, including credit, market, liquidity, operational, IT, and insurance risks. We offer an inclusive, value-driven culture where every employee feels valued, respected, and involved.
We are looking for a Risk Officer / Senior Risk Officer (Quantitative Risk Modelling) to work with IRB credit risk models while also contributing to key CRCU (second-line) credit risk control activities.
About the position
You will develop and maintain IRB credit risk models and ensure they are correctly implemented, monitored, and used in line with internal methodologies and regulatory expectations. The role combines quantitative modelling with independent risk oversight, close stakeholder collaboration, and regulatory interaction.
You can find here our job advertisement in Latvian here/Ar sludinājumu latviešu valodā var iepazīties šeit: SEB - Riska speciālists/-e Riska departamentā (kvantitatīvā risku modelēšana)
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Develop, maintain, and enhance IRB credit risk models (PD, LGD, EAD)
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Apply and improve SEB’s IRB modelling methodology in line with regulatory requirements
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Perform independent analysis and challenge of model performance, assumptions, and usage
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Set up and perform regular model monitoring, back-testing, and analysis of deviations
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Collaborate with business, IT, validation, internal audit, and regulators
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Support IT implementation of models and monitoring tools
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Contribute to credit risk data quality initiatives and risk reporting
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Prepare material for risk governance forums and supervisory reviews
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3-5+ years of experience in banking, with strong knowledge of credit risk modelling
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Strong data analysis skills, high accuracy, attention to detail, and ability to present complex topics simply to various stakeholders
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Understanding of regulatory requirements and supervisory expectations for IRB banks
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Understanding their interplay with IFRS9 ECL modelling framework and Pillar II area is a significant advantage Goal-driven, proactive, with good cooperation skills and a strong sense of responsibility
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Delivery-oriented mindset, with initiative and ability to address challenges in a high-intensity environment
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A degree in a quantitative area (Data Science, Mathematics, Statistics/Econometrics, Quantitative Economics, Physics, or Economics/Finance with strong quantitative skills)
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Strong programming skills in Python, R, SQL, and understanding of latest code versioning practices
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Excellent communication skills in English as daily work consists of Baltic-level projects
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Being a part of a Baltic team with dedicated and experienced colleagues
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Cooperation with various units of SEB bank and long-term career and development possibilities within the bank
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Opportunity to take part in important development projects in the Baltics
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Challenging, creative and high responsibility tasks, possibility to gain valuable experience and self-development
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Dynamic environment, friendly and welcoming culture
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Extensive training and learning opportunities
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Attractive compensation, health insurance, other employee benefits
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Flexible work environment, opportunity to work partly remotely
(before tax deduction).
There are two positions: Risk Officer and Senior Risk Officer. The final offer will depend on the experience and competencies of the selected candidate. The overall remuneration package consists of the salary together with other benefits.
Want to join SEB?
Welcome to our inclusive culture, where our shared values inspire and uplift our team. We celebrate diversity and strive to ensure every employee feels seen, heard, and valued.
We are looking forward to your application by 05 27, 2026. Since we select candidates continuously, feel free to send in your application before the deadline.
Learn more about working at SEB: Create your success story with SEB | SEB
It is our fundamental belief that inclusion and diversity is crucial to 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.
*Candidate must meet the requirements of Article 34.5 of the Credit Institutions Law
**AS “SEB banka” (Reg. No. 40003151743)