Senior Quantitative Risk Manager in DNB Markets
Are you interested in financial valuation and quantitative risk and ready to take the next step in your career?
Our people are the DNA of DNB. Since 1822, bright minds have worked together to find the best solutions for our customers. Today, DNB is much more than Norway's largest bank, and a key player in the Norwegian economy. We are a technology driven financial institution, constantly adapting our operations and tailoring our services to the time we're living in and to the future.
In DNB, you'll find a wide range of career opportunities in Norway and internationally. We are among the best companies in the world when it comes to gender equality, and we take good care of the diversity represented by the people who choose to work here.
Senior Quantitative Risk Manager in DNB Markets
Are you interested in financial valuation and quantitative risk and ready to take the next step in your career? The Valuation and Counterparty Credit Risk team within DNB Markets Risk Management is seeking a Senior Quantitative Risk Manager to enhance its capabilities in derivative valuation and counterparty credit risk.
About us
DNB is Norway's top financial services group, offering a wide range of services including loans, savings, advisory services, insurance, and pension products for retail and corporate customers. We are a world-leading shipping bank and have a strong presence in the energy and seafood industries. We assist our clients in important strategic and financial decisions such as mergers and acquisitions, raising equity and debt capital, and strategic consulting.
The DNB Markets Risk Management department consists of 28 employees and is situated centrally in Oslo, Bjørvika. The department acts as a central enabling, control, and advisory function within DNB Markets. Its responsibilities include identifying, quantifying, and reporting on risk factors, implementing valuation methodologies, evaluating the impact of new regulations, and maintaining the related systems and software solutions. The department collaborates closely with trading, treasury, IT, second-line risk, and other functions throughout the organization.
About the role
The Valuation and Counterparty Credit Risk team is responsible for implementing, configuring, and maintaining systems for valuation and counterparty credit risk across asset classes. The team uses a combination of third-party systems and internally developed solutions. Due to upcoming regulations and infrastructure modernisation, the team is looking to enhance its expertise in the areas of valuation and counterparty credit risk. As a team member, you will play a crucial role in daily operations and take part in strategic projects related to valuation, counterparty credit risk, system implementation and development, and regulatory change.
As a Senior Quantitative Risk Manager, you will have the opportunity to:
* Work with leading experts in the field of financial valuation and quantitative risk.
* Lead initiatives to implement and improve methodologies for derivative valuation, valuation adjustments (XVA, AVA) and counterparty credit risk calculations across a wide range of asset classes.
* Test, validate and configure trading and risk systems.
* Contribute to in-house development of infrastructure and related business logic.
* Streamline gathering and maintenance of market data.
* Benefit from a good work-life balance and a competitive compensation package.
You will likely have:
* More than 5 years of relevant work experience in derivative valuation, valuation adjustments, financial risk management, regulation or a similar
* Professional experience with an object-oriented programming language such as C#, Python, or Java, and/or SQL
* Solid academic results at the master's degree level or higher, with a focus on quantitative subjects.
Successful candidates are likely to possess the following characteristics:
* Ability to work independently while receiving guidance and direction.
* Able to take ownership of complex tasks and drive improvement projects.
* A strong commitment to accuracy and taking pride in their work.
* A curious mindset and a willingness to take initiative for personal and professional growth.
* Excellent communication and interpersonal skills.
Please note that we will require university grade transcripts (bachelor's and master's degrees) submitted before evaluating the application. Please make sure all attachments are official documents in unprotected PDF format.
We can offer:
In addition to competitive conditions, we have a good working environment in fantastic premises in the center of Bjørvika in Oslo. We offer one of Norway's best pension conditions and insurance schemes, as well as employee conditions for loans, savings, shares, etc. through the Personal Bank.
Besides, knowledge and experience are our most important resources, so you will have the opportunity to participate in conferences and courses to build your own expertise. We know the value of a good balance between work and private life and we have flexible working hours, extra days off and reduced working hours from May to August (summer time). On weekends and holidays, you get access to cabins, holiday homes and rorbues scattered all over Norway. We have sporting, cultural and other activities plus a wide range of discount schemes.
Interested?
Feel free to contact us if you want to hear more about the position or have any questions. Job applications are accepted in both English and Norwegian.
Contact details:
Maria Razmyslovich
Subject Matter Expert Valuation - DNB Markets BSC Risk Management
[email protected]
481 88 997
Mikael Radomski
Head of Valuation and Counterparty Credit Risk - DNB Markets BSC Risk Management
[email protected]
482 25 981
For questions about other positions in DNB Markets, please contact [email protected].
Location:
Oslo
Application deadline:
6th of June 2024. Applications will be considered throughout the application period.
In this job application process, you only need to upload your resume (CV) and briefly answer some job-related questions. Cover letter is not required but you can upload this under attachments if desired.
In DNB, we carry out background checks to verify that the information provided in your CV and other documentation is correct. Background checks are generally performed by an external independent third party. Former employers are typically contacted to check previous positions and periods of employment, while educational institutions are asked to confirm marks. No background check will be conducted without your prior consent, and you will receive more detailed information about this, if applicable.
For positions that require an authorisation and/or approval of suitability, a police certificate of good conduct will be required.