Quantitative Credit and Risk Lead

Office Location
Sweden - Malmö/Stockholm

Employment Type
Permanent

Full Time/Part Time
Full Time

Who we are
At Ikano Bank, we believe work should feel meaningful and inspiring. Together, we create a great place to work where people are inspired to be the best they can be while contributing to a better life for our customers and the long-term success of the Bank. Guided by our Swedish heritage and values: common sense and simplicity, working together and daring to be different, we keep things straightforward and down-to-earth. If you like the idea of being part of a team that works hard, enjoys solving challenges together and dares to do things a little differently, you will feel right at home here.

Working in the Credit function means helping build a strong, responsible bank by setting smart credit strategies and promoting a culture of prudent risk management. It’s about supporting the business to grow safely and confidently, making a positive impact through sound and trustworthy decision-making.

Purpose of the Job
The Quantitative Credit and Risk Lead is responsible for driving the development, validation, and governance of credit and portfolio risk models across the organization, supporting the Credit and Risk Manager. The role combines deep quantitative expertise with strategic oversight, ensuring that risk models are robust, regulatory-compliant, and aligned with the firm’s risk appetite and business objectives. In addition to taking a key role in model development, the role acts as a bridge between technical modeling teams, credit functions, and senior management — translating complex analytical insights into clear, actionable recommendations that strengthen risk management and decision-making.

Responsibilities of the Job
- Drive development and maintenance of statistical models within the credit risk area
- Ensuring high data quality in all work done in the team
- Lead Ad-hoc analysis within B2C and B2B
- Act as a bridge between modelling team and business, ensuring business requirements and regulatory compliance are met
- Develop, prepare and Monitor risk levels and tolerance
- Improving methodology and documentation related to assessing and quantifying credit risk
- Participate in and present analytical insights to relevant forum/stakeholders

Education Level
Bachelor's Degree

Experience/Demonstrated Competencies
- Previous experience working in banking.
- Proven track record leading the development and governance of credit risk and portfolio models (e.g., PD, LGD, EAD).
- Experienced with managing large-scale quantitative projects, including stakeholder coordination.
- Experience in ensuring high data quality and process efficiency across model development pipelines.
- Demonstrated competence in statistical and machine learning applications to enhance model performance.
- Experience preparing and defending model documentation to internal audit, external regulators and internal stakeholders.

Language Competencies
Swedish and English

Knowledge required
- Deep understanding of credit and portfolio risk concepts such as PD, LGD, EAD, default correlation, and concentration risk.
- Strong grounding in econometrics, advanced statistical modeling, and/or time series analysis.
- Thorough understanding of model lifecycle management, including validation and model risk governance.
- Awareness of macroeconomic linkages and systemic credit risk dynamics.
- Knowledge of data governance, data lineage, and model documentation standards in regulated environments.
- Understanding of supervisory expectations, internal audit processes, and regulatory model reviews.

Capabilities for this job
- Ability to lead and oversee the development, validation, and enhancement of quantitative risk models.
- Skilled in guiding model strategy, ensuring alignment with business objectives and regulatory standards.
- Proficiency in Python, SAS, R, or SQL to support analysis and mentor team members on technical best practices.
- Strong ability to challenge, review, and approve model documentation and validation deliverables.
- Excellent communicator who can articulate model outcomes and limitations to executive management, auditors, and regulators.
- Experience in leading cross-functional projects.
- Ability to balance analytical depth with pragmatic, business-oriented decision-making.
- Demonstrates leadership through for example mentoring, fostering collaboration, or promoting model excellence.

What motivates you?
- Driven by a strong interest in understanding, quantifying, and managing credit and portfolio risk across the organization.
- Motivated by leading the development of robust and compliant risk models that support strategic business decisions.
- Strives for excellence, precision, and transparency in all aspects of risk quantification and governance.
- Enjoys translating complex analytical insights into actionable strategies for senior management.
- Values collaboration and knowledge sharing across quantitative, credit, finance, and regulatory teams.

Ready to apply?
If this sounds like your kind of workplace, we would love to hear from you. You do not have to tick every single box. What matters most is your drive, your ideas and your willingness to grow with us. Our application process is simple. Just click on the Apply Button and we will get in touch with you soon. Apply today and let us build something different together. You want to know more about Ikano Bank? Check out our videos about culture, social/corporate responsibility and everyday working at the bank. For any questions, feel free to contact us at Se e-mailadresse på jobbank.dk .

Salary (per annum)
Ikano Bank Benefits
Annual Social Day for all Employees
Favorable Conditions for Ikano Bank Products

Applications Close Date
04 Sep 2026