In connection with the further development of the risk management function, we are looking for you who are a committed and professionally skilled analyst, and who want to participate in the department's work with model risk and validation. The bank's vision is "creating together", where collaboration, well-being and development are highly valued. We know that it is the people who create the good results, and each individual employee is important for the bank's development and achievement of results.

The Risk Management and Compliance department consists of 16 employees organized in the Risk Management and Compliance departments. The position is part of the Risk Management department's Model Risk and Validation team.

SpareBank 1 Østlandet is permitted to use internal measurement methods and models (IRB) to calculate capital requirements, and the department must ensure that the bank satisfies the regulatory requirements that follow from this. Our models are used both as a basis for decision-making in credit processing and to calculate risk-based capital requirements. Good risk models are therefore a key prerequisite for competitiveness, profitability and solvency. The models must go through annual quality assurance and validation processes, and as an analyst you will be central to this work.

The position has an office location in the bank's premises right by the station in Hamar and reports to the head of the team. For the right person, office location Oslo or Lena can be considered.

Duties

• Actively contribute to the work of the model risk and validation team.
• Contribute to the development of frameworks, methodologies and routines for model risk assessment and validation of credit risk (IRB) and loss models (IFRS9).
• Validate the bank's credit risk and loss models together with colleagues in the bank and the SpareBank 1 alliance and identify areas for improvement.
• Contribute to compliance with the requirements related to the bank's permission to use the models.
• Prepare and present internal analyses to Group Management and the Board of Directors.
• Report to external stakeholders and regulatory authorities.
• Provide support and advice to business divisions and staff environments.

Qualifications

• We believe you will be most successful in the position if you have a master's degree, preferably in statistics, mathematics or economics/industrial economics. It is a plus if you have experience with the tools we use (Excel, Pyhton, SQL skills and Power BI or similar).
• We believe you have 2 - 4 years of experience from a similar position.

Personal qualities

• We are looking for you who have an analytical and structured mind, and who are curious about models. You have an interest in economic analysis and quantitative models.
• You are interested in and able to familiarize yourself with international and national requirements for validation and what is required to comply with the requirements.
• You thrive in collaboration with different professional environments and communicate well both in writing and orally in Norwegian, and preferably also in English.
• You are able to work in a structured manner, but can turn around if something is urgent. You have a commitment to developing analytics and translating data into insights that create value for the bank. You do this by communicating knowledge in an adapted and educational way.
• You take initiative, are self-driven and deliver on time.
• You contribute to creating a good working environment and thrive in a busy workday.

We offer

• Exciting and challenging tasks within a key growth area.
• Good opportunities for professional and personal development.
• Good working environment with a positive attitude and competent colleagues.
• Good staff schemes and competitive conditions.
• Favorable savings scheme that gives employees ownership shares in the bank.