Nordax is a specialist bank in Northern Europe, providing unsecured consumer loans, mortgages and deposits to 190 000 customers in Sweden, Norway, Finland and Germany. Nordax employs approximately 300 people, all working in our office at Torsplan. The company has an entrepreneurial spirit and a flexible way of working. We are currently looking for a credit risk analyst who wants to help Nordax raise the bar within quantitative analytics.
This is the job
The Credit Risk & Analytics department at Nordax consists of four teams: Analytics, Credit Risk Engine, Data Engineering and the Credit Risk Specialist Team. This role is part of the analytics team which consists of seven people who work together to create profitable growth and sales. You will get a unique opportunity to see the banking process end-to-end, gaining invaluable insights into the inner workings of a niche banking environment.
As an analyst, you will have a dynamic role with focus on quantitative credit risk analysis, where you are constantly looking for ways to improve our underwriting and risk-adjusted return. You will be an important support to the business in the form of statistical analysis, including:
• Leading the continuous review of the portfolio from a credit risk perspective and presenting findings in key stakeholder forums.
• Monitoring of relevant key metrics within credit risk, such as approval rate, default rates, recoveries, profitability.
• Compiling and analyzing data and proposing proactive changes in credit regulations, credit process and pricing.
• Monitoring of customer profiles and behaviors and identifying trend shifts.
Who you are
For you to succeed in the role as credit risk analyst, it is important to thrive in a fast-moving environment and being able to dig deep into the details of a subject, whilst keeping track of the overall picture. Furthermore, we see that you dare to challenge stakeholders and colleagues in a diplomatic and pedagogical way. Most of all, we would like to see you bring a curious and analytical mindset and the ability to work proactively, exhibiting a special knack for problem solving. In addition, we would like to see the following in the right candidate:
· Degree in a quantitative discipline, such as engineering, economics, statistics or similar
· Extensive experience in credit risk analysis
· Experience with SAS/SQL or similar
· Experience in analyzing mortgages is a plus
· English required, Swedish preferred
If you want to know more
Please feel free to contact Jonas Hogener, Talent Acquisition Specialist, at firstname.lastname@example.org if you have any specific questions about the position or our process. Hiring manager is Nevena Gaco. Due to GDPR, we are unable to handle applications sent to us by email.
We will review applications continuously and the position may be filled before the application deadline, so make sure not to wait until the last day! The application should include your CV.
We believe in evidence-based tests in order to eliminate unconscious bias and increase hiring precision - the right person for the right position. For this reason, we use Alva Labs assessment methods for our recruitment processes to help us identifying candidates with the greatest probability to succeed in this role.
Times are changing. As is the way we live and work. Nowadays it is fully acceptable to prefer freelancing to permanent employment, to start your own business or to work from home when needed.
Another change is that we live longer and are in better health when we retire. We think all this is for the better – but other banks don’t seem to agree. Or at least they haven’t changed with the times. No permanent employment? No mortgage. No regular paycheck? No loan to realize your retirement dream – even if you have the assets.
At Nordax we think differently. How you live your life is up to you. Society will keep changing. The norm will keep changing. And to stay relevant, the banks need to change too. We believe that focus on financial inclusion is a key success factor for creating an equal, inclusive and growing society. Banks need to adapt to the way we live and work today as well as in the future. That's why we make affordable banking solutions accessible to more individuals who usually don’t fit in the traditional bank model. Nordax is all about creating opportunities – for the new normal.