Risk Modeller in Credit Risk Modelling Team

Join us and become our newest team member making the change and advancing the world of banking!
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Luminor Group

Our team is expanding and we are looking for a new team member.

The Risk Modeller will join the Modelling and Data Science Unit within Luminor Risk Division, placed in Credit Risk Modelling Team which is responsible for the overall lifecycle of the IRB approach based Credit Risk Models

This is the time full of new opportunities and chances to stand up and bring out the best in you!


  • Develop and improve IRB approach based Credit Risk Models (PD, LGD, CCF);
  • Lead specific pieces of the modelling effort: review data & attributes, assess modelling options, defend model choices with stakeholders;
  • Ensure successful implementation of new models and analytical initiatives;
  • Perform selected tasks regarding model monitoring and maintenance;
  • Identifying promising data sources and converting data into credit insights;
  • Communication of detailed technical information in a simple and clear manner;
  • Knowledge transfer and junior modellers coaching;
  • Contribute to a good working environment by taking on a positive and constructive approach in cooperation with colleagues and giving honest feedback ensuring the drive of high performance in the team 

Skills and Experience:

To succeed in this role, you’ll need at least 3 years of experience in working in a bank’s Credit Risk modelling function, ideally in an ECB regulated bank. Relevant experience working with risk scorecards & other predictive modelling areas is also considered.

We look forward for a relevant background and good understanding in, Credit Risk knowledge, Credit Risk regulation, modelling choices and statistical techniques.

You will need a working knowledge of Python and/or R. Also, you will need database related knowledge such as SQL. Knowledge of SAS and GitLab is considered a plus

You will also demonstrate:

  • Knowledge of data exploration, data mining, and data transformation as well as statistical estimation algorithms and model design; 
  • Knowledge of a variety of modelling techniques such as multivariate regressions and models with categorical response variables;
  • Good knowledge of Financial Risk regulation (Basel, EBA, IFRS9);
  • Demonstrated strengths in problem solving, planning, organizing and initiative;
  • Ability to function in deadline intensive environment, managing multiple responsibilities while effectively focusing on priority issues;
  • Excellent analytical, communication, presentation, organizational and problem-solving skills;
  • Highly self-motivated, results oriented and capable of independent and critical thinking and problem solving;
  • Previous experience on agile working environment would be considered a plus;
  • Strong MS Office (Excel, PowerPoint, Word, Visio, and Outlook) skills;
  • Bachelor’s degree level or equivalent in a STEM or other numerate discipline with experience in data driven analysis and statistical or mathematical modelling;
  • Fluent English language skills. 

Why Luminor? What we can offer you:

  • Dynamic and International working environment that is filled with interesting challenges and opportunities as we build and innovate a new bank together
  • Varied opportunities to support your professional and personal development and growth
  • A competitive benefits package in addition to your salary
  • An additional benefits package for employees after 1 year in the company, which includes additional days of vacation
  • A collaborative and supportive team where you can create and implement ideas

Application deadline is 2021.04.24

In case of questions please feel free to contact: Hiring Manager Kaspars.Priede@luminorgroup.com or Junior People Partner Vikante.Rackauskaite@luminorgroup.com.

Or, know someone who would be a perfect fit? Let them know!

Tallinn, Estonia

Liivalaia 45
10145 Tallinn Directions +372 628 3300

Why Work With Us?

Join us if you want to grow your competences and make the change!

  • Wellness & Benefits

    We aim to support, spoil and take care of our employees

  • Additional Days of Vacation

    We provide an additional benefits package for employees after 1 year in the company, which includes additional days of vacation

  • Personal Development

    We provide varied opportunities for your professional and personal development and growth. Average hours spent per year on development for an employee at Luminor – 20

  • Health & Wellness

    We take care of your health – we got your health insurance covered

  • Flexible Working

    The flexible working time and place concept is now part of our culture

Workplace & Culture

Make the Change stands for motivation, 'yes we can' attitude, motivation to get things done and take initiative. It strengthens and complements our value set – curiosity, focus and collaboration, whilst putting them in action. And most importantly – Make the Change is about our people who are here being brave and passionate about making an impact themselves.

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