Risk Modeller

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Luminor Group

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

The IFRS9 Risk Modeller will join the Modelling and Data Science team within Luminor Risk Division which is responsible for the overall lifecycle of the IRB and STD credit risk, IFRS9 & Pillar 3 models and is accountable for the lifecycle of the AML modelling. This unit is also in charge of the use of Advanced Risk Analytics from a different range of activities from model development to the definition of use cases. In addition, this unit comprises the Regulatory Observatory which is the co-creator of model standards and key contact point with Supervisors (ECB, local CB).

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


  • Develop (e.g., review and clean data, assess modelling options based on data, implement statistical models in line with regulations) components of credit risk models
  • Lead specific pieces of the modelling effort and perform selected tasks regarding monitoring and maintenance
  • Transfer knowledge to Junior Modellers
  • 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 unit

Skills and experience:

  • Bachelor’s degree level or equivalent in a STEM or other numerate discipline with experience in data driven analysis and statistical or mathematical modelling
  • At least 2 years of experience working in a bank’s credit risk modelling function, ideally in an ECB regulated bank 
  • Good knowledge of IFRS9 and IRB credit risk modelling regulations and requirements 
  • Strong proficiency in Python and/or R, as well as database related knowledge such as SQL (knowledge of SAS is considered a plus)
  • Excellent analytical, communication, presentation, organizational and problem-solving skills
  • Strong MS Office (Excel, PowerPoint, Word, Visio, and Outlook) skills Fluent English language skills (written and verbal)

Why Luminor? What we can offer you:

  • Dynamic and international working environment that is filled with interesting challenges and opportunities to innovate, as we build a 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 13th of June

In case of questions please feel free to contact: hiring manager Kristo.Visk@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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