Join our team as a Risk Quantification & Automation Unit Manager!

Yes, you can! That's our attitude towards our work, ambitions, ideas, and relationships. We at Luminor believe that anyone has the potential to achieve big things and encourage everyone to achieve them, professionally and personally.

Whoever you are and whatever your role is, with Luminor, you will get a once-in-a-lifetime opportunity to build a local banking champion.

You would be joining as a Unit Manager in the Enterprise Risk Management Department within the Risk Division.

Why You will Love Working Here:

• Flexibility. Flexible working hours, remote work and possibility to work from anywhere in EU, Iceland, Switzerland and UK (in total 90 days per year)

• International teams. Teams that go outside Pan-Baltic borders where people value challenging work together with good humour and having fun

• More vacation. Additional week of vacation available to all employees who have been in the company for 1 year or more

• Volunteer time off. We care about giving back to society, therefore, you will get additional days off for volunteering purposes

• Paid leave. We are proud of our employees who are participating in military trainings. Therefore, Luminor offers 30 fully paid calendar days for military trainings every year

• Health benefits. A competitive benefits package in addition to your salary that includes health insurance after first 3 months pass in all three Baltic states as well as Health days in case of your absence due to sickness without doctor note needed

• Wellbeing. Access to tools and resources that help to feel good and be productive at work and in life

• Professional growth. Internal and external training programs, workshops, conferences, online training etc.

• Culture. You’ll be joining a team where things move fast, ideas flow freely, and change is part of the everyday. It’s a dynamic environment that keeps you learning, growing, and never bored

• Gross salary. 3,700 - 5,600 EUR/month, which is to be determined depending on your level of experience and competencies

How You Will Make an Impact:

• Lead and develop a high performing team responsible for risk quantification, stress testing, and automation.

• Own and further develop the Bank’s Stress Testing Framework, including regulatory exercises such as EBA Stress Tests.

• Design and deliver macroeconomic risk scenarios for ICAAP and IFRS9 on a quarterly basis.

• Oversee development and maintenance of forward looking risk quantification and stress testing models across key risk types.

• Ensure robust assessment of solvency, credit, operational, and business model risks under normative and economic perspectives.

• Drive development of self-service analytical tools and automated dashboards supporting risk management and reporting for the Risk Division.

• Lead automation and enhancement of the bank’s risk reporting processes using Power Automate and Power BI.

• Contribute to the bank’s transformation agenda, including migration of data and models to a cloud based infrastructure.

• Advance stress testing and risk quantification approaches for climate and environmental risks.

• Support further embedding of ICAAP and stress testing outputs into business steering and capital allocation.

• Act as a subject‑matter expert, educating and advising stakeholders across the organization.
  

What Makes You a Great Fit:

• Masters’ Degree in Business, Statistics, Econometrics, Economics or similar field.

• Good understanding of Bank’s products, processes, data and IT systems and the risks they might pose for the bank.

• Previous managerial experience 1-3 years; 5-10 years in a similar role.

• Ability to understand and develop scripts in Python; experience in econometric modelling.

• Experience with Power BI and Power Automate to design and maintain automated workflows and data visualization.

• Ability to present and explain complex models in understandable way for different audiences.

• Coaching and people development skills.

• Cross functional and cross border cooperation skills.

• Analytical thinking and ability to make decisions quickly.

• Process and project management focused thinking.

• Business acumen and ability to get buy-in from key stakeholders.

• Fluent English is required in spoken and written communication due to working on a Pan-Baltic level.

Application deadline is 20th of April. We are looking for a candidate primarily already located within Baltics and please apply with your CV in English and PDF format!