Credit Risk Analyst

1 week ago

Tallinn, Harjumaa, Estonia TF Bank AB (publ) Full time

We are looking for an analytical and detail-oriented professional to join our Provisions Modelling team. The purpose of this role is to ensure accurate and data-driven provisioning across multiple European portfolios in accordance with IFRS 9 standards.

The Credit Risk Analyst (Provisions Analyst) will contribute to the development and monitoring of PD, LGD and ECL models, ensure proper provisioning levels, and support business decisions through insightful analysis of portfolio performance across three product lines and twelve countries.

This role requires close collaboration with colleagues from Risk, Finance, and other teams to align assumptions, improve model accuracy, and maintain consistent provisioning practices across the Group.

Key Responsibilities:
Provision Modelling and Monitoring

  • Support the development, monitoring, and enhancement of IFRS 9 models (PD, LGD, ECL).
  • Perform quantitative analyses to assess provision adequacy and trends across portfolios.

Portfolio Analytics

  • Analyze portfolio performance across multiple countries and product segments.
  • Identify drivers of changes in provisions and communicate analytical findings clearly.

Data Management and Reporting

  • Extract, transform, and validate data from large-scale databases (SQL/Excel).
  • Prepare monthly and quarterly provisioning reports with commentary on key movements.

Cross-functional Collaboration

  • Work closely with Finance, Risk, and Modelling teams to ensure consistency in model inputs, assumptions, and outputs.
  • Support coordination of quarter-end provisioning and model update cycles.

Documentation and Compliance

  • Maintain transparent documentation of methodology, assumptions, and governance related to IFRS 9 provisions.
  • Support internal and external validation or audit processes.

Requirements and Skills:

  • Master's degree in a quantitative field (Mathematics, Statistics, Economics, Finance, or related).
  • Minimum 2 years of professional experience in credit risk or financial provisioning.
  • Solid understanding of IFRS 9 provisioning concepts (PD, LGD, ECL) and model governance.
  • Strong analytical and problem-solving skills with great attention to detail.
  • Hands-on experience with SQL (querying and transforming large datasets) and Excel (advanced formulas, pivot tables, data visualization).
  • Experience with R or Python for statistical analysis and Power BI for dashboards is an advantage.
  • Fluent in English, both written and spoken, for effective collaboration across countries.
  • Ability to work independently and effectively in a fast-paced, international environment.

Competencies and Behaviors:

  • Analytical and detail-oriented: ensures accuracy and quality in data-driven outputs.
  • Proactive and independent: takes ownership of analytical tasks with minimal supervision.
  • Collaborative: works effectively with cross-country and cross-functional teams.
  • Curious and improvement-minded: seeks opportunities to refine processes and enhance model accuracy and efficiency.

  • Risk Experts and Quantitative Risk Analysts to Group Credit Risk Control

    2 weeks ago

    Tallinn, Harjumaa, Estonia Nordea Full time

    Job ID: 32161Risk Experts and Quantitative Risk Analysts to Group Credit Risk Control (permanent position)Would you like to contribute to how credit risk is managed at Nordea, the leading financial services group in the Nordics? We are now looking for professionals to several openings in Group Credit Risk Control (GCRC).About GCRCYou will join a unit of...

  • Risk Experts and Quantitative Risk Analysts to Group Credit Risk Control

    2 weeks ago

    Tallinn, Harjumaa, Estonia Nordea Bank Full time

    Job ID: 32161Risk Experts and Quantitative Risk Analysts to Group Credit Risk Control (permanent position)Would you like to contribute to how credit risk is managed at Nordea, the leading financial services group in the Nordics? We are now looking for professionals to several openings in Group Credit Risk Control (GCRC).About GCRCYou will join a unit of...

  • Risk Data Analyst

    2 weeks ago

    Tallinn, Harjumaa, Estonia Bondora Full time

    At Bondora, our mission is clear: to empower people to enjoy life more while alleviating the stress of managing finances. Founded in 2008, Bondora has proudly served a diverse community of over 1 million customers for an impressive 16 years. As a rapidly growing financial technology company, we're reaching new heights with a bold vision. We're set to acquire...

  • Credit Specialist

    2 weeks ago

    Tallinn, Harjumaa, Estonia TF Bank Full time

    The Credit Specialist (German-speaking) role is designed to ensure seamless and effective underwriting of German consumer loan applications and timely handling of debtors. The main purpose of the role is to:Conduct thorough analysis of loan applications, including reviewing bank statements and supporting documents, and making final credit decisions beyond...

  • Credit Specialist

    2 weeks ago

    Tallinn, Harjumaa, Estonia TF Bank AB (publ) Full time

    TheCredit Specialist (German-speaking)role is designed to ensure seamless and effective underwriting of German consumer loan applications and timely handling of debtors. The main purpose of the role is to:Conduct thorough analysis of loan applications, including reviewing bank statements and supporting documents, and making final credit decisions beyond the...

  • German Consumer Loan Credit Specialist

    2 weeks ago

    Tallinn, Harjumaa, Estonia TF Bank AB (publ) Full time

    TheGerman Consumer Loan Credit Specialistrole is designed to ensure seamless and effective underwriting of German consumer loan applications and timely handling of debtors. The main purpose of the role is to:Conduct thorough analysis of loan applications, including reviewing bank statements and supporting documents, and making final credit decisions beyond...

  • German Consumer Loan Credit Specialist

    2 weeks ago

    Tallinn, Harjumaa, Estonia TF Bank Full time

    The German Consumer Loan Credit Specialist role is designed to ensure seamless and effective underwriting of German consumer loan applications and timely handling of debtors. The main purpose of the role is to:Conduct thorough analysis of loan applications, including reviewing bank statements and supporting documents, and making final credit decisions beyond...

  • Business Analyst

    2 weeks ago

    Tallinn, Harjumaa, Estonia Luminor Group Full time

    Join our team as a Business Analyst in Risk Division 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...

  • Business Analyst

    2 weeks ago

    Tallinn, Harjumaa, Estonia Luminor Group Full time €3,060 - €4,580

    Join our team as a Business Analyst in Risk DivisionYes, 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...

  • Business Analyst in Data Quality Management

    2 weeks ago

    Tallinn, Harjumaa, Estonia Nordea Bank Full time

    Job ID: 31939Would you like to become a member of the team of professionals, controlling and improving the portfolio data availability and quality?We are looking for a Business Analyst to strengthen data quality governance and support data quality improvement initiatives in the credit portfolio space. We intend to have a full-time employment agreement with...