Job ID: 5841 (Senior) Risk Expert (Climate Risk), Risk Models (permanent position) We are looking for a (Senior) Risk Expert to develop quantitative methodologies that integrate climate and environmental (C&E) risks into our internal models and risk framework About our team Meet the Risk Models team. Our team is part of Nordea's Risk division, where we work at the intersection of credit risk modeling, econometrics, and ESG scenario analysis, contributing to the design, implementation, and validation of ESG-driven modelling approaches. Collaboration. Ownership. Passion. Courage. These are the values that guide us in how we work and how we make decisions – and that we imagine you share with us. What you’ll be doing Main responsibilities in this role:Contribute to the development and implementation of quantitative models integrating climate and ESG risk drivers into IRB and other credit risk models (PD, LGD). Emerging risks may be added to the scope of risks. Perform statistical and econometric analyses, including scenario-based approaches, to assess the impact of ESG factors on credit risk parameters. Conduct quantitative data analysis, including assessing the financial impact of model and data changes. Develop and maintain Python-based modelling tools and analytical code, including prototyping and validation workflows. Support the identification of ESG transmission mechanisms and translate them into modelling assumptions and inputs. Contribute to defining ESG data requirements and integrating external datasets into modelling frameworks. Stay informed on developments in ESG risk modelling and regulatory expectations (ECB, EBA, NGFS) and support their implementation. Contribute to model documentation and validation deliverables required for internal and supervisory rev…