IRB Model Validation Specialist

IRB Model Validation Specialist

Tallinn, Estonia
Tartu, Estonia
Application deadline 15.12.2023

What You'll be doing:

  • Validate IRB credit risk models (PD, LGD) including data used in the models, to ensure compliance with regulatory requirements.
  • Prototype challenger models to strengthen independent validation outcomes when appropriate.
  • Develop model governance processes including model risk management and model validation.
  • Develop and maintain documentation of the IRB model validation processes.
  • Prepare validation reports to stakeholders, track and provide oversight of remediation activities of validation findings.

You'll be successful if You have:

  • Higher degree in economics, finance, mathematics or statistics.
  • Knowledge in IRB and underlying regulatory requirements is an advantage.
  • Experience in credit risk modelling.
  • Experience with SQL, R, Python.
  • Ability to present opinion in clear and concise way, and making sound recommendations.
  • Ability to work independently, strong attention to detail and the ability to maintain accuracy in a fast-paced, dynamic environment.
  • Fluent English orally and in-writing.

You will be rewarded

  • Interesting work in a growing Estonian capital based international bank.
  • Competitive salary (reviewed yearly).
  • Excellent conditions for professional and personal development working in international banking environment. Trainings to support your personal development.
  • Possibilities to work remotely.
  • Monthly sports benefit + free participation at 2 national sport events.
  • Good people to collaborate with - check out #lifeatbigbank and #bigbankwow (


You have a dedicated contact person always ready to answer all your questions. Just write to Kristiina Pedanik, the HR Partner.

    Sounds interesting?

    Sounds interesting?

    Apply now!

    IRB Model Validation Specialist
    • Tallinn, Estonia
    • Tartu, Estonia

    Please fill in this form or send an email with your CV to [email protected].

    We are looking forward to hearing from you.

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