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Quantitative Risk Manager - DNB Markets

Company:  DNB Bank ASA Norway
Application Deadline:  20.10.2021

Location: Norway : Bjørvika 


For almost 200 years, we in DNB have been here for you. We are Norwegian and we are international. We are tradition and innovation. We are a partner in your single life, family life, daily life, business life and community life. We are here to help with the small details and the big questions. Every day we bring together people and ideas with knowledge and capital. Our purpose is to make your everyday life easier. 

We are here. So you can stay ahead!




Quantitative Risk Manager - DNB Markets Risk Management


The Risk Quantification team within DNB Markets - Risk Management is looking for a Quantitative Risk Manager to support in derivative valuation and risk calculations.

DNB is Norway's largest financial services group and one of the largest in the Nordic region in terms of market capitalization. The Group offers a wide range of financial services, including loans, savings, advisory services, insurance and pension products for retail and corporate customers.  DNB is one of the world's leading shipping banks and has a strong position in the energy sector and seafood industry. We are involved in important strategic and financial decisions and transactions for our clients, including mergers and acquisitions, raising equity and debt capital and strategic consulting. 

The Risk Management department in DNB Markets consists of 24 employees and is centrally located in Oslo, Bjørvika. The department is a central enabling-, control and advisory function within DNB Markets.  Responsibilities include; identifying and quantifying risk factors, implementation of valuation methodology, quantifying consequences of new regulation, as well as maintaining the related systems and software solutions. The department is in close collaboration with trading, treasury and other strategic functions throughout the wider organization. 

The Risk Quantification team is responsible for the implementation, configuration and maintenance of the systems used for valuation and market-, liquidity- and counterparty credit risk. The team utilizes third-party systems as well internally developed solutions. Due to upcoming changes in market practices (including IBOR transition reform), we would like to strengthen the disciplines of valuation and risk calculation. As a team member you will contribute to project work related to valuation, risk calculations, system development and assist in the implementation of related regulation.


The position include responsibility for:
• Implementation of new valuation methodology, including detailed valuation of ‘vanilla’ and exotic derivatives, as well as bonds.
• Testing and verification of IT systems concerning valuation and risk.
• Development of own solutions related to valuation and risk.
• Collection and maintenance of market data.
• Project assignments internally in the section and towards the bank in general

Your qualifications:
• Solid academic results at a master's degree level or higher with focus on quantitative subjects
• Professional experience from a position with a similar area of responsibility is desirable
• Knowledge of database management and / or object-oriented programming (C #, Python, SQL, etc.) is desirable
• Knowledge of risk management of derivatives, value adjustments (XVA) and stochastic modeling is an advantage


Personal characteristics:
• You are results- and solution-oriented with the ability to drive project initiatives
• You are accurate and ensure quality in your work
• You are curious and take initiative to keep up to date and develop in your career
• You have good oral and written presentation skills and able to discuss complex issues both with professionals and with other stakeholders in an easy-to-understand way.


The workplace for the position is at our office in Bjørvika in Oslo.


Interested? Feel free to contact team leader Mikael Radomski (+47 482 25 981 / if you want to hear more about the position or have any questions.


The application deadline for the position is 20 October 2021


If you have an open mindset to new innovative ways of working and want to be part of a global and agile team, you might be our next colleague. Welcome with your application today.                                                                                                                                                                                     
In DNB, we carry out background checks to verify that the information provided in your CV and other documentation is actually correct. Background checks are generally performed by an external independent third party. Former employers are typically contacted to check previous positions and periods of employment, while educational institutions are asked to confirm marks.

No background check will be conducted without your prior consent, and you will receive more detailed information about this, if applicable.

For positions that require an authorisation and/or approval of suitability, a police certificate of good conduct will be required.

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