Remote Opportunity

Retail Credit Risk Model Validation Team Manager | SEB, Vilnius

Join SEB as a senior professional working remotely from Worldwide. Explore the role, benefits, and apply in one place.

Full Time
€4.1k - €6.2k
3 days ago
Worldwide
Model Risk Management & Validation
Senior
Credit Risk Models
Model Validation
Statistical Analysis
+4 more

Job Description

SEB is a leading northern European financial services group with a high focus on risk identification, measurement, monitoring, and governance. Banking is transforming at pace, our talented and rapidly expanding quant team is committed to innovation, excellence, and fostering a strong risk culture. Does that sound like a fit for you?

About the role: 

You will be a part of a professional team within SEB Group CRO organization that ensures quality of models used for measuring credit risk. We conduct in-depth reviews of the models to ensure quality performance by assessing model design and modelling methodologies, performance from the statistical point of view, data quality, implementation, regulatory compliance, and usage. We are presenting insights and proposing recommendations to the SEB Group CRO management as well as are closely working with the model developers, owners, users, and other key stakeholders.

As a Team Manager, you will lead a high-performing group of quantitative analysts, fostering a collaborative and innovative environment where analytical excellence and continuous improvement thrive. You will drive and support your team in delivering high-quality, robust model validations, along with insightful and actionable performance assessments. You will also focus on developing team capabilities and keeping the team ahead of evolving regulatory expectations and industry trends. Your leadership will empower team members to improve efficiency across projects and actively pursue their professional growth. You will collaborate closely with stakeholders and senior leadership to support alignment and maintain transparency throughout the validation lifecycle. Your work will directly contribute to maintaining the integrity of SEB’s risk management framework and ensuring compliance with evolving regulatory standards.

The team is located in Vilnius, but you will work in close interaction with the experienced professionals in SEB Group CRO organization across Nordic and Baltic countries.

\n


As a Retail Credit Risk Model Validation Team Manager, you will be responsible for:
  • Overseeing timely and high-quality validations of Retail IRB and internal Credit Risk models, ensuring alignment with regulatory expectations and internal governance
  • Providing independent and effective challenge to model development, assessing conceptual soundness, performance, and limitations of credit risk models
  • Reviewing validation reports to ensure clarity, rigor, and actionable recommendations, while promoting best practices and continuous improvement in methodologies
  • Leading and mentoring a team of validators by assigning roles based on expertise and capacity, and supporting flexible collaboration across projects
  • Ensuring compliance with internal policies, regulatory requirements, and audit standards
  • Supporting regulatory reviews and audits by ensuring transparent documentation and effective communication of validation outcomes
  • Supporting effective communication and alignment with model owners, business units, risk management, and risk oversight teams throughout the validation lifecycle
  • Fostering development within the team through knowledge sharing, training, and staying current with industry trends and regulatory developments


To thrive in this role, we believe you have:
  • At least 5 years of experience in the financial sector, including a minimum of 2 years of hands-on work with Credit Risk IRB models, preferably in model validation or development roles
  • Experience in independently validating models, including assessing conceptual soundness, performance testing, back testing, and reviewing model documentation
  • Skilled in managing validation projects, prioritizing tasks, and adapting to evolving regulatory and business needs
  • Leadership skills with the ability to mentor and develop a team of quantitative professionals, effectively manage workloads, and cultivate a collaborative, high-performing team environment
  • A strategic and analytical mindset, with the ability to translate complex methodologies into clear, actionable insights
  • A strong academic background in statistics, mathematics, data science, economics, econometrics, or a related quantitative field
  • Understanding of regulatory requirements related to credit risk modelling and validation (e.g. CRR, EBA guidelines, EGIM)
  • Familiarity with model risk governance, internal controls, audit processes, and regulatory reviews
  • Hands-on experience with statistical and programming tools such as R, Python, SAS, or SQL, along with strong data handling and analytical skills
  • Strong verbal and written communication skills in English, with the ability to engage effectively with stakeholders across various functions and levels of seniority
  • A collaborative and proactive approach, with a strong commitment to quality, innovation, and continuous improvement
  • Based in Vilnius, with the ability to work on-site at least 60% of the time to support collaboration and team engagement


What we offer:
  • Entrepreneurial Scandinavian environment: international working environment, empowering culture, friendly and welcoming team.
  • Growth culture: leadership development programs, opportunity to grow professionally by contributing to large-scale, high-impact initiatives, local and international internal mobility possibilities, put an impact on social or environmental issues.
  • Modern environment: innovative company in forefront of technology, challenging, cutting-edge work, excellent office environment, agile and modern ways of working.
  • Additional monetary benefits: paid seniority vacation and volunteering days, allocations to Your pension fund, profit sharing programme, and additional health insurance.


\n
€4,100 - €6,200 a month
The above indicated range is the monthly salary range for this position before tax deduction. The final offer will depend on the experience and competencies of the selected candidate. Overall remuneration package consists of the salary together with other benefits. 
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Do you want to be a part of SEB?  
Welcome to our inclusive culture, where our shared values inspire and uplift our team. We celebrate diversity and strive to ensure every employee feels seen, heard, and valued. 
 
We are looking forward to your application by April 22nd, 2026.

Since we select candidates continuously, feel free to send in your application before the deadline. 
 
Learn more about working at SEB here: www.sebgroup.com/career   

It is our fundamental belief that inclusion and diversity is crucial for our future success. We strive to have an inclusive, value-driven culture where employees feel valued, respected, and involved irrespective of who they are, what they believe or where they come from. 

Requirements

  • Oversee timely and high-quality validations of Retail IRB and internal Credit Risk models
  • Ensure alignment with regulatory expectations and internal governance
  • Provide independent and effective challenge to model development
  • Review validation reports to ensure clarity, rigor, and actionable recommendations
  • Lead and mentor a team of validators
  • Ensure compliance with internal policies, regulatory requirements, and audit standards

Benefits

  • Flexible Hours
  • Gym Membership
  • Health Insurance
  • Home Office Budget
  • Learning Budget
  • Performance Bonus
  • Remote Work

Skills

Credit Risk Models
Model Validation
Statistical Analysis
Data Quality
Regulatory Compliance
Model Development
Model Implementation

Ready to Apply?

Join SEB today

Salary Range
€4.1k - €6.2k
Posted 3 days ago

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