Job Introduction
Handelsbanken is a relationship bank built on trust, long‑term thinking and local decision‑making. We provide bespoke banking and wealth management services to personal and corporate customers. Our decentralised model enables decisions to be made close to the customer in our branches. Central Functions teams support the branch network, providing expertise, governance and infrastructure that enable branches to serve customers effectively and sustainably.
Handelsbanken is independently recognised as one of Europe’s safest commercial banks, holds the strongest credit rating among its peers and is consistently ranked highly for customer satisfaction and relationship banking. Our culture is values‑led, shaped by trust, respect and long‑term thinking. We empower our people to use their expertise, make confident decisions and build long‑term careers.
The opportunity
The role is for a Quantitative Risk Manager to support model development and stress‑testing activities of the team. This role blends hands‑on technical expertise with independent management of complex processes and projects. Activities include production and maintenance of Pillar 2A models for Credit, IRRBB and Operational risk; exploration of new areas of quantitative risk analysis to deliver insights to the Bank; and use of the firm‑wide stress test tool for the entire balance sheet for capital and liquidity purposes.
This is an excellent opportunity for a quant risk manager who wishes to own complex processes in a wide range of activities in quant analysis, risk modelling and stress testing. The role offers high visibility within a flat structure and the successful candidate will communicate their analysis and projects with senior stakeholders across the Bank, including board members.
Key responsibilities
- Own specific domains within the various model development activities of the team; including development, maintenance and execution of all model development Pillar 2A (Credit, Concentration, IRRBB, Operational risk) and stress testing.
- Independently plan, lead and execute complex projects or processes within larger projects within the remit of the team.
- Collaborate and align with senior business leaders in an influencing capacity.
- Manage project teams of more than one person and proactively keep the Senior Manager Model Development informed about progress.
- Be highly proactive and contribute to the development of frameworks and other policy documentation.
- Communicate technical messages to senior management.
- Support and contribute to the delivery of the wider business plan of the Advanced Analytics and Frameworks area.
Qualifications & experience
- Experience within a Credit Risk / Financial Risk / Operational Risk / Stress Testing / Model Development function of a bank.
- Evidence of successfully managing and owning complex model development and/or model execution and quantitative analysis processes independently with minimum oversight.
- Ability to create structured plans, proactively follow up and communicate progress with line manager and stakeholders.
- Skill in troubleshooting progress blockers and maintaining positive engagement with stakeholders.
- Demonstrated ability to manage and influence senior stakeholder relationships and knowledge of risk regulations.
- Strong planning and communication skills and good understanding of Credit Risk and/or Financial Risk processes and terminology.
- Strong Python and/or SAS programming knowledge including SQL queries; knowledge of Power BI optional; knowledge of machine‑learning modelling techniques a bonus.
- Proactive initiative, strong attention to detail and ability to deliver high‑quality outcomes.
Equal Opportunity & Diversity
The Bank is deeply committed to embedding good equality and diversity practice into all of our activities. We are an inclusive, welcoming and inspiring place to work that encourages everyone to apply, regardless of socio‑economic background, age, disability, pregnancy and/or parental status, race (including colour, nationality, and ethnic or national origin), veteran status, marital and civil partnership status, religion or belief, sex, gender reassignment or sexual orientation.
Why join Handelsbanken
We want everyone at Handelsbanken to feel supported, motivated and able to do great work. In addition, we provide a flexible benefits package designed with your wellbeing in mind, including training and development opportunities, flexible leave, health & wellbeing support, and other HR benefits.
#J-18808-Ljbffr”, “datePosted”: “2026-05-18”, “hiringOrganization”: { “@type”: “Organization”, “name”: “Handelsbanken”, “sameAs”: “https://uk.whatjobs.com/pub_api__cpl__435630063__4861?utm_campaign=publisher&utm_medium=api&utm_source=4861&geoID=33” }, “jobLocation”: { “@type”: “Place”, “address”: { “@type”: “PostalAddress”, “addressLocality”: “London” } } }Job Introduction
Handelsbanken is a relationship bank built on trust, long‑term thinking and local decision‑making. We provide bespoke banking and wealth management services to personal and corporate customers. Our decentralised model enables decisions to be made close to the customer in our branches. Central Functions teams support the branch network, providing expertise, governance and infrastructure that enable branches to serve customers effectively and sustainably.
Handelsbanken is independently recognised as one of Europe’s safest commercial banks, holds the strongest credit rating among its peers and is consistently ranked highly for customer satisfaction and relationship banking. Our culture is values‑led, shaped by trust, respect and long‑term thinking. We empower our people to use their expertise, make confident decisions and build long‑term careers.
The opportunity
The role is for a Quantitative Risk Manager to support model development and stress‑testing activities of the team. This role blends hands‑on technical expertise with independent management of complex processes and projects. Activities include production and maintenance of Pillar 2A models for Credit, IRRBB and Operational risk; exploration of new areas of quantitative risk analysis to deliver insights to the Bank; and use of the firm‑wide stress test tool for the entire balance sheet for capital and liquidity purposes.
This is an excellent opportunity for a quant risk manager who wishes to own complex processes in a wide range of activities in quant analysis, risk modelling and stress testing. The role offers high visibility within a flat structure and the successful candidate will communicate their analysis and projects with senior stakeholders across the Bank, including board members.
Key responsibilities
- Own specific domains within the various model development activities of the team; including development, maintenance and execution of all model development Pillar 2A (Credit, Concentration, IRRBB, Operational risk) and stress testing.
- Independently plan, lead and execute complex projects or processes within larger projects within the remit of the team.
- Collaborate and align with senior business leaders in an influencing capacity.
- Manage project teams of more than one person and proactively keep the Senior Manager Model Development informed about progress.
- Be highly proactive and contribute to the development of frameworks and other policy documentation.
- Communicate technical messages to senior management.
- Support and contribute to the delivery of the wider business plan of the Advanced Analytics and Frameworks area.
Qualifications & experience
- Experience within a Credit Risk / Financial Risk / Operational Risk / Stress Testing / Model Development function of a bank.
- Evidence of successfully managing and owning complex model development and/or model execution and quantitative analysis processes independently with minimum oversight.
- Ability to create structured plans, proactively follow up and communicate progress with line manager and stakeholders.
- Skill in troubleshooting progress blockers and maintaining positive engagement with stakeholders.
- Demonstrated ability to manage and influence senior stakeholder relationships and knowledge of risk regulations.
- Strong planning and communication skills and good understanding of Credit Risk and/or Financial Risk processes and terminology.
- Strong Python and/or SAS programming knowledge including SQL queries; knowledge of Power BI optional; knowledge of machine‑learning modelling techniques a bonus.
- Proactive initiative, strong attention to detail and ability to deliver high‑quality outcomes.
Equal Opportunity & Diversity
The Bank is deeply committed to embedding good equality and diversity practice into all of our activities. We are an inclusive, welcoming and inspiring place to work that encourages everyone to apply, regardless of socio‑economic background, age, disability, pregnancy and/or parental status, race (including colour, nationality, and ethnic or national origin), veteran status, marital and civil partnership status, religion or belief, sex, gender reassignment or sexual orientation.
Why join Handelsbanken
We want everyone at Handelsbanken to feel supported, motivated and able to do great work. In addition, we provide a flexible benefits package designed with your wellbeing in mind, including training and development opportunities, flexible leave, health & wellbeing support, and other HR benefits.
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