Financial Risk Officer to Nordax Bank

Plats: Stockholm

Nordax was founded in 2003 and has ever since continued to grow and expand, currently providing personal loans, mortgages and deposits to 160,000 customers in Sweden, Norway, Finland and Germany. In 2018 we came under new ownership by Nordic Capital and Sampo and we are now delivering on an ambitious and exiting plan to become the leading specialist bank in northern Europe. Since January 2018 Svensk Hypotekspension, specialists in equity-release mortgages, is part of the Nordax family.

Responsible lending is our core competency. It is our key to success and the foundation to this is comprised of motivated and driven co-workers where responsibility is central.  The culture at Nordax is characterized by participation and decisiveness. Everyone has the opportunity to affect the results and the end product at Nordax. We are responsible, simple, sound and customer centric.

We are now acting to appoint a Financial Risk Officer to our Stockholm headquarters.

Job Summary

As our Financial Risk Officer you will have the overall responsibility for independent analysis and reporting of credit risk, market risk and liquidity risk. You are expected to take part in general Risk Control responsibilities in a broad sense but your specific areas of responsibility will include:

  • Analysis, control and internal reporting of credit-, market-, and liquidity risk
  • Monitor risk appetite limits and suggest limit changes when needed
  • Assist in producing and reviewing the Internal Capital & Liquidity Adequacy Assessment Process (ICLAAP)
  • Validation of critical models
  • Provide CFO-Office with support and control of capital matters
  • Assist in producing the Pillar III Report
  • Assist on risk considerations in relation to larger investments
  • Execute on other assigned tasks from time to time

In the role of Financial Risk Officer you will work closely with Credit Risk & Analytics and Treasury in providing on-going support and control. You will have an active role in various decision forums and in Board Committees. In conjunction with Compliance, you will keep the functions updated on new and amended regulatory requirement.

You will report to the Chief Risk Officer.


We are looking for someone with an MBA in Economics or a Master of Science in Engineering or its equivalent. You should have at least five years of relevant experience from a similar role in the financial sector, preferably from bank or asset management.

As you are expected to assume the overall responsibility of a broad range of financial risks, you should have experience and a genuine interest in the financial markets, instruments and risk management methods. Experience within credit risk analysis is qualifying. Microsoft office skills especially Excel skills are crucial for the position and good knowledge of SAS and SQL is important. 

You should be structured with strong analytical skills as well as ambitious in your capacity for initiative. We value integrity and ownership of one’s work. As you will be working in an intimate environment with a small number of high performing professionals it is necessary to be without prestige and to assume ownership of your work.

Fluency in Swedish and English is required.


We are recruiting for this position in cooperation with Sharp Recruitment. For further information or questions pertaining to the position please contact Peter Ekström at +46 70 813 51 85 or at



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