About the job

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 Project Manager, you will play a key role in coordinating and enabling the delivery of credit risk model validations across SEB Group. You will work in a dynamic and growing team, helping to implement a structured, incremental and stage-gated approach to validation projects, while also supporting ongoing validation operations. Your focus will be on ensuring smooth collaboration across teams, maintaining clear communication, and driving operational efficiency. By managing timelines, facilitating stakeholder interactions, and supporting process enablement, you will help ensure validations are delivered with consistency, transparency, and regulatory alignment. Your work will contribute directly to the integrity and efficiency of SEB’s model risk management framework. This role offers visibility across SEB’s CRO organization and opportunities to contribute to strategic model governance initiatives.

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.

As a Project Manager within Credit Risk Model Validation, you will be responsible for:

Overseeing validation planning and execution timelines, ensuring milestones are met and dependencies are managed across parallel validation and modelling streams
Facilitating regular updates on validation progress, identifying timeline risks, and escalating issues as needed to ensure timely resolution
Acting as a transversal link between the validation team and the modelling PMO, and coordinating with other relevant functions
Managing interactions with governance bodies and cross-functional teams to ensure transparency and consistency in reporting and decision-making
Coordinating onboarding and logistics (e.g., laptops, accesses, trainings) for internal and external team members, supporting rapid team expansion
Supporting the planning and execution of the annual validation cycle, ensuring alignment with broader organizational timelines and priorities
Tracking the status of validation recommendations, maintaining records in the model risk management system, and supporting reporting activities
Facilitating communication and collaboration between validation teams and key stakeholders, including model owners, monitoring functions, risk management, business units, and IT
Assisting in the preparation of materials for internal committees, model governance forums, regulatory reviews, and audits, ensuring consistency and traceability across validation activities
Identifying opportunities to streamline validation-related workflows and reduce coordination burdens on validation team leads

Who we are looking for:

At least 3–5 years of experience in project management or risk management within the financial sector, preferably with exposure to credit risk or model lifecycle processes
Strong organizational and coordination skills, with the ability to manage multiple parallel workstreams and adapt to changing priorities
Experience working with cross-functional teams and stakeholders, ideally in a regulated environment
A university degree in finance, economics, business administration, engineering, or a related field, with project management certification considered an advantage
Familiarity with project management tools and methodologies (e.g., stage-gate, Agile, JIRA, Confluence), and with model risk management systems
Familiarity with regulatory frameworks such as (e.g. CRR, EBA guidelines, EGIM) is considered an advantage
Excellent communication skills in English, with the ability to engage effectively across teams and seniority levels
Strong interpersonal and influencing skills, with the ability to manage cross-functional and cross-cultural teams
A proactive and structured approach, with a strong commitment to transparency, consistency, and continuous improvement
Based in Vilnius, with the ability to work on-site at least 60% of the time to support collaboration

What we offer:

Entrepreneurial Scandinavian environment: international working environment, empowering culture, friendly and welcoming teammates.
Growth culture: 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.

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 November 14, 2025.

Since we select candidates continuously, feel free to send in your application before the deadline.

Learn more about working at SEB here: https://www.seb.lt/en/gs

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.

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