Operational Risk Officer to Nordax Bank

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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 an Operational Risk Officer to our Stockholm headquarters. 

Job Summary

As our Operational Risk Officer you will have the overall responsibility for executing and continuously improving Nordax’ operational risk management framework. You are expected to take part in general Risk Control responsibilities in a broad sense but your specific areas of responsibility will be operational risk. 

Responsibilities will include:

  • Analysis, control and internal reporting of operational risk
  • Monitor risk appetite limits and suggest limit changes when needed
  • Analysis of business incident and incident loss data
  • Project risk management and NPAP
  • Support 1st line with operational risk self-assessments
  • Test key controls and support 1st line with improving the control environment
  • Provide the business with on-going advice and support
  • Execute on other assigned tasks from time to time

In the role as Nordax’s Operational Risk Officer you will work in conjunction with the CISO function in monitoring the information security framework, including IT and Cyber risks, as well as supporting and evaluating the Business Continuity Management. The Operational Risk Officer will also work in close cooperation with Compliance, Process and Product Owners. In this position you will have an active role in various decision forums and have the chance to influence your daily work. 

You will report to the Chief Risk Officer.


We are looking for someone with a minimum of a Bachelor’s degree and with at least three to five years of relevant experience. You should have experience of operational risks within banking or from experience as a consultant within the industry.

You should be analytic and structured as well as having a strong sense of initiative. We value integrity and ownership of one’s work. You are a positive person that thrives in a fast-paced environment and you should be used to managing several things simultaneously. Additionally, you should have the ability to work independently and enjoy swift resolution in a business with aggressive growth targets.  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. 

Communication and cooperation skills are vital as you will play a key role in strengthening the operational risk culture through projects, support and training. 

Fluency in Swedish and English is required.


We are working with Sharp Recruitment on this project. Please feel free to contact Peter Ekström on 070-813 51 85 or, for questions regarding Nordax Bank and/or the position.

Please apply HERE. All applications will be reviewed and interviews will be conducted on a rolling-basis.