Senior Model Validator

ABN AMRO

Vacature informatie

Organisatie: ABN AMRO

Locatie: Amsterdam

Opleidingsniveau: HBO/WO

Arbeidsvoorwaarden: Marktconform

Solliciteren

At a glance

ABN AMRO is on the trend of greater use of models. Driven in part by regulation but the growing reliance on models manifests in all areas of the bank. For risk management purposes ABN AMRO has models in place for a.o. credit risk, market risk, operational risk, and liquidity risk, covering the entire balance sheet of the bank. These models use market and client data to predict among others, the client behaviour and their risk profile based on the client characteristic, economy and market. Outside the risk management domain, model-based decision making becomes increasingly important and accepted. Models are also used for pricing, marketing, portfolio management, HR and in multiple other areas and innovative solutions.The Model Validation team is the main party challenging the quality of the models in ABN AMRO. As a result of the increase of the usage of models in the bank, our scope is continuously expanding. This increase requires also challenging models with new techniques, causing a stimulating and dynamic work environment.Do you enjoy ananalytic job which makes a difference in the organization? Do you seek for a challenging and dynamic job with the opportunity of steep learning? Join this team aimed to manage the Banks model risk in the best possible way. As a Model Validator in ABN AMRO, you can become an expert in analysing and critically challenging several categories of risk models and get the understanding of the related risks. On the way, you will learn how to assess the quality of data; challenge state-of-the-art modelling techniques and/or checking the implementation and use of models. A Senior Model Validator gets the opportunity to challenge it all!What do you see when you envision the next step? Work on achieving your goals and develop yourself professionally and personally. Tell us your story. We want to hear it!

Your job

Model Validation covers all risk models; for instance credit risk, market risk, counterparty credit risk, interest rate risk, liquidity risk and so on. On top of that, multiple other model categories are being validated. In the Banking Industry this is a unique setting. It will stretch your learning curve across a wide variety of modelling techniques, risk types, businesses and stakeholders. Furthermore, Model Validation performs as a centre of expertise by sharing knowledge on modelling, validation, model risk management and regulatory compliancy with all our stakeholders. The task of a Validator comes with a large amount of responsibility.

This responsibility also requires managing a wide range of key relationships of the Model Validation department such as;

Model Validation covers all risk models; for instance credit risk, market risk, counterparty credit risk, interest rate risk, liquidity risk and so on. On top of that, multiple other model categories are being validated. In the Banking Industry this is a unique setting. It will stretch your learning curve across a wide variety of modelling techniques, risk types, businesses and stakeholders. Furthermore, Model Validation performs as a centre of expertise by sharing knowledge on modelling, validation, model risk management and regulatory compliancy with all our stakeholders. The task of a Validator comes with a large amount of responsibility.

This responsibility also requires managing a wide range of key relationships of the Model Validation department such as;


  • Senior (Risk) Management of ABN AMRO;
  • (Senior) Management in Business Lines Retail, Private, Commercial and Corporate & Institutional Banking;
  • Model developers at ABN AMRO but also vendor model developers;
  • Expertise Centres in Risk (like Basel Management);
  • IT and other model implementation departments at ABN AMRO.
  • A wide range of users of (risk) models
  • Internal Auditors;
  • Senior (Risk) Management of ABN AMRO;
  • Senior (Risk) Management of ABN AMRO;
  • (Senior) Management in Business Lines Retail, Private, Commercial and Corporate & Institutional Banking;
  • (Senior) Management in Business Lines Retail, Private, Commercial and Corporate & Institutional Banking;
  • Model developers at ABN AMRO but also vendor model developers;
  • Model developers at ABN AMRO but also vendor model developers;
  • Expertise Centres in Risk (like Basel Management);
  • Expertise Centres in Risk (like Basel Management);
  • IT and other model implementation departments at ABN AMRO.
  • IT and other model implementation departments at ABN AMRO.
  • A wide range of users of (risk) models
  • A wide range of users of (risk) models
  • Internal Auditors;
  • Internal Auditors;

    External Regulatory Bodies (like DNB, ECB).

    External Regulatory Bodies (like DNB, ECB).

    Your working environment

    Model Validation operates independently of the model development departments at ABN AMRO to ensure the objectivity of the validation process. It covers the model risk dimensions of data, methodology, implementation and use. The outcome of the validation process affects every level of the organisation – from individual client acceptance to strategic decision making and steering. It is a vital team for assuring model driven decisions are of good quality. This responsibility is shared across the team of about 25 specialists in a very international and diverse environment. This diversity, in terms of cultural background, gender, academic and working experience creates an optimal blend. We value team players who are smart, persistent, take their role seriously and are committed to finish the job.

    Model Validation operates independently of the model development departments at ABN AMRO to ensure the objectivity of the validation process. It covers the model risk dimensions of data, methodology, implementation and use. The outcome of the validation process affects every level of the organisation – from individual client acceptance to strategic decision making and steering. It is a vital team for assuring model driven decisions are of good quality. This responsibility is shared across the team of about 25 specialists in a very international and diverse environment. This diversity, in terms of cultural background, gender, academic and working experience creates an optimal blend. We value team players who are smart, persistent, take their role seriously and are committed to finish the job. Model Validation operates independently of the model development departments at ABN AMRO to ensure the objectivity of the validation process. It covers the model risk dimensions of data, methodology, implementation and use. The outcome of the validation process affects every level of the organisation – from individual client acceptance to strategic decision making and steering. It is a vital team for assuring model driven decisions are of good quality. This responsibility is shared across the team of about 25 specialists in a very international and diverse environment. This diversity, in terms of cultural background, gender, academic and working experience creates an optimal blend. We value team players who are smart, persistent, take their role seriously and are committed to finish the job.

    Your profile

    Check your profile:

    Check your profile:
    • Strong experience in financial mathematics, behavioural models, stochastic calculus and econometrics, as well as the most recent developments in these fields for at minimum 5 years
    • Work experience in previous roles in model validation is strongly preferred
    • Proven understanding of risk management practices within the financial services industry especially in modelling.
    • Good knowledge of regulatory requirements (e.g. Basel, FRTB)
    • Experienced in modern programming languages (Matlab, C++, Pyhton, R) and/ or statistical software (SAS)
    • Strong analytical and problem solving skills
    • Eye for detail
    • Able to work independently
    • Experienced with coaching of team members
    • Good communication skills to a wide range of stakeholders including supervisory authorities
    • Able to give presentations on complex topics for a broad audience
    • Proactive attitude
    • Obedience of deadlines while still delivering high quality work
  • Strong experience in financial mathematics, behavioural models, stochastic calculus and econometrics, as well as the most recent developments in these fields for at minimum 5 years
  • Strong experience in financial mathematics, behavioural models, stochastic calculus and econometrics, as well as the most recent developments in these fields for at minimum 5 years
  • Work experience in previous roles in model validation is strongly preferred
  • Work experience in previous roles in model validation is strongly preferred
  • Proven understanding of risk management practices within the financial services industry especially in modelling.
  • Proven understanding of risk management practices within the financial services industry especially in modelling.
  • Good knowledge of regulatory requirements (e.g. Basel, FRTB)
  • Good knowledge of regulatory requirements (e.g. Basel, FRTB)
  • Experienced in modern programming languages (Matlab, C++, Pyhton, R) and/ or statistical software (SAS)
  • Experienced in modern programming languages (Matlab, C++, Pyhton, R) and/ or statistical software (SAS)
  • Strong analytical and problem solving skills
  • Strong analytical and problem solving skills
  • Eye for detail
  • Eye for detail
  • Able to work independently
  • Able to work independently
  • Experienced with coaching of team members
  • Experienced with coaching of team members
  • Good communication skills to a wide range of stakeholders including supervisory authorities
  • Good communication skills to a wide range of stakeholders including supervisory authorities
  • Able to give presentations on complex topics for a broad audience
  • Able to give presentations on complex topics for a broad audience
  • Proactive attitude
  • Proactive attitude
  • Obedience of deadlines while still delivering high quality work
  • Obedience of deadlines while still delivering high quality work

    What we offer

    • International multi-cultural working environment
    • Great colleagues
    • Challenging work
    • Unique opportunity to learn/cover multiple risk types
    • Flexible working hours
    • Future career development
    • Wide-range of training courses
    • Competitive salary and excellent benefits
  • International multi-cultural working environment
  • International multi-cultural working environment
  • Great colleagues
  • Great colleagues
  • Challenging work
  • Challenging work
  • Unique opportunity to learn/cover multiple risk types
  • Unique opportunity to learn/cover multiple risk types
  • Flexible working hours
  • Flexible working hours
  • Future career development
  • Future career development
  • Wide-range of training courses
  • Wide-range of training courses
  • Competitive salary and excellent benefits
  • Competitive salary and excellent benefits

    Interested?

    At ABN AMRO, we use our knowledge, expertise and network to help our clients within and outside the Netherlands achieve their goals based on responsible decisions. Our clients’ interests always come first. We want clients to understand our products, and we sometimes say ‘no’ if a product involves a risk that is too high for the client. Putting clients’ interests first also means communicating in plain language and crafting smart solutions that genuinely make a difference. That is our goal.

    At ABN AMRO, we use our knowledge, expertise and network to help our clients within and outside the Netherlands achieve their goals based on responsible decisions. Our clients’ interests always come first. We want clients to understand our products, and we sometimes say ‘no’ if a product involves a risk that is too high for the client. Putting clients’ interests first also means communicating in plain language and crafting smart solutions that genuinely make a difference. That is our goal. At ABN AMRO, we use our knowledge, expertise and network to help our clients within and outside the Netherlands achieve their goals based on responsible decisions. Our clients’ interests always come first. We want clients to understand our products, and we sometimes say ‘no’ if a product involves a risk that is too high for the client. Putting clients’ interests first also means communicating in plain language and crafting smart solutions that genuinely make a difference. That is our goal.

    Are you interested? Please apply online. For more information you can contact Ton Groot, Talent acquisition specialist, +31 6 53535423. We look forward meeting you.

    Are you interested? Please apply online. For more information you can contact Ton Groot, Talent acquisition specialist, +31 6 53535423. We look forward meeting you. Are you interested? Please apply online. For more information you can contact Ton Groot, Talent acquisition specialist, +31 6 53535423. We look forward meeting you.

    Please apply in Talent2Grow. First open the link, then click on the 'apply' button. Next step is to upload your resume and cover letter.

    Please apply in Talent2Grow. First open the link, then click on the 'apply' button. Next step is to upload your resume and cover letter. Please apply in Talent2Grow. First open the link, then click on the 'apply' button. Next step is to upload your resume and cover letter. Talent2Grow

    Vacature informatie

    Organisatie: ABN AMRO

    Locatie: Amsterdam

    Opleidingsniveau: HBO/WO

    Arbeidsvoorwaarden: Marktconform

    Solliciteren

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