Risk Specialist Climate and Environmental Stress Testing

Are you interested in sustainability, stress testing, but also risk management? You don’t have to choose! As part of Central Risk Management you will help define all at the same time.

We consist of an energetic group of people who share the same drive and vision. Our unique selling point is the diversity in topics and of our colleagues, who come with a background in Risk, Finance, Business and Consultancy.

Currently we are looking for a Risk Specialist to join our Stress Testing team, in the area of climate and environmental risk (CER). Someone who gets inspired and energized by tasks that start with retrieving and combining CER-related data in an efficient and optimal way. Someone who can define data needs, structure the data, followed by proper analysis, visualizations and main conclusions. Someone that can analyze scenarios, run stress testing models, discuss the outcomes with business stakeholders. Someone who can connect the dots and is able to translate and present strategic advises resulting from the stress testing analysis towards Senior Management and – in doing so – generate impact for the bank. If this sounds like you as a person in combination with your competences, then please contact us!

Banking is the business of taking risks. However, which risks are acceptable and which are not? The CER Stress testing team calculates the impact of those risks in risks metrics such as risk weighted assets or provisions and impairments. Moreover, the team is heavily involved in discussions with senior management the actions that can be performed to mitigate the impact calculated.

The banking sector is situated in a unique position to help build a more sustainable economy and society. ABN AMRO’s overarching goal is to accelerate the sustainability shift. We offer our clients specific expertise in sustainability and are embedding sustainability in our products and services. Our sustainable strategy is built on long-term ambitions in the areas of climate change, the circular economy and social impact. We are looking for people to strengthen our Environmental Social and Governance risk management practices.

As a Climate & Environmental Stress testing colleague you can make a difference by analyzing the impact of the incorporation of CER in our models and stress testing framework. You will keep a close eye on developments around Climate and Environmental Risk and aim to incorporate these in our models and risk assessment. As the topic is still in development, there is a lot to learn.

The Stress Testing team is a diverse team and currently consists of eight professionals with a mix of experience in the field of Environmental, Social, Governance (ESG), scenario analysis and building, stress testing and risk management. The Stress Testing team works in close cooperation with colleagues from across ABN AMRO, including the Client Units, Group Strategy, Sustainability Centre of Excellence, Finance, Modelling and the Grids. We are always available to help each other. The Stress Testing team is part of Central Risk Management (CRM) department, that is besides stress testing, responsible for topics like, risk appetite, sustainability risk, capital allocation and enterprise risk management. This offers the opportunity to share your knowledge with and contribute to the deliverables of CRM in a broader context. At the same time it offers you the opportunity to learn more about the wider set-up of risk management. Furthermore, we make time for non-work related activities. We enjoy quarterly “borrels” (drinks), attending (content relevant) events and departmental outings. We also work on our vitality together.

Your focus area will be the climate and environmental risk stress test. This covers the impact of climate and environmental risks in stress testing activities, and in some specific risk: credit risk, operational risk, business risk. Your job includes activities like:

• Determine data needs and maintain current methodological tools, as well as develop requirements for future tooling

• Run the current tooling and analyze the output, comparing it to other exercises performed in the bank

• Perform results analysis and internal/external reporting of risks

• Advice the MT Risk Management, Group Risk Committee and Executive Board on CER stress testing results and mitigating actions

• Discuss with expert stakeholders on the use of climate and environmental risk scenarios

• You work together in a team of stress test experts and in close cooperation with colleagues from across ABN AMRO.

You are an analytical and practical thinker, a do-er, whose behaviour reflects our key values Care, Collaboration and Courage. You are critical and you are always looking at how things can be done better and smarter. You would like to learn even more and develop yourself.

You are a professional with a strong drive to deliver quality. You possess excellent analytical and data skills. The Risk Specialist is a professional who is resourceful and possesses a creative and entrepreneurial spirit. You are a self-starter and you like to get things done.

This is on your resume:

You are a team player who is eager to learn and strives for quality. You are able to analyze and understand complex data structures and can communicate the main points clearly. You are able to switch from a bird’s eye view to your eye for details, and you know when and how to ask for more information. Additionally, you have a good sense of humor.

Check your profile:

• University degree
• Data skills
• Experienced in modern programming languages (e.g. Matlab, Python) or statistical languages (e.g. SAS, R)
• Able to perform stakeholder management and coordinating activities
• Able to effectively communicate (in written and spoken English) about your analysis and results
• You are entrepreneurial, proactive, thorough and you have a practical mindset. Quantitative and complex problems give you energy
• You are flexible and able to work with deadlines
• Preferred if knowledge of / strong affinity with climate and environmental risk related issues and impact on clients and ABN AMRO

The success of our organisation depends on the quality of our people and the ideas that they have. Care, Collaboration and Courage are our key values. Truly surprising insights and innovative solutions for our clients result from an interplay of cultures, knowledge and experience. Diversity is therefore extremely important to our organisation. To ensure that everyone at ABN AMRO can develop their talents, we encourage an inclusive culture in which all colleagues feel engaged and appreciated.

We’re offering:

A challenging environment where there is a good work-life balance. We offer you the opportunity to develop yourself on hard as well as soft skills. You will have space for entrepreneurship and it is possible to receive responsibilities quickly. There are good opportunities for career growth. We also offer you:

• The opportunity to be the best you can be, work flexible hours and lots of room to grow both personally and professionally
• The opportunity to pro-actively work on your vitality and fitness
• A market conform salary based on a 36-hour workweek, 40-hours is also possible
• A supplementary benefit budget of 11%, which you can spend on additional fringe benefits
• A personal development budget of EUR 1.000 per year
• An annual public transportation pass
• A solid pension plan

Do not hesitate to approach us for more details, or apply directly! For questions, please contact Geert-Jan Brinkman (geert-jan.brinkman@nl.abnamro.com) or Stefan Vlaar (stefan.vlaar@nl.abnamro.com). We are looking forward to meeting you!

The success of our organisation depends on the quality of our people and the ideas that they have. Truly surprising insights and innovative solutions for our clients result from an interplay of cultures, knowledge and experience. Diversity is therefore extremely important to our organisation. To ensure that everyone at ABN AMRO can develop their talents, we encourage an inclusive culture in which all colleagues feel engaged and appreciated.

External recruitment agencies need to have a signed agreement with ABN AMRO BANK N.V., executed by a Talent Acquisition Specialist, when submitting a resume to a vacancy. In addition, a recruitment agency can only submit a resume when invited by a Talent Acquisition Specialist to join the search for a right candidate. All unsolicited resumes sent to us will be considered property of ABN AMRO BANK N.V. In this case, ABN AMRO will not be held liable to pay a placement fee.

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