Regulatory Expert with focus on Implementation
We are looking for a new colleague in the RWA Oversight team of ABN AMRO's Model Oversight & Data Management (MODM) department. The main role of this department is to act as owner of the credit risk models and of the RWA implementation from a 2nd Line of Defense (LoD) perspective. Within the MODM department our RWA Oversight team oversees of pillar I credit risk requirements in systems and processes. The team monitors and reviews the progress of the 1st LoD implementation teams and projects and prioritizes their efforts where relevant. In particular your role is to challenge the implementation teams in their progress of implementing regulatory requirements in IT systems. The team comprises about 8 permanent internal staff.
You are evaluating and assessing the implementation of requirements regarding RWA and other credit risk metrics (NPE Backstop, Large Exposure Calculation) from a content perspective. To this end, you should be experienced in interpreting regulatory requirement and in leading discussions about their implementation. For complex interpretation discussion on regulations, you can rely on the support of Regulatory Experts in other teams. While one of the other teams in the department sets requirements and data definitions, you ensure that these are well understood by all parties in the organization. You are working closely together with colleagues in your own team, the Requirement Setting team, IT teams, Business and Regulatory Experts.
The implementation teams are currently focusing on re-arranging systems and data in relation to changes in the model landscape, re-structuring the architecture of the RWA chain and preparing for Basel IV (CRRIII) implementation. You should be knowledgeable about these developments to provide tangible guidance to their work.
You are leading in setting the long term strategy for improving the RWA chain and in the assessment of appropriate tactical solutions. As one of the other teams in the departments sets requirements and data definitions, you ensure that these are well understood by all the parties in the organization. To fulfill your role you will need a good understanding of the CRD/CRR framework, as well as basic knowledge of the accounting framework. You will focus on implementing requirements in systems, and gain hands-on experience in evaluating the quality of implementation.
The MODM department comprises five teams, focusing on the ownership of the pillar I credit risk models, RWA and segmentation implementation, requirements setting and organizing data management. MODM is part of the Credit Risk division, which forms the 2nd LoD of credit risk management. Within the Credit Risk division, MODM is one of the shared capabilities, which means which means that we are aiming at sharing knowledge with other departments. In particular, we support our colleagues in ownership of models and RWA implementation, setting (data) requirements and organizing data management. The vacant position offers opportunities to develop your knowledge of the CRD/CRR framework in a focused context on regulatory requirements.
You are a great candidate to become our new colleague, if you meet the following description:
- Do you have an academic education in a relevant field?
- Are you a fast thinker that can work on detailed questions as well as overarching challenges?
- Do you have 5-10 years working experience in a relevant position?
- Are you knowledgeable about the CRD/CRR framework, especially Credit Risk?
- Do you lead by example and coach your colleagues in their day-to-day activities?
- Are you experienced in reviewing and challenging RWA requirements in a complex IT and business environment?
- Do you have excellent communication skills, especially in writing? (fluency with English is required)
- Do you have the ability to perform impact assessments (calculate capital requirements in Excel / SAS)?
- Are you looking forward to complex stakeholder management discussions?
- Can you show proactivity in discussions?
- Do you have a "can do" mentality as well as collaborative attitude?
We will evaluate candidates based on their individual qualities and their added value to the skills, knowledge and diversity of the team.
- The opportunity to be the best you can be, work flexible hours and lots of room to grow both personally and professionally
- Challenging work on complex and advanced (quantitative) problems
- A multicultural working environment with great colleagues from different nationalities
- A wide range of training opportunities
- An attractive package (depending on your level of seniority you are allocated to the appropriate salary scale)
- A personal development budget of EUR 1.000 per year
If you are interested in this position, please apply via the apply button.
Reach out to us via email (cynthia.winder@nl.abnamro.com) to learn more about this position.
Employment agencies are requested not to reply to this vacancy.
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.