Model Risk Manager

• Gross monthly salary between €3,869 and €5,526 (scale 08)
• Thirteenth month's salary and 8% holiday allowance
• 10% Employee Benefit Budget
• EUR 1,400 development budget per year
• Hybrid working: balance between home and office work (possible for most roles)
• A pension, for which you can set the maximum amount of your personal contribution

Or view all our benefits.

At Rabobank, models are essential to how we manage risk, ensure regulatory compliance, and protect society from financial economic crime. Within the Model Risk Management (MRM) department, the Non-Financial Model Risk team plays a crucial role in validating and overseeing models that address financial crime themes (such as anti-money laundering, terrorism financing, and fraud), and other non-financial risk themes, such as HR and IT.As a Model Risk Manager in the Non-Financial Model Risk team, you will help ensure that Rabobank’s models are fit for purpose. You will work closely with stakeholders across the bank to challenge, validate, and improve models that are vital to Rabobank’s role as a gatekeeper to the financial system.

You are a dynamic, analytical, and business-savvy model risk professional with a strong understanding of non-financial risk domains. You enjoy working in a diverse, multi cultural, collaborative environment and are motivated by the societal impact of your work. You will be responsible for executing validations and reviews, advising on model changes, and contributing to the continuous improvement of model risk governance. Beyond your technical expertise, you bring positive energy to the team, actively fostering inclusion, encouraging collaboration, and helping to build a strong team spirit.

• 43,822 Rabobank colleagues around the world;
• Exposure to all the risk types across the bank;
• 36 hours per week.

• Execute, validations and reviews of models in the Non-Financial Model Risk domain (e.g., financial crime, fraud, HR and IT).
• Provide clear, actionable feedback to model developers and business stakeholders.
• Write  opinions on proposed model changes and ensure alignment with internal standards and regulatory expectations.
• Stay up to date with developments in non-financial model risk, model governance, and validation methodologies.
• Act as a sparring partner for first-line model owners and developers, challenging assumptions and promoting model quality.

You’ll be part of a growing team of model risk professionals who are passionate about protecting the bank and society. We believe in the power of difference and value diverse perspectives. Together, we challenge the status quo and contribute to a transparent risk profile that enables Rabobank to manage non-financial model risks with a forward-looking mindset.

• Analytical thinking: applies critical thinking and analytical skills to assess complex information and make informed decisions regarding model risk;
• Effective communication: communicates clearly and persuasively, ensuring that complex concepts are understood by diverse audiences;
• Team-orientation: values collaboration across departments, fostering a team-oriented environment to achieve common goals;
• Attention to detail: maintains a strong focus on accuracy and quality in all aspects of model risk management and validation;
• Stakeholder management: prioritizes understanding and addressing the needs of stakeholders to enhance model effectiveness;

• Master’s or PhD, preferably in a quantitative or technical field (e.g., Econometrics, Mathematics, Data Science, AI).
• Some experience in model validation, non-financial / compliance risk, internal audit, or consulting in the financial sector is a plus.
• Strong analytical and critical thinking skills; able to translate complex model validation outcomes into clear insights.
• Excellent communication skills in English.
• A self-starter who enjoys solving complex problems collaboratively.

Reply to the vacancy for IT Risk Manager at Rabobank before the 7th of November, if we receive a large number of applications we will close the vacancy earlier than the stated date.

• Any questions about the job content? Contact: Willem van Willigen Non-Financial Model Risk - Manager Business Portfolio via willem.van.willigen@rabobank.nl
• Any questions about working at Rabobank and the process? Joris Opdam, Corporate Recruiter Risk Management via joris.opdam@rabobank.nl.
• We can hold interviews through a video call.
• You can find answers to the most frequently asked questions on rabobank.jobs/en/faq.
• A security check is part of the process.
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