Associate Model Validator
ABN AMRO Bank
Amsterdam, Noord-Holland, Netherlands
14 uur geleden

At a glance

ABN AMRO is on the trend of greater use of models. Driven in part by regulation as well as through innovations, the growing reliance on models manifests in all areas of the bank.

For risk management purposes ABN AMRO has models in place for amongst others 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 Risk Management department acts as a sounding board and expert advisory role for the entire bank for any matters related to model risk and model risk management.

The department consists of teams responsible for validating models as well as the Model Risk Management Office. This Office executes, enables and facilitates key elements of the Model Risk Management framework, including control and reporting of model risk and supporting the model life cycle including the support of the validation teams.

The team is responsible for managing the framework, supporting the model life cycle, reporting and control of model risk for the entire organization.

Your job

For the Model Risk Management Office we are looking for strong analysts with an entrepreneurial mind. Do you enjoy an analytic job which makes a difference in the organization?

Are you looking for a challenging and dynamic job with the opportunity of steep learning? Join this team aimed at managing the Banks model risk in the best possible way.

As an Associate Model Risk Analyst in ABN AMRO, you can become an expert in model risk management and get an understanding of the related risks.

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 working environment

The Model Risk Management Office works closely together with affiliated departments including the (Non-) Financial and business grids, Operational Risk Management & Control cycle to ensure proper model risk management.

In addition, it supports Model Validation with model related information, coordination and reporting outside the direct scope of the validation projects.

Therefore, the Model Risk Management Office team works closely with the Model Validation teams by informing them timely on any emerging risk in the model development, model implementation or model use.

This responsibility is shared across the department 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

  • Bachelor’s degree preferably in a quantitative discipline, e.g. (financial) mathematics, (theoretical) physics, econometrics or similar
  • Basis understanding of (risk) modelling, (model) risk management and the use of models
  • Basic knowledge of regulatory requirements regarding model risk management and (risk) modelling
  • Knowledge of a programming language such as Python, SAS, VBA; knowledge of MS Office. (preferred)
  • Strong analytical and problem solving skills
  • Able to work independently
  • Good communication skills
  • Proactive attitude
  • Able to meet deadlines while delivering high quality work
  • Full business proficiency in English.
  • What we offer

  • International multi-cultural working environment
  • Great colleagues
  • Challenging work
  • Unique opportunity to interact with multiple departments within the bank
  • Flexible working hours
  • Future career development
  • Wide-range of training courses
  • Competitive salary and excellent benefits
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