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Associate Model Validator - ABN AMRO Bank

Location: Amsterdam
Employment: Full-time

We are looking for an:

Associate Model Validator

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 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 an analytic 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 an Associate 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.

 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

As an Associate Model Validator of one of the four Validation teams (Innovation & Projects, Credit Risk Model Validation, ALM & Capital Model Validation, Valuation & Market Risk Model Validation) you are responsible for high quality validations. These validations contribute to identifying and mitigating the model risk at ABN AMRO in line with internal and external requirements and reflecting best market practices. You form an independent opinion on matters such as the mathematical consistency of the model, its suitability for its intended use, the accuracy of the model and its proposed implementation. The findings of the validation are presented in a validation report, which contains a recommendation towards the risk committee mandated to grant model approvals, as well as proposals for mitigating action in case model deficiencies have been identified.  

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.

The department consists of about 30 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.

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. 

Your profile

  • Master’s degree in a quantitative discipline, e.g. (financial) mathematics, (theoretical) physics, econometrics or similar
  • Basic understanding of (risk) modelling, (model) risk management and the use of models
  • Basic knowledge of regulatory requirements regarding model risk management and (risk) modelling (preferred)
  • Knowledge of a programming language such as Python, R, SAS ; 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
  • Possibilities for flexible working hours and work from home are negotiable. We offer good facilities for remote working.
  • 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

Interested?

Are you interested? Please apply online. For more information you can contact Kevin Kuoch (kevin.kuoch@nl.abnamro.com).
We look forward to meeting you.

Location:
Amsterdam

Information and application:

Apply:

Please send your application for Associate Model Validator at ABN AMRO Bank in Amsterdam including your CV via our website.

Job code:

35021

Job posted

29 juni 2020
Apply Now

More information:

Are you interested? Please apply online. For more information you can contact Kevin Kuoch (kevin.kuoch@nl.abnamro.com).

Wil je deze vacature delen met je netwerk?

Contactgegevens

CareerGuide

Transistorstraat 7
1322 CJ Almere

Postbus 60184
1320 AE Almere

Tel: 036 - 7440 136

KvK 32090652
ING Bank NL91INGB065.42.67.456
BTW NL.8106.57.041.B01

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Ook een vacature plaatsen? Neem contact met ons op:


Nienke Smit   Pieter Lammers
Nienke Smit
n.smit@careerguide.nl
06-41454957
  Pieter Lammers
p.lammers@careerguide.nl
06-41454956