Vacature Model Risk Manager in Utrecht

Ben jij een ervaren Model Risk Manager die een cruciale rol wil spelen bij Rabobank in Utrecht? Bij Rabobank zijn modellen de ruggengraat van onze digitale transformatie en compliance. Model Risk Management (MRM) beschermt de bank tegen materiële modelrisico's en zorgt voor nauwkeurige besluitvorming en naleving van regelgeving.

Jouw rol: Als Senior Model Risk Manager ben je een expert in het MRM-framework, leid je initiatieven, en werk je samen in een dynamische omgeving aan een toekomstbestendig modelrisicodomein.

Leiden van Model en AI Risk Governance Framework reviews
Actief betrokken bij belanghebbenden voor pragmatische governance
Diepgaande kennis van governance framework en adviesrol

Deze functie is van cruciaal belang in het modelrisicodomein en is te vinden op riskcarriere.nl — de vacaturebank voor Model Risk Managers met een professionele community en nieuwsbrief.

At Rabobank, models are the backbone of our digital transformation, regulatory compliance, and key banking processes such as client due diligence, pricing, and stress testing. They empower us to achieve more with less—more lending with less capital and enhanced client experiences. However, models inherently carry risks.

This is where Model Risk Management (MRM) plays a crucial role. MRM safeguards Rabobank against material model risks, enabling accurate decision-making, regulatory compliance, and protection against financial and reputational losses. We ensure that models across the entire bank are fit for purpose, accurate, used as intended, and meet both internal and external expectations through validation activities, business advisory, and mature model risk governance and oversight. We operate in an environment characterized by rapid technological advancements, regulatory complexities, and accelerated social and geopolitical changes. These trends create conflicting priorities, necessitating an adaptable and future-fit workforce, as well as scalable and sustainable ways of working.

MRM Strategy Domain – Model- & AI Risk Strategy and Governance

MRM is organised into one Model Risk Strategy (MRS) domain for overarching model risk governance and oversight, and three portfolio domains—Non-Financial, Core, and Financial Market & Treasury—to ensure proper model risk management within each area. As part of the Model Risk Strategy domain, the Model- & AI Risk Strategy and Governance team defines and oversees model risk management across the organisation. The team establishes overarching policies and procedures, ensuring robust governance frameworks that bridge the gap between validation units and various stakeholders.

You and your job

As a Senior Model Risk Manager, you will serve as a subject matter expert on the model risk management framework (MRMF). You excel at translating new initiatives into tangible improvements that simplify and enhance the way of working across the model risk management organization. With your strong ability to structure and organize programs and projects, you effectively engage stakeholders throughout both the initiative and decision-making processes. Together with your Model Risk Strategy colleagues, you provide oversight and insights to drive the transformation toward a robust and future-proof model risk management organization. Your work enables us, as a cooperative bank, to make a meaningful impact by partnering with the business in managing model risk. You will collaborate with experts from various disciplines in a dynamic environment and play a key role in shaping a resilient and mature global model risk domain that is fit for the future. Beyond your governance expertise, you bring positive energy to the team, actively fostering inclusion, encouraging collaboration, and helping to build a strong team spirit.

Practical Examples

Lead and perform Model and AI Risk Governance Framework reviews to continuously adapt model risk strategy in collaboration with the MRM domains;
Actively engage with stakeholders both internal and external to continuously deliver fit for purpose and pragmatic Model- and AI Risk governance;
Develop a deep understanding of the governance framework and act as a trusted advisor for the organization being the centre of excellence on Model- and AI risk;
Lead and support 2nd line initiatives across CRO domain to support an integrated and integral view on AI Risk;
Provide insights on model and AI risk developments, including GenAI use cases and track changes in risk stemming from increased AI adoption;
Guide and encourage team members to enhance performance and skills;
Maintain an extensive network and stay updated on recent developments.

Facts & Figures

43,822 Rabobank colleagues around the world;
Exposure to all the risk types across the bank;
36/40 hours per week.

Top responsibilities

Engage with senior stakeholders across the organization delivering customer-centric outcomes to support the business in execution of the MRM processes;
Develop comprehensive model and AI risk frameworks and continuously enhance policies and procedures whilst monitoring and adapting to AI and emerging risk trends;
Develop transparent communication channels to ensure stakeholders are informed about policy changes bringing alignment across the bank;
Support the execution of the MRM strategy;

Key performance indicators

The MRMF is correctly and consistently applied across the different domains, regions and entities.
Model Risk is managed in an efficient and effective manner using centralized and standardized tooling conforming to industry standards and supporting the decision making processes.

Together we achieve more than alone

We believe in the power of difference. Bringing together people's differences is what makes us an even better bank. So, we are very curious about what you can bring to our team at MRM.

Working together is the way we work; as one effective, purposeful, passionate and results-driven team at Rabobank. Talking of Rabobank: we are a Dutch bank that operates in 38 countries for over 9,500,000 customers. Together with these customers, our members and partners we stand side by side to create a world in which everyone has access to enough healthy food. In the Netherlands we work to create a country in which people are happy with how they live, work and do business.

You and your unique talents

You are a responsible, results-driven leader who excels in managing content and people in a large and complex stakeholder field and priorities tasks effectively, and ensuring organizational wide alignment on the MRM strategy to develop win-win solutions.

Key behaviours:

Service oriented: always exploring how to support Rabobank as a whole to further improve and simplify processes, going the extra mile for clients
Decision making: assumes responsibility and acts fast in decision making, while incorporating and carefully considering the different often contradictory input from different stakeholders
Collaboration: utilises a wide network, by reaching out across Rabobank to stakeholders that can help moving faster and at the same time ensuring buy-in
Problem solving: able to capture the essence of problems, effective and efficient in transforming it into manageable and concrete steps to find a proper solution within short timelines.
Professionalism: Demonstrates professionalism and is highly regarded among peers and has knowledge of the business;
Innovation: Embraces new technologies and methodologies, seeking opportunities for innovation in risk management practices;
Strategic perspective: Thinks critically about the broader implications of risk management practices on business objectives.
Adaptability: Thrives in ambiguity and navigates complex situations effectively;

Key skills:

Hold a master’s or PhD degree in a relevant discipline;
7+ years of relevant work experience, preferably in the area of (model) risk management;
Affinity with the business in combination with the ability to build and maintain relationships with diverse stakeholders, facilitating effective communication and collaboration, connecting the dots and breaking down silos;
In depth knowledge of the model risk management and AI risk governance topic as well as how this interacts with other risk types, preferably working with several aspects of the model life-cycle (e.g. model development, validation, governance or use);
Strong understanding of regulatory frameworks and compliance requirements, with the ability to bridge regulations and policies with strategic enablement while maintaining a holistic perspective on the risk, technological advancements, business and model landscape.
Strong communication skills to effectively convey complex risk concepts to diverse stakeholders while balancing diplomacy and persuasion;

This is what we offer you

Salary: Gross monthly salary between EUR 5,381 and EUR 7,687 (scale 10) for a 36-hour work week.
Extras: a thirteenth month, 8% holiday allowance, and a 10% Employee Benefit Budget.
Development budget: EUR 1,400 development budget per year for your growth and development.
Hybrid working: a balance between home and office work (possible for most roles).
Pension: decide for yourself the amount of your personal contribution.