Vacatures in Riskmanagement
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Model Risk Analyst - ABN AMRO Bank

Locatie: Amsterdam

We are looking for a:

Model Risk Analyst

ABN AMRO is on the trend of greater use of models. Driven in part by regulation but 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 a 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

The goal of the Model Risk Management Department is to limit the model risk of the ABN AMRO bank to acceptable levels. This is achieved by:

·         Further developing the bankwide model risk management framework

·         Defining model risk policies and procedures

·         Maintaining the model risk management tool

·         Creating model risk reports

·         Initiating actions to mitigate model risk where required

Being a Model Risk Analyst gives you an unique insight in a wide variety of modelling techniques, risk types, businesses, stakeholders, etc. Furthermore, the team functions as a centre of expertise by sharing knowledge on modelling, validation, model risk management and regulatory compliancy with all our stakeholders.

As a Model Risk Analyst you will be integral part of this team. You will assure good quality reporting, provide support to the Model Validation operational processes, give insight in planning, define and contribute to the overall Model Risk Management function by signaling and investigating possibilities to improve existing processes, data and reports, incorporating the needs of the users. 

Your working environment

Model Risk Management operates within Risk Management independent of the model development departments at ABN AMRO to ensure the objectivity of its process. It covers the model risk dimensions of data, methodology, implementation and use. It is a vital team for managing model driven decisions are of good quality. This responsibility is shared across the team of > 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

Do you think you will fit this job? Check your profile:

·         Interested in model risk management

·         Able to work independently

·         Good communication skills to a wide range of stakeholders

·         Proactive attitude

·         Strong analytical skills

·         Eye for detail

·         A (quantitative) financial background

·         Knowledge of the main concept of (risk) models including their use

·         Experienced in at least one of the modern programming languages like Python is a pre

·         Specific work experience in Banking/Insurance/Fintech is not strictly necessary but up to 3 years is a preferred entrance level.

·         Work experience in previous roles in risk management is a plus.

What we offer

·         International multi-cultural working environment

·         Great colleagues

·         Challenging work

·         Unique opportunity to learn the model landscape of ABN AMRO

·         Flexible working hours

·         Steep learning curve, and opportunity for future career development

·         Wide-range of training courses

·         Competitive salary and excellent benefits. Depending on your qualifications, this role covers multiple salary scales.


If you positively outmatch this profile, please take a look at our Senior Model Validator position as well.At ABN AMRO, we use our knowledge, expertise and network to help our clients within and outside the Netherlands achieve their goals based on responsible decisions. Our clients’ interests always come first. We want clients to understand our products, and we sometimes say ‘no’ if a product involves a risk that is too high for the client. Putting clients’ interests first also means communicating in plain language and crafting smart solutions that genuinely make a difference. That is our goal. Are you interested? Please apply online. For more information you can contact Ton Groot, Talent acquisition specialist, +31 6 53535423. We look forward meeting you. 


Information and application:


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

Job code:


Job posted

27 november 2018
Apply Now

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Argonweg 14
1362 AA 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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Nienke Smit   Pieter Lammers
Nienke Smit
  Pieter Lammers
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