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(Jr. , Mr.) Credit Risk Model Validator - Retail bank - via Michael Page Risk & Compliance

Location: Amsterdam
Employment: Full-time

The model validation team is responsible for performing all initial and periodic validations of the credit risk, asset risk, market risk, operational risk, liquidity risk and other risk models managed by Group Risk. The Model Validator operates independently of the model development team to ensure the objectivity of the validation process. The model validator also participates in the maintenance of the model risk related policies and standards.
  • ECB supervised bank, flat organization
  • Help mature Model Validation , 4-5 people strong team

About our client:

An international FS , ECB supervised , operating in more than 30 countries. International HQ in Amsterdam.

Tasks and responsibilities:

  • Validation of new models and existing models in the domain of credit risk, asset risk, market risk, operational risk and other risk domains.
  • Assessment of model methodology
  • Quantitative analysis on data used in the model and analysis of model performance.
  • Replication of key results and reporting the model validation results.
  • End-to-end management of a validation project including setting up project planning.
  • Verify if models are in line with internal model standards as well as external regulations/guidelines.
  • Support junior validators
  • Present validation results to senior management/risk committees
  • Support reporting to and communication with the regulator Model validation acts as a centre of expertise by sharing knowledge on modelling, validation, model risk management and regulatory compliancy with all our stakeholders


  • 2-5 years of work experience in model validation and/or quantitative analysis.
  • Experience in validation of regulatory models (ECB, EBA, CRD, IFRS).
  • Quantitative academic education in a relevant field like mathematics, statistics, econometrics orphysics.
  • Proficient in one or more of the following - statistics, financial mathematics, stochastic calculus and/or machine learning.
  • Experienced in modern programming languages (e.g. Python,R).
  • Thorough knowledge of regulatory requirements.
  • Able to effectively communicate to a wide range of stakeholders.
  • Able to work under high pressure.
  • Strong analytic skills and advanced interpersonal and communicative skills

Our Offer:

  • A competitive remuneration package ( Bonus, Premium Free pension plan )

Information and application:


To fulfil this vacancy this organization is working together with Michael Page Risk & Compliance.

Please send your application for (Jr. , Mr.) Credit Risk Model Validator - Retail bank at this organization in Amsterdam including your CV via our website.

Job code:
Job posted
19 juli 2022
Apply Now
More information:
Rogier Jansen
t. +31 6 2298 4783
Wil je deze vacature delen met je netwerk?


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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