As a member of the Model Risk Management Office,
- You will contribute to the management of model risk on a bank wide level by being responsible for the control and reporting part of the model risk management framework. This includes:
- analysing data and reports from stakeholders,
- reporting deviations and issues to the relevant stakeholders
- creating (aggregated) reports.
- You will perform analysis on the reported model risk assessments done by the validation team and provides support to Model Validation in collecting model related information requested by stakeholders, amongst whom are the business regulators, Internal Audit and external auditors.
- You will continuously improve the reporting and control framework, proving that the bank is in control over all relevant models within the model landscape of different business lines.
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 profile
- University degree preferably in a quantitative discipline, e.g. (financial) mathematics, (theoretical) physics, econometrics or similar, at least at Master level.
- At least 4 years relevant work experience preferably in a quantitative role in the financial industry.
- Good understanding of (risk) modeling, (model) risk management, and the use of models.
- Good knowledge of regulatory requirements regarding model risk management and (risk) modeling. Experience with programming languages and/or tools, e.g., Python, SAS, STATA, and Visual Basic is desirable.
- Strong analytical and problem-solving skills.
- Able to work independently.
- Good communication skills to a wide range of stakeholders.
- Proactive attitude.
- Able to manage deadlines while delivering high-quality work (Full business proficiency in English).
