At a glance

We are looking for a junior colleague in the Model Ownership team in ABN AMRO’s Model Ownership & RWA Oversight (MO&R) department. Within the MO&R department our Model Ownership team is responsible for the oversight of the use, implementation and quality of pillar I credit risk models. The team is comprising of two sub-teams, focusing on, both, program lending (“retail”) and non-program lending portfolios. You will be working predominantly as one of the model owners in the context of retail models. The role provides a wide range of opportunities to learn and grow.

Your job

You have the opportunity to join the Model Ownership team within Credit Risk which is accountable for the model ownership for Credit Risk Models. The team facilitates all the necessary activities for Credit Risk to accept this accountability and to ensure that the model life cycle is appropriately followed. This team takes the accountability for credit risk model ownership; keeps oversight on the design, internal and regulatory approval, implementation, use, monitoring and decommissioning of the Credit Risk Models. The models owned are used for regulatory and economic capital calculation, risk based decision making, portfolio management, pricing, and multiple other uses. During the entire model life cycle you are responsible for the oversight of these models, while depending on the phase of the life cycle your role will either lean towards formulating opinions on the quality of models, initiating discussions on necessary changes, or reporting on the state of affairs of the models. You will help Credit Risk in its role to keep oversight and control on the entire credit risk balance of ABN AMRO.

Working environment

The MO&R department comprises of three teams and a total of approximately 20 FTE’s, focusing on the ownership of pillar I credit risk models and Economic Capital models and RWA Oversight. MO&R is part of the Credit Risk division, which form the 2nd Line of Defense of credit risk management. Within the Credit Risk division, MO&R is one of the shared capabilities, which means that we are aiming to share knowledge with other departments.

The Model Ownership team works closely with the departments responsible for developing and maintaining models (Modelling Data, Risk Modelling, Regulatory Model Management, Model Validation), implementing the models (several IT GRIDs), the business lines using the models and the supervising authorities such as internal Audit and DNB/ECB. To ensure the set-up of a proper model landscape, the execution a sound model life cycle process and the appropriate use of the models, you will work closely with several subject matter experts from other departments including Modelling, Model Validation, Model Risk Management, IT, Operational Risk Management & Control. The team creates aggregated reports on Credit Risk model related matters and shares these with senior management, ECB, as well as with other key stakeholders in the Bank.

Within the MO&R department, professionals can grow and develop further. Since the department is in building-up phase, it is appreciated when you actively contribute to improving the way of working. Different views are valued and respected and it is encouraged to provide a new perspective. The atmosphere is open and informal and we are willing to help each other.

Your profile

You are a great candidate to become our new colleague, if you meet the following description:

• Do you have an academic education in a relevant field (Economics, Finance or a quantitative discipline)?
• Are you a fast thinker that can work on detailed questions as well as overarching challenges?
• Do you have excellent communications skills, especially in writing? (fluency in English is required)
• Are you looking forward to stakeholder management discussions?
• Are you able to explain the main concepts of credit risk models?
• Are you familiar with the CRD/CRR framework?
• Do you have a basic knowledge of credit risk model related regulations (like EBA RTS and guidelines, ECB guide to internal models) ?
• Do you have 1-4 years working experience in a relevant position?
• We will evaluate candidates based on their individual qualities and their added value to the skills, knowledge and diversity of the team.

We are offering

• The gross monthly salary displayed above is based on a 36-hour work week, including vacation pay and benefit budget.
• The Benefit Budget is 11% of your salary. The Benefit Budget allows you to acquire additional employment benefits. If you make no purchases or reservations in the Benefit Shop in a given month, you are paid one twelfth of your Benefit Budget that month.
• Five weeks of vacation per year. You have the option to purchase an additional four weeks per year.
• Personal development Budget of € 1,000 per year, which you can accumulate up to € 3,000.
• Possibility to work from home (in consultation with your team and depending on your position).
• An annual public transport pass with free public transportation throughout the Netherlands.
• An excellent pension scheme.

Interested?

If you are interested in this position, please apply via de apply button.
Reach out to us via email (marta.anacka@nl.abnamro.com) to learn more about this position.
Employment agencies are requested not to reply to this vacancy.

Equal opportunities for all

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.

Disclaimer external recruitment agencies

External recruitment agencies need to have a signed agreement with ABN AMRO BANK N.V., executed by a Talent Acquisition Specialist, when submitting a resume to a vacancy. No unsolicited services or offers, please.