Senior Model Validator Amsterdam

Do you have a lot of experience in financial mathematics? Did you have other roles in model validation? And do you want to develop yourself in a challenging environment? Then this might be something for you!

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Job description

Model Validation covers all risk models; for instance credit risk, market risk, counterparty credit risk, interest rate risk, liquidity risk and so on. On top of that, multiple other model categories are being validated. In the Banking Industry this is a unique setting. It will stretch your learning curve across a wide variety of modelling techniques, risk types, businesses and stakeholders. Furthermore, Model Validation performs as a centre of expertise by sharing knowledge on modelling, validation, model risk management and regulatory compliancy with all our stakeholders. The task of a Validator comes with a large amount of responsibility. 

This responsibility also requires managing a wide range of key relationships of the Model Validation department such as; 
 

  • Senior (Risk) Management 
  • (Senior) Management in Business Lines Retail, Private, Commercial and Corporate & Institutional Banking; 
  • Model developers but also vendor model developers; 
  • Expertise Centres in Risk (like Basel Management); 
  • IT and other model implementation departments 
  • A wide range of users of (risk) models
  • Internal Auditors; 
  • External Regulatory Bodies (like DNB, ECB). 

 
Your working environment
Model Validation operates independently of the model development departments at this company to ensure the objectivity of the validation process. It covers the model risk dimensions of data, methodology, implementation and use. The outcome of the validation process affects every level of the organisation – from individual client acceptance to strategic decision making and steering. It is a vital team for assuring model driven decisions are of good quality. This responsibility is shared across the team of about 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.

Requirements

  • Strong experience in financial mathematics, behavioural models, stochastic calculus and econometrics, as well as the most recent developments in these fields for at minimum 5 years
  • Work experience in previous roles in model validation is strongly preferred
  • Proven understanding of risk management practices within the financial services industry especially in modelling.
  • Good knowledge of regulatory requirements (e.g. Basel, FRTB)
  • Experienced in modern programming languages (Matlab, C++, Python, R) and/ or statistical software (SAS)
  • Strong analytical and problem solving skills
  • Eye for detail
  • Able to work independently
  • Experienced with coaching of team members
  • Good communication skills to a wide range of stakeholders including supervisory authorities
  • Able to give presentations on complex topics for a broad audience
  • Proactive attitude
  • Obedience of deadlines while still delivering high quality work

 What we offer

  • International multi-cultural working environment
  • Great colleagues
  • Challenging work
  • Unique opportunity to learn/cover multiple risk types
  • Flexible working hours
  • Future career development
  • Wide-range of training courses

Company Profile

Our client has been working for years with great dedication and financial expertise on the financial progress of our customers. Personal attention, knowledge and experience are paramount in all positions and with each label. You can fully develop yourself at this company and because of the impact you can make within your field, you contribute to the future of our organization. Furthermore, you can count on good primary and secondary employment conditions.

What we offer

  • International multi-cultural working environment
  • Great colleagues
  • Challenging work
  • Unique opportunity to learn/cover multiple risk types
  • Flexible working hours
  • Future career development
  • Wide-range of training courses

Publication date

02.03.2023

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At a glance

Your contact

Robin Visser

Senior Consultant

What is your life quote / life motto?
Always look on the bright side of life!

What is your tip in recruitment/consulting?
Honest communication, clear expectations, transparency and a personal touch are, in my opinion, the most important ingredients for a good service.

What is your goal for 2022
Improve my performance compared to 2021! Besides, I want to become fitter, enjoy all the beautiful things in life more. Most important I want to continue to prolong my Vye Game Night title 😉