Junior Data Scientist Transaction Monitoring

Job Description

As a Junior Data Scientist Transaction Monitoring you can have social impact, by catching the criminals using analytics models to analyse Rabobank transactions of 8+ million customers.

You and your job
Preventing Money Laundering & Terrorist Financing are one of the key aspects for our society and our organization, and as a bank we play a major role in this field. In order to be effective in fighting financial crime, we need talented individuals like yourself who get their energy from looking into data, patterns and behaviour of our customers to uncover illegal activities. In a multi-disciplinary team filled with smart and driven colleagues from a variety of nationalities you will work on optimizing our Transaction Monitoring (TM) model and TM system. As you can imagine, doing this job requires statistical, investigative and analytical expertise and if done successfully, will make sure that our analysts are able to focus on the true positive alerts – hence spend their time on truly value-adding activities. In summary, in this role you will be on the front line of fighting financial crime.

Practical Examples

• Do you want to help us catch even more types of suspicious behaviour? Collaborate with Anti Money Laundering (AML) experts, dive into our analytics environment (Databricks) and identify unusual patterns in our data.
• Do you want to see your code in production? Learn how to write production-ready code (Python, PySpark) and optimize its performance.

• Do you want to help us increase the potential of our TM system? Investigate how new data sources can be integrated into our data model or expand on the functionality of our model components.

• Do you want to learn and share knowledge? Participate in our knowledge sharing sessions, present your work to fellow data scientists, and pick the brain of your colleagues.
• Do you want to be a part of our team? Join us while we work towards the same goals, learn from our mistakes, and celebrate our successes.

Facts & Figures

• 40 hours per week
• 30+ other data scientists to collaborate with and learn from work on the TM model
• 40+ other roles to collaborate with and learn from within the same team (e.g., Anti Money Laundering Experts, DevOps engineers, Analytics Translators and more)
• 43,822 Rabobank colleagues around the world

Key characteristics

We are looking for ambitious data scientists who want to jump-start their career. This Junior Data Science position is specifically intended for those who are motivated to develop both their technical and professional skills. We are committed to helping you grow and you will be allocated additional time and resources to participate in hard and soft skill courses, training and peer-group coaching.

Advanced Analytics Young Professional Program
It is important for Rabobank to support young talent in their professional and personal development. Successful applicants to this Junior Data Scientist position will also join the Advanced Analytics Young Professional Program (AA-YPP). T he AA YPP is an 18-month program in which a group of junior colleagues in the field of analytics are supported to develop their careers and become experts in their fields. You will be offered courses on soft and hard skills and 1-on-1 coaching from your talent manager. With the group, you will have the opportunity to: (partly) shape the program, build a network within the bank, and share experiences/reflect with others in similar stage of their career.

Together we achieve more than alone
We believe in the power of difference. Bringing together people's differences is what makes us an even better bank. So we are very curious about what you can bring to our team in the Tribe FEC Tech.

The 70+ people in our Transaction Monitoring team are responsible for detecting money laundering and terrorism financing risks, using analytics models. Working together is the way we work; as 1 multi-disciplinary, highly talented and motivated team at Rabobank.

Talking of Rabobank: We are a Dutch bank that operates in 38 countries for over 9,5000,000 customers. Together with these customers, our members and partners we stand side by side to create a world in which everyone has access to enough healthy food. In the Netherlands we work to create a country in which people are happy with how they live, work and do business.

You and your talent

• Recent MSc graduate or PhD in a STEM field with less than 2 years of working experience.
• Background in Data Science, Mathematics, Computer Science, Econometrics or a related field.
• Strong analytics skills and programming skills.
• Communicative, pro-active, structured, and can work well with different people and roles
• Strong verbal and written communication skills in English.
• Motivation to catch criminals by making our TM system more effective; in other words, you are motivated to build models that realize measurable impact for the bank and society, not necessarily to build the most complex advanced analytics models.

• Thrive in a high-impact, dynamic and high-paced environment

This is what we offer you

• Up to €3.785,60 gross per month (scale 7)
• An Employee Benefit Budget, 10% of your monthly salary to be used at your discretion. Buy extra holiday hours, add more to your pension savings or ask for part of the extra budget to be paid out.
• Personal budget of € 1.400 to spend on activities related to your personal development and career flexible working times and location-independent working.
• A combination of working from home and at the Utrecht office.

This is a selection of the terms of employment for a Junior Data Scientist Transaction Monitoring based on a 40-hour working week. You can find all terms of employment on rabobank.jobs/en/conditions-of-employment.

You and the job application process

Reply to this vacancy soon. Selection will close once we have found suitable candidates. The process consists of an online assessment, a digital 1st interview with a recruiter and a current young professional within the FEC domain, and a final interview with two of the possible team leads and a talent manager.

Please write a motivation letter explaining why you are a fit for Rabobank, what drives you to work for the Financial Economic Crime department and how you hope to develop on a personal level during these 18 months as well. This can help increase your chances of being selected.

• Any questions about the job content? Contact: Michiel Heeneman, Product Owner Transaction Monitoring via Michiel.Heeneman@rabobank.nl.
• Any questions about working at Rabobank and the recruitment process? Contact Marike Damstra, Recruiter via Marike.Damstra@rabobank.nl.
• We will hold the interviews through a video call.
• You can find answers to the most frequently asked questions on rabobank.jobs/en/faq .
• A security check is part of the process.
• We respect your privacy.

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