Senior Model Validator

Do you want to work as a Senior Risk Specialist at the Model Validation department? Do you enjoy assessing the functioning of models and coaching junior colleagues? Then this position is for you! In this role you can immerse yourself in the intriguing world of models. You maintain close contact with various teams within the bank, senior management and the supervisor. Will you join our department?

As a Senior Model Validator you have a unique view of the activities of de Volksbank. You have very diverse contacts, both within and outside the organization, including the Model Development, Risk Management and Audit departments, and also the supervisor. In this position you will assess the development and performance of the financial models of de Volksbank. Based on this, you advise Senior Management and developers on possible improvements and model use.

Your responsibilities

• You actively engage in stakeholder management, both internal and external;
• You coach more junior colleagues;
• You perform quantitative statistical analyses and assess the use of a broad spectrum of financial models;
• You convert your insights into clear and concise validation reports of high quality in which you present the model risk to senior management;
• You facilitate further improvement in model risk management;
• You contribute to drawing up and implementing model risk policy;
• You stay up-to-date on relevant regulations (including IRB and IFRS9) and translate these into state-of-the-art validations standards.

About Model Validation
Model Validation is part of the 2nd line of defense Risk Management function and provides an independent assessment of the quality, suitability and use of the models. Models are widely used to, for example, calculate capital requirements, value financial instruments or manage the balance sheet. The model validation team consists of an international, diverse and versatile team of highly skilled specialists. What makes working as a model validator at de Volksbank stand out compared to other banks, is that de Volksbank uses a wide range of models which are validated by a single team, ensuring you have exposure to a wide range of models.

The Volksbank has a warm and inclusive culture, colleagues are approachable and helpful. You may quickly have significant responsibilities, and therefore you will be able to make an impact to the organization. Model Validation uses Agile and lean techniques in its current way of working.

Your qualities and personal trait
You are able to understand complex matters in a short amount of time and are able to distinguish main and side issues. You have good planning and organization skills. Moreover, you are solution-oriented, proactive, diligent and accurate. You have a critical eye, and can handle delicate discussions in a persuasive and professional manner. Your deliverables are timely, professional and well written.

Moreover, you have:

• Obtained at least a MSc Degree in a study with a financial and/or quantitative background (having a PhD is considered an advantage).
• At least six years of working experience in a relevant field such as quantitative financial modelling, model development, and/or model validation.
• Programming skills and experience in analyzing large data sets (experience with Matlab is particularly valuable).
• Knowledge of retail banking regulation, specifically related to model risk management / models (e.g. IRB and IFRS9).
• An advanced command of English, both written and spoken, as that will be the language of your professional output.
• At least a basic understanding of Dutch (and the willingness to further improve it) to participate more easily in the organization as a whole.

To be sure if you are legally allowed to perform work in the Netherlands for the Volksbank, you must meet the follow conditions: a valid residence permit, a home address in the Netherlands and a social security number. Unfortunately we do not support relocation activities.

What you get from us?
You’ll be working for de Volksbank, the parent company of SNS, ASN Bank, RegioBank and BLG Wonen. The gross annual salary for this position is between € 65.821,82 and € 101.264,16 (job scale 11) based on 36 hours work week (including 13th month en holiday allowance). In addition, you can count on:

• 36-hour work week, for example 4x9, 32 hours can be discussed.
• An individual choice budget (IKB), you can choose when you receive your vacation allowance and thirteenth month.
• 208,8 holiday hours on full-time employment.
• Good collective pension plan.
• Working from home is quite normal.
• Personal training budget of 750 euros per year, in addition to the standard training opportunities.
• Every 5 years a budget of 900 euros to furnish your home office.
• NS Business Card and a compensation per km if you cycle to work.
• Bicycle plan to purchase a bicycle at a low cost.
• Partially paid voluntary work.
• Vitality program with workshops and coaching for your mental and physical health.
• Laptop and phone.

Will you be our new colleague?
We look forward to receiving your application. If we may offer you one tip: please feel free to be yourself. We embrace the diversity of all our colleagues and are genuinely curious about you.

Please upload your motivation and CV via the application button. We will contact you as soon as possible. For more information about the application procedure, please contact Nancy van de Wiel, corporate recruiter, nancy.vandewiel@devolksbank.nl

We’re happy to continue working with our preferred suppliers. Therefore, we kindly ask employment agencies not to respond to this vacancy.

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