Product Manager Model Risk Management TM

• Gross monthly salary between EUR 5,381 and EUR 7,687 (scale 10) for a 36 hour week
• Thirteenth month's salary and 8% holiday allowance
• 10% Employee Benefit Budget
• EUR 1,400 development budget per year
• Hybrid working: balance between home and office work (possible for most roles)
• A pension, for which you can set the maximum amount of your personal contribution

We are seeking a TM Product Manager within Model Risk Management to oversee the governance, validation, and risk management of AML Transaction Monitoring (TM) Models, covering the RNL and WR businesses. This role ensures that models used for detecting unusual activities are effective, well governed, compliant with internal and regulatory expectations, and aligned with risk management frameworks.

The successful candidate will provide close support to the Model Risk Lead on all matters relating to TM Model Risk, including model validation, ongoing monitoring, risk mitigation, governance oversight and regulatory/audit compliance, in collaboration with key stakeholders across FEC, Financial Crime and Technology.

1. Strategic Oversight and Leadership

• Provide close support to the Model Risk Lead, providing senior level oversight and decision-making support when required
• Drive the model risk strategy, helping to enhance the overall governance and validation approach for AML TM Models
• When required lead on interactions with audit and senior stakeholders, ensuring model risk practices align with regulatory expectations
• Mentor and develop junior colleagues, providing technical guidance, knowledge sharing and development opportunities
• Embed a culture of proactive risk management, ensuring risks are identified and addressed as early as possible
• Define and enforce best practices, standardising governance, documentation, and issue resolution processes, simplifying where possible.

2. Risk Management & Stakeholder Management

• Support Model Risk Lead in executive reporting, preparing, and presenting key risk insights for senior management and risk committees
• Collaborate with Model Functionality, Financial Crime Compliance, Technology teams to align risk assessments with model enhancements
• Act as a senior representative when participating in model governance forums, risk committees and regulatory discussions.

• Proven experience in model risk management, model validation, or risk assessment within AML/Financial Crime
• Strong knowledge of AML TM models, risk-based alerting, and regulatory expectations
• Expertise in model governance best practices, independent validation, and risk management frameworks
• Experience in data driven analysis, model testing and ongoing performance tracking
• Ability to translate technical model risk findings into clear, actionable insights for risk committees and business stakeholders

• Relevant Bachelor or Master’s degree 
• You have at least 5 years relevant work experience in FEC preferably Transaction Monitoring  
• Extensive knowledge and experience in the area of TM compliance and regulations, with a deep understanding of the regulatory landscape and emerging trends 
• Knowledge of international innovation and trends regards TM 
• Strong analytical skills and attention to detail, with the ability to continuously innovate the coverage framework  
• A lean and agile mindset, always seeking continuous improvement 
• Above all; you have a positive presence and are ready to make a difference 
• You master the English language in word and writing 

• Scale 10 with a maximum of €7.687,41
• Thirteenth month's salary and 8% holiday allowance.
• An extra budget of 10% of your gross 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.
• A combination of working from home and at the office.

This is selection of the terms of employment for a Product Manager Model Risk Management TM on a 36-hour working week. You can find all our terms of employment on Benefits at Rabobank - Rabobank

Are you the person we're looking for? Are you ready to join Rabobank and make a difference to yourself, our customers and to society? We look forward to receiving your application for this vacancy.

• Any questions about the job content? Contact Ilse de Heer via Ilse.de.Heer@Rabobank.nl
• Any questions about working at Rabobank and the process? Judith van Limpt, Recruiter via Judith.van.Limpt@Rabobank.nl
• Assessment is part of the application process
• You can find answers to the most frequently asked questions on rabobank.jobs/en/faq.
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