Medior Model Validator

Your model validation skills have an impact on our 8.5 million customers.

You and your job

As a Model Validator, you make a difference by validating risk models within Rabobank and providing input to improve the model landscape. You work in a diverse international team with highly educated professionals. You become an expert in analysing and critically challenging a broad variety of risk models. You will have the opportunity to learn techniques to assess big data sets, effectively challenge quantitative models and check the implementation in production systems. You interact with different stakeholders across the bank, analyse and present your results and share and build your quantitative knowledge.

The Capital & Asset and Liability Management Model Validation (CALM MV) team is part of the Model Risk Management department and covers models in the ALM (interest rate risk and liquidity risk) and the Economic Capital & Operational Risk clusters. Rabobank is hiring a medior model validator for the CALM Model Validation team. 

Responsibilities

You will be validating risk models that are used to manage the entire banking book of Rabobank and independently challenge models and model use throughout the entire model life cycle. Your top 4 responsibilities are:

• Validating a range of models across different types of risks;
• Providing input for state-of-the-art model validation standards and innovating model risk management procedures applicable for the organization;
• Collaborating with stakeholders from other departments (e.g. modelling departments and other risk departments);
• Leading validation projects and coach colleagues: knowledge sharing is key.

Facts & figures

• 36 to 40 hours per week;
• Approximately 44,000 Rabobank colleagues around the world;
• Around twelve diverse colleagues within the CALM MV team with different levels of seniority.

Together we achieve more than alone

Collaboration and diversity are at the heart of everything we do. Our Model Risk Management department brings talented people of a multitude of backgrounds together to review risk models from the whole bank, including:

Leonie, Model Validator CALM MV: ‘I love the diversity of my job! As a validator we get to see many different topics and we cooperate with many different people throughout the bank.’

Bart, Model Validator CALM MV: 'In the ALM cluster we help safeguarding the quality of the risk models that are used to manage the entire banking book of Rabobank. Collaboration is key and every team member brings a particular set of skills to the table.'

Rabobank is a financial services provider for 8.5 million customers. Rabobank’s mission is ‘Growing a better world together’ and we do so in countless ways, such as:

• We make sizeable annual investments in the voluntary sector in the Netherlands. This allows us to support about 1,250 sports and cultural organizations that are a second home to many people;
• We provide € 500 million in financing to the Dutch education sector annually because, after all, good education is the bedrock of tomorrow’s society;
• With the Rabobank Foundation, we support social enterprises. This enables people that experience barriers to enter the labour market to attain the opportunities they deserve, which helps them to participate fully in our society.

You and your talent

Customer focus, collaboration, innovation, and strong communications and negotiation skills are essential for the role of model validator. If you tick a few of the boxes below and see potential, please feel free to apply as well!

• You have a Master’s or PhD degree in a quantitative field, such as econometrics, quantitative finance, mathematics, physics or related field A solid background in statistics is desirable.
• You have 3-5 years of working experience in a financial institution in relation to building or validating (risk) models. Experience with ALM models is beneficial;
• Strong programming skills in Python;
• You have a healthy critical attitude;
• You are result-driven and are able to guide other team members;
• You have strong communication and presentation skills. You have excellent English communication skills, both in writing and in oral communication;

This is what we offer you

• a gross salary between € 4200 and € 6.100 (scale 9);
• thirteenth month salary and 8% holiday allowance;
• an extra budget of 11% 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 pension scheme to which you contribute 3.5% or 5.5%.

This is a selection of the terms of employment for a Medior CALM Model Validator based on a 36-hour working week. You can find all terms of employment on rabobank.jobs/en/conditions-of-employment.

At Rabobank we stand for diversity. Rabobank pursues an active diversity policy. This is done by striving for diversity in terms of gender, cultural background, age, etc. when composing teams. Also by creating a corporate culture in which people are open to each other's background and no one is excluded. This is part of our social position, and as a result, our services will be more in line with the wishes of customers. So you can be who you are. More information about diversity and inclusion can be found at https://tinyurl.com/RaboDiversity

You and the job application process

We look forward to your response to the vacancy Medior CALM Model Validator at Rabobank.

• Any questions about the job content? Contact: Joost van Opzeeland, Manager CALM MV via Joost.van.Opzeeland@rabobank.nl
• Any questions about working at Rabobank and the process? Contact: Theo Degen, Sr. Recruiter via Theo.Degen@rabobank.nl
• You can find answers to the most frequently asked questions on rabobank.jobs/nl/veelgestelde-vragen
• A pre-employment screening check is part of the process
• We respect your privacy
• Everyone is different, and it is exactly those differences that help us become an even better bank. That's why we want to know who you really are!