Senior Model Validator

Job Description: 

Why you want to work for NIBC’s Risk Analytics & Model Validation

As a model validator at NIBC, you’re not just an employee, but a vital player in shaping the bank’s future. Your unique talents and perspectives will be valued and nurtured in our entrepreneurial and inventive culture.

We understand that flexibility is key to a healthy work-life balance. That’s why we provide modern devices and flexible working spaces, allowing you to work where and when you’re most productive.

Joining our Risk Analytics & Model Validation team, you’ll be part of a diverse international team that values collaboration and teamwork. Here’s what you can expect:

• Central Role: You’ll be at the heart of our organization, interacting with all business units and senior management.
• Impact: Your opinions matter to us. Stakeholders will value your recommendations, and you’ll see the direct impact of your work. Unlike in a large corporation, you won’t be lost in the crowd but will make a real difference, as your voice will always be heard.
• Diverse Team: You’ll be part of a diverse international team, learning from the varied experiences of your colleagues.
• Growth Opportunities: We believe in helping our employees reach their full potential. In addition to excellent financial conditions, we offer ample opportunities for development. At NIBC, you’re not just doing a job; you’re building your career.

What you will do

As a valued team member, you’ll gain exposure to almost all financial products in the bank through our most important models. You’ll interact intensively with all departments of the bank, providing support for valuations, pricing, and risk assessments. For this purpose you’ll need to understand the business. This means you’ll be in direct contact with the business and other risk teams. Your opinions will be valued, and your recommendations will be followed by model owners and the business.

You’ll also have the opportunity to learn about and further develop NIBC’s Economic Capital framework by ensuring appropriate ongoing risk modelling of all the bank’s risks. You’ll work with statistical models and use your own judgment in quantifying the bank’s capital requirements.

Within Risk Management, the Risk Analytics & Model Validation team is responsible for:

• Bank-wide Analysis and Quantification of Capital Usage: The team owns, develops, and uses the bank’s Economic Capital framework, supporting the business and business performance measurement, the internal capital adequacy assessment process (ICAAP), and reporting to DNB.
• Validation of Business Critical Models: You’ll validate all business-critical models within the bank, used for valuation, pricing, or risk assessment, like IRRBB, IFRS9, IRB models.
• Development and Maintenance of Policies and Standards: You’ll help develop and maintain the bank’s model risk-related policies and standards.

NIBC as organisation

Founded in 1945 to finance the visionary entrepreneurs who helped rebuilding the Netherlands after the second World War, NIBC was closely collaborating while professionally supporting companies and individuals in realizing their dreams and goals with a sustainable future in mind. As a multicultural midsize bank with a working environment that is best described as dynamic and ambitious, we share a forward-thinking, can-do attitude with our employees and clients which we call our THINK YES mentality. Our corporate values are Professional, Adaptive, Collaborative and Entrepreneurial. You will have a direct and meaningful impact on both the bank and its clients. By building our company on optimism and mutual trust, and with our THINK YES mentality, NIBC is an enterprising bank that enables ambitions.

What’s in it for you?

NIBC is an ambitious environment where together we strive to create a fantastic workplace where you feel safe and challenged to be the best version of yourself. This is in line Professional, Adaptive, Collaborative and Entrepreneurial, since you are in the lead of setting the PACE of your career at NIBC. In addition, you receive a competitive salary, plus:

• Several ways to support your development personally and professionally, a.o.:
  • Personal development budget, to spend at your own discretion
  • Professional budget provided by your manager, to develop yourself in your work
  • In-house training offering
• NIBC embraces the Hybrid way of Working. This means that we support working from home as well as encourage our colleagues to come to the office. NIBC's guideline is to spend at least half of the working time at the office;
• Travel expenses or NS Business Card 1st class;
• 32 holidays (which do not have to be registered);
• Excellent pension scheme (26% NIBC contribution);
• A voucher to improve your home office;
• The opportunity to take ownership and show initiative in your role. We are always open to new ideas, and encourage to use your voice;
• The nature of our Grow to Make a Difference program enables you to be in charge of your own development;
• Two staff associations: YoungNIBC and MyLeisure;
• Vitality program, annual company-wide sports & leisure days;
• Monthly internet allowance;
• Laptop and a company phone;
• Excellent facilities at the office (Coffeecorner, Restaurant, Exchange bar);
• Last but not least, a fun workplace in which diversity and inclusion is valued (click here).

What you need for this position

• Educational Background: A completed university degree in a quantitative subject, such as econometrics, mathematics or engineering.
• Work Experience: About 3-5 years of hands-on experience in financial model validation or development.
• Regulatory Knowledge: Practical experience with regulatory requirements like BIS, EBA, CRD, IFRS.
• Technical Skills: Ability to work with a range of data modelling software, like Excel/VBA, SQL, Matlab, Python or R.
• Soft Skills: Effective communication and collaboration, eye for detail and a critical approach to both others’ work as well as your own.

Application/ Further information

Do you recognise yourself in this profile and are you eager to join our team? Please apply by submitting your CV and motivation letter through our website.

Applications can only be submitted through our website. Please click on the apply button and fill in the application form and upload your cv and motivation letter. To upload multiple documents, please click the upload button again after uploading a document! An assessment can be part of the application procedure.

For more information about the procedure you may contact the HR Servicedesk at askhr@nibc.com or give us a call at +31(0)70 3429669. For more information about the position please contact Victor Popa, Head of Risk Analytics & Model Validation, at Victor.Popa@nibc.com