That we’ll give you the opportunity to put all your skills to work at the very core of Rabobank’s business? As an Senior ALM Risk Calculation Controller, you can make a difference by analysing the bank’s IRRBB risk framework and providing assurance that the IRRBB risk framework is applied correctly.
Various assumptions are applied in the ALM risk reporting system which, via calculations performed in these reporting systems, result in the IRRBB risk measures. These IRRBB risk measures are used in risk management and form a basis for steering and hedging by Treasury. Errors in the outcomes of the risk measures could lead to misestimating of the risks involved, and potentially erroneous decision-making by the bank. For this reason, it must be ensured that the assumptions that impact the risk measures are applied in an appropriate manner, and that the calculations based on these assumptions lead to the expected risk measure outcomes. For this purpose controls are established that are performed under the responsibility of Group ALM. Through execution of controls you will advise senior risk management, thereby safeguarding Rabobank’s position as a rock-solid bank. You are surrounded by a diverse team of achieved professionals who create an open and fun atmosphere, stimulating both your professional and personal growth.
Making a difference
ALM is at the core of our bank. You will work on areas that are deeply integrated in our business model, involving pricing, hedging and funding. Your work has an important role in the bank’s strategic decision-making, and as such impacts the whole balance sheet and millions of customers.
As an ALM Risk Calculation Controller working at Group ALM Risk, you perform controls according to a control agenda that is set by RMC Treasury. Furthermore you will support the 2nd line Model Owner function for ALM.
You will support decision making with thorough analyses, and account for your work through comprehensive documentation and clear communication. You advise senior management and the RMC Treasury.
As a senior, you will be making key decisions with minimum input and explaining complex matter in a clear way to higher management, making sure a comprehensive picture is being presented.
With each other
Collaboration is at the heart of everything we do. Our Group ALM team brings talented people together to safeguard Rabobank’s position and to bring our ALM landscape into the future. With you as a Senior ALM Risk Calculation Controller, the team will consist of 25 colleagues in a variety of roles, including:
Sharon Li: “Within the team, I like that we complement each other in various areas. When performing the calculation controls, I receive a wide range of insights and knowledge on the methodology used for Rabobank's products. The controls help us to understand how the methodology impacts the risk measures and how we can make a difference in supporting decision making with regard to steering and managing the risk.”
Niels Zagers: “After about 15 year in Rabobank, I joined Group ALM Risk early in 2021. My focus has been the Calculation Control activities. What I like about my current role is that it brings together many of my past experiences in the bank, such as model validation, financial products, risk calculations, governance, and financial regulation, but still offers plenty of new insights and a steep learning curve. What makes IRRBB risks special is that besides contractual properties, behavioural models as well as strategic considerations play an important role, leading to assumptions that impact the risks. I enjoy the combination of qualitative reviews, like assessment of documentation, as well as more quantitative analysis. In a way, it’s the best of both worlds! This position provides a broad understanding of the banking book and ALM, with a link to current developments such as the low rate environment or the introduction of digital currencies. At the same time, when needed, you can really dig into a topic to get a detailed understanding of all the moving parts. It is motivating to contribute to ALM, which is at the core of the bank, from a second line perspective.”
If we were to ask your friends to describe you in a few key words, the answer would be: collaborative, customer-focused, being a team player and a proactive attitude. For the position of Senior ALM Risk Calculation Controller, you also have:
A Master’s degree in economics, finance or quantitative field (econometrics, mathematics, physics or similar);
At least five years' experience in risk management, treasury or related areas, with understanding of a bank’s balance sheets and products;
Strong analytical skills, enabling you to analyse complex content and to understand the consequences for the bank’s risk position as a whole;
Good communication skills, both verbal and written, allowing you to translate complex matters into comprehensible information for higher management and business users;
Skills enabling you to manage different stakeholders.
Growing a better world together
Rabobank is a financial services provider for 7.1 million customers in 40 countries. But did you know that we are also working to make the world a better place? We do so in countless ways, such as:
With the Rabobank Foundation, we support social enterprises. This gives people experiencing barriers entering the labour market the opportunities they deserve, and helps them to participate fully in our society.
We make sizeable annual investments in the voluntary sector in the Netherlands. This allows us to support about 1,250 sport and cultural organisations that are a second home to many people.
Do you want to become the ideal version of yourself? We would love to help you achieve this by focusing firmly on your growth, development, and investing in an environment where you keep learning every day. We give you the space to innovate and initiate. In this way, we offer you numerous opportunities to grow and help you exceed your expectations, to do the right thing exceptionally well, and to therefore grow as a professional. In addition, with us (on the basis of a 36 or 40-hour working week), you can also expect:
a gross monthly salary between € 4,492 and € 6,417.
a thirteenth month and holiday pay.
an Employee Benefit Budget (10% of your monthly salary). You decide how to spend this budget. This may include purchasing extra leave days, making extra pension contributions or even receiving a monthly cash pay-out.
a personal budget that you can spend on activities related to your personal development and career.
flexible working times and location-independent working.
100 % reimbursement of commuting costs if you travel by public transport! Do you still prefer to travel by car or motorbike? Then choose a commuting allowance.
a pension scheme, to which your contribution is only 5%.
Are you the person we're looking for? Are you ready to join Rabobank as a Senior ALM Risk Calculation Controller and to make a difference to yourself, our customers and to society? We look forward to receiving your application for this vacancy in Utrecht.
Good to know:
Apply via the button “Apply now”. Responses will be handled in accordance with our vacancy management policy.
Sven van Buuren, Corporate Recruiter would be happy to answer any questions about the application procedure via Sven.van.Buuren@rabobank.nl.
The application process includes screening. Based on the screening procedures in place at Rabobank, we assess whether new staff are reliable enough to work at Rabobank.
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!