A modern bank uses many mathematical models across its portfolio of products and operations. However, if such models are wrong or used incorrectly, then the bank is exposed to a serious risk type called “Model Risk”. Some very large banks in the world suffered tremendous losses due such risks. As a Model Risk Manager you can truly make a difference to help protect Rabobank and its clients from such risks by ensuring awareness, oversight and adequate governance on Model Risk across the bank.
Making a difference…
Is just as important for you as it is for us. You make a difference if you:
Further develop and enforce our Model Risk Management Framework (MRMF) policy, standards and procedures,
Train and support model owners, developers and users on managing Model Risk.
Develop and provide model risk management information to (senior) management and regulators,
Organize and support the monthly model governance committee meetings,
Ensure that Rabobank’s model risk management continues to align with industry best practices and regulatory expectations,
Help improving efficiency and effectiveness of the MRMF, by translating policy requirements into work-flow solutions in the IT infrastructure of the Model Risk Management Solution
Coordinate and integrate Rabobank’s model risk management activities from an international view point, as Rabobank needs to manage Model Risk in all its entities across the globe and in line with industry and regulatory expectations in all world regions
With each other
Collaboration is at the heart of everything we do. Our Model Risk Governance team brings talented people together to ensure adequate Model Risk Governance for all models in the bank. With you as a Model Risk Manager, the team will consist of 6 diverse colleagues in a variety of roles, including:
Daniël van den Brand, Model Risk Manager: “It gives me a lot of energy performing an oversight role that gives me the opportunity to be engaged in a great variety of lively and highly impacting discussions with many colleagues from different levels and parts of the organisation. This job gives me great opportunity to have major impact and add value in creating the governance of our Model Risk Management Framework that is beneficial to all…”
Customer focus, cooperation, ensuring results and very good communication skills are clearly essential for the role of Model Risk Manager. In addition, it's important that you recognise everything in the checklist below:
You have a University-level degree where you learned the added value and limitations of mathematical modelling, such as Economics, Statistics, Business or Mathematics.
You have at least 3 to 7 years work experience in financial industry, demonstrating experience with modelling, model validation, model risk management, or risk governance.
You have a good sense for political dynamics in a large corporate organization and the ability to understand differences in perceptions ranging from quantitative specialists to senior management
You have excellent English communication, reporting and presentation skills.
Your IT skills are not limited to MS Office applications alone and you also have affinity for data and programming environments
Growing a better world together
You'll already be aware that Rabobank is a financial services provider for 7.1 million customers in 40 countries. But did you know that we aim to contribute to real change with our 'Growing a better world together' mission? We do so in countless ways, such as:
Ensuring Rabobank remains a rock solid bank, for which adequate measurement and steering on capital ratios, e.g. based on credit risk models and market risk models, is crucial.
Develop transparent financial products and advisory tools as to serve our clients to the best of our ability in this increasingly complex and rapidly digital transforming world
Ensure adequate systems and technology to help prevent financial and economic crime.
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-hour working week), you can also expect:
The salary will either be in scale 9 or 10 depending on your experience and seniority.
a thirteenth month and holiday pay.
an Employee Benefit Budget (9% 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 payout.
A personal budget that you can spend on activities related to your personal development and career.
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 Model Risk Manager 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:
If you have any questions about the specific details of this position, please contact Niels Olieman, Team lead Model Governance, RM Model Validation on 06 10516654.
Sven van Buuren, recruiter, would be happy to answer any questions about the application procedure via email@example.com.
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.
The application process for this vacancy may include an individual assessment.
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!