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(Senior) Model Validator

  • Location:

    Utrecht

  • Sector:

    Risk & Compliance

  • Job type:

    Permanent

  • Salary:

    €75000 - €120000 per jaar

  • Contact:

    Bonanza Tan

  • Contact email:

    Bonanza.Tan@oliverjames.com

  • Job ref:

    JOB-102024-259968_1728030078

  • Published:

    etwa 2 Stunden her

  • Expiry date:

    2024-11-03

(Senior) Model Validator


This is where you will work

Our client is not your average financial services company. In fact, they are above average in almost every way. With an employee engagement score of 85% (compared to the 72% industry average), it sure seems like we are doing something right. And, while most companies survive fewer than 20 years, 2019 marked their 50th.

They collaborate with manufacturers, suppliers, and businesses in more than 30 countries to enable the acquisition of equipment, technology and software that companies need to contribute meaningfully to their communities. They believe in partnering with their customers to develop innovative and sustainable financial solutions that deliver meaningful value to the world.

At our client, they are committed to making sure that all people, regardless of their race, ethnicity, gender, sexual orientation, age, religion, physical characteristics, or mental abilities, feel welcomed and encouraged to be their authentic selves. They strive to create an inclusive environment that is reflective of the communities in which we operate. Come see what all the excitement is about.

As a Model Validator, you will help bring model validation and model governance within the bank to a higher level. Do you think you have the skills to identify model risks and challenge model development?

This are your responsibilities

  • Performing validations of all models in the Model Inventory, including AIRB credit risk (PD, LGD), loan loss provisioning (IFRS 9, CECL), Stress Testing, Machine Learning, and other models in the context of Enhanced Prudential Standards (EPS) regulation in the US.
  • Validation of methodologies and execution of the periodic model review and monitoring of model risk throughout the model life cycle.
  • Model governance activities regarding maintenance of the Model Inventory and supporting timely submissions to the Model Risk Committee.
  • End-to-end management of validation projects including setting up project planning and alignment with stakeholders.
  • Managing the balance between quality of validation, efficiency and effectiveness of the model validation and governance processes.
  • Liaising and management of internal (model development, internal audit) and external (Regulators) stakeholders.

This is you

  • A Master/PHD degree in Econometrics, Actuarial Science, Statistics, Mathematics, Data Science or other quantitative discipline.
  • At least 3 years of related work experience in IRB modelling and/or IRB validation.
  • Strong understanding and knowledge of regulatory framework and standards for (A)-IRB (CRD IV/CRR, ECB/EBA guidelines) models.
  • Project lead experience in model development or model validation projects is a huge plus.
  • Experience with extracting and analyzing large data sets.
  • Experience in executing quantitative analyses using statistical programs such as Python/R.

This is what you can expect

  • A tailor made salary package (based on your knowledge and experience)
  • Holiday allowance & 13th month
  • A bonus scheme
  • Hybrid form of working
  • Room for working remote
  • Flexible working hours
  • A good pension scheme
  • 25+ holidays annually (excluding public holidays)
    • With the option of buying extra holidays.

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