You and your job
Imagine… working in a diverse international team with highly educated professionals. As a Model Validator you can make a difference by validating models and providing input to improve the risk models within Rabobank. You can become an expert in analysing and critically challenging a variety of risk types. You will have the opportunity to learn techniques in assessing big data sets, effectively challenge quantitative models and check the implementation in production systems.
The CALM team (Model Validation Capital and ALM team) is part of the Model Risk Management department and consists of several clusters. Rabobank is hiring a medior validator for the Market Risk and Counterparty Credit Risk (CCR) cluster within the CALM team.
Practical examples & responsibilities
You will be validating risk models that are used to manage the entire balance sheet of Rabobank and will be independently challenging the model through the entire model life cycle. Your top 3 responsibilities are:
- Validating a wide 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
- You have to cooperate a lot with stakeholders from other departments like modelling and risk management.
Facts & figures
- 36 to 40 hours per week
- 10-15 diverse colleagues within a variety of seniority
- Around 43,000 Rabobank colleagues around the world
Together we achieve more than alone
Collaboration is at the heart of everything we do. Our CALM team brings talented people together to validate our risk models. We believe in the power of difference. Our international team consists of diverse colleagues in a variety of roles, and with a variety of seniority.
Leonie, Model Validator CALM: ‘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.’
Mathijs, Model Validator CALM: ‘Throughout Model Validation we continuously search for opportunities to improve our way of working by investing in automation and adopting the newest best practices. We encourage colleagues to apply their innovations across departments.’
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, negotiation, strong communication, good documentation and presentation skills are essential for the role of Model Validator. In addition, it’s important that you recognise yourself in the checklist below:
- You have a Master degree in quantitative finance, econometrics, mathematics, physics or related field.
- You have 3-5 years’ relevant experience in finance.
- Experience in financial risk modelling or model validation in the market risk domain and experience with CCR is a plus.
- Familiarity with regulation like ECB guide to internal models, EBA RTS, FRTB, ECB Guide on assessment methodology.
- You have hands-on programming experience in Python. For you work you have implemented different models based on a mathematical or statistical description.
- You are result-oriented and risk sensitive.
This is what we offer you
- a maximum gross salary of €5.655.50 based on 36 hours work week
- thirteenth month's 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%
- We believe in a healthy work/life balance; choose between 32 and 40 hours per week
This is a selection of the terms of employment for a Model Validator based on a 36-hour working week. You can find all terms of employment on rabobank.jobs/en/conditions-of-employment.
You and the job application process
We look forward to your response to the vacancy of Model Validator at Rabobank.
- Any questions about working at Rabobank and the process? Contact: Theo Degen, Corporate Recruiter via theo.degen@rabobank.nl
- You can find answers to the most frequently asked questions on rabobank.jobs/nl/veelgestelde-vragen
- A security check is part of the process
- We respect your privacy
