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Risk Model Engineer

Job Utrecht, NL
Posted 16 Feb 2021

Degree level

Bachelor

Job function

IT

Required language

Dutch (Fluent)

Work experience

1 to 3 years

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Imagine

Imagine that you are part of the end to end model development cycle of Rabobank risk models from model prototype intake to production as aBusiness Analyst. Imagine that you are part of a diverse team with quantitative and IT backgrounds bringing together finance and  banking, risk modelling, analytics and software engineering knowledge in one place.

Making a difference  

As a Junior/Medior/Senior Risk model engineer (depending on experience), you  are a sparring partner for your team, stakeholders  and the business in translating advanced algorithms into live, robust and easily accessible software engines.

Working in the end to end model development cycle, your activities would include:

  • working with your BA colleagues to ensure  model and data requirements required for model implementation are captured and aligned with  model documentation and model prototype;
  • implementing models within the end to end process chains from model prototype to production environment (CAS factory – cloud based) following IT and DEV Azure ways of working;
  • writing Product Backlog Items (user stories) together with your peers to meet deliverables;
  • reviewing, updating and providing advice on model implementation documents,
  • conducting usual model life cycle activities such as models reviews and monitoring,
  • proactively developing self and others to sustain RME team knowledge growth and optimize RME ways of working across all feature teams.

With each other

Collaboration is at the heart of everything we do. The Risk Model Engineer(RME)  is positioned within the Risk Analytics domain. As a team, we are responsible for bringing models onto the Rabobank cloud-based  platform CAS.

Our team brings diverse and talented individuals together across different features  to continuously enhance Rabobank modelling platform. Your day to day job as a Risk model engineer can take you through different landscapes (modelling,  analytics and software engineering).

Hossein, Risk Model Engineer  

'As a quantitative analyst and developer, I  feel privileged to be part of the Risk Model Engineering (RME) family. This is due to the fact that I am working in an environment, where I can develop further my soft skills in addition to the technical and theoretical ones. What I also like the most, is the nature of my day-to-day tasks, which enable me to contribute in different projects all across the credit risk department. These expose me to new challenges every day and encourage myself to keep push the boundaries and learn on the spot. In other words, my role truly helps me to envision how I contribute into the Rabobank’s long-term strategy by adding value to our clients as a rock-solid bank.'

Barrie, Risk Model Engineer

'RME offers a nice balance between software development, modelling and business analytics and gives me the opportunity to specialize in any of these fields.'

With you 

Willingness to take ownership, independent working and being a great collaborator , innovative and thirst to learn and grow are part of your DNA. In addition, it's important that you recognise yourself in the checklist below:

  • MSc  or PhD degree in quantitative domain or related topic ( e.g. Mathematics, Physics, Computer Science, Quant Finance),
  • a minimum of 2 years of experience in business analysis, risk analytics, risk modelling or similar role,
  • working knowledge of risk management (Credit risk, ALM risk, Market risk or similar) and familiarity with risk models such as PD, LGD, EAD, Securitization, NPV, VaR…
  • working knowledge of banking regulations (Basel IV, IFRS9 or similar),
  • working knowledge of data management, model implementation and/or IT processes,
  • general knowledge of model life cycles,
  • proactive self-starter, ability to learn quickly and to take initiative,
  • analytical ability to synthesise information and summarize issues,
  • a drive for excellence with a constant desire to challenge the status quo to drive operational excellence,
  • good command of English, both speaking and writing,
  • good stakeholder management,
  • good business acumen,
  • familiarity with programming languages such as Python would be advantageous,
  • willing to work in agile environment.

Interested?

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:

  • a gross monthly salary between scale 8 and 10 (depending on seniority level);
  • a thirteenth month and holiday pay;
  • an Employee Benefit Budget; 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;
  • a pension scheme, to which your contribution is only 5%.
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About Rabobank
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Rabobank is a bank that works for its customers and members. We are one of the largest financial institutions in the world, but we're still very involved at the local level. Our goal is to help customers achieve their goals. In addition, we aim to make a substantial contribution to the well-being and prosperity of people in the Netherlands and to a sustainable global food supply. We are a bank with cooperative roots. Everything we do, we do together.

Finance & banking
Utrecht
35,000 employees

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