Senior Model Risk Manager

At ABN AMRO, the Model Risk Management & Model Validation (MRM & MV) department is a culturally diverse team of model risk experts based in Amsterdam, responsible for the management and independent validation of all models used across the bank.

As a Senior Model Risk Manager, you play a key role in the execution and peer-review of model validations within your assigned domain. You help ensure models are conceptually sound, data-driven, compliant, correctly implemented, and transparently governed. Alongside validation, you contribute to model risk management activities such as model discovery, tiering, inventory management, issue tracking, and agenda setting for Model Approval Authorities.

You are an experienced model risk practitioner who brings analytical depth, risk awareness, and strong communication skills. You translate regulatory and internal expectations into clear assessments and actionable recommendations for model owners and senior stakeholders.

This role reports to the Head of Non-Retail Credit Model Risk.

Your job

As a Model Risk Manager, you support the consistent execution of the Model Risk Management Framework within your domain. You perform independent validations and peer-reviews, monitor outstanding findings, structure governance materials, and ensure transparency and compliance in line with supervisory expectations.

You synthesize validation outcomes into clear conclusions that inform model approval decisions, and you contribute to ensuring models remain fit-for-purpose throughout their lifecycle. You play an active role in maintaining the model inventory, supporting model discovery, and organising governance agendas so decisions are made on time and with the right information.

You work closely with model developers, model owners, business representatives, and senior stakeholders to ensure robust independent challenge and strong risk management practices.

Key activities

• Execute and peer-review model validations within the assigned domain.
• Assess data quality used for prototype model development.
• Examine correctness and conceptual soundness of modelling methodology and assumptions.
• Form objective opinions on model performance.
• Assess compliance with internal policies and external regulatory expectations.
• Check correct implementation of models in the production environment.
• Communicate results clearly and constructively to stakeholders.
• Lead projects and coach colleagues.
• Conduct model discovery and model tiering.
• Track outstanding model-related findings and ensure timely assessment and closure.
• Identify and signal issues, emerging risks, or structural weaknesses via validation and oversight work.
• Maintain the model inventory and ensure accurate, complete registration of model attributes.
• Prepare and manage agenda setting for relevant Model Approval Authorities, ensuring decision-makers receive high-quality, complete, and timely information.
• Engage with model owners, first-line developers, risk departments, and governance stakeholders.
• Provide transparent and well-reasoned input to validation teams and domain experts.
• Support continuous improvement of processes, documentation, and standards.

Key Challenges & Outcomes

• Contribute to the shift from a validation-centric view to an integrated Model Risk Management perspective.
• Enhance transparency and discipline in model inventory management and issue tracking.
• Support risk-based prioritisation and improved decision-making through high-quality governance materials.
• Strengthen the challenges applied to model development, monitoring, and use across the model lifecycle.
• Support improvements in model risk processes, tools, and reporting.

Working environment

The Non-Retail Credit Model Risk department is part of ABN AMRO’s Model Risk Management & Model Validation (MRM & MV) department. There are three other model risk teams within the MRM & MV department: Financial Markets Model Risk, Retail Credit Model Risk, AI & Analytics Model Risk.

Your profile

Experience

• Academic degree (Master’s preferred) in a quantitative, technical, financial, or related field.
• Several years of experience in model validation, model development, quantitative risk, or model risk management.
• Demonstrated ability to analyse models, understand methodology, and challenge technical assumptions.
• Familiarity with regulatory expectations for model risk and model governance.
• Experience working with stakeholders across multiple risk and business areas.
• Experience with leading projects and coaching colleagues.

Personal Skills

• Strong analytical thinker with excellent judgment and risk awareness.
• Skilled communicator able to switch between technical detail and strategic context.
• Motivated team player with credibility and constructive challenge.
• Structured and rigorous in documentation, reporting, and issue tracking.
• Able to prioritise effectively and manage multiple reviews simultaneously.
• Professional stakeholder manager, open to feedback, collaborative, and focused on outcomes.
• Eager to develop further into a senior model risk role.

Behaviour we want to see within Risk Management

• Debate, debate, decide: Gain different perspectives on impact throughout the value chain. Then take the decision, accept the decision and respect single accountability & responsibility.
• Keep it simple: Start with the goal, set well-defined requirements, proactively address dependencies, seek feasibility in plans and don’t overpromise. No abbreviations.
• Embrace Good: Don't go for perfect, do what’s right and compliant.
• From being nice to being kind: Ask and act on feedback, be open about the good, bad and ugly. Reflect, adapt and move forward.
• No excuses – stay the course: Take the lead, own it. Act quickly, standardize progress updates to ensure timely support and escalate.

We are offering

Joining this role means stepping into a position with impact, supported by employment conditions that foster job satisfaction, development, and wellbeing.

• An attractive gross monthly salary based on a 36-hour work week, including holiday allowance and a flexible benefit budget.
• An excellent pension scheme.
• Flexibility in working: working from home is possible in consultation with your team and depending on your role. An ergonomic home office setup is provided.
• Five weeks of vacation per year, supplemented by two mandatory days off. You can also purchase up to four additional weeks of vacation annually.
• Five “Banking for better days”: extra days off that you can use for personal development or volunteer work.
• A development budget of €1,000 per year, which can accumulate up to €3,000.
• An annual public transport pass with free public transportation throughout the Netherlands for both business and private use.