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Compliance Model Validator

Posted 15 May 2024
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Work experience
3 to 4 years
Full-time / part-time
Full-time
Job function
Salary
€3,700 - €5,300 per month
Degree level
Required languages
English (Fluent)
Dutch (Fluent)

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Imagine improving the models Rabobank uses to protect society from financial economic crime. In the Compliance Model Validation team, you help validating and challenging the bank’s Compliance Models by giving actionable insights on the quality of these models.

Are you passionate about the fight against financial economic crime and would love to be part of a growing model validation team? Would you like to work in diverse, internationally oriented group of people, who help each other out and have fun doing it? Then this may be the job for you!

“I'm passionate about the role of Model Validator because it's a dynamic journey with a team of ambitious minds, fueled by personal growth, knowledge sharing, and a strong connection to both our work's impact on society and the bank's risk management.”

- Linsey Verhagen

You and your job

As a Compliance Model Validator, you are part of the Compliance Model Validation team, located in Utrecht, which holds 19 direct colleagues. You keep oversight on the models that Rabobank uses to protect itself and society against compliance risks such money laundering, terrorism financing, evasion of sanctions and fraud.

You will be responsible for supporting the execution of independent model validations on several models that the Rabobank Group uses to fulfil its role as a gatekeeper to the financial system.

Your average working day

Are you curious about what would be on your to-do list on an average working day? For instance, you proactively advise and challenge the business in its activities to develop, maintain and monitor its models, focusing on whether these models adequately mitigate the Compliance risks in scope. This involves executing analyses, discussing these with your colleagues, and summarizing your conclusions. You help engaging developers and managers in the business to understand, challenge and validate the reasoning behind their choices.

Your main responsibilities

  • Support the execution of model validations & reviews on a selection of models. This involves executing model validation tests, and discussing analyses with stakeholders across the bank
  • Support our advice and challenge role by writing independent opinions on proposed model changes by the model owners and developers
  • Provide advice at your discretion to developers and the business when it comes to the models in your area of expertise. You keep up-to-date on current developments in the field and incorporate this in our way of working

Together we achieve more together than alone

We believe in the power of difference. Bringing together people's differences is what makes us an even better bank. So we are very curious about what you can bring to our Compliance Model Validation Team. Together, we challenge the fit-for-purpose of the models that are developed and used by the first line of responsibility. Through our model validations and reviews, we contribute to a transparent risk profile that gives senior management the opportunity to effectively manage compliance risks with a forward-looking mindset.

“I am happy to be part of this diverse and dedicated team with a crucial mission to enhance the safety and accountability of banking, ultimately making a positive impact on lives of people. I feel empowered to do my job in the best possible way I can!”

- Alperen Evrin

Your future colleagues are looking forward to working with you. They will be gladly of your help to challenge and advise our first-line colleagues on their models. Working together is the way we work; as one caring Rabobank team. Talking of Rabobank: We are a Dutch bank that operates in 38 countries for over 9,5000,000 customers. Together with these customers, our members, and partners, we stand side by side to create a world in which everyone has access to enough healthy food. In the Netherlands, we work to create a country in which people are happy with how they live, work and do business.

You and your talent

Do you feel that this is a role for you, but you’re not sure to tick every box, mentioned below? Feel free to reach out to me anyway, to investigate opportunities within the department. This goes for the number of years of experience, as well as the educational level.

  • You've completed a study in the field of science, technology, engineering, and/or Math, such as Econometrics, Mathematics, Physics, or Artificial Intelligence. We value a master degree or PhD, but are also open for other study degrees;
  • You have between 3 and 5 years of relevant working experience as a Model Validator, Compliance (Risk) Officer, (Internal) Auditor or Audit Specialist, or Consultant in the financial sector;
  • You are a self-starter that enjoys solving complex problems cooperatively;
  • You can explain and defend your point of view in English, both verbally and in writing.

For this role, we are looking for people who are open to working 36 – 40 hours a week.

This is what we offer you

  • Between € 3.700,00 and € 5.300,00 gross per month (based on 36 hours) in salary scale 8. Salary will be compared to peers in a similar role
  • € 750,00 budget to set up your home workplace.
  • Personal budget of € 1.400 to spend on activities related to your personal development and career;
  • Thirteenth month's salary and 8% holiday allowance
  • An Employee Benefit Budget (EBB) of 10% 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;
  • Flexible working times and hybrid location-independent working within the limits dictated by working in a team
  • 100% reimbursement of commuting costs if you travel by public transport
  • A pension scheme to which you contribute 5.5%
  • An inspiring international working environment with enthusiastic professionals
  • A culture that is characterized by entrepreneurship, personal development, and ambition

Rabobank is a cooperative bank with a mission. Together with our stakeholders, we have been dedicated to creating a future-proof society and tackling major societal challenges for 125 years. In the Netherlands, we serve retail and corporate clients; globally we focus on the food and agriculture sector. Our starting point is: together we can achieve more than we could individually.

Finance & Banking
Utrecht
Active in 37 countries
43,000 employees
70% men - 30% women
Average age is 31 years