Senior Definition of Default Expert

Waar ben je naar op zoek?

At a glance

The Definition of Default (DoD) is central to credit risk management. It forms the foundation of IRB models and processes, as well as credit risk origination and monitoring. Consequently, a wide range of departments, stakeholders, and processes contribute to maintaining a compliant DoD framework.

In this role, you will join the Definition of Default (DoD) Center, a team with overarching responsibility for managing the compliant DoD Framework. This team is part of the Credit Risk Change and Control department. As a member of the DoD Center, you will be an expert in DoD regulatory requirements and will have a deep understanding of how these are embedded into the bank’s credit origination and monitoring processes and systems. You will work closely with colleagues from the Policy department, Credit Risk, and 1st, 2nd, and 3rd line representatives.

Do you enjoy tackling and organizing large-scale topics with a broad range of stakeholders? Do you have prior experience in regulatory projects and are eager to master the DoD subject at the bank? Do you enjoy interacting with a large group of stakeholders daily? If so, this job might be your perfect next career move!

Your job

As a senior member of the team, you will be actively involved in all key activities that the DoD Center is responsible for. Your primary responsibilities will include:

• Shape and maintain the DoD Governance Framework.
• Oversee current and future change processes impacting DoD and content and processes for material change approval requests to the supervisor.
• Ensure end-to-end implementation aligns with policy requirements and regulations.
• Provide expert advice on DoD regulatory matters, internal policies, and procedures to various business units and entities.
• Deliver 2nd line opinion and perform quality assurance on selected DoD topics and for closure of findings.
• Oversee DoD related requests to various committees, especially the DoD Compliance Board, and provide input and advice as needed.
• Follow up on selected actions and facilitate/lead stakeholder discussions as needed.
• You will collaborate closely with the DoD Center Lead and your colleagues on all the aforementioned topics.
• You will master the subject matter, become a go-to advisor for your peers both within and outside the DoD Center. Additionally, you are encouraged to proactively suggest and implement improvements.

Working environment

You will work within the Change & Control department of Credit Risk. The team consists of 27 professionals who collectively have an overview of all relevant aspects of credit risk management and bring a wealth of experience in project management, change management, and consulting. The team has deep insight into the inner workings of the bank as a whole.

The DoD Center is part of the Change & Control Department, currently consisting of three colleagues, with further expansion anticipated in the near future.

Within Credit Risk, professionals have opportunities to grow and develop both in breadth and depth. Different views are valued and respected, and providing new and innovative perspectives is encouraged. The atmosphere is open and informal, and we are always willing to help each other.

Your profile

• Work experience – you work and reason at a university level and have more than 10 years’ relevant experience in the financial sector and specifically credit risk. You have extensive experience in credit risk regulations and their implementation, coupled with strong stakeholder management skills.
• Subject matter expertise – You have demonstrable experience with and knowledge of Definition of Default regulation and its implementation. Additionally, you have prior experience in the IRB regulatory landscape and processes, and have preferably been involved in submitting material changes for approval to the ECB. You can easily connect the dots between credit origination and monitoring processes, risk classifications, and their uses in modelling and COREP reporting.
• Professional skills – you bring structure, oversight, and clarity on expectations and deliverables. You are an energetic person with a positive attitude, a clear vision, and a ‘getting things done’ mentality. You bring organizational sensitivity and are focused on quality. You are not afraid to ask questions or bring challenges that will help improve deliverables.
• Communication skills – strong written and verbal skills, capable of conveying a compelling story and convincing your stakeholders of the call to action. Comfortable in interactions with senior management stakeholders and colleagues from different disciplines. Fluent in English.

We are offering

The opportunity to be the best you can be and lots of room to grow both personally and professionally.

• The gross monthly salary displayed above is based on a 36-hour work week, including vacation pay and benefit budget.
• The Benefit Budget is 11% of your salary. It allows you to acquire additional employment benefits. If you make no purchases or reservations in the Benefit Shop in a given month, you are paid one-twelfth of your Benefit Budget that month.
• Five weeks of vacation per year. You can purchase an additional four weeks per year.
• Personal development Budget of € 1,000 per year, which you can accumulate up to € 3,000.
• Possibility to work from home (in consultation with your team and depending on your position).
• An annual public transport pass with free public transportation throughout the Netherlands.
• An excellent pension scheme.

Interested?

Are you interested? Then respond to this vacancy now. For more information you can contact Nino Sharumashvili (nino.sharumashvili@nl.abnamro.com) and Renske Couwenberg (renske.couwenberg@nl.abnamro.com). We look forward to meeting you!

Equal opportunities for all

The success of our organisation depends on the quality of our people and the ideas that they have. Truly surprising insights and innovative solutions for our clients result from an interplay of cultures, knowledge and experience. Diversity is therefore extremely important to our organisation. To ensure that everyone at ABN AMRO can develop their talents, we encourage an inclusive culture in which all colleagues feel engaged and appreciated.

Disclaimer external recruitment agencies

External recruitment agencies need to have a signed agreement with ABN AMRO BANK N.V., executed by a Talent Acquisition Specialist, when submitting a resume to a vacancy. No unsolicited services or offers, please.

Wie zijn je collega's?

“De manier van denken is belangrijker dan direct alle antwoorden paraat te hebben. Het gaat er meer om wat je doet als je de antwoorden niet hebt.”
Anna Zadorozhnaia, Senior Data Scientist

“Aan het begin van de coronacrisis hoefde een groot deel van onze klanten tijdelijk geen rente en aflossing over hun lening te betalen. Het voelt goed om ondernemers die het zwaar hebben te helpen.”
Sander Cremers, Portfolio Manager Financial Risk

“De financiële gegevens van alle afdelingen bundelen we tot begrijpelijke rapportages. Zo adviseren we het management over de financiële positie van het bedrijf.”
Rosalie Tulen, Junior Controller

“Je merkt heel duidelijk dat ABN AMRO in beweging is. Er zijn continu nieuwe projecten aan de gang, waarvan een groot deel met duurzaamheid te maken heeft.”
Niels Vlaming, Reporting Specialist