Model Risk Specialist

Model Risk Specialist Opportunity at Adyen

This is Adyen

Adyen provides payments, data, and financial products in a single solution for customers like Meta, Uber, H&M, and Microsoft - making us the financial technology platform of choice. At Adyen, everything we do is engineered for ambition. For our teams, we create an environment with opportunities for our people to succeed, backed by the culture and support to ensure they are enabled to truly own their careers. We are motivated individuals who tackle unique technical challenges at scale and solve them as a team. Together, we deliver innovative and ethical solutions that help businesses achieve their ambitions faster.

Model Risk Specialist

We are looking for a Model Risk Specialist in our Amsterdam office to join our global second line Enterprise Risk team. These are transformative times for Adyen; we are rapidly growing in new countries and are also broadening our product offering through our embedded financial products. We do this the Adyen way; we build it ourselves. This also applies to the financial and non-financial models that are part of our business model. In-house model development, using advanced statistical and machine-learning techniques. And also; in-house model risk management.

We are looking for a Model Risk Specialist that wants to strengthen the banking capacity within our technology company by building out our model risk management framework. This is where you come in. You have a proactive mindset, you are eager to learn and are looking for an opportunity to take ownership. Adyen has little hierarchy and management levels, so having expertise also means you will be involved in building, representing, and maintaining the full scope of model risk management yourself.

What you’ll do:

• Conduct independent validations of models used in risk management, financial forecasting, decision-making, or other business functions;
• Assess model assumptions, methodologies, input data, and output for accuracy, robustness and alignment with intended use cases;
• Develop and implement benchmark models or alternative approaches to test a model’s performance;
• Review and evaluate model documentation, ensuring clarity, completeness, and compliance with internal policies and regulatory guidelines;
• Identify model risks, limitations, and weaknesses, provide actionable recommendations to mitigate those risks;
• Act as a sparring partner for model developers to resolve findings and enhance model quality;
• Ensure compliance with regulatory standards on model risk management;
• Participate in the maintenance of a model risk management governance framework and validation procedures;
• Carry out risk assessments across the company, across product offerings, across the globe; and
• Further strengthen a high-performing second line risk team that covers all Adyen risks;

Who you are:

• A proactive, energetic, lifelong learner that has a hands-on mentality;
• 3+ years working experience within model validation, either in-house or through a consulting role;
• The ideal candidate will have a strong background in statistical modeling, machine learning, and/or financial modeling, combined with the ability to critically assess model methodologies, assumptions and performance;
• Ability to work independently and collaboratively within cross-functional teams;
• Strong written and verbal communication skills for preparing reports and explaining complex concepts to non-technical stakeholders.

Our Diversity, Equity and Inclusion commitments

Our unique approach is a product of our diverse perspectives. This diversity of backgrounds and cultures is essential in helping us maintain our momentum. Our business and technical challenges are unique, and we need as many different voices as possible to join us in solving them - voices like yours. No matter who you are or where you’re from, we welcome you to be your true self at Adyen. Studies show that women and members of underrepresented communities apply for jobs only if they meet 100% of the qualifications. Does this sound like you? If so, Adyen encourages you to reconsider and apply. We look forward to your application!