Credit Risk & Model Risk Supervisor

Supervise a major Dutch bank as a Credit Risk & Model Risk Supervisor at DNB.

Jij hebt impact

Make an impact!

Working for DNB, you will have an impact on financial stability and sustainable prosperity. You will be at the centre of European banking supervision dynamics, and will supervise major, internationally operating, Dutch banks. You will be part of an multicultural team of European supervisors, in a changing and challenging environment. With your expertise, you will ensure banks manage and control credit and model risks.

This is what you will do at DNB

You will work within the Single Supervisory Mechanism (SSM), where together with your colleagues from the European Central Bank (ECB) and other euro area countries, you will exercise supervision over one of the Dutch systemically important banks. You will be part of the European Joint Supervisory Team (JST), a team of international supervisors. Within the team, you will be one of the experts in credit and model risks, with a focus on model risk management. You also know how to apply your quantitative skills to supervision in a broader sense.

What exactly does the position entail?

• You will assess and evaluate credit and model risks of a Dutch systemically important bank and determine the impact on the risk profile of the bank. To this end, you should be able to have a deep and comprehensive understanding of how the institution organises itself, and of its business model and business strategy.
• You will have discussions with the bank's senior management and other staff members. You are capable of probing further to identify and understand the underlying challenges.
• You will design strategies and actions to reduce risks and to remediate identified weaknesses in the institution’s internal credit risk and model risk management. And you will provide expert advice in the context of model change applications, initial approvals or model monitoring.
• You will cooperate with NCAs (National Competent Authorities), internal ECB stakeholders and international regulatory bodies to ensure consistency and high supervisory standards.

Hier doe je dat

Your working environment

You will be based in Amsterdam. DNB is part of the Single Supervisory Mechanism (SSM), through which the ECB is ultimately responsible for supervision of all euro area banks. The ECB directly supervises the largest European banks, the Significant Institutions (SIs). Working for the SSM means that you will have to occasionally travel abroad for training, on-site inspections, and other activities. This will be an essential element of the job, together with an environment that offers you a good work-life balance. You will work in the European Banks Supervision Division (TGBB) of DNB, which is engaged in supervising Significant Institutions. Your colleagues are from different countries and comprise legal experts, economists, econometricians, certified auditors, and IT specialists. The atmosphere is informal and amicable, and everybody understands the importance of cooperation.

At DNB we work in a hybrid manner. Our recently renovated office in Amsterdam is our home base, the place where we meet, where we share knowledge and work (together). The starting point is that you spend at least half of your weekly working hours at the office or at a supervised institution. At the same time, there is also plenty of room to choose a workplace and -time where we can do our work best and where we can add as much value as possible. And of course we ensure that you can also work excellently at home with a laptop, telephone and a good home workplace design.

Dit breng je mee

Your profile
At DNB you will be working together with dedicated professionals. You need to be decisive and rational, and have strong analytical skills. You are able to think ahead and outside of the box. Our supervisors have an unparalleled ability to exert influence. You therefore have highly effective powers of persuasion, you are good at maintaining professional relationships and have a clear communication style. You always remain critical, keep asking questions and can hold your ground in difficult discussions. Above all, you are a team player: you are at ease with sharing your knowledge and findings with your colleagues at DNB and beyond, to ensure your team can perform even better.

What else are we looking for?

• You hold a Master’s degree, preferably in a relevant field such as finance, economics, or risk management.
• Between 3 and 8 years’ experience at a law or consultancy firm, bank, or elsewhere in the financial sector, preferably in the field of credit risk and model risk. Background with experience in statistical methods, model validation and/or development.
• In-depth understanding of credit risk modelling techniques and regulatory requirements (CRR, Basel III and EBA Guidelines).
• Ability to assess complex models and communicate findings effectively to both technical and non-technical audiences.
• Broad risk management understanding with a strong emphasis on credit risk, including the ability to assess the quality and structure of credit portfolios, review and evaluate credit policies and underwriting standards, and analyses collateral management and provisioning practices. You have an excellent command of Dutch and English, both written and spoken.
• You are able to maintain a positive, constructive attitude and you are at ease in working in an intercultural environment.

Dit bieden we je

This is what we offer you
A 36-hour working week right at the heart of today's financial and economic current events. With a reliable and socially involved employer in Amsterdam, who constantly responds to the changing requirements of our environment. And that continuously innovates. As an institution, we are at the heart of society. We think diversity and inclusion are important and valuable. Different perspectives, backgrounds and insights increase our thinking power. It doesn't matter who you are, where you were born, what you believe in and who you love. We are especially curious about your drive for social impact.

This will offer you a wealth of opportunities to develop and gain new experiences, both in the Netherlands and abroad. You will initially be working on a one-year contract, with the prospect of an extension, provided you have performed well and our organization has not undergone any changes that affect your job.

The other excellent terms and conditions of employment for this position are:

• A salary of at least € 4.600,-- and a maximum of € 7.700,-- gross per month, which amounts to a gross annual salary of at least € 69.200,-- and a maximum of € 113.700,-- based on a 36-hour working week including a personal choice budget (13th month, holiday pay and personal budget). The final classification depends on your knowledge and experience, among other things.
• Free choose when you want your 13th month, 8% holiday allowance calculated over 13 months and a freely disposable personal budget of 5.9% of your 12-month salary to be paid out. Your pension entitlements will accrue under a career-average scheme including provisional indexation, with a 6.98% employee contribution.
• Full reimbursement of your public transport costs for commuting or reimbursement of your costs with your own transport, at € 0.23 per km. For traveling by train, it is possible to travel 1st class. A personal contribution of € 25 per month applies for this.
• An internet allowance of € 50 net per month.
• Plenty of opportunities for professional and personal development through education and training.
• A healthy work-life balance. In this position, it is possible to divide your working week into 4 9-hour days.

The selection procedure includes an e-assessment and a case study. For the judicial screening, this position is divided into profile 2a.