Senior Internal Model Expert

Lead and participate in on-site inspections of credit risk models as senior Internal Model Expert at DNB.

Jij hebt impact

You will have an impact

Do you want your work to influence financial stability and the banking sector’s ability to support sustainable growth? As a senior internal model expert at DNB, you can make a meaningful difference in a stimulating and professional environment. You will contribute to the European supervisory agenda through impactful assessments of regulatory internal models, with a primary focus on credit risk.

This is what you will be doing as an internal model expert at DNB

You will lead and participate in on-site inspections of credit risk models under the internal ratings-based approach (IRB), which are conducted entirely or partially at banks’ premises. You will provide high-quality analyses and advice on internal models and quantitative credit risk management in support of DNB’s supervisory and financial stability mandates.
As a senior expert, you will be expected to act as Head of Mission (HoM) on inspections. This means taking full responsibility for the project: leading the mission team, managing timelines and deliverables, ensuring the quality and clarity of the output, and coordinating interactions with inspected institutions and internal and external stakeholders. You will also mentor junior staff and actively contribute to knowledge sharing within DNB and across the Single Supervisory Mechanism (SSM).

Your responsibilities will include:

• leading or contributing to inspections of IRB and IFRS models across Eurozone banks as part of a multidisciplinary team;
• acting as HoM by managing the mission team, planning and executing the inspection, and engaging with institutions’ senior management;
• drawing sound supervisory conclusions, reporting and presenting findings with clarity and impact;
• mentoring junior colleagues and promoting high-quality, consistent supervisory work.

This role offers excellent exposure to the inner workings of banks, the architecture of internal risk models, and the functioning of European banking supervision. It is a strong foundation for a broader career in supervision, central banking, or risk management.

Hier doe je dat

This is where you will be working

You will be based at DNB’s offices in Amsterdam, within the Supervision of National Banks & Expertise Division (TNBE). TNBE comprises around 140 professionals with diverse backgrounds and nationalities, organized into 8 departments. The Internal Models Department consists of 21 staff and focuses on inspections and methodological work related to credit risk models.
Internal model investigations are project-based, with teams composed according to the expertise required for each assignment. Increasingly, these inspections are led and conducted at the European level. Senior experts are expected to take on coordinating roles, including acting as Head of Mission, within these cross-border missions. In addition to inspections, you may participate in internal or international working groups focused on regulation, supervisory methodology, or tooling innovation. You will also have access to a broad range of training and development opportunities, including technical courses, regulatory modules, and soft skills workshops.

You will join a diverse and international team where inclusion is not just appreciated but essential to our success. We foster a culture of psychological safety and openness, and we value respectful dialogue, transparency, and constructive feedback. We strive to maintain a work-life balance that reflects the demands of on-site work while respecting personal boundaries and wellbeing.

Dit breng je mee

This is what we need from you

At DNB, we work with professionals who combine deep technical expertise with strong interpersonal skills. We are looking for a candidate who:

• has a Master’s degree (a PhD is considered a strong asset) in econometrics, mathematics, quantitative finance, applied physics, or a related quantitative discipline;
• brings at least 5 years of relevant experience in banking supervision, a financial institution, rating agency, or consulting firm. SSM or cross-border supervisory experience is a clear asset;
• possesses solid knowledge of credit risk modelling, validation, and/or stress testing;
• has familiarity with regulatory frameworks, such as the CRR and the ECB Guide to Internal Models;
• has experience with programming languages and statistical tools such as R, Python, Matlab, or SQL;
• communicates effectively in English, both written and verbal, and is willing to learn Dutch as part of your onboarding.

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 your 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 € 5,000.- and a maximum of € 9,300.- gross per month, which amounts to a gross annual salary of at least € 75,000.-- and a maximum of € 137,600.- 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.