Junior Quantitative Risk Analyst

NIBC Bank is looking for a Junior Quantitative Risk Analyst in our Modeling & Data Analytics team!

Job Description

What will you do?

• Perform semi-annual bank-wide stress testing;
• Perform ad-hoc analysis to support business critical decisions.

Modelling

• Further develop and improve the Solvency stress testing framework;
• Proactively initiate methodological updates in response to changes in regulations as well as internal model landscape;
• Translate functional requirements into effective end-to-end implementation in Python.

Communication

• Regular liaison with Finance, ALM, Treasury, Corporate Development and various risk and IT teams;
• Knowledge sharing within the team and other stakeholders about stress-testing, risk management and modelling.

Boundary spanning

• Opportunities to take part in bank-wide projects that span over several knowledge domains and require effective communication at all organizational levels;
• Help steering NIBC in the challenging and dynamic regulatory environment;
• Further modernize and optimize the credit risk modelling process, including tooling and methodology.

Your team

MDA provides an open, positive, and challenging environment via a broad range of activities and projects. The team is responsible for the bank-wide Solvency and ESG stress testing, regulatory and IFRS9 credit risk models, hedge accounting and counterparty credit risk modeling as well as has a leading role in the ongoing bank-wide transformational change programs. Within our diverse team, you will have the opportunity to make an immediate impact by playing a lead role in improving NIBC’s stress testing framework. You will have the opportunity to broaden your model development skills as well as closely collaborate with Finance, ALM, Treasury, Corporate Development and various risk and IT teams.

NIBC as employer

Founded in 1945 to finance the visionary entrepreneurs who helped rebuilding the Netherlands after the second World War, NIBC was closely collaborating while professionally supporting companies and individuals in realizing their dreams and goals with a sustainable future in mind. As a midsize bank with a multicultural working environment that is best described as dynamic and ambitious, we share a forward-thinking, can-do attitude with our employees and clients which we call our THINK YES mentality. Our corporate values are Professional, Adaptive, Collaborative and Entrepreneurial. You will have a direct and meaningful impact on both the bank and its clients. By building our company on optimism and mutual trust, and with our THINK YES mentality, NIBC is an enterprising bank that enables ambitions.

What’s in it for you?

NIBC is an ambitious environment where together we strive to create a fantastic workplace where you feel safe and challenged to be the best version of yourself. This is in line Professional, Adaptive, Collaborative and Entrepreneurial, since you are in the lead of setting the PACE of your career at NIBC. In addition, you receive a competitive salary, plus:

• Several ways to support your development personally and professionally, including a personal development budget to spend at your own discretion, professional budget provided by your manager to develop yourself in your work, and an in-house training offering;
• NIBC embraces the Hybrid way of Working. This means that we support working from home as well as encourage our colleagues to come to the office. NIBC's guideline is to spend at least half of the working time at the office;
• Travel expenses or NS Business Card 1st class;
• 32 holidays (which do not have to be registered);
• Excellent pension scheme (26% NIBC contribution);
• A voucher to improve your home office;
• The opportunity to take ownership and show initiative in your role. We are always open to new ideas, and encourage to use your voice;
• The nature of our Grow to Make a Difference program enables you to be in charge of your own development;
• Two staff associations: YoungNIBC and MyLeisure;
• Vitality program, annual company-wide sports & leisure days;
• Monthly internet allowance;
• Laptop and a company phone;
• Excellent facilities at the office (Coffeecorner, Restaurant, Exchange bar);
• Last but not least, a fun workplace in which diversity and inclusion is valued.

Additionally:

• A role giving you exposure to various internal and external stakeholders where you will get as much responsibility as you can handle;
• Opportunity to make a difference and see the direct impact of your work. As a relatively smaller and dynamic firm, NIBC allows you to not only deepen your expertise but also to have a good grip of the bigger picture;
• Be a member of a diverse international team (11 nationalities so far) where collaboration and teamwork are at the core;
• A collegial environment where you can learn from the diverse experience of team members.

What do you bring?

• Attention to detail and a strong analytical mindset while maintaining a clear focus on overarching strategic objectives;
• 1-3 years of experience in risk management, risk modelling or finance;
• Hands-on experience with risk modelling; stress testing; or advanced financial budgeting & forecasting (must-have);
• Programming skills in Python and able to design and implement methodological improvements (must-have);
• A good understanding of core programming principles (strongly preferable);
• Understanding of key credit and market risk metrics, along with their interrelation with macroeconomic factors (preferable);
• Knowledge of banking business and how different risk types affect banks’ financial statements (preferable);
• Good communication skills (English);
• Motivation to learn more about stress-testing & risk management;
• A positive ‘can do’ mentality and critical approach.