Senior Model Validator

Do you believe in the power of data and do you enjoy assessing the functioning of models? Then this position is for you! In this role you can immerse yourself in the intriguing world of models. You maintain close contact with various teams within the bank, senior management and the supervisor. At ASN Bank, we put people first — including the 3 million customers who trust us with their financial well-being.

As our Model Validator, you will be part of our Model Risk Management (MRM) team and use your expert skills to help over 3 million clients. You will be engaged in various Model Validation responsibilities. In this role, you will be responsible for establishing and maintaining a robust model validation framework as well as assessing the development and performance of ASN Bank’s models.

In this position, you will translate current and proposed relevant regulatory requirements such as CRR, ECB and EBA Guidelines and Basel principles into standards and procedures a model validator uses in assessing models. You’ll provide an independent assessment of the quality, suitability and use of de Volksbank’s models. Based on this, you’ll advise senior management and developers on possible improvements and model usage.

You’ll play a pivotal part in connecting the 1st and 2nd lines of defense. As a connector, you’ll stimulate knowledge sharing between Model Development, Model Risk Governance & Oversight and Model Validation and are in constant contact with the Joint Supervisory Team, internal and external auditors. With so much variety on offer, you’ll always be challenged in this role.

Your responsibilities:

• You contribute to interpretation of CRR, ECB, EBA and IFRS9 regulations concerning models and translating these into requirements into model validation standards and procedures;
• You perform quantitative statistical analyses and assess the use of a broad spectrum of models;
• You convert your insights into clear and concise model validation reports in which you present the model risk to senior management.

About the team

Together with Model Risk Governance & Oversight, Model Validation forms Model Risk Management which is part of the second line risk management function. You’ll join a proactive and highly skilled Model Risk Management team that values collaboration, learning, and impact. We support each other’s growth, hold each other accountable, and make room for your talent and ideas. With a hybrid work model, a warm and inclusive culture, and meaningful responsibilities from day one, you’ll be empowered to make a real difference — for the bank and for society.

Your competencies

Known for your analytical skills, you have a deep love for data as well as complex regulations and guidelines. You enjoy working with numbers and have a knack for digging to the very bottom of the data mine to uncover valuable insights. While you can work independently, you also function well in a team environment. Gifted with a helicopter view, you can connect the dots and convince others of your findings.

Furthermore, you have:

• At minimum a MSc degree with a quantitative background such as Mathematics, Econometrics, Finance, Economics, or related fields;
• Knowledge and experience with legislation and regulations concerning models. You are familiar with CRR and the regulatory frameworks of Basel, EBA, ECB, and IFRS9;
• Minimum of 6 years of experience in model development and/or model validation;
• Experience with programming (Python, R, SQL), analyzing large datasets and translating these analyses into high-quality validation reports.

Please note: it is important for this position that you have good command of the English language, both written and spoken, as our professional output is in English.

This is what you will get from us

• Flexible layout (or Flexible workweek schedule OR A 36-hour working week, to be flexible divided over the week.
• Holiday allowance and a thirteenth month.
• 208.8 hours of leave based on full-time employment regardless of your age.
• A good collective pension scheme.
• Good work-life balance and we are flexible in working from home.
• Good opportunity to continue developing yourself.

About us

ASN Bank is an accessible and forward-looking bank with an eye for people, society and the future. We sustainably contribute to financial solutions for our customers while addressing Dutch societal issues. We pay particular attention to sustainability, financial wellbeing and good housing. As a bank, we combine the convenience of secure mobile banking with the power of personal advice. Thanks to our nationwide network of branches, we are also physically close by when it matters.

To be sure if you are legally allowed to perform work in the Netherlands for ASN Bank, you must meet the following conditions: a valid work permit, a home address in the Netherlands and a social security number. Unfortunately we do not support relocation activities.