Head of AI & Analytics Model Risk

At a glance

ABN AMRO is looking for an experienced leader for the AI & Analytics Model Risk department, within Model Risk Management & Model Validation (MRM&MV). The team is a culturally diverse group of approximately 8-10 highly qualified professionals, located in Amsterdam. The team is responsible for model risk management and validation of models within the AI, FEC, and other relevant analytical domains, which includes models used by CRO IT & Cyber, Compliance (incl. SIM), Brand Marketing & Communications, Group Audit, Central Operations Office (inc. DFC), Innovation & Technology, Human Resources, and all generative AI models throughout the bank.

You bring a strategic vision, determination and presence to follow through, with the aim to improve and innovate. You have deep expertise in international financial markets, related models and relevant regulations, and can lead a diverse team of high value specialists.

Role: Head of AI & Analytics Model Risk

Your job

• Leads the implementation and execution of the Model Risk Management Framework, including model discovery, tiering, inventory management, validation, risk reporting, risk monitoring, and risk assessment, as well as setting the Risk Appetite Statement.
• Directs and coordinates the tracking of all outstanding model-related findings and ensures timely assessment and closure of requests.
• Oversees the management and administration of the Methodology Acceptance Groups (MAGs), as well as model risk reporting.
• Defines and maintains model validation requirements and procedures.
• Identifies and signals issues or problems through validation and other oversight activities, providing proposals for corrective actions.
• Transition from MV focus to MRM&MV orientation of teams.
• Integration of MRM tasks with MV department.
• Change in way of working from process orientated to risk aware prioritization and execution.
• Expand coverage of MRM over full organization.
• Foster a deep understanding of model risk and risk management in general within the team.

Working environment

The AI & Analytics Model Risk department is part of ABN AMRO’s Model Risk Management & Model Validation (MRM&MV) department. There are three other model risk teams within the MRM&MV department: Financial Markets Model Risk, Retail Credit Model Risk, Non-Retail Credit Model Risk. You are member of the management team of the MRM&MV department and report directly to the head of MRM&MV. The head of MRM&MV reports directly to the CRO.

Key stakeholders of your department are within the various functions (COO, I&T), Risk (Compliance, CRO IT & Cyber), senior management, internal & external auditors and the ECB and other regulators.

Your profile

Ideal Experience

• Academic degree with at least 10 years’ experience working as leader
• Relevant and proven experience within risk management
• Proven track record in maintaining and strengthening stakeholder relationships at ELG and ELT level.
• Deep model risk knowledge and robust risk management toolkit.
• Extensive knowledge of risk management practices and ABN AMRO business, including in-depth knowledge of products and client propositions, corresponding risk, regulations and models
• Extensive experience in managing teams with highly skilled and trained professionals
• Good understanding of the developments in the financial industry and the ability to relate this to the activities of ABN AMRO

Behaviour we want to see within Risk Management

• Debate, debate, decide: Gain different perspectives on impact throughout the value chain. Then take the decision, accept the decision and respect single accountability & responsibility
• Keep it simple: Start with the goal, set well-defined requirements, proactively address dependencies, seek feasibility in plans and don’t overpromise. No abbreviations.
• Embrace Good: Don't go for perfect, do what’s right and compliant
• From being nice to being kind: Ask and act on feedback, be open about the good, bad and ugly. Reflect, adapt and move forward.
• No excuses – stay the course: Take the lead, own it. Act quickly, standardize progress updates to ensure timely support and escalate

Other personal characteristics

• Strong execution capability and a results-oriented mindset.
• Clear vision and strategy for your department, contributing to the bank-wide strategy.
• Natural relationship builder who drives constructive cross-department collaboration.

We are offering

• A competitive salary.
• The freedom to optimize your performance in a flexible working environment.
• Tools to stay fit and update your knowledge, with space provided for you to practice and grow your skills.
• An additional benefit budget of 11%, with which you can buy flexible terms of employment.
• A personal development budget of € 1.000 per year.
• A public transportation subscription.
• An excellent pension scheme.