Internal model risk expert

Supervise a major Dutch bank as an internal model risk expert at DNB.

You will have 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 a 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 be doing as a supervisor at DNB

You will work within the Single Supervisory Mechanism (SSM) where, together with your colleagues from the European Central Bank (ECB), you will supervise a Dutch systemically important bank. As such, you will be part of the European Joint Supervisory Team (JST) for that bank. Within the JST, you will be one of the experts in model risk, with a focus on credit risk management. You also know how to apply your quantitative skills to supervision in a broader sense and have a keen interest in data management and data quality matters.

What exactly does the position entail?

• You will assess and evaluate credit and model risks and determine the impact on the risk profile of the bank. To this end, you should be able to gain a deep and comprehensive understanding of how the institution organises itself, and of its business model and business strategy.
• Where relevant, you will participate in internal model investigations.
• You will have discussions with the bank's management and other staff members. You are capable of probing further to identify and understand the underlying challenges.
• You will participate in designing strategies and actions to reduce risks and to remediate identified weaknesses in the institution’s internal credit- and model risk management.
• You will keep up to date with regulatory developments and verify the bank's compliance with regulation and supervisory expectations.

This is where you will be working

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 occasionally travel abroad (e.g. to the ECB in Frankfurt) for meetings, training and other activities. This will be an essential part of the job.

Your colleagues are from different countries and have diverse backgrounds such as legal experts, economists, econometricians, certified auditors, and IT specialists. The atmosphere is informal and amicable, and everybody understands the importance of cooperation.

This is what we need from you

At DNB you will be working together with dedicated professionals. You need to be decisive and have strong analytical skills. Our supervisors have an unparalleled opportunity to exert influence. You therefore should have highly effective powers of persuasion, be good at maintaining professional relationships and have a clear communication style. You always remain respectful and 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 ECB, to ensure your team can perform even better.

Even more important: you enjoy coming to our beautiful new office to meet your colleagues and take part actively in social and semi-social activities. We come to the office at least 50% of our working hours, this is a requirement for all employees.

What else are we looking for?

• You hold a master’s degree, preferably in a quantitative field such as econometrics or mathematics.
• You have between 5 and 8 years experience in the financial sector or at a consultancy firm in the field of model risk.
• You have an excellent command of English and willingness to learn Dutch.

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 € 4,800 and a maximum of € 6,800 gross per month, which amounts to a gross annual salary of at least € 71,200 and a maximum of € 101,200 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 purpose of this vacancy is application, not acquisition.