Model Validator

Model Validation bij Achmea Bank

Over deze vacature

Models have a profound role within Achmea Bank, becoming increasingly complex and essential for the bank’s operations and decision-making. They are often subject to a dynamic regulatory environment and supervisory scrutiny. Model Validation plays a critical role in the bank’s risk management by assessing, at different phases of the Model Life Cycle (development, implementation, use), whether a model meets the applicable internal and external requirements.

The Model Validation team of Achmea Bank is responsible for validating all important models used at Achmea Bank, including the A-IRB, IFRS 9, and IRRBB models. We help the organization gain more insights into model risk and support model management processes, such as model risk assessment and model risk reporting. Since the set-up of the team in 2024, we are growing into the full range of our responsibilities and pursuing constant improvement in our processes and activities.

As a Model Validator, you will take a leading role in validating IRRBB models and have the opportunity to participate in other validation projects as well. You will carry out or supervise validation tasks independently and in line with internal guidelines and applicable regulations. You will collaborate with other model validation team members in analyzing validation outcomes, translating these into findings and recommendations, communicating with model stakeholders, and finalizing reporting of validation results and conclusions addressed to senior management. You will also contribute to ongoing reviews of validation and model management policies and procedures, and participate in model management activities such as preparing relevant model risk assessments and reporting.

You want to join a new and diverse team of experts and add value, especially in the area of market risk. You are eager to work on and expand your experience with different model types and broader model risk management. You are prepared to effectively challenge models and defend your point of view in a factual manner, helping the organization recognize and manage model risk.

De afdeling

In 2024, Achmea Bank established a separate and independent Model Validation team within the 2nd line Risk Management function, aiming to strengthen its model risk management capabilities and specialization in risk models used at the bank. The team is responsible for validating all important models used at Achmea Bank, including the A-IRB, IFRS 9, and IRRBB models, and supporting the bank’s model management processes.

Since its establishment, the team is growing into its full range of responsibilities and is currently looking to add two new members. The team consists of young and dynamic risk experts from diverse backgrounds and is among the forerunners within the organization in being international. The team works fully hybrid, while promoting coming together once or twice a week at the office in Tilburg.

Jouw achtergrond / Requirements

• At least 8 years of experience in model development or validation of market risk models;
• Experience in management of relevant projects is a plus;
• At least a master’s degree in a quantitative field (mathematics, physics, econometrics, etc.);
• Competence in programming (R, SQL, Python is a plus), and affinity with data handling;
• Analytical and critical mindset;
• Clear and concise communication and documentation style addressed at various audiences including senior management;
• Sensibility to the role of the validation function as 2nd line of defense, experience in model validation is a strong plus.

Wat krijg je van ons / What we offer

• Als medewerker bij Achmea zet jij je elke dag in voor een gezonde, veilige én duurzame toekomst. En daar belonen we je graag voor! Natuurlijk krijg je bij ons een goed salaris, een mooie pensioenregeling mét lage eigen bijdrage (3,25%), 136 verlofuren (op basis van 34 uur per week) én korting op onze verzekeringen.
• Een 34-urige werkweek is bij Achmea de standaard! Je werkt dan bijvoorbeeld 4 dagen van 8,5 uur. Zo heb je nóg meer tijd voor vrijwilligerswerk, een goed boek, mantelzorg óf jouw favoriete sport!
• Onder de noemer All You Can Learn volg je opleidingen, cursussen en trainingen. De wereld van leren en ontwikkelen ligt bij ons aan je voeten! Achmea betaalt en toestemming van je manager is niet nodig.
• Ben je langer dan 12 maanden in dienst? Dan krijg je €2.500 netto klimaatbudget (bij fulltime dienstverband) om je huis te verduurzamen, duurzaam witgoed te kopen óf bijvoorbeeld een elektrische fiets aan te schaffen. Dit bedrag is bedoeld voor producten en diensten die een bijdrage leveren aan verduurzaming en verbetering van het milieu.
• Gezond werken vinden we belangrijk, dus zorgen we ook dat dit kan met een berg healthy initiatieven!
• Je ontvangt maandelijks een persoonlijk keuzebudget, opgebouwd uit 8% vakantietoeslag, 8,33% eindejaarsuitkering en 3,85% bovenwettelijk verlof. Je kiest zelf op welk moment je dit budget laat uitbetalen, je het gebruikt voor verlofsparen of dat je er vakantie-uren van koopt.