Vacatures in Econometrie
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Model Risk Analyst - ABN AMRO Bank

Locatie: Amsterdam
Dienstverband: Full-time

We are looking for a:

Model Risk Analyst

At a glance

ABN AMRO is on the trend of greater use of models. Driven in part by regulation as well as through innovations, the growing reliance on models manifests in all areas of the bank. For risk management purposes ABN AMRO has models in place for amongst others credit risk, market risk, operational risk, and liquidity risk, covering the entire balance sheet of the bank. These models use market and client data to predict among others, the client behaviour and their risk profile based on the client characteristic, economy and market. Outside the risk management domain, model-based decision making becomes increasingly important and accepted. Models are also used for pricing, marketing, portfolio management, HR and in multiple other areas and innovative solutions.

The Model Risk Management department acts as a sounding board and expert advisory role for the entire bank for any matters related to model risk and model risk management. The department consists of teams responsible for validating models as well as the Model Risk Management Office. This Office executes, enables and facilitates key elements of the Model Risk Management framework, including control and reporting of model risk and supporting the model life cycle including the support of the validation teams. The team is responsible for managing the framework, supporting the model life cycle, reporting and control of model risk for the entire organization.

For the Model Risk Management Office we are looking for strong analysts with an entrepreneurial mind. Do you enjoy an analytic job which makes a difference in the organization? Are you looking for a challenging and dynamic job with the opportunity of steep learning? Join this team aimed at managing the Banks model risk in the best possible way. As a Model Risk Analyst, you are an expert in model risk management and have an understanding of the related risks. In ABN AMRO, you can expand this expertise and gain even more knowledge. What are the key challenges of managing model risk and how would you overcome these? Work on achieving your goals and develop yourself professionally and personally. Tell us your story. We want to hear it!

Your job

As a member of the Model Risk Management Office, you contribute to the management of model risk on a bank wide level by being responsible for the control and reporting part of the model risk management framework. This includes analysing data and reports from stakeholders, reporting deviations and issues to the relevant stakeholders, and creating (aggregated) reports. You performs analysis on the reported model risk assessments done by the validation team and provides support to Model Validation in collecting model related information requested by stakeholders, amongst whom are the business regulators, Internal Audit and external auditors. You continuously improve the reporting and control framework, proving that the bank is in control over all relevant models within the model landscape of different business lines.

Working environment

As a subject matter expert on model risk, the Model Risk Management Office works closely together with affiliated departments including the (Non-) Financial and business grids, Operational Risk Management & Control cycle to ensure proper model risk management. In addition, it supports Model Validation with model related information, coordination and reporting outside the direct scope of the validation projects. Therefore, the Model Risk Management Office team works closely with the Model Validation teams by informing them timely on any emerging risk in the model development, model implementation or model use.

This responsibility is shared across the department of about 25 specialists in a very international and diverse environment. This diversity, in terms of cultural background, gender, academic and working experience creates an optimal blend. We value team players who are smart, persistent, take their role seriously and are committed to finish the job.

Your profile

  • University degree preferably in a quantitative discipline, e.g. (financial) mathematics, (theoretical) physics, econometrics or similar, at least at Master level.
  • At least 4 years relevant work experience preferably in a quantitative role in the financial industry.
  • Good understanding of (risk) modelling, (model) risk management and the use of models.
  • Good knowledge of regulatory requirements regarding model risk management and (risk) modelling.Experience with programming languages and/or tools, e.g., Python, SAS, STATA, and Visual Basic is desirable.
  • Strong analytical and problem solving skills.
  • Able to work independently.
  • Good communication skills to a wide range of stakeholders.
  • Proactive attitude.
  • Able to manage deadlines while delivering high quality workFull business proficiency in English.

We are offering

  • International multi-cultural working environment
  • Great colleagues
  • Challenging work
  • Unique opportunity to interact with multiple departments within the bank
  • Flexible working hours
  • Future career development
  • Wide-range of training coursesCompetitive salary and excellent benefits


Are you interested? Please apply online. For more information you can contact Senne Achterberg (

We look forward to meeting you.

Equal opportunities for all

The success of our organisation depends on the quality of our people and the ideas that they have. Truly surprising insights and innovative solutions for our clients result from an interplay of cultures, knowledge and experience. Diversity is therefore extremely important to our organisation. To ensure that everyone at ABN AMRO can develop their talents, we encourage an inclusive culture in which all colleagues feel engaged and appreciated.


Informatie en sollicitatie:

Direct solliciteren:

Please send your application for Model Risk Analyst at ABN AMRO Bank in Amsterdam including your CV via our website.



Vacature geplaatst op

28 oktober 2020
Direct Solliciteren

Meer informatie:

Are you interested? Please apply online. For more information you can contact Senne Achterberg (

Wil je deze vacature delen met je netwerk?



Transistorstraat 7
1322 CJ Almere

Postbus 60184
1320 AE Almere

Tel: 036 - 7440 136

KvK 32090652
ING Bank NL91INGB065.42.67.456
BTW NL.8106.57.041.B01

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