Senior Quantitative Analyst - Credit Group Models
Imagine restructuring an entire model landscape and realising your vision for the most effective models possible. Are you ready to lead the charge? Do you see yourself at the heart of risk analytics, making an impact to the business and regulatory capital of the bank? As a Senior Credit Risk Modeller within Group Credit Models (GCM) - Portfolio, you will take ownership of model development, working side-by-side with your team, leading to solutions that satisfy regulators and stimulate the bank.
About GCM Portfolio
At Rabobank, the model development and model use are broadly within two teams: Group Credit Models - Portfolio, which is at the core of developing Advanced - Internal Ratings Based (A-IRB) models and other models relevant for Rabobank portfolios, and Group Credit Models – Solutions, which governs model uses throughout the credit lifecycle in 13 other core bank processes including client acceptance, pricing, early warning systems, IFRS 9 and stress testing.
GCM- Portfolio covers models related to Retail SME, Rural, Mortgages &, Consumer Finance, Corporate, Income Producing Real Estate and Project Finance. For each, GCMP has a corresponding team. As we’re extending our departments, this vacancy is being positioned and considered for one of the multiple GCM-P teams, portfolios, depending on your personal interest and the best possible fit. The models built by GCM – Portfolio have a direct impact on Rabobank’s regulatory capital. The models also aid business decisions such as pricing, but most importantly, the models help Rabobank stay compliant with regulatory expectations, with a solid riskmanagement framework offering smarter solutions to customers.
With each other
Collaboration is at the heart of everything we do. We bring teams of talented people from all around the world together to develop the next generation of risk models that not only thrill our regulators, but also drive our business forward. They do so by relying on the expertise of each individual team member, and following your lead as you help develop a long-term vision for the team. With you as a Senior Credit Risk Modeller, you will work directly with colleagues of different nationalities in a variety of roles.
The teams consisting of mainly quantitative analysts responsible for developing, improving and maintaining the credit risk models for our clients. Currently, the main focus of our teams is on developing new models and getting them reviewed, approved and supported in implementation.
Our models provide insights in the risks and potential losses of credits Rabobank is exposed to, and support business in providing better services to our customers. You can imagine that these models are widely used within the bank resulting in a complex network of stakeholders, i.e., business, other risk management teams, and IT, that need to be managed. In addition, we are subject to intensive regulatory control from the supervisor, requiring our best efforts to demonstrate compliance Going forward, our models are in constant fine-tuning and improvement. Ambitious, willing to learn and a keen eye for detail are words that describe our team.
With you as a Credit Risk Modeller, you will strike a balance between strong leadership, hands-on, and open collaboration. Our team members describe our team as follows:
Rojman, Credit Risk Modeller: “Credit Risk Modeller is a multi-dimensional role where analytical skills, knowledge of regulations, and stakeholder management meet. Within Rabobank, credit risk modelling has had a great added value to the bank and our clients”.
“Having the honour of taking part in a skilled, diverse and ambitious team and being able to contribute to a project with such a key impact on our bank, gives me the daily dose of drive and energy needed to make our project a success”. Manager GCM - Corporate
If we were to ask your friends to describe you in a few key words, the answer would be: customer-focused, confident, well-developed people and managerial skills and able to take on challenges with confidence and flexibility.
Got what it takes to join our team? Then you will likely have:
A Master’s or PhD in a quantitative field (econometrics, mathematics, physics or similar);
At least five years' experience in a (credit) risk modelling environment;
Hands-on experience in developing IRB models (PD, LGD and EAD) with a very strong foundation in at least one of the credit risk modelling capabilities;
An end-to-end model development perspective, i.e., data collection, modelling choices defence, regulatory feedback remediation, model documentation and model implementation in IT infrastructure;
Practical experience with regulatory requirements would be a plus (BIS, EBA, CRD, IFRS, ICAAP);
Experience with mentoring and guiding team members is a plus;
Intimate knowledge of Python, Matlab, SQL, GIT or comparable packages and programming languages;
it’s important to note that we are not just looking for top Credit Risk Modellers who are great at modelling. You’ll also need to be a true team player, with excellent communication skills in English, the ability to take other (non-analyst’s) interests into consideration. Timing is always a factor in almost everything we do, so you will need to be able to perform well under pressure, and manage your and the teams time effectively;
Obviously, the ability to deliver a positive contribution to the team dynamic is very important;
Growing a better world together
Rabobank is a financial services provider for 8.5 million customers in 40 countries. But did you know that we aim to contribute to real change with our 'Growing a better world together' mission? We do so in countless ways, such as:
Actively protecting our clients by ensuring that the loans and credits we provide are well within acceptable risk levels;
Working toward a new generation of risk models that not only fulfil regulatory requirements, but also allow us to expand our reach and help more people, communities and societies to thrive. Safeguarding our investments in nature, culture, agriculture and development with risk models that sustain and advance the bank’s position.
Do you want to become the ideal version of yourself? We would love to help you achieve this by focusing firmly on your growth, development, and investing in an environment where you keep learning every day. We give you the space to innovate and initiate. In this way, we offer you numerous opportunities to grow and help you exceed your expectations, to do the right thing exceptionally well, and to therefore grow as a professional. In addition, you can expect:
Do you want to become the ideal version of yourself? We would love to help you achieve this by focusing firmly on your growth, development, and investing in an environment where you keep learning every day. We give you the space to innovate and initiate. In this way, we offer you numerous opportunities to grow and help you exceed your expectations, to do the right thing exceptionally well, and to therefore grow as a professional. In addition, with us (on the basis of a 40-hour working week), you can also expect:
- a gross monthly salary between €4.492,45 and €7.722,56 depending on your experience and seniority;
- a thirteenth month and holiday pay;
- an Employee Benefit Budget (11% of your monthly salary). You decide how to spend this budget. This may include purchasing extra leave days, making extra pension contributions or even receiving a monthly cash payout;
- a personal budget that you can spend on activities related to your personal development and career;
- 100% reimbursement of commuting costs if you travel by public transport! Do you still prefer to travel by car or motorbike? Then choose a commuting allowance;
- a pension scheme, to which your contribution is only 5%.
Are you the person we're looking for? Are you ready to join Rabobank as a Credit Risk Modeller and to make a difference to yourself, our customers and to society? We look forward to receiving your application for this vacancy in Utrecht.
Good to know:
Apply now via the ''Apply now'' button. Responses will be handled in accordance with our vacancy management policy. Gihon van Maarsen, recruiter would be happy to answer any questions about the application procedure via Gihon.van.Maarsen@rabobank.nl For any questions regarding the content of the job, please reach out to Karen Brummel, Business Manager GCM Portfolio via Karen.Brummel@rabobank.com.
The application process includes screening. Based on the screening procedures in place at Rabobank, we assess whether new staff are reliable enough to work at Rabobank. The application process for this vacancy includes an individual assessment. Your privacy is important to us. Do you want to know more, click on this link. Everyone is different, and it is exactly those differences that help us become an even better bank. That's why we want to know who you really are!