Junior QRM Manager

Junior QRM Manager | Balance Sheet Risk and Forecasting | Utrecht

Would you like to learn how Rabobank manages interest rate risk and forecasts income across a balance sheet of more than €600 billion?

Summary

As a Junior QRM Manager at Rabobank, you will learn quantitative risk analysis and balance sheet modelling in practice. You will calculate, investigate and explain interest rate risk and net interest income forecasts within the MRBB Systems & Reporting Expert Team. You will work with the QRM balance sheet platform, large datasets and financial products. Your analyses support decisions by Treasury, Finance and Risk colleagues and contribute to regulatory reporting. You will work in English in an international team and combine working from home with at least 2 office days per week.

At a glance:

• Analyse changes in risk, income and balance sheet figures.
• Work with QRM, large datasets, SQL and other analytical tools.
• Help Rabobank understand how markets, customer behaviour and business developments affect risk and profitability.

What will you learn and do as a graduate Junior QRM Manager?

You will receive guidance from experienced specialists while gradually taking responsibility for recurring analyses. You do not need to know QRM or balance sheet modelling from day one. Curiosity, quantitative thinking and the motivation to learn are essential.

• Produce and explain monthly interest rate risk results for Rabobank entities, including DLL and Obvion.
• Investigate changes in balance sheet figures or financial markets, identify possible explanations and assess their effect on risk and profitability.
• Translate new business initiatives and regulatory requirements into changes in the QRM balance sheet platform.
• Work with data specialists to improve the quality and completeness of balance sheet data.
• Automate recurring analyses and controls using SQL, artificial intelligence and other analytical tools.

You will also learn how financial products and customer behaviour influence net interest income. As your knowledge develops, you will take ownership of recurring work and present findings and recommendations to colleagues in Treasury, Finance and Risk.

Skills, tools and areas of expertise

• Quantitative analysis.
• Interest rate risk and balance sheet risk.
• Net interest income forecasting.
• QRM balance sheet modelling.
• Large dataset querying.
• SQL
• Financial products and banking.
• Regulatory reporting.
• Data quality and automation.
• Analytical problem-solving.

Together we achieve more than alone

We believe in the power of differences. By combining people's differences, we become an even better bank. We are curious about what you will bring to our team MRBB Systems & Reporting Expert Team.

You will join an international team within Tribe Treasury ALM. The team includes specialists in finance, econometrics, data, risk management and technology. Together, you work on recurring risk reporting, system improvements, forecasting solutions and ad hoc balance sheet analyses.

Experienced colleagues will help you understand the models, systems and banking context. You will also have room to investigate quantitative questions independently, ask for help when needed and take increasing ownership of your work. English is the working language within the team.

Work on yourself & the world around you

For us, your development and that of society go hand in hand. That is why we want to invest in you and work together to create a better world. We summarise this in one sentence: at Rabobank, you work on yourself and the world around you at the same time.

In this role, you will develop expertise at the intersection of banking, quantitative analysis and technology. You will learn how a large international bank manages interest rate risk and how Treasury, Finance, Risk and Data teams work together. You will also learn to use software and large datasets to answer complex financial questions.

Why everyone is welcome at Rabobank

At Rabobank, we are working towards a culture where everyone feels welcome. We value our differences and use them to collaborate more effectively and make better decisions. By being open to different perspectives, we create an environment where colleagues feel heard.

What do you bring?

Must-haves:

• A master's degree in Econometrics, Financial Economics, Quantitative Finance, Mathematics, Physics, Data Science or a related quantitative field.
• 1 or 2 years of relevant work experience.
• Strong quantitative and analytical skills.
• An interest in financial markets, banking, data and technology.
• The curiosity to investigate changes in figures and find possible explanations.
• The initiative to start an investigation independently and ask colleagues for help when you need it.
• An interest in learning to work with software and large datasets.
• The ability to structure complex information and explain your conclusions clearly.
• You already live and work or study in the Netherlands. Relocation from abroad is not available for this junior vacancy.

Nice-to-haves:

• Experience at a bank, financial institution or in another finance-related environment.
• Experience with data analysis or programming, such as SQL, Python or R.
• Knowledge of interest rate risk, asset and liability management, behavioural modelling or net interest income.
• Experience with QRM or another balance sheet management system.
• Familiarity with banking products or regulatory reporting.

You and the application process

• Questions about the recruitment process, contact Clemens Schinkel, Corporate Recruiter at Clemens.Schinkel@Rabobank.nl
• The interviews will be held online and at our office in Utrecht.
• Please add a motivational letter in your application, in these answer the following questions: Why do you want to work at Rabobank? Why are you a good fit for this position and show us an example on your drive and curiosity when it comes to financial analysis.
• If you are invited for an interview, Bo, our virtual assistant, will contact you by SMS and email to schedule the interview.
• A reliability assessment is part of the procedure.
• An assessment can be part of the application process.
• You can find answers to frequently asked questions here: Rabobank application FAQs.
• We respect your privacy: Rabobank privacy information.

#LI-CS4

Frequently asked questions

Is this role suitable if I have little work experience?

Yes. This is a junior position, although 1 or 2 years of relevant experience is an advantage. Your quantitative foundation, curiosity, drive and willingness to learn are more important than previous experience with QRM.

What will I learn and do?

You will learn to calculate and explain interest rate risk and net interest income forecasts. You will investigate quantitative changes, work with balance sheet data and improve analyses, controls and reporting.

What guidance will I receive?

Experienced colleagues with backgrounds in finance, econometrics, data, risk management and technology will guide you. You will gradually take ownership as your understanding of the work develops.

Which skills or tools will I develop?

You will develop skills in quantitative risk analysis, balance sheet modelling, large dataset querying, automation and financial reporting. You can also develop your knowledge of QRM, SQL, and artificial intelligence tools.

Can I work hybrid?

Yes. You can work from home and spend at least 2 days per week with colleagues in the office in Utrecht. One day will be in the dealing room of Rabobank.