Karrier Portál

Model Validator - Banking Focus

Budapest

Challenges

  • NN RAS (Risk and Actuarial Services) is a Centre of Excellence for NN Group, focusing on top quality and efficient solutions. We serve as an internal centre of consultancy, quantitative model development, automation and innovation. We support numerous departments at NN Head Office in the Hague (the Netherlands) and NN subsidiaries all over Europe.
  • Now we are hiring to extend our Model Validation team with a Model Validator with Banking Focus.

What matters to us

  • University degree in Econometrics, Financial Mathematics, Actuarial Sciences or related discipline
  • At least 5 years of experience in banking or in an actuarial function or as quantitative modeler; using risk, pricing, cash flow models
  • Strong knowledge of financial and/or insurance products and markets (specific knowledge of the Central European and BENELUX markets would be a plus)
  • Understanding basic concepts of Model Validation is an advantage
  • Fluency in Python and/or R and/or SAS is an advantage
  • Advanced know-how in modeling techniques (AFM/R3S and/or Prophet and or MoSeS) is an advantage
  • Good analytical and communication skills in English, both oral and written, ability to plan, prioritize, distil and present key messages with integrity and advise peer specialists, management, committees, internal & external auditors and supervisors
  • Ability to build positive working relationships and at the same time having a strong independent stance
  • Willingness to travel

What matters to you

  • Independent technical review of models
  • Perform effective challenge to establish whether a model is (in)valid for a given purpose
  • Delivery of high quality validation reports, with quantitative and a qualitative assessments
  • Compliance with NN Model Validation Policy Framework and regulatory requirements (e.g. Basel, IFRS, Solvency II, ICAAP)
  • Models in scope are (not exhaustive): Credit risk models used in banks (e.g. PD, EAD, LGD), Market risk models, Cash flow models, Economic Scenario Generation models, Models related to regulatory reporting, Knowledge of Insurance risk and Business risk models is an advantage
  • High level, content driven communication with all relevant stakeholders in English

Build your business at NN! Why is it good for you?

  • NN RAS is not providing you a job, but an environment to give your innovation ideas a route at a huge insurance company, having inexhaustible fields to develop
  • Challenging projects within an exciting multinational, yet familiar work environment
  • Competitive compensation package
  • Opportunity to partially work from home, also post-Covid
  • Plenty of opportunities to develop yourself: skills and personal development are high priorities at NN RAS
  • We care for employee satisfaction with high levels of empowerment, plenty of development opportunities, focus on healthy work-life balance and modern working conditions

Are you ready? Apply to us!

  • In case you are interested in the position, please register and send your CV via our Career Portal.
  • Your files will be handled confidentially.

Details of position

Job ID: 2551
Position name: Model Validator - Banking Focus
Place of work: Budapest
Job contract type: Permanent contract
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