Key Facts

Remote From:

Full time

Senior (5-10 years)

Dutch, English

Hard Skills

Credit Risk Modeling SQL (Programming Language) Python (Programming Language) Data Validation Engineering Validation Tests Validation Controls Model Validation Model Building Software Validation Project Management Stakeholder Communications Training Analysis

Other Skills

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Governance
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People Management
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Communication
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Team Management
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Time Management
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Critical Thinking
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Quality Assurance
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Prioritization
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Report Writing

Roles & Responsibilities

Master's degree in a quantitative area
Proficiency in Python and/or SQL
Experience with Advanced IRB (A-IRB) in credit risk
Relevant work experience in credit risk modeling/validation (1–5+ years)

Requirements:

Coordinate and perform periodic validation reviews of Corporate IRB models (Domestic Retail Banking, Wholesale Rural, IPRE) with a team of 3 mediators and 4 juniors under senior leadership
Document validation results and prepare periodic review reports for submission to Model Governance Committee; ensure ECB validation templates are completed
Supervise juniors and mediators, conduct risk assessments, review validation results/reports, and manage stakeholders to meet timelines
Provide an outside-in perspective to the validation team, maintain high-quality validation standards, and ensure presence during execution phases

Macee

About Macee

MACEE optimises the entire spectrum of HR processes through innovation, clear agreements, and thinking with suppliers, candidates and customers. Our services include Secondment, Vendor Management and Contract Management.Project-based and temporary work has become a necessity in the current economy. However, sourcing staff to carry out this work is often too cumbersome for companies. As a result, time and energy are wasted on the recruitment process, for example: in the processing of applications.Macee offers an alternative solution to their partners, meaning applications and contractual issues can be completed and processed much faster. Macee provides support to various business units, and purchasing and human resources departments when it is needed, with a rapid deployment process that is free of unnecessary chains.Macee is recognized sponsor and Certified ISO9001:2008 & NEN4400

Company type: SME

Industry:

Founded: 2018

Company size: 51 - 200

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Job description

Vacancy Details

Role: Model Validator
Headcount: (8 people) 1 senior, 3 mediators, and 4 juniors
Main language: English, proficiency in Dutch is not required
Location: Utrecht
Type: Hybrid

The junior colleagues will perform the validation tests and document the results in the validation reports. Although the Mediator colleagues might also perform validation tests including reporting, they have in particular an important role in supervising the juniors, a comprehensive risk assessment, and reviewing the results/validation report. The Senior colleague is (end-)responsible for the coordination of the various models, prioritization, quality of the validation reports, meeting the timelines, stakeholder management, and supervision of the team where needed.

The junior candidates must have

A Mater's degree in a quantitative area.
Good programming skills in Python and/or SQL.
1 to 3 years of relevant work experience within a financial institution, preferably within credit risk.

The Medior candidates must have
A Master's degree in a quantitative area
Good programming skills in Python and/or SQL
Experience with Advanced IRB (A-IRB)
3 to 5 years of relevant work experience within credit risk within a financial institution as a modeler and/or (preferably) validator

The senior candidates must have
A Master's degree in a quantitative area
Experience with Advanced IRB (A-IRB)
Has 5 years of relevant work experience within credit risk within a financial institution as a modeler and/or (preferably) validator.
Good project and people management skills.

The goal of the project is to execute the periodic review of these models in line with the bank requirements resulting in a periodic review report to be submitted to Model Governance Committee. The submission of ECB validation reporting templates is part of the project. The validation scope is a subset of the basic testing procedure. Execute the periodic review project of Corporate IRB models used in Domestic Retail Banking and Wholesale & Rural as well as the IPRE (Income Producing Real Estate) model used in Domestic Retail Banking with a team of 3 mediors and 4 juniors (externals) and led by a senior.

The position requires bringing in an outside-in view to a validation team consisting of external staff. As a validator, the person should have a healthy critical attitude and good communication skills. During the execution phase presence is required. Earlier involvement in previous validation projects is appreciated.