Senior Credit Risk Model Owner

Details

ABN AMRO is looking for a senior colleague to join the Retail & EC Model Strategy team within the Credit Risk Control Unit (CRCU) and Model Strategy department. The team acts as model owner for Retail and EC Credit Risk models, including IRB, Non-IRB, IFRS 9, EC models and scorecards. It shapes model strategy and coordinates and oversees the full model life cycle, including design, internal and regulatory approval, implementation, use, monitoring and decommissioning. These models support regulatory and economic capital calculations, provisioning, risk-based decision-making, portfolio management and other downstream processes.

As a senior model owner, you will handle multiple requests, guide junior and medior colleagues, and provide direction and clarity in complex situations. You will provide oversight, challenge and judgement throughout the model life cycle and help maintain effective oversight of ABN AMRO's credit risk model landscape.

Responsibilities

• Drive and continuously refine model strategy, including return-to-compliance plans and longer-term improvements to the model landscape.
• Oversee the life cycle of retail credit risk models, including IFRS 9 and stress testing, and EC models across retail and non-retail portfolios.
• Participate as model owner during model development to ensure delivery in line with strategy and requirements.
• Determine requirements for new models.
• Sign off on model development, changes and monitoring.
• Support model implementation.
• Address model deficiencies and findings.
• Oversee and report on model use.
• Execute model decommissioning.
• Report to senior management and key stakeholders.
• Coordinate activities with external vendor model providers.
• Coach junior and medior colleagues and support their professional development.
• Contribute to knowledge sharing, onboarding and capability building within the team.

Working Environment

The CRCU and Model Strategy department consists of four teams, including the Retail and EC Model Strategy and Non-Retail Model Strategy teams, and approximately 50 FTEs. The Model Strategy teams work with colleagues in the CRCU and Model Strategy department and with stakeholders in Modelling Data, Risk Modelling, Model Validation, Model Implementation, Credit Risk, business lines, Internal and External Audit, and supervisory authorities such as DNB and the ECB.

The department offers opportunities for professional growth and development and promotes different perspectives, fresh thinking and an open, informal atmosphere.

Requirements

• PhD or MSc in a quantitative or relevant field.
• More than 7 years of experience in a relevant role, such as Credit Risk Management, Modelling or Model Validation.
• Ability to switch between detailed analysis and broader strategic challenges.
• Knowledge of credit risk model-related regulation, including CRD/CRR and IFRS 9.
• Solid understanding of credit risk model design and underlying data, with the ability to explain these concepts clearly to stakeholders.
• Excellent written and verbal communication skills, with fluency in English.
• Confidence in stakeholder management and the ability to lead constructive discussions.
• Curious, responsible, proactive and able to take initiative.
• Experience coaching junior and medior colleagues and contributing to team development.

Benefits

• Full-time position of 36–40 hours per week.
• Competitive salary in pay scale 11–12, depending on experience and assessment.
• Flexible working environment.
• Supplementary benefits budget of 11% for additional employment benefits.
• Personal development budget of EUR 1,000 per year.
• Annual public transportation pass.
• Solid pension plan.
• Opportunities for personal and professional growth.