Senior Retail & EC Credit Risk Model Owner

Details

We are looking for a senior colleague to join ABN AMRO’s 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.

The role involves shaping model strategy and coordinating and overseeing the full model life cycle, including model 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.

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 models, and EC models across retail and non-retail portfolios.
• Participate actively as model owner during model development to ensure delivery aligns 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 two Model Strategy teams: Retail and EC Model Strategy and Non-Retail Model Strategy. The department has approximately 50 FTEs.

The Model Strategy teams work closely with colleagues across the CRCU and Model Strategy department, as well as 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 personal and professional development and maintains an open, informal environment that values different perspectives and fresh thinking.

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 regulations, 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 and proactive, with the ability 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.