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Model Validator - Job Opportunity at Nationale-Nederlanden

Den Haag, Netherlands
Full-time
Mid-level
Posted: January 23, 2025
Hybrid
EUR 4,686 - 6,694 per month

Benefits

NS Business Card with unlimited travel (including private use)
13th month bonus and holiday allowance
27 vacation days + 1 Diversity Day
Modern pension plan through BeFrank
Comprehensive training and development program
Home office setup allowance
Internet usage compensation
Hybrid work arrangement

Key Responsibilities

Lead independent validation of critical financial models including AIRB, IFRS 9, and stress testing frameworks
Conduct comprehensive model risk assessments and provide strategic recommendations
Engage with stakeholders including senior management and regulators
Design and implement Model Risk Oversight processes
Evaluate model compliance with regulatory requirements

Requirements

Education

Master's degree in quantitative discipline (mathematics, physics, statistics/econometrics, machine learning, or data science)

Experience

Minimum 3 years relevant financial industry experience

Required Skills

Regulatory knowledge (Basel IV, CRR/CRD, EBA standards) Programming proficiency (Python) Database tools (SAS) Statistical analysis Professional English proficiency Model validation expertise Risk management knowledge

Certifications

FRM, CFA, or CQF (desirable) PhD or second Master's degree (preferred)
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Sauge AI Market Intelligence

Industry Trends

Financial institutions are increasingly focusing on model risk management due to regulatory pressure and complexity of AI/ML models Growing demand for validators with combined regulatory and technical expertise Shift towards automated validation processes and real-time monitoring

Salary Evaluation

The offered salary range is competitive for the Dutch financial sector, typically ranging EUR 65,000-95,000 annually including bonuses for this level of expertise

Role Significance

Small specialized team (currently 5 members expanding to 7-8) allowing for high visibility and impact
Mid to senior-level position with significant influence on risk management decisions and regulatory compliance

Key Projects

AIRB model validation for regulatory capital IFRS 9 implementation and ongoing validation Development of model risk framework Regulatory compliance programs

Success Factors

Strong quantitative analysis capabilities combined with business acumen Ability to communicate complex technical concepts to various stakeholders Understanding of regulatory landscape and its evolution Independence in judgment while maintaining collaborative approach

Market Demand

High demand with limited supply of qualified candidates due to specific combination of quantitative skills and regulatory knowledge required

Important Skills

Critical Skills

Model risk assessment expertise Regulatory framework knowledge Statistical analysis capabilities Stakeholder communication skills

Beneficial Skills

Machine learning expertise Process automation skills Risk management certifications Multiple language proficiency

Unique Aspects

Rotation-based project structure (3-month cycles)
International team environment
Focus on individual strengths and preferences in role allocation
Strong emphasis on sustainability and circular office design

Career Growth

Typical progression to senior roles within 2-3 years, management positions in 4-5 years

Potential Next Roles

Head of Model Validation Senior Risk Manager Chief Risk Officer Quantitative Strategy Lead

Company Overview

Nationale-Nederlanden

Nationale-Nederlanden is a leading Dutch financial services provider with over 175 years of history

Major player in Benelux financial services with strong presence in insurance and banking
Headquarters in The Hague with significant European operations
Progressive work environment emphasizing diversity, sustainability, and work-life balance
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