Risk Model Run Engineer

At NN Bank, we are looking for a highly skilled Risk Model Run Engineer to join our Model Factory run team. This team is responsible for the model run activities that support the risk model life cycle. As a key member of the team, you will work on the implementation and execution of risk models and the maintenance of the corresponding IT processes. You will work closely with our risk management departments to ensure that our risk models are accurate, up-to-date and reliable.

If you have experience with the technical implementation of risk models, and enjoy working in a dynamic, collaborative environment, we strongly encourage you to apply for this exciting position.

As a Risk Model Run Engineer, you will be responsible for the execution and maintenance of risk models. The main activities that relate to this responsibility are:

Interpret and translate the model implementation specification into a technical design in accordance with regulatory requirements and industry best practices

Write and optimize modular code required to perform complex calculations to determine the model output and test the implementation

Determine input data requirements and align with the data sourcing teams on the options for implementation

Monitor and maintain the accuracy and validity of existing risk models or identify areas of improvement

Implement and maintain IT processes to ensure efficient, secure and reliable execution of risk models

Provide technical support and guidance to other members of the risk management teams and internal and external validators

NN invests in an inclusive, inspiring work environment and in skills and competences for the future. We match this with employee benefits that are in line with what is needed today and in the future. This way, we offer our employees the opportunity to get the best out of themselves. We offer you:

• Salary between €3.783 and €6.375 depending on your knowledge and experience, this is based on a 36-hour work week (but 40 hours is also possible)
• 13th month and holiday allowance are paid with your monthly salary
• 27 vacation days for a 5-day working week and one Diversity Day
• A modern pension administered by BeFrank
• Plenty of training and learning opportunities
• NS Business Card 2nd class, which gives you unlimited travel, also privately. Do you prefer to travel with your own transport? Then you can declare the kilometres travelled
• Allowances for setting up your home office and for internet use

We work hybrid at NN. Together with your team, you decide where, how and when you work. The official location of this job is The Hague.

You have strong analytical skills and can see the big picture. You have excellent communication skills to connect with different stakeholders and make complex matters accessible and applicable in practice. Additionally, you have the following qualifications:

• A Bachelor’s or Master’s degree in Economics, Finance, Information Systems or a quantitative field
• At least 3 years of relevant working experience in the financial industry sector (experience with mortgage products is preferred)
• Proven experience with Azure Databricks, Python, Spark SQL and/or version control software (qualifications are preferred)
• Knowledge of regulatory and business requirements for Credit Risk (e.g. AIRB, IFRS9, Stress testing) and ALM Risk models and related calculations (e.g. Definition of Default)
• Professional communication skills in English (written and verbal), with the ability to communicate with (senior) management and the regulator
• Attention to detail and ability to identify data anomalies and follow-up with root cause analysis and monitoring
• Experience with DevOps way of working, including development, testing, and deployment of risk models and related applications

As a member of NN Bank's Data Management Office (DMO), you will work in the CRO domain, where our goal is to collect and deliver high-quality data to our customers in the finance and risk domain for risk modelling and formal reporting. The department is comprised of multiple DevOps teams responsible for managing the current formal reporting processes, as well as teams building a new data foundation for NN Bank.

The Model Factory teams within DMO work closely with the other model development, model validation and risk management departments in CRO to fulfil the bank’s regulatory requirements and internal ambitions to become a data driven A-IRB bank.

Our team consists of a diverse, international group of individuals with varying backgrounds and areas of expertise. We frequently organize social events and gatherings to stimulate team bonding and connection outside of work. These events help us to grow as a team, enhance collaboration and stimulate a positive work culture.

We bieden je

• NS Business card, ook privé te gebruiken
• 27 vakantiedagen en 1 Diversiteitsdag
• Volop training- en opleidingsmogelijkheden
• 13e maand en vakantiegeld

Waarom werken bij

• Support +20 miljoen klanten
• Sterk Nederlands merk
• Inclusieve werkgever
• Werken aan vitaal Nederland