Senior Model Risk Manager

At a glance

The Model Risk Management & Model Validation (MRM & MV) department is a culturally diverse team of model risk experts based in Amsterdam, responsible for the management and independent validation of all models used across the bank. 

As a Model Risk Manager you play a key role in the execution and peer-review of model validations within your assigned domain. You help ensure models are conceptually sound, data-driven, compliant, correctly implemented, and transparently governed. Alongside validation, you contribute to model risk management activities such as model discovery, tiering, inventory management, issue tracking, and agenda setting for Model Approval Authorities. 

You are an experienced model risk practitioner who brings analytical depth, risk awareness, and strong communication skills. You translate regulatory and internal expectations into clear assessments and actionable recommendations for model owners and senior stakeholders. 

This role reports to the Head of Non-Retail Credit Model Risk. 

Your job

As a Model Risk Manager, you support the consistent execution of the Model Risk Management Framework within your domain. You perform independent validations and peer‑reviews, monitor outstanding findings, structure governance materials, and ensure transparency and compliance in line with supervisory expectations. 

You synthesize validation outcomes into clear conclusions that inform model approval decisions, and you contribute to ensuring models remain fit‑for‑purpose throughout their lifecycle. You play an active role in maintaining the model inventory, supporting model discovery, and organising governance agendas so decisions are made on time and with the right information. 

You work closely with model developers, model owners, business representatives, and senior stakeholders to ensure robust independent challenge and strong risk management practices. 

Key activities 

• Model Validation & Review: Execute and peer-review model validations within the assigned domain, including: 
  • Assessing data quality used for prototype model development.
  • Examining correctness and conceptual soundness of modelling methodology and assumptions.
  • Forming objective opinions on model performance.
  • Assessing compliance with internal policies and external regulatory expectations.
  • Checking correct implementation of models in the production environment.
  • Communicating results clearly and constructively to stakeholders.  
  • Leading projects and coaching colleagues. 
• Model Risk Management Activities:
  • Conduct model discovery and model tiering.
  • Track outstanding model-related findings and ensure timely assessment and closure.
  • Identify and signal issues, emerging risks, or structural weaknesses via validation and oversight work.
  • Maintain the model inventory and ensure accurate, complete registration of model attributes.
  • Prepare and manage agenda setting for relevant Model Approval Authorities, ensuring decision-makers receive high-quality, complete, and timely information.
• Collaboration & Communication: 
  • Engage with model owners, first‑line developers, risk departments, and governance stakeholders.
  • Provide transparent and well‑reasoned input to validation teams and domain experts.
  • Support continuous improvement of processes, documentation, and standards.  

Key Challenges & Outcomes  

• Contribute to the shift from a validation-centric view to an integrated Model Risk Management perspective.
• Enhance transparency and discipline in model inventory management and issue tracking.
• Support risk-based prioritisation and improved decision‑making through high-quality governance materials.
• Strengthen the challenges applied to model development, monitoring, and use across the model lifecycle.
• Support improvements in model risk processes, tools, and reporting. 

Working environment

The Non-Retail Credit Model Risk department is part of ABN AMRO’s Model Risk Management & Model Validation (MRM&MV) department. There are three other model risk teams within the MRM&MV department: Financial Markets Model Risk, Retail Credit Model Risk, AI & Analytics Model Risk. 

Your profile

Experience: 

• Academic degree (Master’s preferred) in a quantitative, technical, financial, or related field. 
• Several years of experience in model validation, model development, quantitative risk, or model risk management. 
• Demonstrated ability to analyse models, understand methodology, and challenge technical assumptions. 
• Familiarity with regulatory expectations for model risk and model governance. 
• Experience working with stakeholders across multiple risk and business areas. 
• Experience with leading projects and coaching collagues. 

Personal Skills: 

• Strong analytical thinker with excellent judgment and risk awareness. 
• Skilled communicator able to switch between technical detail and strategic context. 
• Motivated team player with credibility and constructive challenge. 
• Structured and rigorous in documentation, reporting, and issue tracking. 
• Able to prioritise effectively and manage multiple reviews simultaneously. 
• Professional stakeholder manager, open to feedback, collaborative, and focused on outcomes. 
• Eager to develop further into a senior model risk role. 

Behaviour we want to see within Risk Management 

• Debate, debate, decide: Gain different perspectives on impact throughout the value chain. Then take the decision, accept the decision and respect single accountability & responsibility. 
• Keep it simple: Start with the goal, set well-defined requirements, proactively address dependencies, seek feasibility in plans and don’t overpromise. No abbreviations. 
• Embrace Good: Don't go for perfect, do what’s right and compliant. 
• From being nice to being kind: Ask and act on feedback, be open about the good, bad and ugly. Reflect, adapt and move forward. 
• No excuses – stay the course: Take the lead, own it. Act quickly, standardize progress updates to ensure timely support and escalate. 

We are offering

We believe it is important to be a good employer. Joining us means stepping into a role with impact, supported by excellent employment conditions that foster your job satisfaction, development, and wellbeing. 

In addition, we offer: 

• An attractive gross monthly salary based on a 36hour work week, including holiday allowance and a flexible benefit budget. 
• An excellent pension scheme, ensuring that you are well prepared for the future. 
• Flexibility in working: working from home is possible in consultation with your team and depending on your role. We will provide an ergonomic home office setup for you. 
• Plenty of room for relaxation with five weeks of vacation per year, supplemented by two mandatory days off. You can also purchase up to four additional weeks of vacation annually. 
• Five “Banking for better days”: extra days off that you can use for personal development or volunteer work. 
• Personal development is key: you receive a development budget of €1,000 per year, which can accumulate up to €3,000. 
• An annual public transport pass with free public transportation throughout the Netherlands for both business and private use.

You can find more information about our employment conditions and salary scales in our Collective Labour Agreement (CLA), which applies to this vacancy. 

Interested?

At ABN AMRO, we use our knowledge, expertise and network to help our clients within and outside The Netherlands achieve their goals based on responsible decisions. Our clients’ interests always come first. We want clients to understand our products, and we sometimes say ‘no’ if a product involves a risk that is too high for the client. Putting clients’ interests first also means communicating in plain language and crafting smart solutions that genuinely make a difference. That is our goal. 

We are ongoing recruiting highly skilled people who can reinforce our team. We are happy receiving your application if you think you meet the recruitment criteria. The interview process consists of multiple interviews in which we focus on your experience, skills and knowledge. Besides that we are also interested to learn more about you; what thrives you, what do you consider as your qualities and area(s) of development. 

Your Future: Inclusive, Innovative, Sustainable

At ABN AMRO, we believe in "Banking for better, for generations to come." Equal opportunities for everyone are a crucial foundation, as we strive for an inclusive culture where all employees feel seen, heard, and valued. Our vision of being a personal bank in the digital age aligns perfectly with the demand for surprising insights and innovative solutions, born from a diverse interplay of cultures and experiences. We focus on customer experience, sustainability, and building a future-proof bank, conducting annual reviews to ensure equal pay for equal work. Join a bank that embraces ingenuity and ambition, and make an impact with us for a better future. 

If you want to apply for the B-Able or Reboot program, make sure to mention it both in the title and the content of your resume. 

Disclaimer external recruitment agencies

External recruitment agencies need to have a signed agreement with ABN AMRO BANK N.V., executed by a Talent Acquisition Specialist, when submitting a resume to a vacancy. No unsolicited services or offers, please.