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Junior Regulatory Expert with focus on Implementation

We are looking for a junior colleague in the RWA Oversight team of ABN AMRO’s Model Ownership & Data Management Department (MODM). The main role of this department is to act as owner of credit risk models and RWA implementation from a 2nd Line of Defense perspective. Within the MODM department our RWA Oversight team oversees the implementation of pillar I credit risk requirements in systems and processes. The team monitors and reviews the progress of the 1st LoD implementation teams and projects and prioritizes their efforts where relevant. In particular your role is to challenge the implementation teams in their progress of implementing regulatory requirements in IT systems. As a young professional the role offers a broad range of learning opportunities on content knowledge, skills and behavior.

Your job

You are evaluating an assessing the implementation of requirements on implementation of RWA and other credit risk metrics from a content perspective. To this end you will be contributing to the interpretation of regulatory requirements and discussions about the implementation. For complex interpretation discussions on regulation you can rely on regulatory experts in other teams. While one of the other teams in the department sets requirements and data definitions, you ensure that these are well understood by all parties in the organization. You are working closely together with colleagues in your own team, the requirements setting team, IT teams and regulatory experts.

The implementation teams are currently implementing new software to calculate RWA, re-arranging systems and data in relating to changes in the model landscape, re-structuring the architecture of the RWA chain, and preparing for Basel IV. You will become knowledgeable about these developments to provide tangible guidance to their work. As part of your activities, you will also be looking into data and sometimes into the coding of systems, but as a 2nd Lod team our focus is to ensure compliance with regulations.

The team is leading in setting the long term strategy for improving the RWA chain and in the assessment of appropriate tactical solutions. As one of the other teams in the departments sets requirements and data definitions, you ensure that these are well understood by all parties in the organization. To fulfil your role you will need to develop a good understanding of the CRD/CRR framework, as well as basic knowledge of the accounting framework. You will focus on implementing requirements in systems, and gain hands-on experience in evaluating the quality of implementation.

Working environment

The MODM department comprises of five teams, focusing on the ownership of pillar I credit risk models, RWA and Segmentation Implementation, Requirements Setting and organizing Data Management. MODM is part of the Credit Risk division, which form the 2nd Line of Defense of credit risk management. With the Credit Risk division MODM is one of the shared capabilities, which means that we are aiming to share knowledge with other departments. In particular we support our colleagues in ownership of models and RWA implementation, setting (data) requirements and organizing data management. The vacant position offers opportunities to develop your knowledge of the CRD/CRR framework in a focused context on regulatory requirements.

Young professionals (typically 1-2 year work experience) within MODM are included in junior groups during an 18 month program. As part of this program we structure learning opportunities, including frequent classic learning on content, as well as coaching on skills and behavior. The participants in the junior group are working in the regular teams within MODM. Your assignment to projects and specific activities varies over time. MODM’s third junior group starts in Autumn 2022.

Your profile

You are a great candidate to become our new colleague, if you meet the following description:

• Do you have an academic education in a relevant field?
• Are you a fast thinker that can work on detailed questions as well as overarching challenges?
• Do you have 0-5 years working experience in a relevant position?
• Are you familiar with the basic notions of banking, and the Basel/CRD&CRR framework?
• Do you have excellent communications skills, especially in writing? (fluency in English is required)
• Are looking forward to stakeholder management discussions?
• Can you show pro-activity in discussions?
• We will evaluate candidates based on their individual qualities and their added value to the skills, knowledge and diversity of the team.

We are offering

• The opportunity to be the best you can be, work flexible hours and lots of room to grow both personally and professionally
• A salary that depends on our assessment of your expertise and qualifications
• A supplementary benefit budget of 11%, which you can spend on additional fringe benefits
• A personal development budget of EUR 1.000 per year
• An annual public transportation pass or travel budget, depending on the function
• A solid pension plan

Interested?

If you are interested in this position, please apply via de apply button.

Equal opportunities for all

The success of our organisation depends on the quality of our people and the ideas that they have. Truly surprising insights and innovative solutions for our clients result from an interplay of cultures, knowledge and experience. Diversity is therefore extremely important to our organisation. To ensure that everyone at ABN AMRO can develop their talents, we encourage an inclusive culture in which all colleagues feel engaged and appreciated.

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. In addition, a recruitment agency can only submit a resume when invited by a Talent Acquisition Specialist to join the search for a right candidate. All unsolicited resumes sent to us will be considered property of ABN AMRO BANK N.V. In this case, ABN AMRO will not be held liable to pay a placement fee.

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