Model Validator Tilburg • Achmea

Join a dynamic team at the heart of Achmea Bank's operations. As a Model Validator, you'll lead the validation of IRRBB models and engage in various projects. Collaborate with the team to analyze outcomes, make recommendations, and report to senior management. You'll also contribute to refining policies and procedures. This role offers the chance to grow in market risk and model management, while working with diverse experts. Embrace the opportunity to challenge models and enhance your skills. Continue reading to find out why this challenge is waiting for you.

Models have a profound role within Achmea Bank, they are becoming more complex and important for the bank’s operations and decision making, and they are often subject to a dynamic regulatory environment and supervisory scrutiny. Model Validation plays a critical role in the bank’s risk management by assessing, at different phases of the Model Life Cycle (development, implementation, use), whether a model meets the applicable internal and external requirements.

The Model Validation team of Achmea Bank is responsible for validating all important models used at Achmea Bank, including the A-IRB, IFRS 9 and IRRBB models. We help the organization gain more insights into model risk and also support the model management processes, such as the model risk assessment and model risk reporting. Since the set-up of the team in 2024, we are growing into the full range of our responsibilities and pursuing constant improvement in our processes and activities.   

As a Model Validator you will take a leading role in validating IRRBB models and have the chance to participate in other validation projects as well. You will carry out or supervise validation tasks performed independently and in line with internal guidelines and applicable regulations. You will cooperate with the other model validation team members in analyzing validation outcomes with a view to translating these into validation findings and recommendations, communicate with model stakeholders, and also contribute to and finalize reporting of validation results and conclusions addressed to senior management. You will contribute to and take initiatives in the ongoing reviews of validation and model management policies and procedures. You will also participate in model management activities, such as the preparation of relevant model risk assessment and reporting.

You want to join to a new and diverse team of experts and add value especially in the area of market risk. You want to work on and expand your experience in different model types and broader model risk management. You are prepared to effectively challenge the models and to defend your point of view in a factual manner, and, in doing so, help the organization recognize and manage model risk.

 

In 2024, Achmea Bank established a separate and independent Model Validation team within the 2nd line Risk Management function, with a view to strengthening its model risk management capabilities and specialization in the area of risk models used at the bank. The team is responsible for validating all important models used at Achmea Bank, including the A-IRB, IFRS 9 and IRRBB models, and also supporting the bank’s model management processes.
Since it was set up last year, the team is growing into its full range of responsibilities, and, looking ahead at those, is currently looking to add two new members. The team consists of young and dynamic risk experts of diverse backgrounds, and is among the forerunners within the organization in being international. The team works fully hybrid, while promoting coming together once or twice a week at the office in Tilburg.
People differ, fortunately. We believe that diversity helps us to come up with the best solutions. Every day, we therefore work on an even more diverse and inclusive environment, in which everyone is given the space to be themselves. Together we work on a healthy, safe and sustainable society.