Senior Financial Risk Modeler
Together we develop, control and review our financial risk models. An important task, to make sure we manage all risks when it comes to the capital of NN.
Your impact as a Senior Risk Modeler at NN
Your most significant task is managing our various financial risk methodologies, which should secure that we work within the Solvency 2 guidelines. Because of your broad experience and project management skills, you lead and coordinate regular model reviews for centrally developed components of our Internal Model aligning with all relevant stakeholders, including business units and the Group Model Committee. Next to this, you also work on the models yourself improving the modelling continuously and providing creative and practical solutions to Model Validation issues. You also contribute to strengthening the overall company-wide model governance by designing, facilitating implementation and monitoring of policies and minimum standards. Whenever business units or other staff departments require our support on the risk models, we provide our expertise and guide them in using the internal model for optimising the market risk profile and managing these risks..
What your modelling delivers
You will work with us to:
- Solve issues in no-time to demonstrate to internal and external auditors that our risk models are fit for their purpose
- Lead the way when it comes to financial risk modelling
Here at NN, care is a core value – care for our customers as well as our employees. You care for our customers’ needs, and as your employer, NN cares for yours. We offer excellent development opportunities and a pleasant working environment. For your career development, we offer you:
- On-the-job training and vocational training via our Learning & Development Centre
- Industry-specific conferences (both in the Netherlands and internationally)
- In-house training
- Various opportunities to develop your expertise or grow into a management position
Our Risk Models team is part of the Financial Risk Management department within NN Group Risk. We are responsible for setting and maintaining all central financial risk methodologies. This includes development and calibration of the financial risk models, monitoring ongoing appropriateness, as well as owning the methodology on how the shocks resulting from those models are applied to the balance sheet by means of asset modelling and replicating portfolios of the liabilities.
Next to development and calibration of risk models, close interaction with business units, senior management and our investment office are important responsibilities of the department. We work closely together during the review of model components to make sure the model accurately reflects our risk profile, but also support these departments in using the models to manage risks and take decisions. As part of the interaction with the Dutch and international business units, the Risk Models team runs the Model Board, and visits business unit management teams to help them understand the models. Finally the team works closely together with the different departments within Group Risk.
We are a small team of six young professionals that work closely together for our bigger purpose. But at the same time, we work on our independent tasks. We start our week with a stand up to check in with each other and get a perspective on main challenges in the coming week. Our work atmosphere is fun and informal. We like to get together outside the workspace for a spontaneous drink or other group activities.
Thanks to your efforts, we make our financial services relevant and more personal.
You help us go above and beyond when providing the very best customer service. We believe in the importance of customer satisfaction and consistently serving our customers to the best of our abilities. They are the core of our company values and our most important motivator. As a company, we have set up several subsidiaries as we have grown: NN, NN Investment Partners, Nationale-Nederlanden, OHRA, ABN AMRO Insurance, BeFrank, Zicht, AZL and Movir.
We offer you modern employment conditions and generous employee benefits. For example, you have the option of taking extra vacation days. We are also working towards implementing Choose your Own Device. You will receive your holiday allowance with your salary every month, without restriction and readily available to you. As a Risk Modeler, you will work from our head office located in The Hague, which offers an easy connection via the A12. The beach is just around the corner, and we have our very own FIT20 and private NN Café. What more could you want?
Critical skills of a Senior Risk Modeler
Your sense for communication is instrumental while documenting your work. It also comes in handy while defending your work to all of our stakeholders. Since everything is continuously changing, flexibility is a must. You can switch instantly, and stress never takes over. You are fluent in English, and the language of analytics knows no secrets from you either. Programming skills and knowledge of R and/or Matlab is required.
Preferably you have:
- A MSc in Econometrics, Actuarial Science or similar education
- A minimum of 7 years work experience
- Relevant experience in Risk Management
- Strong quantitative mindset
Commit to NN
Are you ready to combine your leading, analytic and communicative skills and manage all our financial risks? Then we would like to meet you. Upload your resume via the apply button.
Do you have any questions about the job? Then please call Hristina Lokvenec-Guleska (Head of Risk Models) via +31 (0)6 11045413.