Model Risk Manager

This is what we offer you

• Salary: Gross monthly salary between EUR 4,931 and EUR 7,043 (scale 09) for a 36-hour work week.
• Extras: a thirteenth month, 8% holiday allowance, and a 10% Employee Benefit Budget.
• Development budget: EUR 1,400 development budget per year for your growth and development.
• Hybrid working: a balance between home and office work (possible for most roles).
• Pension: decide for yourself the amount of your personal contribution.

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Model Risk Manager

At Rabobank, models are the backbone of our digital transformation, regulatory compliance, and key banking processes such as client due diligence, pricing, capital positioning, and stress testing. They empower us to achieve more with less, more lending and enhanced client journeys with less capital. However, models inherently carry risks.

This is where Model Risk Management (MRM) plays a crucial role. MRM maximizes the benefits of models and advanced analytics, enabling accurate decision-making, regulatory compliance, and protection against financial and reputational losses. MRM ensures across the entire bank that models are fit for purpose, accurate, used as intended and meet both internal and external expectations through validation activities, business advisory, and mature model risk governance and oversight. MRM is organized into three portfolio domains (Financial Markets & Treasury, Core and Non-Financial) to ensure proper model risk management within each area and one Model Risk Strategy (MRS) domain for overarching model risk governance and oversight.

We operate in an environment characterized by rapid technological advancements, regulatory complexities, and shifting market dynamics. These trends create conflicting priorities, necessitating an adaptable and future-fit workforce, as well as scalable and sustainable ways of working. Therefore, we need dynamic, adaptable and business oriented partners to ensure the MRM department remains resilient, mature and future fit.

If you are a visionary end-to-end model risk manager, dedicated to managing the model lifecycle while harmonizing business value with risk management objectives, we encourage you to apply and contribute to this transformative journey in the MRM Financial Markets & Treasury domain. Your expertise and commitment will be pivotal in securing the bank’s success and its license to operate, empowering you to make a strategic impact in a rapidly evolving model landscape.

You and your job

A dynamic and business-focused Model Risk Manager with a proven track record in executing model risk management, including validation activities. The ideal candidate is a strategic thinker with strong stakeholder management skills and the ability to translate business insights into effective model risk management. You will orchestrate the complete model lifecycle, ensuring that the models are robust, compliant, well understood and within risk appetite and capable of potentially adding business value. You possess a balanced skill set that includes a technical background, effective communication, project and stakeholder management and business acumen. You will excel at fostering collaboration across departments and ensuring that model risk management aligns with broader CRO strategy and objectives.

Practical Examples

Lead 2nd line model risk management activities throughout the model lifecycle with a focus on:

• Creating added value for the business and bridging business knowledge within the model risk domain.
• Stakeholder and project management.
• Balancing insights combining regulatory, sustainability and business needs.
• Business partnership towards fit-for-purpose models.

Facts & Figures

• 43,822 Rabobank colleagues around the world.
• Exposure to all the risk types across the bank.
• 36 hours per week.

Top responsibilities

• Oversee model risk management throughout the entire model lifecycle, ensuring appropriate model quality, regulatory compliance and alignment with business insights and requirements.
• Lead and execute model validations, ensuring compliance with regulatory requirements and internal standards.
• Build and maintain strong relationships with a wide range of stakeholders, including business representatives, 1LoR, and 2LoR risk management partners.
• Ensure balanced reporting and accuracy and quality of model validation reports, providing actionable feedback and recommendations for improvement.

Together we achieve more than alone

We believe in the power of difference. Bringing together people's differences is what makes us an even better bank. So, we are very curious about what you can bring to our team at MRM.

We work together as an effective, purposeful, passionate and results-driven team at Rabobank. Rabobank is a Dutch bank with a global presence in 38 countries, serving over 9.5 million customers. Together with our members and partners, we work toward a world where everyone has access to healthy food and a Netherlands where people thrive in how they live, work, and do business.

You and your unique talents

You possess a strong sense of responsibility and are motivated by delivering results. You can manage diverse stakeholders, understand the needs of each stakeholder, and develop win-win solutions. You:

• Hold a Master’s or PhD degree in a quantitative discipline (e.g., Mathematics, Econometrics, Finance).
• Have 3+ years of experience in banking and quantitative risk management, preferably with exposure to Financial Markets and/or Treasury models.
• Demonstrate strong leadership, collaboration, and stakeholder management skills, effectively aligning diverse stakeholders to achieve shared outcomes and maintain trusted relationships.
• Have a strong understanding of regulatory frameworks and compliance requirements related to model risk management in the financial services industry.
• Communicate clearly and persuasively, translating complex and technical topics into understandable messages for diverse audiences.
• Exhibit adaptability and a proactive problem‑solving mindset, thriving in dynamic environments while managing multiple priorities and driving continuous improvement.
• Have a proactive mindset, with the ability to balance detail, timelines and business priorities in project planning and execution.
• Have excellent English communication skills, both in writing and in oral communication.

This is a role suitable for Grade 9 on a 36-hour working week. You can find all terms of employment on rabobank.jobs/en/conditions-of-employment.

You and the job application process

Reply to the vacancy for Model Risk Manager at Rabobank before the 15th of April 2026.

• Any questions about the job content? Contact: Cor.van.Loon@rabobank.com
• Any questions about working at Rabobank and the process? Contact Joris Opdam, Corporate Recruiter Risk Management via Joris.Opdam@rabobank.nl
• We will hold the interviews face to face.
• You can find answers to the most frequently asked questions on https://rabobank.jobs/en/faq/.
• A security check is part of the process.
• We respect your privacy.

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