Model Risk Quant

At Rabobank, models are at the heart of our digital transformation, regulatory compliance, and critical banking processes—from client due diligence and pricing to stress testing. These models enable us to do more with less: more lending with less capital, and better client experiences with smarter tools. But with great power comes great responsibility—models also carry risk.

That’s where Model Risk Management (MRM) comes in. We ensure that models across the bank are fit for purpose, accurate, and used as intended. Through rigorous validation, business advisory, and robust governance, we help Rabobank make sound decisions, stay compliant, and protect against financial and reputational loss.

You and your job

As a Model Risk Quant in the Non-Financial Model Risk domain, you will focus on validating and assessing models used in Financial Economic Crime (FEC), Fraud & Conduct, and HR. These models are increasingly data-driven and complex, requiring a strong quantitative foundation and a growing understanding of the business context in which they operate.

You’ll be part of a dynamic and international team of around 15 direct colleagues, representing a wide range of nationalities, academic backgrounds, and levels of experience. This diversity fosters a collaborative and inclusive environment where knowledge-sharing and learning from one another are part of everyday work.

At MRM, we strongly value cross-collaboration. While your initial focus will be on Non-Financial Model Risk, there are opportunities to contribute to validations in other domains—such as Credit Risk, Market Risk, and AI models—as you gain experience. You’ll also have the chance to deepen your understanding of model risk management across the bank, including involvement in strategic initiatives and exposure to different types of models and regulatory frameworks.

Facts & Figures

• 43,822 Rabobank colleagues around the world;
• Exposure to all the risk types across the bank;
• 36 or 40 hours per week.

Top responsibilities

• Validate models to ensure they are robust, compliant, and aligned with business goals.
• Assess data quality, model assumptions, and performance metrics.
• Use advanced analytics and machine learning to enhance validation techniques.
• Write clear, insightful validation reports for diverse stakeholders.
• Collaborate with Model Risk Managers and developers to align with internal frameworks and regulatory expectations.

Together we achieve more than alone

We believe in the power of difference. Bringing together diverse perspectives makes us a better bank. At MRM, we work as one purposeful, passionate, and results-driven team. We’re curious about what you can bring to our team.

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 are eager to learn, take ownership of your work, and are motivated by making a meaningful impact. You enjoy working with others, are curious about solving complex problems, and are open to feedback and growth. You bring:

Key behaviours:

• Analytical thinking and critical evaluation;
• Clear communication;
• Proactive problem-solving;
• Strong attention to detail;
• Affinity with stakeholder management;
• Regulatory awareness and business acumen;
• Innovation mindset and openness to new technologies.

Key skills:

• Hold a Master’s degree (or PhD) in a quantitative discipline such as Mathematics, Econometrics, Data Science, or Finance;
• You have excellent English communication skills, both in writing and in oral communication;
• Some experience or exposure to banking, data science, or quantitative risk management;
• Strong interpersonal skills and the ability to communicate technical findings clearly to both technical and non-technical stakeholders;
• Proficient in Python or a similar programming language;
• Familiarity with tools and technologies such as Jupyter, Git, cloud-based environments (e.g., Azure), and query languages like SQL is a plus.

This is what we offer you

• Gross monthly salary between €3,869 and €5,526 (scale 08)
• Thirteenth month's salary and 8% holiday allowance
• 10% Employee Benefit Budget
• EUR 1,400 development budget per year
• Hybrid working: balance between home and office work (possible for most roles)
• A pension, for which you can set the maximum amount of your personal contribution