For a bank in Amsterdam we are looking for an interim financial risk manager to strengthen second line risk management team. Your main focus will be on credit and climate risks, but since you are part of a small team you will be confronted with the broad spectrum of financial risks.
Start: Asap
Duration: 6 months
Responsibilities Interim Financial Risk Manager:
• You will deal mainly the credit and climate risks in our investment portfolios. Different from traditional banks, the organisation does not originate loans and exposures itself, but has contracts with third parties that originate loans that have to comply to our lending framework.
• Our main exposure is to residential mortgages and MKB loans, both directly and through loans to special purpose vehicles (securitisations), and government bonds.
• Work closely together in which Investment Management (first line) and risk management (second line) to identify new asset categories to invest in, and “onboard” these in a controlled manner. This means you make sure we identify all the risks involved, and create an appropriate risk framework to manage these.
• The Investment Management and Treasury team manage the financial risks. As a second line risk manager, you will be responsible for the risk framework (such as financial risk policies and procedures, risk appetite statement) they have to operate within. You will have to make sure this framework meets the regulatory (DNB and EBA) requirements and guidelines.
• You will be monitoring the credit risk profile through producing and interpreting our credit risk dashboard (reporting), and present this to our Credit and Climate Committee. You will be performing risk analyses on new trends and risks in our portfolio.
• An significant part of your job will be to produce regulatory reports such as ICAAP, SREP stress testing and the recovery plan. You will also be involved in on-site inspections from DNB and resolving any findings they may have.
• We operate under the regulatory Standardised Approach, but we use models and methodologies for monitoring and stress testing purposes and ECL calculations (PD, LGD and EAD). Therefore, you will need to have quantitative skills to maintain and improve our models and methodologies, and review the models we use. You do not have to be a “quant”.
• Since we are growing and developing, you also participate in various projects to improve the data quality on our data platform and to automate and develop our risk reports.
• Besides credit risk, interest rate and liquidity risk are also important. Therefore you may also function as the back-up and sparring partner on these risk domains. As stated previously this is a versatile position.
Requirements Interim Financial Risk Manager:
• Higher education with a quantitative affinity
• Sound knowledge of credit risk analysis
• About 5 years (medior) or 10 years (senior) of relevant working experience, within the financial sector
• Analytical skills and an eye for detail
• Strong communication skills, both oral and written
Interested and available? Apply directly!
