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Senior Business Consultant job in Amsterdam

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Amsterdam ABN AMRO NL

Job Ref:  6613
Employer:  ABN AMRO NL
Sector:  Banking & Finance
Qualifications:  Senior Qualified Actuary
Software:  SQL
Job Type:  Full Time
Salary and Benefits:  Competitive
Remote:  No

Location

Country:  Netherlands
City:  Amsterdam
Post Code:  Not specified
Map: 

Description

At a glance

The Financial Risk (FR) Grid (200+ FTE) is part of the FRBG department and is responsible for the change and operational activities supporting the Basel Chain, IFRS9 Chain, associated Model implementation and Financial Restructuring and recovery, Credit Risk- and Central Risk Management processes.

To maintain and improve regulatory compliance and to support strategic Finance and Risk ambitions it is instrumental that the change activities within the Financial Risk Grid are managed effectively and efficiently. The Value Proposition team is a key part of the Financial Risk Grid. As a member of the Value Proposition team, you are responsible for optimizing change implementations for the Financial Risk Grid. This is achieved through translating Finance and risk-related business and regulatory requirements into concrete improvement proposals that can be executed by the different change teams. You closely work together with stakeholders across the Bank including Client Units, Credit Risk, and Finance Reporting to develop strategies, interpret regulations and requirements, set priorities, and drive achieving tangible results.

Your job

As a Business Developer in the Value Proposition Team Financial Risk, you are responsible for one or more (regulatory) change implementation/improvement areas of the Financial risk grid. You are the first point of contact for the assigned topic from the Financial Risk Grid towards the rest of the organisation (Risk, Business units, IT), regarding required changes in business- and regulatory requirements. Your key responsibility is to assess the impact of such changes, prepare implementation solutions, and are closely involved in the implementation- and execution. These implementation solutions target the processes and applications supporting the IRB model implementation, Basel Chain, IFRS9 Chain, Stress Testing, and the associated calculators (models) for these areas. Your advice and deliveries directly affect the regulatory compliance, profitability, and capital position of the Bank.IRB & IFRS9 model implementations are key parts of the topics within the FR Grid. These models form the basis for loan approval, pricing, performance management, and regulatory capital. In preparing and aligning your advice you closely collaborate with stakeholders including Regulatory Experts, Finance, Risk Management, and Business units. The activity of the team relies on strong knowledge of the CRD/CRR/IFRS9 and other areas of related regulation, in particular from the perspective of implementing these changes. You contribute to realise the future Finance and Risk landscape so that we continuously improve the speed with which we can respond to requests from our Business stakeholders and Regulators. It is a widely defined role. Dependent on specific assignments, the scope of business advisory services provided by the team can vary between generic coordinating and in-depth specialisation.

Working environment

As a member of the Value Proposition team you are responsible for optimizing change implementation for the Financial Risk grid. This is achieved through translating Finance and Risk related business and regulatory requirements into concrete improvement proposals that can be executed by the different change teams. You handle one or more topics of implementation in the credit risk value chain and actively involve yourself in solutioning, monitoring progress on the execution of the proposals. You closely work together with stakeholders across the Bank including Client Units, Credit Risk, and Finance Reporting to develop strategies, interpret regulations and requirements, set priorities, and drive achieving tangible results. In addition, you support the Value Delivery Teams with solution designing of complex changes that cut across the value chain, working together with solution design and regulatory specialists in multiple fields in the value chain. You are the linking pin between design and implementation by guiding questions from implementing grids and programmes. As a team, we rely on each other to deliver results. Where possible we stimulate this by working together on assignments in smaller groups which enables us to learn, inspire, and improve.

Your profile

  • 10+ years of working experience in quantitative analysis, preferably within risk modelling in banking and finance;
  • Master's Degree in Economics, Finance, Business Administration, Exact Sciences or comparable level;
  • Good knowledge of credit risk and regulations, modelling, banking products, financial institutions and risk management;
  • Proven experience and interest in Financial Risk processes and leading support of the Financial Risk processes and chains;
  • Experience with working with experts in regulation, modelling and IT;
  • Strong written and verbal communication skills in English;
  • You have a structured way of working and can translate strategic views and plans into concrete execution;
  • Plus: Quantitative academic education (Master's Degree or PhD) in a relevant field, like econometrics, mathematics, actuarial studies or physics;
  • Plus: Experience with data analysis tools such as SQL.


Key Challenges

  • Ensuring consistency of data for the various reporting chains (e.g.: Basel chain, IFRS9 chain, COREP/FINREP reporting);
  • Establishing system and data infrastructure to develop and run Risk models (AIRB, IFRS9 & Stress Testing) in alignment with internal policies and regulations models;
  • Implementing frameworks and controls on regulatory implementations to ensure control and ensure continuous monitoring and evidencing of adherence to policies and regulations;
  • Aligning on priority, capacity allocation, and skill-set across the value chain in cooperation with stakeholders;
  • Transforming the team to adapt to new ways of working and enhance regulatory knowledge;
  • Developing and maintaining a transparent relationship with all stakeholders that are part of the Basel, IFRS9, and Stress Testing Chains;
  • Aiming for a balanced representation of the interests of the bank, supervisors, and other stakeholders within the applicable processes and procedures, external legislation and regulations, and internal policies;
  • Making solution proposals without losing sight of the practical delivery.


We are offering

  • The gross monthly salary displayed above is based on a 36-hour work week, including vacation pay and benefit budget.
  • The Benefit Budget is 11% of your salary. The Benefit Budget allows you to acquire additional employment benefits. If you make no purchases or reservations in the Benefit Shop in a given month, you are paid one twelfth of your Benefit Budget that month.
  • Five weeks of vacation per year. You have the option to purchase an additional four weeks per year.
  • Personal development Budget of € 1,000 per year, which you can accumulate up to € 3,000.
  • Possibility to work from home (in consultation with your team and depending on your position).
  • An excellent pension scheme.


Interested?

Are you interested? Then apply now and tell us what makes you unique, we are looking forward to meeting you! For any additional information, contact Anisha Menon via anisha.menon@nl.abnamro.com. Apply directly via our website to upload your application letter and resume.

Disclaimer external recruitment agencies

External recruitment agencies need to have a signed agreement with ABN AMRO BANK N.V., executed by a Talent Acquisition Specialist, when submitting a resume to a vacancy. No unsolicited services or offers, please.

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