Senior Model Validation Officer

The Hague
€ 5.923 - € 10.058 per maand
Gepubliceerd op

Within the Model Validation team (MV) we are looking for a  Senior Model Validation Officer. If you are looking for a position in which you can have impact on the models that are used within NN and you enjoy to work in a close team, then this is the right opportunity for you!

Within the Model Validation team (MV) we are looking for a  Senior Model Validation Officer. If you are looking for a position in which you can have impact on the models that are used within NN and you enjoy to work in a close team, then this is the right opportunity for you!

What are you going to do?

As Senior Model Validation Officer, you have an impact on the models that are used within NN for the Insurance and Banking business. Together with your colleagues of Model Validation, you are in charge for independently validating risk-, cash flow-, valuation-, pricing- and hedging-models/method with a primary focus on the Solvency II related regulation. As part of the overall model risk management process, MV provides model risk qualification as input for model risk management decisions, whilst ensuring adherence to the model risk standards from an internal and regulatory perspective.

MV issues detailed validation reports with qualifications of the identified model risk, thereby highlighting the main weaknesses and limitations of a model. Validation reports contribute to an on-going model development by issuing recommendations and improving the model risk management cycle. A few of your responsibilities;

  • Independent technical review of applied quantitative methods and calculation tools having a material impact on figures that are used as management- / steering information to run the business or figures that are published externally. This includes all underlying models, like data processing models, assumption models and aggregation models. You are responsible for an effective technical review of a number of moderate and complex models, work according to planning, check progress versus planning and report when this deviates, thereby showing a self-reliant attitude.
  • High quality validation reports; These reports encompass both a quantitative and a qualitative assessment of a model, containing a mix of conceptual soundness & developmental evidence, outcome, data quality, model governance, implementation and performance analysis. You are responsible for the delivery and guarding of high quality validation reports in an effective manner.
  • Advice; The validation report includes an advice to various stakeholders and committees whether a particular model is (not) fit-for-use for a given intended use with specific recommendations for further improvements, that are concrete/practical for model owners and developers to follow up on. You are able to present MV’s independent advice to committees and in meetings with stakeholders: i.e. Model Committees, the Management Board, the external accountant and the supervisor.
  • Model Validation Framework; All standards and policies are compliant and consistent with relevant regulatory requirements. Whilst fostering the internal model risk management attitude you contribute and are responsible for the delivery and validity of the Model Validation Standard. You are able to present any part of this framework to our main internal and external stakeholders.
  • Management; You are able to contribute to the optimal functioning of the MV team.

What we offer you

NN invests in an inclusive, inspiring work environment and in skills and competences for the future. We match this with employee benefits that are in line with what is needed today and in the future. This way, we offer our employees the opportunity to get the best out of themselves. We offer you:

  • Salary between €5923,- and €10058,- (based on 40 hours) depending on your knowledge and experience
  • 13th month and holiday allowance are paid with your monthly salary
  • 27 vacation days for a 5-day working week and one Diversity Day
  • A modern pension administered by BeFrank
  • Plenty of training and learning opportunities
  • NS Business Card 2nd class, which gives you unlimited travel, also privately. Do you prefer to travel with your own transport? Then you can declare the kilometers travelled
  • Allowances for setting up your home office and for internet use

NN is a very international company and if you come from abroad we have a lot  in place to help you make the transition to The Netherlands.

We work hybrid at NN. Together with your team, you decide where, how and when you work. The official location of this job is The Hague

What you bring

  • A Master’s degree in quantitative studies, like Econometrics, Mathematics, Actuarial Science, Physics, etc.
  • Over 10 years of experience in an insurance company as an actuary working on and using risk and cash flow models having strong knowledge of insurance products and/or quantitative modeller in the financial industry with a particular focus on asset/capital management modelling, preferably from a Model Validation perspective.
  • Your main drive is to deliver high quality work.
  • Quantitative intuition for oversight of modelling including ability to critically assess quantitative risk management models and draw key conclusions.
  • Communication skills to advice peer specialists and management, committees, internal & external auditors and supervisors combined with strong writing skills.
  • Ability to distil, prioritise and present key messages of MV to Model Committees, CRO and other key stakeholders (internal and external).
  • Being customer oriented and able to build positive working relationships while at the same time having a strong independent stance.
  • Ability to review processes in an abstract manner to identify and work on opportunities for (cost) efficiency and/or improving quality of deliverables produced.

You will collaborate with

The Model Validation team consists of highly experienced, skilled and all-round professionals with various nationalities and multi personality traits, like persistent, flexible, integer, etc. Next to this we are goal oriented and output driven.


Please send your application for Senior Model Validation Officer at NN in The Hague via the button.

Direct solliciteren


Neem contact op met Joyce van der Burg

Bekijk alle vacatures