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Senior Model Validator - AEGON

Locatie: The Hague

We are looking for a:

Senior Model Validator

The Operational & Model Risk Management department of Aegon N.V., seeks a highly professional and experienced Senior Model Validator, to manage parts of the group model validation program. This position involves reviewing all types of models across the Aegon Group, offering an unique perspective of models and modelling practices across the company. In general, the Senior Model Validator will have direct interaction with management and model owners about findings and recommendations on both a global and local levels.
The central Model Validation team has intensive cooperation with local validation teams across Aegon, and the Senior Model Validator will act as review leader for group-led model validations. The aim of Model Validation is to provide assurance on the integrity of models used across Aegon. Model integrity implies that models are fit for purpose and produce reliable results that management can use for decision making. It further implies that the model is based on approved methodology, well developed and tested and that the model is well controlled and kept in a secure environment. The global Model Validation team manages the global validation plan together with local validation units. The senior model validator supports these validations and is directly involved or responsible for the performance of the key validation in the area he/she manages. The senior model validator also manages/participates in the Model Validation Committee (MVC) – the most senior committee under the GRCC regarding model approval.
The validation team also maintains the group-wide Model Validation policy, Model Validation standards, including standards and requirements for model development and testing and the centralized principles underlying expert judgment and assumption logging and monitoring. The Senior Model Validator is also involved in keeping these policies up to date and in giving training to local Model Validation units as well as support for the application of the model development and testing standards by model owners and model engineers as needed. Finally, Model Validation is part of the Operational; Model Risk Management, Risk Governance team and as such the senior model validator will get the opportunity to participate in ERM maturity assessments and align Model Validation work with operational risk assessments during the year. 

Aegon is an international provider of life insurance, pensions and asset management that employs 26,000 people and serves nearly 47 million customers in more than 20 countries around the world. Our overall company mission is to Transform tomorrow for our customers as we help them take responsibility for their financial future.

Corporate Center headquarters in The Hague, approximately 300 people of different nationalities work closely together in departments that include Finance, Treasury, Risk Management, Legal, Tax, Business Development, Investor Relations, HR and Communications. The Enterprise Risk Management (ERM) framework encompasses methods and processes used to manage risks and seize opportunities related to the achievement of our objectives. This involves the identification of risk events or circumstances that are relevant for the realization of the company objectives, the assessment of their potential impact and possibilities to reduce the risk, and reporting and monitoring of these risks and the effectiveness of related controls

ERM is continuously evolving to ensure the needs of our different stakeholders are served as they do need to understand the broad spectrum of risks facing a diversified and complex organization such as the Aegon Group.


As Senior Model Validator you are Self-starter, with an pro-active attitude. You are independent and critical, yet with an constructive, attitude.
Moreover, you have the following qualifications:
You are an actuary, econometrist or has similar qualifications. Qualified candidates should have a minimum of 5-8 years of relevant experience.
Key qualifications for the role include:

  • Significant experience with model development and model testing required.
  • Significant experience with modelling of pension and life insurance liabilities.
  • Excellent communication skills in English, both in writing and verbally.
  • Good influencing and persuasion skills required.
  • Good planning, prioritizing and goal setting skills.
  • Integrity to uphold policy requirements and Model Validation standards.
  • Independent and critical, yet constructive, attitude.
  • Good team leader and team player.

It is considered as a positive if the candidate has hands on experience with

  • modelling of market risks and derivatives
  • Solvency II required capital calculations for insurers.
  • the application or assessment of IFRS models in the financial industry
  • data modelling.

Note that Aegon’s official corporate language is English.


Aegon aims to be an employer of choice in the financial services industry with competitive compensation, professional learning and development, and international assignment possibilities.
Salary level: competitive primary and secondary package based on experience and qualifications.
Working hours: full time is preferred.


Are you interested in joining our Operational & Model Risk Management team team in The Hague? We look forward to receiving your resume and motivation letter. We suggest to upload your resume and motivational letter as an attachment on the second page of our application form. For more information about the role, you can contact Daniel van Scherpenzeel, Talent Acquisition Manager at

The Hague

Information and application:


Please send your application for Senior Model Validator at AEGON in The Hague including your CV via our website.

Job posted

23 januari 2019
Apply Now

More information:

Daniel Van Scherpenzeel
m. 06 2351 68 89

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