At a glance

The ABN AMRO Clearing (AAC) Credit Risk Management, monitors, analyses and manages credit risk of AAC. Credit risk arises from the fact that AAC guarantees, as a General Clearing Member, the fulfilment of obligations towards the clearinghouses and other counterparties arising from clients’ derivatives and securities transactions. Counterparty credit risk covers both the risk control of exposures of AAC clients (client-side) as well as counterparties such as Central Counterparties (CCPs), Financial Institutions and brokers (street-side).

AAC Credit Risk Management department promotes a culture of risk awareness within the company in order to achieve sustainable and profitable growth while building and keeping trust and confidence of all stakeholders (regulators, clients and shareholders).

Your job

The credit risk officer is part of the global credit risk team and contributes to a moderate risk profile for AAC by advising through independent risk assessments and advices on individual credit proposal (new and review) on the credit risk and related other risks including reputational risk, market risks for AAC clients and counterparty credit risk involved with the respective proposals, in which jobholder is accountable for a timely made independent and well-considered assessment, advice and/or decision initially as much as possible without having to rely on the advice of peers, superiors and/or committees. Contributes to the responsible for the 2nd line oversight (monitoring and control) of the credit risk management, including policy adherence, by the AAC business.

Key result areas

Credit Risk Assessments
Based on the relevant credit proposal an independent credit risk assessment is made including Policy Adherence, Business Risks, Financial Risks (Profitability, Balance Sheet (assets and liabilities/net worth) and Cash Flow and projections, and Structure Risks (group structure and facility structure, security and documentation). Specifically, a market risk assessment of client portfolio and trading strategy is part of the assessment.

Credit Advice
Based on the outcome of the assessment an independent credit advice is prepared, including, if necessary, recommendations for change in structure, terms and conditions and recommendations regarding the quality of (parts of) the business proposal, the counterparty rating, financial and/or non-financial covenants and other monitoring terms and conditions.

Credit decisions
Based on the advice, ensures high quality decisions made in delegation, such decisions to be well motivated and meet high quality standards offering transparency and clarity in the decision-making process. Is the (alternate) Credit Risk representative within the relevant credit committees regarding advice, decisions and decision minutes.

Monitor and Oversight
Closely monitors its allocated credit portfolio and the credit risk management by the AAC business thereof for which active participation in weekly risk monitoring and monthly Oversight/Watch – meetings may be required.

Be a Sparring Partner
Is contact person for business colleagues regarding credit risk and related other risk types and/or issues of the business. Develops within the team a thorough insight into trends and issues in the international financial markets. Supports the business in respect of credit risk management processes, policies and procedures.

Working environment

ABN AMRO Clearing Bank NV has roughly 1000 FTE globally and is self-sufficient with its own supporting organization. Services that AAC provides include Financing, Global Execution Services, Clearing, Custody and post trade services. All clients of AAC are professional market participants.
Client segments include Professional Trading Groups (Market Makers, Principal Trading firms,) and Corporate Hedgers (Commodity Traders and Hedgers), Prime (Funds, Asset Managers, Financial Institutions).
AAC Risk Management has a global focus. It is divided into three regional organizations next to the global risk functions: Europe, USA and Asia-Pacific.
AAC Risk Management must perform market surveillance and ensure all market, credit and enterprise risks are managed and compliant with global regulations and the risk appetite of AAC.

Your profile

University degree in economics, econometrics, business administration, law, civil engineering and a 0-3 years’ experience in the financial industry.
Knowledge of international and specialized finance concepts and credit risk structuring, financial analysis, legal, business and fiscal aspects of lending and macro-economic and business finance.
Knowledge and understanding of the vision, mission and strategy of the bank’s credit risk policies and credit risk management procedures, products and services, including the specific credit approval delegation framework.
Strong interest/ affinity and knowledge in financial markets, trading and market risk management.
Good understanding of financial products: stocks, bonds futures, options and other derivatives/securities.
Strong analytical skills, attention to detail and likes structure.
Sound communication skills & fluent in English.
Team player and collaborator, motivated and driven to perform for yourself and for the team.
Mindset to learn, develop and be challenged.
Bring confidence, positivity and an enthusiastic nature to your role.
Willingness to start to take ownership and responsibility.

We are offering

The gross monthly salary displayed above (on our career page) 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 annual public transport pass with free public transportation throughout the Netherlands.
An excellent pension scheme.

Interested?

Please send a CV and motivation letter

Equal opportunities for all

The success of our organisation depends on the quality of our people and the ideas that they have. Truly surprising insights and innovative solutions for our clients result from an interplay of cultures, knowledge and experience. Diversity is therefore extremely important to our organisation. To ensure that everyone at ABN AMRO can develop their talents, we encourage an inclusive culture in which all colleagues feel engaged and appreciated.

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. In addition, a recruitment agency can only submit a resume when invited by a Talent Acquisition Specialist to join the search for a right candidate. All unsolicited resumes sent to us will be considered property of ABN AMRO BANK N.V. In this case, ABN AMRO will not be held liable to pay a placement fee.