Junior Market Risk Officer

At a glance

Are you a well organised starter who understands the importance of clear documentation of your work and your results? Do you love numbers, and can you also tell the story behind them? Do you want to create real change through analysing and solving concrete risk management challenges? Then grab this opportunity to develop into the professional you aspire to be!

As Junior Market Risk Officer you are responsible for identifying, analysing, quantifying, and managing the bank's market risk. You participate in various projects where you apply your proactivity and specific knowledge in market risk. You communicate clearly with our stakeholders on matters concerning market risk.

Your job

As our Junior Market Risk Officer, you will assess ABN AMRO''s market risk exposure within the Market Risk in the Banking Book team. These are mainly interest rate risk, credit spread risk and foreign exchange risk. You safeguard the ongoing processes and the risk management reports in interest rate risk management and liaising with other departments. It will be your responsibility to:

• Validate market risk reports and provide clear communication to (senior) management and stakeholders on the exposures and developments;
• Contribute to key projects such a (regulatory) stress testing, model and system development;
• Advise on proposals for positioning, limits et cetera from the Assets & Liability Management (ALM) and Treasury department;
• Specify requirements for new systems and models and overseeing/accepting the implementation;
• Liaise with other departments such as ALM/Treasury, Modelling, Reporting and the Grid (change implementation teams).

Working environment

Our Risk Management department consists of three teams: Market Risk Banking Book, Market Risk Trading Book and Liquidity & Capital Risk Management. We are a team of 31 people with different backgrounds, nationalities, roles and personalities. This function's context is an environment of high complexity and dynamics in products, type of business, regulations and the team has a global mandate. At Risk Management, we are accountable for a healthy relationship between risk and return. We use ABN AMRO's moderate risk profile as a starting point. 

Our Market & ALM/T Risk team:

• Reviews and assesses risks, checks whether the business operates within the defined limits and mandates, interprets and implements regulations, designs policies, commissions model development and changes and opines on business proposals to senior management.
• Provides input for risk or model reports relevant to internal and external parties (including DNB and ECB).
• Performs a regular review of the risk limits and stress testing exercises.
• Provides input for setting the functional risk requirements for projects and performs acceptance tests on changes in the Market Risk Management infrastructure. Identifies bottlenecks and implements improvements in the processes within Market Risk Management.

Your profile

• You hold a Master degree in a quantitatively oriented study (e.g. Econometrics, Finance, Mathematics,..);
• Affinity with financial markets and products;
• You are fluent in English (we offer support to employees with reading disabilities such as dyslexia);
• Strong analytical and problem-solving skills;
• Strong interpersonal and communication skills;
• Pré: affinity for programming (e.g. Python, VBA, SQL).

It is useful if you already understand Python, VBA or SQL. However, we see our roles as a permanent learning experience. If you are highly motivated and have the commitment to improve day after day, then we ensure you that we have development programs in place and we will help you grow in this role.

We are offering

• A job where you are given the opportunity to work flexibly.
• Lots of opportunities to grow professionally and personally.
• An informal multi-cultural working environment.
• 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 annual public transport pass with free public transportation throughout the Netherlands.
• An excellent pension scheme.