Contribute to effective supervision of insurance companies as a quantitative risk management specialist at DNB using analyses of complex financial models.
Jij hebt impact
Working for DNB, you will have an impact on financial stability and sustainable prosperity. Prudential supervision of financial institutions, like insurance companies, is a key building block in maintaining the integrity of the financial system. With your expertise you will promote the soundness of financial institutions in order to provide appropriate protection for policyholders. You have a sharp eye for understanding the essence of complex quantitative issues and getting to the heart of the matter. This means you will have a direct impact on the sector!
This is what you will do as a quantitative risk management specialist at DNB
You will take part in or lead in-depth examinations and projects, both on site at institutions and from your desk at DNB. You will interview institutions’ boards, senior management and staff members to identify and understand underlying challenges. Such examinations will focus primarily on internal models and the risk management frameworks of insurers and pension funds. You also regularly carry out assignments for other DNB divisions, such as Supervision Policy or Financial Markets.
Your most important activities:
- You will assess incoming requests, like the applications for approval of new or modified models, ‘gap closures’ of previously identified shortcomings or declarations of no-objection.
- You will translate the complex information into clear analyses and thus identify the relevant risks.
- The scope of these investigations is not limited to financial models, but could also include institutions' risk management, investment policy and/or governance.
- You will provide input or actively participate in policy development (e.g. in EIOPA task forces).
- You will develop assessment frameworks for specific risks or models that take into account state-of-the-art knowledge of risk models.
Hier doe je dat
Your work environment
The Expert Centre on Financial Risk to Pension Funds (ECFRP) is a knowledge hub within the Pension Supervision Division. We are a team of 15 quantitative specialists, varying from investment experts to actuarial specialists. Our expertise includes areas such as investments, financial risk management, financial design, actuarial science and modelling. We work for all these various disciplines, both in the area of pension and insurance supervision. This set-up allows you to gather knowledge and expertise quickly. We have an informal and amicable working environment. We foster professional drive and excellent opportunities for development. That is why we will invest substantially in your knowledge and skills. Seamless cooperation with your team and the other departments in and outside the division is crucial.
Dit breng je mee
At DNB you will be working together with other professionals. Your colleagues have high-calibre skills and expertise. This is why we believe it is important that you are sharp and critical. You have excellent judgement, and you enjoy uncovering errors, shortcomings or risks. You are analytically strong and able to translate complex information into clear analyses. You are also tenacious, you do not fear confrontation and you do not allow any response to divert you from your purpose. With your good communication skills, you can convincingly influence internal and external stakeholders.
What else are we looking for?
- You have finished a Master’s degree (or PhD) in a quantitative field such as econometrics, actuarial sciences, mathematics or physics.
- You have at least five years of relevant experience, for example within a financial institution, at an (actuarial) consultant or an institutional investor.
- You have in-depth knowledge regarding institutional investments, financial markets, (quantitative) risk management, and developing or validating financial models.
- You have at least a basic understanding of Solvency II.
- You have experience with communicating at board and/or senior management level.
- You can communicate at a professional level in English. The documents you evaluate and the assessment criteria will generally be in English. Preferably, you are also fluent in Dutch or prepared to learn the language.
Dit bieden we je
This is what we offer you
A 36-hour working week right at the heart of today's financial and economic current events. You will be working for a diverse, dependable and socially committed employer right in the centre of Amsterdam that always responds to the changing requirements of our environment and will never ceases to innovate. This will offer you a wealth of opportunities to develop and gain new experiences, both in the Netherlands and abroad. You will initially be working on a one-year contract, with the prospect of an extension, provided you have performed well and our organisation has not undergone any changes that affect your job.
The other excellent terms and conditions of employment for this position are:
- A gross monthly salary between € 3.900 and € 6.100, based on a 36-hour working week. Among other things, the final salary will depend on your expertise and experience.
- A 13th monthly salary, and an 8% holiday allowance calculated on your 13-month salary.
- Your pension entitlements will accrue under a career-average scheme including provisional indexation, with a 6.25% employee contribution.
- Full reimbursement of your public transport commute.
- Plenty of opportunities for professional and personal development through education and training.
- A healthy work-life balance. In this position, it is possible to divide your working week into 4 9-hour days.
- Fulltime (startersfunctie)