HBO/WO Model Validation work-along Intern
- Den Haag
- Risk Management
- Required language
- Dutch, English
HBO/WO Model Validation work-along Intern
Would you like to get insight into quantitative models that facilitate core activities and decision making of NN Bank? Do you seek for a challenging and dynamic internship where you will be getting insight into model validation processes, tests and thresholds we use to validate model performance, have hands-on experience in building model validation tools in Phyton, get insight into model risk management of NN Bank and be rotating to new assignment every few weeks? NN Bank is looking for several Interns to join our dynamic, international and highly cooperative Model Validation team that is responsible for validating all bank’s models as well as conducting Model Risk oversight.
The internship fee for this internship is € 650,- gross based on a 36-hour working week. The start date is as soon as possible.
Your impact as Model Validation Intern at NN
The Model Validator plays a crucial role in managing model risk. As a Model Validation Intern your role is to support several validation activities and join us in department wide projects that may include : coding model tests in Python, performing data quality tests during model validations, judge plausibility of used assumptions and quality of bank’s most important models. The scope of the validation team includes a variety of AIRB models (PD, LGD, EAD), IFRS 9, stress testing, pricing, liquidity risk, interest rate risk models and more. Errors and misusage of these models may result in significant financial losses. Our role is to challenge the quality of the models and identify its risks. The Model Validator examines the theoretical soundness, its compliance with regulations and internal requirements, suitability of modelling techniques, quality of data, judge plausibility of used assumptions, quality of model performance and model implementation. The validator forms an independent opinion on the model and its suitability for its intended use and provides an advice to Model Risk Committee.
Support and involvement in several Model Validation projects that may include assessment of data quality used for model development, creation of model validation toolboxes in Phyton with statistical tests, designing tests and thresholding for the most important bank’s models, examining the correctness of the methodology and model assumptions, forming independent opinion on the model’s performance, assessment of model compliancy with respect to internal and external regulations, and checking the final implementation of the model in the production environment.
Who you are
We are looking for candidates:
- Who are creative and who like problem solving
- Who are enthusiastic to work in a team
- Who know and can use Python
- HBO or university graduates, preferably with background in Mathematics, Econometrics, Data Science, IT, Physics
- English speakers
And, preferably with ambitions to increase their knowledge and learn more in the following areas:
- Programming (Python, SAS, Big Data)
- Credit Risk Modelling
A highly cooperative, friendly, international team of go-getters!
It is important to us that you continue to develop yourself. We give you the space and the confidence to grow in your career as well as a person. We help you with:
- Plenty of training and learning opportunities in our Learning & Development Centre
- A large (international) network of colleagues who are keen to share their knowledge with you
- The autonomy to set out your own development path
At NN we work hybrid. We combine working from home and working in the office. Teams can meet online or in person. You and your team agree on what suits you best. We have set up our offices in such a way that there is a suitable place for every type of work. The official location for this job is The Hague.
Will you be our new colleague?
If you are enthusiastic about this vacancy and think that you would be a good fit for the team at NN, we would like to invite you to apply. We are very keen to find out who you are, what motivates you and what you can contribute to this role at NN.
Are you unsure if you meet 100% of the requirements? We encourage you to apply anyway and show us the unique value you could bring.
If you have any questions about the vacancy or the process, give us a call or let us know on WhatsApp. You can reach out to Bianca Hoogweg, internship coordinator via 06- 10816801 or via Stagebureau@nn.nl. In this video Bianca introduces herself to you.