Consultant Risk Advisory (Banking)

VB Risk Advisory; Amsterdam; On-site; EUR 46,000 - 58,000; Full time

Benefits offered by this job

Annual bonus

Shareholder after 1 year

Course sponsorship 50%

Wellbeing platform

Pension

Holiday allowance

Job summary

4most, a consultancy with a European footprint, is seeking a Consultant Risk Advisory (Banking) to join its Amsterdam team. You will work on advisory projects for banks of varying sizes, learning from peers and client teams while contributing to model development, validation and risk analytics efforts.

You will engage in regression and stress testing activities, interpretation of regulatory expectations and potential business development initiatives, in a dynamic, growth-oriented environment.

Qualifications

• University degree in Econometrics, Mathematics, Physics, Quantitative Finance or comparable subject.
• 2+ years’ experience in risk, analytics or data science for banks (bank/consulting/regulator).
• Hands-on experience with A-IRB, IFRS 9 or Stress Testing models is a plus.
• Proficient in processing and analyzing large datasets using Python, SQL, SAS or R.

Responsibilities

• Develop (credit) risk and pricing models for regulatory and business use.
• Validate and challenge models on design, performance and implementation.
• Conduct stress testing across processes and data.
• Integrate ESG considerations across data, models and risk processes.
• Present results to senior management and assist with business development activities.

Skills

Risk analytics

Data science

Model development

Model validation

Data processing

Education

Econometrics

Mathematics

Physics

Tools

Python

Pyspark

SAS

SQL

R

Databricks

Job description

We are not your typical consultancy firm; with over 250 credit risk and actuarial consultants, our colleagues own a significant share of the business, and we have ambitious plans to grow even further.

As experts in our field, we are passionate about what we do and embrace diversity; we’ve created a fun and innovative environment where technical minds flourish. Individual success is not measured by the size of your team or the hours you work, it’s the unique value you bring to the community. We want our people to think differently and challenge the status quo. We reward teamwork and believe value should be shared with all who contribute.

We are passionate about what we do and making a difference. We are a B-Corp and want to work with people and clients who share our values.

Your future team

We support our clients in the UK, Europe and the Middle East in solving their analytical challenges in model development and validation, risk management, stress testing, ESG, data and regulatory compliance. We have ambitious growth targets and have opened our European headquarters in Amsterdam in 2024. Your future team in Amsterdam is a young and energetic team of 20 professionals that likes to have fun. Get ready to be part of this exciting growth story and help us grow further!

What you’ll do

As a Consultant Risk Advisory (Banking) at 4most, you’ll work on advisory projects at banks, ranging from large global banks to regional banks and lenders. You will learn from, and work together with, other 4most-ers and client teams on projects. Tasks could include the following, based on your expertise, experience and interest:

• Developing (credit) risk and pricing models, used for regulatory and business purposes
• Validating and challenging these models on areas such as model design, model performance and model implementation
• Stress testing exercises, ranging from operational execution to model development and validation
• Processing large (credit) risk datasets and assessing or improving data quality
• Integration of ESG across data, models (A-IRB, IFRS 9, stress testing) and risk processes.
• Interpretation and implementation of regulatory requirements and supervisory expectations
• Remediation of supervisory findings (ECB/DNB)
• Presenting and discussing results with (senior) management.
• Ad-hoc assistance on business development activities, e.g. client events / roundtables, client meetings, workshops, pitching, drafting proposals and creating marketing material.

Your background

• You have a university degree in Econometrics, Mathematics, Physics, Quantitative Finance or comparable subject.
• You bring 2+ years’ experience in risk, analytics or data science for banks, obtained by working for a bank, consulting firm or regulatory body (ECB / DNB). Experience in integration of ESG within data, risk of models is an advantage.
• You have technical experience on financial risk management and hands on experience in development, validation and implementation of A-IRB, IFRS 9 or Stress Testing models.
• You are experienced with data processing and analysing (large) datasets using Python, Pyspark, SAS, SQL or R. Hands-on experience with Databricks is a plus.
• You understand European (prudential) regulation and supervision at banks in Europe.
• You are a strong communicator both verbally and written, with the ability to break down complex topics into simple solutions and ideas.
• You have a good command of the English language, and preferably Dutch.
• You are passionate about the business impact of analysis, driven by continuous improvement and attention to detail.

• Monthly salary ranging from EUR 4,160 – EUR 5,160 (includes 8% holiday pay) based on experience
• 25 days’ holiday (freedom holiday scheme).
• Annual bonus.
• Becoming a 4most shareholder after 1 year of service
• 50% sponsorship towards relevant courses (e.g. professional qualification, Masters, PhD etc).
• Juno wellbeing platform (EUR 57 per month to spend on anything to help with wellbeing; EUR 57 per month to spend on anything fitness-specific).
• Pension (11,9% of pension giving salary, where 4most contributes 50%)