Risk Model Expert

NN Personeel B.V.; Den Haag; On-site; EUR 66,000 - 105,000; Full time

Benefits offered by this job

13th month and holiday allowance

Hybrid work model

Training and development budget

NS Travel Card 2nd class

Job summary

NN Group Netherlands is seeking a Risk Model Development Expert to strengthen NN Group's internal risk model by developing and improving risk models using advanced techniques. You will be part of the PIM Coordination Team, acting as an internal risk consultant to ensure the model fits risk profile and business needs.

You will also support implementation and ongoing use of the internal model, while communicating complex topics to senior management.

Qualifications

• Master’s degree in econometrics, actuarial science, quantitative finance or a relevant technical background.
• Minimum 5 years of proven experience in risk modelling, preferably financial/market risk models.
• Strong mathematical and problem-solving skills with knowledge of Solvency II and internal models for insurance.

Responsibilities

• Develop and improve NN Group's internal risk model using advanced modelling techniques.
• Work in the PIM Coordination Team to ensure models fit risk profile and business needs.
• Support implementation and ongoing use of the internal model.
• Explain complex topics clearly to senior management and colleagues.

Skills

Strong communication

Team player

Leadership

Data management

Programming / AI experience

5+ years risk modelling

Solvency II knowledge

Education

Master’s degree in econometrics/actuarial/quantitative finance

Job description

Broaden your horizon as a Risk Model Development Expert at the Head Office of the Netherlands' largest insurance company.

In this role you will strengthen NN Group's internal model by developing and improving risk models using advanced modelling techniques. Your contribution will directly support the capital needs of NN to remain financially robust and future-proof.

What you are going to do

You will use your vast experience to strengthen our financial models. This role has as primary focus on the development of our internal risk model. This internal model calculates different risks, from credit and equity risk to longevity and persistency risk. Although, this role has a special focus on the in the internal model, you can also engage your expertise on other uses of the internal model uses or on our standard formula. You will be part of the PIM Coordination team and operate like an internal risk consultant, ensuring our models fits best our risk profile and business needs. Also, you will support in the implementation and further use of our internal model.

What we offer you

NN invests in an inclusive, inspiring work environment and skills and competencies for the future. We match this with employee benefits that are in line with what is needed today and in the future. This way, we offer our employees the opportunity to get the best out of themselves.

• A salary between €5,933 and €9,449 (based on 40 hours contract), depending on your knowledge and experience
• A 13th month and holiday allowance, paid with your monthly salary
• 27 vacation days for a 5-day working week and three Diversity Days
• A modern pension administered by BeFrank
• Plenty of training and learning opportunities
• NS Business Card 2nd class, which gives you unlimited travel, also privately.
• Do you prefer to travel with your own transport? Then you can declare the kilometers travelled
• Allowances for setting up your home office and for internet use
• We work hybrid at NN. Together with your team, you decide where, how and when you work.
• The official location of this job is in The Hague.

Who you are

You are a strong communicator and dedicated team player, able to explain complex topics clearly to senior management and colleagues across the organisation. You liked to be challenged in a dynamic environment. You have a leading and result-driven mindset.

• You currently live in the Netherlands
• A Master’s degree in econometrics, actuarial science, quantitative finance or a relevant technical background
• At least 5 years of proven experience in risk modelling, preferably experience in development of financial / market risk models
• Strong mathematical and problem-solving skills, a good understanding of Solvency II and related Internal Models for the insurance industry
• Modelling skills and an eagerness to develop these skills further.
• Experience with data management is also relevant for the role
• Experience with programming and / or AI is a plus

Who you will work with

You will join the PIM Coordination Team, which is part of the Risk Models & Analytics (RM&A) department at NN Group's Risk organisation. This team acts as an overarching development and internal consultancy team("Flying Squad") for NN Group's Internal Model. You will work in an international, highly motivated and results-driven team, with an open, collaborative and informal atmosphere.

Contact

If you have any questions about the job, you can reach out by phone or WhatsApp to David Six, Manager of the team, at [phone]. Any queries about the process can be directed at Twesha Dharamsingh, Senior Talent Acquisition Specialist, via [e-mail].

NN Netherlands is the head office of NN Group, a financial services group with over 180 years of history, helping people care for what matters most to them.

We are committed to the financial, physical, and mental well-being of our colleagues and customers – through our products, services, and meaningful advice.

Benefits of working for NN Group Netherlands

Continuous development - Your career progression matters. We support you with a wide range of learning opportunities and a generous training budget to help you reach your full potential.

Meaningful impact - At NN, we invest our time and expertise in making a meaningful difference – for people and the planet. Purpose-driven work is part of our DNA.

Work-life balance - Vitality is key. Our diverse health and well-being offerings help you stay energised and balanced, both at work and beyond.

Diversity & Inclusion Our approach to diversity and inclusion is simple. It is about embracing everyone. Our networks play a crucial role in achieving our D&I goals. They aim for meaningful change and create many opportunities to engage, connect and support colleagues. Everyone at NN can take an active part in multiple networks including NN Pride, NN Cultural Diversity Network, NN Young Professionals, Woman in Leadership Network and N