Risk Model Expert

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

Benefits offered by this job

13th month

Holiday allowance

BeFrank pension

Training opportunities

NS Business Card 2nd class

Travel reimbursements

Home office allowance

Internet allowance

Job summary

NN Group is seeking a Risk Model Development Expert based at the Head Office in The Netherlands. You will strengthen our internal risk model using advanced modelling techniques and contribute to Solvency II-compliant risk frameworks.

The role focuses on developing and improving models for credit, equity, longevity, and persistency, with the Internal Model as a core priority. Hybrid work arrangement in The Hague, with a strong emphasis on collaboration within the PIM Coordination Team to support

Qualifications

• Master’s degree in econometrics, actuarial science, quantitative finance, or related technical field.
• At least 5 years of proven experience in risk modelling, preferably financial/market risk models.
• Strong mathematical skills and knowledge of Solvency II and internal models.
• Experience with data management and programming or AI is a plus.
• Ability to communicate clearly to senior management.

Responsibilities

• Strengthen NN Group's internal risk model with advanced modelling techniques.
• Develop and improve risk models covering credit, equity, longevity, and persistency risks.
• Collaborate with the PIM Coordination team to ensure model fit to risk profile.
• Support implementation and ongoing use of the internal model.
• Communicate complex topics clearly to senior management.

Skills

Risk modelling

Solvency II

Data management

Programming

AI experience

Education

Master's degree in econometrics

Actuarial science background

Tools

Python

R

SQL

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

• A salary between €5,933 and €9,449 (based 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 kilometres 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 also have:

• 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.

Any questions? Are you ready to help shape the future of risk modelling at NN Group? 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].

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 NN Neurodiversity network.

Top Employer

We are proud to be certified as a Top Employer for the 15th year in a row in 2026. The Top Employers Institute certificate recognizes organizations that consciously choose to put their employees first.

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.

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

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.