Quantitative Risk Analyst - Hedge Accounting

Location: Netherlands

Summary

NIBC Bank is looking for a Quantitative Risk Analyst - Hedge Accounting in our Modeling & Data Analytics team!

Job Description What will you do?

• Develop, enhance, and maintain the NIBC hedge accounting Python model;
• Ensure correct modelling of hedge relationships, fair value calculations and hedge effectiveness testing;
• Translate regulatory and accounting requirements into clear rules with efficient implementation;
• Have a key role in data analysis and methodology updates in response to macroeconomic and portfolio developments;
• Perform regular model monitoring;
• Work closely together with the Product control team in Finance.

Model ownership

• Maintain complete model documentation;
• Support internal and external audits, model validation and audit processes;
• Be part of the internal Methodology Advisory Group which is responsible for advising the Risk Management Committee and Asset and Liability Committee on methodological developments;
• Ensure efficient coordination and collaboration with Model Validation, Finance and ALM.

Your team

MDA offers an open, positive, and challenging environment through a diverse range of activities and projects. You'll join a highly dynamic and educated team at the heart of various key business areas and processes. Our team is responsible for IRB and IFRS9 credit risk models, bank-wide stress testing, modelling for hedge accounting and counter party credit risk modelling. The team also plays a leading role in the ongoing bank-wide transformational change programs.

As part of our team, you will assume substantial responsibilities and gain extensive exposure. You will have the opportunity to refine and enhance your modelling and programming skills while working closely with Finance, Risk and IT teams. Join us and make an immediate impact by leveraging your expertise—whether in statistical analysis, regulatory compliance, or technical insights—to further enhance our IFRS9 model framework.

NIBC

as employer

Founded in 1945 to finance the visionary entrepreneurs who helped rebuilding the Netherlands after the second World War, NIBC was closely collaborating while professionally supporting companies and individuals in realizing their dreams and goals with a sustainable future in mind. As a midsize bank with a multicultural working environment that is best described as dynamic and ambitious, we share a forward-thinking, can-do attitude with our employees and clients which we call our THINK YES mentality.

Our corporate values are Professional, Adaptive, Collaborative and Entrepreneurial. You will have a direct and meaningful impact on both the bank and its clients. By building our company on optimism and mutual trust, and with our THINK YES mentality, NIBC is an enterprising bank that enables ambitions.

What's in it for you?

NIBC is an ambitious environment where together we strive to create a fantastic workplace where you feel safe and challenged to be the best version of yourself. This is in line Professional, Adaptive, Collaborative and Entrepreneurial, since you are in the lead of setting the PACE of your career addition, you receive a competitive salary, plus:

• Several ways to support your development personally and professionally, a.o.: personal development budget to spend at your own discretion, professional budget provided by your manager to develop yourself in your work, In-house learning offering;
• NIBC embraces the Hybrid way of Working. This means that we support working from home as well as encourage our colleagues to come to the office. NIBC's guideline is to spend at least half of the working time at the office;
• Travel expenses or NS Business Card 1st class ;
• 32 holidays (which do not have to be registered);
• Excellent pension scheme (26% NIBC contribution);
• A voucher to improve your home office;
• The opportunity to take ownership and show initiative in your role. We are always open to new ideas, and encourage to use your voice;
• The nature of our Grow to Make a Difference program enables you to be in charge of your own development;
• Two staff associations:

Young

NIBC and MyLeisure;

• Vitality program, annual company-wide sports & leisure days;
• Monthly internet allowance;
• Laptop and a company phone;
• Excellent facilities at the office (Coffee corner, Restaurant, Exchange bar);
• Last but not least, a fun workplace in which diversity and inclusion is valued ().

What do you bring?

• You are a self-starter and a big picture thinker with attention to detail;
• You enjoy challenges in a dynamic work environment
• At least 4 years of experience in quantitative modelling for ALM and/or hedge accounting;
• A solid understanding of interest rate products, valuation principles and preferably hedge accounting (IAS 39 / IFRS9);
• Outstanding Python skills;
• The ability to bridge quant, accounting, and business perspectives;
• Good communication skills (English).

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