For our Amsterdam office, we are seeking a highly skilled and motivated Risk Modelling Analyst to support the development and enhancement of key risk models and tools across the corporate portfolio. This includes IFRS 9 impairment models, stress testing and forecasting frameworks, and IRRBB and liquidity risk tooling. The ideal candidate combines strong technical expertise in credit and balance sheet risk modelling with a collaborative mindset and the ability to translate complex model outputs into actionable insights for the business.
A day in the life of a Risk Modelling Analyst
As a Risk Modelling Analyst your work is a blend of technical depth, regulatory awareness, and cross-functional collaboration—ensuring the bank’s models are not only compliant and robust, but also insightful and forward-looking.
Your day begins by reviewing the latest macroeconomic indicators and regulatory updates that could influence your IFRS 9 impairment models. You then dive into refining model parameters to assess the impact of new scenarios on expected credit losses.
Mid-morning, you collaborate with colleagues from Treasury and Finance to enhance the IRRBB cash flow engine, ensuring it accurately reflects corporate exposures and aligns with SOT regulatory requirements for NII and NPV. After lunch, you join a working session with data engineers to improve data pipelines feeding into your stress testing models.
Later, you prepare documentation for an upcoming internal model governance forum, where you’ll present enhancements to the forecasting & stress testing framework and explain how recent innovations improve model accuracy and explainability.
Throughout the day, you also support the Model Owner by contributing to model lifecycle documentation or responding to regulatory queries.
Which team will you be joining?
You’ll join the Corporate Lending Risk Team, part of the Risk Management & Controlling (RMC) department. We are a small, agile team focused on corporate lending financial risks, working closely with colleagues across Risk, Finance, and IT.
Why Join Us?
- Impactful Work: Contribute to critical risk management initiatives that protect our clients and the bank.
- Collaborative Environment: Work alongside talented colleagues in a supportive and inclusive atmosphere.
- Professional Growth: Access opportunities for continuous learning and career advancement.
- Strategic Locations: Be based in either vibrant Berlin, Germany, or the dynamic city of Amsterdam, the Netherlands.
Your accountabilities
- Develop and maintain IFRS 9 impairment models for corporate portfolios.
- Design and implement stress testing and forecasting models aligned with ECB and EBA requirements.
- Build IRRBB and liquidity risk tools, including cash flow engines for corporate exposures and market rate shock simulations for NII and NPV under SOT regulation.
- Apply statistical, econometric, and machine learning techniques to improve model performance.
- Collaborate with data teams to ensure robust data pipelines and transformations.
- Ensure models are developed, maintained, and governed in compliance with internal policies and regulatory expectations (e.g., ECB, EBA, IFRS standards).
- Maintain and enhance capital calculations including scenario design, impact analysis, and reporting for ICAAP and other regulatory stress testing exercises.
- Support Designated Model Owner (DMO) activities for credit risk models (e.g. F-IRB, IFRS 9.) used for the corporate portfolio.
- Lead model lifecycle activities including development, documentation, validation, implementation, and periodic reviews.
- Prepare and present model documentation and technical details to internal and external stakeholders, including regulators and auditors.
- Support regulatory submissions and respond to regulatory feedback and findings as well as be a part of the core team during regulatory onsite inspections.
- Ensure full and proper usage of model outputs in the various areas of the customer lifecycle.
- Liaise with Risk Management, Finance, Regulatory Reporting, and IT to ensure model outputs are understood and appropriately used.
- Liaise with Lloyds Banking Group colleagues, both on the credit risk as well as on the modelling side.
- Manage external model provider(s) and participate in various model related expert groups related to these models.
- Communicate complex model concepts and results to non-technical stakeholders in a clear and concise manner.
- Provide subject matter expertise during internal committees and model governance forums
- Monitor industry trends, regulatory developments, and academic research to identify opportunities for model innovation.
- Drive continuous improvement in model accuracy, efficiency, and explainability.
Who are you and what do we ask from you?
Skills & Capabilities
- Ability to translate complex model outcomes into business-relevant insights.
- Strong analytical and problem-solving skills.
- Excellent planning and organizational abilities.
- Self-motivated, and able to work under pressure.
- Hands-on mentality with a proactive approach to challenges.
- Excellent communication skills in English; Dutch or German is a plus.
Qualifications
Master’s degree in a relevant subject (engineering, statistics, econometrics, applied mathematics, or similar
Experience & Knowledge
- 3-5 years of hands-on experience in validating, developing, maintaining, and utilizing credit risk models for corporate portfolios.
- Demonstrated expertise with IFRS9 impairment models, and stress testing frameworks.
- Strong familiarity with regulatory frameworks such as CRR/CRD, EBA Guidelines, ECB, and IFRS 9 standards.
- Experience engaging with internal model validation teams, auditors, and regulators.
- Proficiency in programming languages such as Python, or SAS for model development.
- Advanced SQL or Databricks skills and experience handling large datasets within data warehouse environments.
- Experience in the full model lifecycle, including development, documentation, validation, implementation, and monitoring.
Some highlights of our benefits for you!
- 13th month salary, either paid monthly or once a year in December
- 30 days PTO (or 240 hours) per year (based on full-time employment)
- Non-contributory pension scheme
- Flexible working; you can schedule your work hours to meet your personal needs
Your recruitment process
Apply to our vacancies by sending your CV and motivation letter to stanley.waccary@lloydsbank.nl, or use the application form on our website. After receiving your application, we'll review it and share a reply as soon as possible.
After you have submitted your application, our recruiter Stanley Waccary will reach out to you to plan a short introductory chat via Teams.
Your first chat with us will take place either online or at our Amsterdam office. The goal of this chat is get to know each other, and see if there's a match with the team, the organisation and the open position.
We're excited to have you meet additional collagues. The chat will take place either online or at our Amsterdam office, during which we'll dive deeper into the requirements of the position and the team you'll be joining.
Congratulations! We're happy to have you as our newest addition to the team. Do you feel the same way? Then you'll receive our offer by email. For most roles, a screening is part of the process. This will take place after accepting the offer.
About Lloyds Bank
Lloyds Bank GmbH is part of Lloyds Banking Group, a financial institution with a large clientele in the UK and other parts of the world. Together with our office in Berlin, we form Lloyds Bank GmbH with its headquarters in Amsterdam and we have over 500 colleagues.
We aim to lead by example in the bold decisions we make as a business, from where and how we invest, to the products and services we offer, and of course the workplace we create. We will search for new ways to work with people, communities and businesses, to always evolve with their needs. And we will never stop innovating to make sustainable, ethical choices easy and rewarding.
At Lloyds Bank GmbH we play an important part in peoples’ lives, by the products we offer, and also how we operate. We finance your mortgage, keep your savings secure and also provide you with a personal loan if you need this. In Amsterdam we do this with an enthusiastic team of approximately 200 colleagues from different nationalities, and with an engagement score of 93%, colleagues find us a real ‘Great Place to Work’!
With our grand ambitions, we are looking for new colleagues who will bring fresh ideas to help us grow!
Are you ready to join our journey?
Have we made you curious, and are you ready to join the team? Please introduce yourself to us in the best way possible and send this to: stanley.waccary@lloydsbank.nl, or use the application form on our website. A screening is part of the process.
We hope to meet you soon!
Acquisition to this vacancy is not appreciated.