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IFRS 9 Model Developer - Job Opportunity at DLL

Eindhoven, Netherlands
Full-time
Senior
Posted: March 15, 2025
Hybrid
EUR 85,000 - 120,000 annually based on location and seniority level

Benefits

Flexible work arrangements with remote options
Two annual volunteer days with paid time off
Comprehensive health and wellness program including health checks
Career development through online learning platforms
Multicultural work environment with quarterly international team meetings
Work-life balance initiatives
Mental and emotional wellbeing support
Financial wellness education programs

Key Responsibilities

Lead development of multi-year PD, LGD and EAD models under IFRS9/CECL standards
Implement Meron/Vasicek framework and structural LGD models
Drive model validation and external audit processes
Collaborate with global cross-functional teams for model implementation
Analyze and refine loss predictions across global portfolios
Develop models using Python/PySpark in Databricks environment
Ensure alignment between IFRS9 and IRB methodologies
Document and communicate model methodologies to stakeholders

Requirements

Education

PHD/Master degree in quantitative field (econometrics, mathematics, physics, AI or similar)

Experience

5 years minimum in Credit Risk Models

Required Skills

Advanced Python and PySpark IFRS9 knowledge Basel IV, CRD IV, CRR III, BCBS 239 regulatory knowledge English proficiency Autonomy and proactivity Team collaboration Coaching abilities Stakeholder communication Multicultural work adaptability
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Sauge AI Market Intelligence

Industry Trends

Financial institutions are increasingly focusing on sophisticated risk modeling capabilities due to evolving regulatory requirements and economic uncertainties The integration of machine learning and traditional credit risk modeling is becoming more prevalent in the industry Growing demand for professionals who can bridge the gap between regulatory compliance and technical implementation Increased focus on model transparency and explainability due to regulatory scrutiny

Role Significance

Typically part of a specialized team of 5-10 model developers within a larger risk department of 30-50 professionals
Senior technical position with significant impact on organizational risk management and regulatory compliance

Key Projects

Implementation of new regulatory requirements in risk models Development of portfolio-specific risk assessment frameworks Model validation and documentation for regulatory compliance Integration of advanced analytics into existing risk frameworks

Success Factors

Deep understanding of both technical modeling and regulatory requirements Ability to translate complex mathematical concepts into practical business applications Strong stakeholder management across different organizational levels Balance between innovation and regulatory compliance

Market Demand

High demand with limited talent pool due to specialized skill combination of risk modeling and regulatory knowledge

Important Skills

Critical Skills

Advanced statistical modeling expertise combined with regulatory knowledge Python/PySpark proficiency for large-scale data processing Understanding of IFRS 9 and Basel framework implementation

Beneficial Skills

Machine learning and AI applications in risk modeling Cloud computing platforms like Databricks Business communication skills for stakeholder management

Unique Aspects

Combination of IRB bank status with global asset financing focus
Strong emphasis on cross-cultural collaboration with international team structure
Balance of technical modeling with business impact
Comprehensive wellbeing approach including financial and mental health

Career Growth

2-4 years in role before progression to team lead or head of function roles

Potential Next Roles

Head of Model Development Chief Risk Officer Senior Risk Analytics Manager Head of Credit Risk Director of Quantitative Analytics

Company Overview

DLL

DLL is a global financial solutions provider focusing on asset-based financing with strong ties to Rabobank Group

Leading position in equipment and technology financing with significant global presence
Strong European headquarters with global reach across major markets
International, collaborative environment with Dutch influence emphasizing direct communication and flat hierarchy
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