Credit Risk Model Expert

Company name

KBC Groep nv

Place

Brussel Bruxelles
Belgium

Our Company :

KBC Group makes frequent use of quantitative models for risk management that measure the financial risks to which the company is exposed and that influence various processes such as the application process for new credit and the calculation of regulatory capital requirements to cover the default risk KBC is exposed to as a credit provider.

This position is available in the credit risk model validation team which addresses all internal credit risk models by qualitatively and quantitatively challenging the assumptions, verifying the mathematics, developing benchmark models and assessing the appropriateness of the use of the models in the daily business. The team’s scope includes models used for credit risk reporting, models used for reporting under IFRS9 impairment standards and models used by the credit business (e.g. for risk acceptance).

The overarching goal of your model validations is to allow adequate management of the model risk KBC group runs. The result of your validation is independent advice that you discuss with the model owner and submit for decision to the Chief Risk Officer (CRO) or the Chief Financial Officer (CFO).

As part of the Group Risk directorate, the team has a group-wide responsibility and presence. As a validator, you will have a broad range of domestic and international contacts within the group and occasional contacts with external parties, allowing you to develop a broad and interesting network and obtain a comprehensive view of KBC Group’s global credit activities.

You will be introduced to the universe of KBC’s lending activities and get a comprehensive and global view of KBC Group’s credit activities.

Your primary employment location will be in Brussels (Havenlaan). Team members are offered teleworking arrangements.

The Job / Responsibilities :

As a validator your main responsibility is to advise senior management (CROs, CFOs) on the quality and adequacy of our credit risk models. You challenge models both qualitatively and quantitatively to check whether their underlying assumptions reflect business reality and are translated into a statistical model in a mathematically sound way.

After a learning period in which you are introduced to the job’s various domains, you will perform such model assessments largely autonomously, consulting with business experts and other stakeholders and relying on your team’s support and expertise.

Occasionally you will also present your advice externally, e.g. to auditors or regulators.

Your profile :

- A Master or PhD in either economics, mathematics, physics, engineering or similar
- Excellent written and oral communication skills in English
- A friendly and professional attitude
- The motivation to integrate into our team and its supportive culture
- The ability to work autonomously and to manage your own agenda
- The desire to consciously develop your knowledge and skills
- Interest in credit, risk management and quantitative models


(Kindly make reference to Banking Boulevard when applying for this position).
(Bedankt om naar Banking Boulevard te verwijzen als u solliciteert).
(Merci de bien vouloir faire référence au site-emploi Banking Boulevard lors de votre sollicitation).

We offer :

- A Master or PhD in either economics, mathematics, physics, engineering or similar
- Excellent written and oral communication skills in English
- A friendly and professional attitude
- The motivation to integrate into our team and its supportive culture
- The ability to work autonomously and to manage your own agenda
- The desire to consciously develop your knowledge and skills
- Interest in credit, risk management and quantitative models

Nog vragen?

Heb je nog vragen over de functie-inhoud? Contacteer dan de recruiter: eddy.declercq@kbc.be.