About the company

Our client is on the trend of greater use of models. Driven in part by regulation but the growing reliance on models manifests in all areas of the company. For risk management purposes the company has models in place for a.o. credit risk, market risk, operational risk, and liquidity risk, covering the entire balance sheet. These models use market and client data to predict among others, the client behaviour and their risk profile based on the client characteristic, economy and market.



Outside the risk management domain, model-based decision making becomes increasingly important and accepted. Models are also used for pricing, marketing, portfolio management, HR and in multiple other areas and innovative solutions. The Model Validation team is the main party challenging the quality of the models in the company. As a result of the increase of the usage of models, their scope is continuously expanding.

This increase require...