Job Description
How you describe yourself
· Master’s degree in econometrics, actuarial sciences, mathematics, physics or related studies
· Experience with programming and analysing large amounts of data using (e.g. Python)
· A high problem-solving ability and able to distinguish main and side issues
· You are enthusiastic about all the possibilities that big data offers
· Excellent communication and writing skills in Dutch and English
· You want to make an impact and contribute to a better world
What we offer
· Challenging projects: you are in the lead to deliver success on great risk management projects
· A horizontal organisation where the lines are short and you can shape the strategy of the organisation
· Ample room and budget for personal development
· A fantastic working location in the heart of Amsterdam
· A great team of 60 smart, inspiring and sociable colleagues
· Above market primary and secondary employment conditions
What you will do
We are looking for a Quantitative Consultant to help grow the firm. The job will require you to contribute to all phases of engagements, from origination to delivery, and participating actively in the office operations.
You will participate in various projects across our units and you will learn how to construct data solutions, which will be used for model development. Furthermore, you will learn how solutions and models are implemented in leading financial institutions in the Netherlands. In a short time you not only get to obtain in-depth experience in developing cutting edge machine learning models, you also actively work on implementing them at the clients. These models help financial institutions to detect fraudulent behaviour and consequently make the world a better place.
You will learn fast and expand your skills by teaming-up with different clients and colleagues to solve challenging puzzles across different businesses.
Our company culture
RiskQuest is a consulting firm specialising in developing state-of-the art models and solutions for managing financial risks, preventing money laundering and terrorist financing, and making data-driven decisions to realise a sustainable strategy.
Since we were founded in 2008, we have been able to build and maintain an impressive customer base and work for all major Dutch financial institutions, including the Dutch central bank. We focus on our three pillars; Data Science, Financial Risk Modelling and Data Foundation.
The growing team consists of 60 exceptional quants with backgrounds in mathematics, physics, and econometrics, combined with a strong commercial sense and the ability to explain complex matters to management, development, and academic audiences.
Our beautiful office is located at the Herengracht in Amsterdam. The working culture is open and informal, we value entrepreneurship, and always thrive for the highest quality. There is an intense social life with daily chess matches, ping-pong competitions, after-work drinks, and regular trips.
Who are we?
RiskQuest is a consultancy firm that specializes in smart risk models that create order in a complex financial world. Our services focus on all aspects of the use of models: data, model development, model validation, policy and strategy. In recent years we have been able to build an impressive customer base. Apart from working for major Dutch financial institutions, we also build our own “in-house” models to service our clients. The type of model used depends on the assignment. For anti-money laundering we build state-of-the-art machine learning models, whilst for credit risk more traditional statistical models are employed.
What do we do?
Our services are divided into different units:
The financial risk modelling unit within RiskQuest focusses on multiple types of risk models used within financial institutions. For example, within credit risk this contains: AIRB models for capital calculations, IFRS9 models for provisioning, and models that focus on acceptance and pricing of loans during application. Within FRM, we are involved in all stages of a model life cycle: construction of the conceptual framework and dataset, model development, validation and we also help with on-sites from the regulator. Therefore, we have a broad view on what is necessary for a successful model development. The work within FRM is very diverse, colleagues have different experiences and can learn a lot from each other.
Financial crime is an ever-changing and illusive enemy. A lot is known about money laundering and other types of financial fraud. However, there are many things yet to be discovered. RiskQuest has experience in developing models to tackle both the known and unknown aspects of financial crime. With our quantitative and technical expertise, we build innovative machine learning models which efficiently detect fraudulent behavior without forgetting the need for explainability.
RiskQuest Navigator is the risk management tool of RiskQuest. It utilizes PSD2 transaction data to analyze the financial situations and risks of companies and consumers. Other players in the industry focus on PSD2 disclosure or data gathering. For us this is merely the start. We commence with this data as our raw material to describe, diagnose and ultimately predict the financial situation of your customer. We leverage our deep expertise delivered by over 40 exclusively quantitatively educated consultants to extract as much information as we can from the data.
Within our Data unit, we perform the full scope of services to prepare datasets. This includes gathering, cleaning, testing and correcting the data. We perform our services for all kinds of financial institutions. These datasets are used by financial institutions in their risk modelling.
RiskQuest consists of a team of 45 ambitious individuals with almost all quantitative backgrounds in econometrics, mathematics and physics. RiskQuest has been growing steadily over the past years and is always looking for more talent. We value social contacts between each other and an informal work environment highly, and combine this with a lot of individual freedom. This will make you feel at home quickly.
Do you want to know what possibilities there are within RiskQuest? Then take a look at: https://jobs.riskquest.com/