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Mollie

Online payments platform for businesses

Model Risk Officer

Risk ManagementConfirmed live in the last 24 hours
Full-timeAmsterdam, NetherlandsNo salary listedIn-person

About the Job

Requirements

  • Around 5 to 7 years of experience in model risk management or model validation within a bank, preferably across at least one of credit, IRRBB and capital models.
  • Solid working knowledge of European Central Bank model risk expectations and how model validation should be structured and evidenced.
  • Comfort building a model risk framework and validation approach from the ground up.
  • Strong quantitative skills to critically assess model methodology, assumptions and performance, and discipline to document findings clearly.
  • Ability to explain model limitations and validation findings to model owners and senior stakeholders, and confidence to hold a position under challenge.
  • Curiosity about how artificial intelligence can accelerate parts of model validation that do not require human judgement.

Responsibilities

  • Build and own Mollie's model risk management framework and policy, including model risk appetite, validation standards and the model risk lifecycle.
  • Set up and maintain the model inventory for credit, IRRBB and capital models, including materiality and risk tiering for each.
  • Coordinate independent second-line validation and challenge before models are used, including credit risk and expected credit loss, IRRBB, and Pillar 1 and Pillar 2 capital models.
  • Design the ongoing monitoring and re-validation cycle with the Machine Learning team, covering performance testing, limitation tracking and re-validation triggers.
  • Partner with model owners in Credit Risk and Treasury asset-liability management, and coordinate within the second-line Risk function so model risk challenge is integrated into wider risk and capital frameworks.
  • Coordinate clear, well-documented validation reports and model risk information that meet scrutiny from the Dutch National Bank, European Central Bank, external auditors and internal audit.

Desired Qualifications

  • Experience across at least one of credit, IRRBB and capital models is preferred.

About the Company

Mollie

Online payments platform for businesses

Mollie provides a payments and money-management platform for European businesses, enabling online and in-person payments, recurring billing, fraud prevention, and basic financial services like business accounts and financing. Merchants integrate Mollie to accept multiple payment methods (cards, PayPal, SEPA, iDEAL) via a simple onboarding and a unified dashboard; payments run on a transaction-based model with tools like hosted checkout and Tap for in-person payments. The platform supports many European markets with local and international methods and a single interface for managing payments and reconciliation. Its goal is to help European businesses grow revenue by making payments easy, reliable, and scalable across channels and countries.

Company size
1,001-5,000
Company stage
Series C
Total funding
$865M
Headquarters
Amsterdam, Netherlands
Founded
2004

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