Credit Risk Specialist — Residential Mortgages 

Bringing specialist risk expertise to residential mortgages. 

Nexent Bank exists for transactions that need real expertise, not a rubber stamp. We built our name in trade finance, backing complex cross-border deals other banks were happy to pass on. Now we’re bringing that same discipline into new markets — starting with Dutch residential mortgages — because the model doesn’t change: understand the risk better than anyone else, and price it accordingly. 

That means our colleagues aren’t just employees; they’re the specialists others turn to when things get complicated — on a deal, in the code, in the data, or in a loan file. We back that expertise with room to grow, decisions made close to the work, and a culture that trusts you to know your craft. 

About Credit Risk — Residential Mortgages 

Residential Mortgages is Nexent’s newest line of business, and this role sits at its foundation. Instead of originating and servicing loans ourselves, we acquire mortgage receivables from a specialist third-party originator (TPO), who remains lender of record — which means our second-line Credit Risk function exists to independently challenge every part of that arrangement: the lending mandate, the loan-level data it runs on, the IFRS 9 provisioning, and the story we tell DNB about all of it. Because the business is new, the monitoring frameworks and early-warning indicators aren’t inherited — they’re still being built, by whoever joins at this stage. 

The role 

You’ll provide independent, second-line challenge on the credit risk of Nexent’s residential mortgage programme — a portfolio originated and serviced by a TPO, with Nexent acquiring the receivables onto its balance sheet. Your job is to make sure that risk stays within appetite, is measured and provisioned correctly under IFRS 9, and is monitored on reliable, loan-level data — and to deliver the credit view that feeds into the single, integrated second-line risk opinion presented to the Managing Board. 

What you’ll do 

• Independently challenge the programme’s credit risk appetite, lending mandate and TPO eligibility criteria, and how these are reflected in the Risk Appetite Framework. 
• Own the second-line view on portfolio performance — arrears, defaults, cures, prepayment, LTV migration, vintages and concentrations — and maintain early-warning indicators using TPO/servicer loan-level data. 
• Form the second-line opinion on IFRS 9 staging, provisioning adequacy and management overlays. 
• Perform and oversee credit due diligence on acquired portfolios: eligibility and data-tape checks per forward-flow tranche, origination-file sampling and NHG-validity assessment, escalating systemic origination-quality issues where needed. 
• Co-assure, together with the NFRM outsourcing specialist, the integrity of the servicer’s loan-level data feed that the credit view depends on. 
• Deliver the credit component of the integrated second-line risk opinion and support the CRO in the supervisory dialogue with DNB. 

What you bring 

This role calls for someone equally comfortable interrogating a model and defending a position to the Managing Board. You’ll need advanced knowledge of credit risk in retail and residential mortgage portfolios, a practical command of IFRS 9 (staging, ECL, overlays) and credit models (PD/LGD, scorecards) — enough to challenge them, not necessarily build them — and a working knowledge of the Dutch mortgage market and its regulatory framework (LTV/LTI and NIBUD norms, NHG, EBA Guidelines on loan origination and monitoring, CRR). Because this is an outsourced, receivables-acquisition model, the facts you work with arrive second-hand through TPO data, so independent verification and judgement matter as much as technical knowledge. 

• Academic degree in a quantitative, economic or finance discipline (MSc a plus). 
• 5+ years’ experience in credit risk within a bank, mortgage lender or asset manager — Dutch residential mortgages or comparable retail portfolios preferred. 
• Demonstrable experience in independent second-line challenge, or a first-line analytical background with clear potential to move into a challenge role. 
• Solid knowledge of Dutch (NIBUD, NHG, THRK) and EU (EBA GL LOM) regulatory norms. 
• Dutch language skills are a strong plus. 

What we offer 

• Fully covered pension contribution.
• Competitive salary and personal development budget.
• Hybrid working environment.
• 4 weeks per year working from anywhere.
• Home office budget and monthly internet allowance. 

Ready to apply? 

If you’d rather build a risk framework from the ground up than inherit someone else’s, we want to hear from you. Apply below and tell us what draws you to being part of this from day one. Should you have any additional questions, please reach out to Karolien Arp, our recruitment business partner at: karolien.arp@nexentbank.com