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Junior Quantitative Analyst - NN Group

Location: Boedapest
Employment: Full-time
In the Quantitative Analyst position your key contribution will cover the area of the Functional Acceptance Testing, a process for verifying and assuring the quality of the NN Risk Systems developed and maintained in-house by the Quant Development Team.

You will receive

  • A dynamic environment within a new team
  • Opportunity to make an impact
  • A market based salary

You will bring with you

  • University degree in Actuarial Sciences, Econometrics, Mathematics, Physics, or related field
  • Affinity with mathematical modelling
  • Excellent communication skills in English

Junior Quantitative Analyst

NN RAS (Risk and Actuarial Services) is a Centre of Excellence for NN Group, focusing on top quality and efficient solutions. NN RAS operates from Budapest (Hungary), where this vacant role is based. As NN RAS, we serve as an internal centre of consultancy, training, innovation and automation. We support various quantitative departments at NN Head Office in the Hague (the Netherlands) and NN subsidiaries all over Europe. Due to the increasing demand from Business Units and Head Office, the team is in a continuous and dynamic growth. Actuaries, mathematicians, data scientists, physicists and software engineers form the multinational team of NN RAS.

We care for employee satisfaction with high levels of empowerment, plenty of development opportunities, focus on healthy work-life balance and modern working conditions.

NN RAS provides support in 5 professional areas as an internal consultancy:

  • Economic Scenario Generation
  • Quant Development
  • Modelling & Scripting
  • Cashflow Modelling
  • Model Validation

Your impact as a Quantitative Analyst at NN

In the Quantitative Analyst position your key contribution will cover the area of the Functional Acceptance Testing, a process for verifying and assuring the quality of the NN Risk Systems developed and maintained in-house by the Quant Development Team.

What your risk analyses deliver

Working with us your main responsibilities will include:

  • Independently test the functional implementation of the mathematical models used to compute risk on the balance sheet of the company
  • Design the most optimal testing strategy, which may involve (partial) reimplementation of the models by means of scripting languages
  • Work together with the developers and the business analysts to deliver a high-quality product in terms of user experience and diagnostics (logging, intermediate calculation results, etc.)
  • Provide user support (e.g. analyse the model results) and trainings

We also care about you

Here at NN, care is a core value. Just as you as our Junior Quantitative Analyst indirectly care for our customers, we also take care of you. We offer great development opportunities within a professionally inspiring, yet familiar work environment. For your career development, we facilitate:

  • On-the-job training
  • Industry-specific conferences (both in Hungary and internationally)
  • In-house trainings to strengthen both your technical and soft skills
  • Job rotation within different Teams of NN RAS as well as mid-term opportunities to work abroad

Within the Quant Development Team, we work with a joint effort to deliver high-quality products to our clients from quarter to quarter, the users of our applications being from various Teams involved directly in or supporting Risk Reporting across the whole company. By joining us you will become part of a hard-working, international team with professional and expert colleagues with a desire to always achieve the best for the customer. At the same time, you will experience open communication and mutual support towards each-other within the team.

While building our applications we consider not only regulatory requirements but also user requests, while continuously trying to optimize our solutions by making use of the latest technologies. In order to harmonize all this, innovative thinking is encouraged and highly appreciated as well as constructive criticism.

Our purpose

Thanks to your efforts, we make our financial services relevant and more personal. Active in 18 countries with over 17 million customers, you understand our work must be faultless. We must continuously innovate and invest in an agile business model. Thanks to your professionalism we earn the trust of our customers within all our subsidiaries, and there are quite a few: NN, NN Investment Partners, Nationale-Nederlanden, OHRA, ABN AMRO Insurance, BeFrank, Zicht, AZL and Movir.

Clear conditions

As a Junior Quantitative Analyst, you will work from our beautiful brand new office located in Budapest. We will offer you a local (no expat) contract with a competitive remuneration package according to the Hungarian labor market. We offer modern employment and working conditions with room for individual choices (ergonomic equipment, flexibility in working hours, opportunity to work remotely, etc.).

Critical skills of a Quantitative Analyst

As a Quantitative Analyst you have affinity with mathematical modelling. Ideally, you also have practical knowledge of financial derivatives, including the techniques to price them. You show interest and ability to code in one or more of the following languages: Python, R, VBA, C#. In your daily work you apply a practical hands-on approach meaning that you can combine rigorous mathematical thinking with a practical business flavour. You prefer to work with a certain degree of freedom, yet always seek opportunities to cooperate with others.

University degree in Actuarial Sciences, Econometrics, Mathematics, Physics, or related field is a must as well as excellent communication skills in English.

Commit to NN

Would you like to help NN developing fast and user-friendly Risk System components, while continuously ensuring the correctness of all calculations? You want to kick start your career in a dynamic company that offers plenty of future growth opportunities as well as the possibility to do assignments internationally? Then we would like to meet you. Upload your resume via the apply button.


Information and application:


Please send your application for Junior Quantitative Analyst at NN Group in Boedapest including your resume via our website.

Job code:


Job posted

06 juni 2020
Apply Now

More information:

Do you have any questions about the job? Then please call Edina Balogh (Talent Acquisition Recruitment Specialist) at +36 70 3618063. Applications can also be submitted directly to ; your files will be treated confidentially.

Do you have any questions about the application process? Then please call

Michèle Borsjé
Senior Recruiter
t. 070-5137317
m. 06-46360105


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