Going into the final day of the 2006–07 Eredivisie season AZ were top of the league, however Waterman received a red card in a 3-2 loss to Excelsior which handed the title to PSV Eindhoven.

[5] He made his APOEL debut on 14 July 2015, in his team's 0–0 home draw against FK Vardar for the second qualifying round of the UEFA Champions League.

[11] In 2007 Waterman was called up by Jong Oranje coach Foppe de Haan to be part of his squad for the 2007 UEFA European Under-21 Football Championship held in the Netherlands.

Waterman was De Haan's first goalkeeper for the tournament and helped his team in their first match against Israel to a 1–0 victory.

The match against Portugal was eventually won and the Dutch managed to qualify for the semi-finals of the tournament as well as for the 2008 Summer Olympics.