Credit Risk Model Developer

The Model Development department is responsible for the development of risk models at ING. We develop all credit risk, operational risk, IRRBB, trading risk, and economic capital models for ING. Model Development consists of over 250 highly specialized colleagues who are passionate about developing the best possible models to quantify the risk undertaken by ING. Our ambition is to redevelop all risk models for ING in the next few years. If you like developing models and the intellectual challenges that come with it, there is no better time to join Model Development. We are also developing new standards, systems, methods, and concepts along the way.

We are looking for colleagues in the Credit Risk Model Development team who enjoy developing Credit Risk Models for the SME and mass retail markets. These models are core to the success of ING as our models are used to manage our SME and Retail lending activities.  

Roles and responsibilities

• You will play a crucial role in the development and maintenance of models for measuring and managing credit risk for the Retail and SME portfolios, as well as steering and advising the front office colleagues when taking credit risk decisions.

• You will take responsibility for developing and calibrating credit risk models by applying ING’s modelling standards. The models that you develop will cover all products and geographical regions in the ING Bank portfolio.

• In addition to the modelling activities, you will also be responsible for further improving the measurement and monitoring of existing models.

How to succeed

• You have an academic degree (MSc or PhD), preferably in econometrics, physics, statistics, or mathematics

• You have extensive experience in using data modelling software/ or coding (C++, Java, Python, R, SAS)

• You ideally have knowledge of Basel and IFRS 9 models and experience in developing expert-based or statistical credit risk models

• You have strong analytical, problem-solving, communication and execution skills

• You have a creative and pro-active mind-set

• You can challenge the status quo

• You are a team player

• You are fluent in English

What we offer

A job where you really can make a difference and impact for our Customers. Lending is key in financing enterprises and consumers. The models that you will develop will determine and measure risk and are key in all the decisions we make. A job that provides you with lots of intellectual challenges that will boost your personal, professional, and career development.

Rewards and benefits
We want to make sure that it’s possible for you to strike the right balance between your career and your private life. Find out more about our employment conditions.

The benefits of working with us at ING include:

• A salary tailored to your qualities and experience

• 24-27 vacation days depending on contract

• Pension scheme

• 13th month salary

• 8% Holiday payment

• Mobility card

• Hybrid working

• Personal growth and challenging work with endless possibilities

• An informal working environment with innovative colleagues

About us
Curious about how ING empowers people and businesses to move forward? Discover what we do and what we can offer you.

Questions?
Contact the recruiter attached to the advertisement. Want to apply directly? Please upload your CV and motivation letter by clicking the ‘Apply’ button.