Junior Credit Risk Modeller SME and Retail

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 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 good knowledge of Basel and IFRS 9 models and experience in developing expert-based or statistical credit risk models

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

• You are a sparring partner/advisor to Senior Management

• 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

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. You can find out more about our employment conditions at https://www.ing.jobs/netherlands/Why-ING/benefits.htm 

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

• Individual Savings Contribution (BIS), 3.5% of your gross annual salary

• 8% Holiday payment

• Hybrid working to blend home working for focus and office working for collaboration and co-creation

• Personal growth and challenging work with endless possibilities

• An informal working environment with innovative colleagues

About us

With 60,000 employees and operations in approximately 40 countries, there is no shortage of opportunities for people with initiative who want to help people take a step ahead in life and in business. Do you want to work at the cutting edge of what’s possible and at the same time ensure you work with integrity and hold the customer’s interests at heart? Do you want to be surrounded by progressive, inspiring, diverse and supportive colleagues? Then there is no better place to invest your talents than at ING. Join us. Apply today.