Senior Credit Risk Model Expert

The Model Development department is responsible for the development of risk models. 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. We are also developing new standards, systems, methods, and concepts along the way.

We are looking for a senior colleague in the Credit Risk Model Development/Retail&SME Cross-Model Analytics team. The team consists of approximately 8 model development experts and focuses on coordinating and executing overarching activities with regards to model lifecycle and model strategy for Retail&SME IRB and IFRS9 models. 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 and your team have the responsibility that the overarching activities with regards to Retail&SME credit risk models are successfully managed. In particular you will focus on:

• Assessing model feedback for all credit risk Retail&SME models and defining improvement actions that need to be executed;
• Ensuring resolution of model-related issues, adherence to regulatory requirements and internal policies
• Performing analysis in response to requests from internal model validation function, internal and external audit and the regulator.
• Providing guidance to stakeholders on model lifecycle-related topics and related internal and external requirements
• Assessing the impact and playing a role in formulating an overarching model strategy of new/ changed regulations and market developments;
• Ensuring that model data requirements for the development and monitoring activities are clear, implemented and kept up to date in the organisation (in close cooperation together with the methodology and data teams);

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

What we offer

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. 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.

Questions?

Contact the recruiter attached to the advertisement for more information. Want to apply directly? Please upload your CV and motivation letter by clicking the “Apply” button.

Please note, multiple interview steps involving various business stakeholders will be part of the selection process.