Model Validator Credit Risk

ING is looking for enthusiastic Risk Professionals. The Credit Risk Model Validation Team is an energetic international team of highly qualified professionals within the Model Risk Management department. This fast growing team is responsible for validating the risk models used by ING worldwide. We assure that models are appropriate for the intended use and compliant with internal policies and external regulations. Our goal is to increase the ING’s understanding of a model’s limitations & weaknesses and contribute to the ongoing model improvement and ensure the added value of models.

Roles and responsibilities

Validating risk models, including performing quantitative analyses
Creating high quality validation reports that are read by e.g. senior management, CRO staff, audit and ECB
Participating in meetings with model developers, senior management, internal & external audit and the European Central Bank
Your model scope is broad and includes:
Probability of Default (PD), Loss Given Default (LGD) and Exposure at Default (EAD) models
Credit Economic Capital model (INCAP) and the concentration Risk Framework
Stress Testing framework
Non-regulatory models such as underwriting models or early-warning systems.

These models are used for measuring and managing Credit Risk at ING Bank. In particular, the models in scope are used for calculations of the Loan Loss Provisions (IFRS9) as well as the Economic and the Regulatory (Basel II) Capital.

How to succeed

We hire smart people like you for your potential. Our biggest expectation is that you’ll stay curious. Keep learning. Take on responsibility. In return, we’ll back you to develop into an even more awesome version of yourself.

An academic degree (MSc or PhD) in Econometrics, Mathematics, Physics, Economics or another quantitative/numerical field
3 to 6 years experience, for more experienced candidates relevant work experience with credit risk models (PD/LGD/EAD)
Knowledge in modelling/validation in either A-IRB or IFRS9
Programming experience in SAS or another similar programming language
An independent, creative and pro-active way of working
Critical but positive constructive mind-set
A team player
Excellent communication skills and ability to write clear reports 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.

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.

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Questions about this opportunity?

Feel free to contact Julia Elekes, Recruiter. e-mail: julia.elekes@ing.com