Expert in IFRS9 Methodology

ING is looking for Financial Risk Modellers that have a strong affinity with Credit Risk Modelling within the Financial Risk Model Development department.

The team

It is is an energetic international department of over more than 100 highly qualified professionals, who are determined to develop the best possible financial risk models to empower the customers of ING to stay ahead financially, in life and business. The expertise of the department lies in the development and management of all regulatory and non-regulatory Credit Risk, Market and Trading Risk, Operational Risk and Asset and Liability Management models with state-of-the-art modeling methods, tooling and data processing technologies. These models are core to the success of ING and they are applied for different purposes, amongst others to determine the exposure measurement, capital adequacy and the management thereof. 

We are looking for a specialist in IFRS 9 modelling, to help tackle challenges such as ‘how does the COVID-19 pandemic impact ING’s balance sheet in terms of credit losses? ’, and ‘how to identify significant increased credit risk conditional to changes in default definition?’. The Quantitative Methods Team is a dynamic team of highly qualified professionals within Financial Risk Model Development. The core task of the team is the development and maintenance of methodologies for the models in the scope of the department. These methodologies cover model development, model monitoring and model data gathering and consumption, and form the technical base for the work done in the department. The position offers excellent opportunities to take your model development skills to the next level. Does it sound interesting? Please read on!

Roles and responsibilities

• Together with your colleagues, you will play a crucial role in enabling the development and maintenance of models for measuring and managing risks, as well as guiding and advising model development colleagues

• You will take responsibility for developing methodology based on best practices, academic research, and extensive analysis of the model-related regulatory frameworks, with applications in credit risk

• Together with your colleagues, you will play a crucial role in the further development and maintenance of financial risk models, as well as steering and advising the front office colleagues when taking Financial risk decisions

• You will help in testing/finetuning IFRS 9 methodologies, providing content support to model development teams, and explaining IFRS 9 methodologies and results to senior management.  

• You will help maintaining macro-economic data requirements, IFRS 9 model development tools and the IFRS 9 model acceptance framework.

• You will contribute with your expertise to bank-wide thematic analysis related to IFRS 9 model assumptions.

How to succeed

• MSc degree or PhD in e.g. mathematics, physics, econometrics

• Experience with development of (credit) (risk) models

• Excellent knowledge of statistics and/or mathematics

• Excellent knowledge of programming, preferably in SAS, SQL, Python, R

• 2 + years experience with risk modelling

• Preferably experience in IFRS 9 model development

• Knowledge of banking and financial industry, financial and lending products, and processes

• Experience in being a sparring partner/advisor to senior management

• You have strong analytical and problem-solving execution skills

• You are an independent, creative and pro-active mind-set

• You have organizational skills to work in a structured way and maintain focus on the broader picture

• You have a focus on delivering pragmatic and feasible solutions

• Fluent English language skills

• You are keen on delivering new approaches by a research-oriented attitude

• You have skills to effectively communicate with stakeholders (with non-technical background)

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 http://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 (scale 9 or 10)

• 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.