Model Developer - Credit Risk Regulatory Modelling

ING Belgium; Brussel Hoofdstad; On-site; EUR 65,000 - 90,000; Full time

Job summary

ING Belgium is seeking a Model Developer to join the Credit Risk Regulatory Modelling team. You will develop and maintain regulatory credit risk models used for Basel regulation and IFRS 9, translating requirements into modelling solutions and supporting model lifecycle activities.

The role involves collaboration across Risk, Finance and Business teams, with interactions with auditors and regulatory authorities, and requires strong analytical skills and English proficiency.

Qualifications

• Master's degree or PhD in Econometrics, Mathematics, Statistics, Physics, Economics or another quantitative discipline.
• Experience in credit risk modelling, preferably within IRB and/or IFRS 9 frameworks.
• Professional proficiency in English.
• Strong analytical and problem-solving skills.

Responsibilities

• Develop, maintain and monitor credit risk models, including PD, LGD, EAD and IFRS 9 models.
• Translate regulatory requirements into modelling solutions and perform quantitative analyses.
• Support the implementation and validation of models throughout their lifecycle.
• Prepare high-quality analyses and reports for senior management, Model Validation, Audit and regulatory authorities.
• Collaborate with stakeholders across Risk, Finance and Business teams.
• Participate in discussions with internal and external auditors, Model Validation teams and the European Central Bank.

Skills

Analytical thinking

Communication skills

Stakeholder management

Independent work

Problem solving

Proactive attitude

English proficiency

Education

Master's degree or PhD in Econometrics, Mathematics, Statistics, Physics, Economics or another quantitative discipline

Tools

SAS

Statistical programming languages

Job description

Do you want to make an impact on the future of risk modelling? At ING Belgium, we are looking for a Model Developer to join our Credit Risk Regulatory Modelling team. In this role, you will contribute to the development, maintenance and enhancement of regulatory credit risk models that support key business and regulatory decisions. You will work in an international environment alongside highly qualified professionals and play an important role in ensuring the robustness and accuracy of ING's credit risk framework.

Your role

As a Model Developer, you will be responsible for the development and maintenance of models used to calculate Regulatory Credit Capital under Basel regulations and Loan Loss Provisions under IFRS 9.

You Will

• Develop, maintain and monitor credit risk models, including PD, LGD, EAD and IFRS 9 models
• Perform quantitative analyses and translate regulatory requirements into modelling solutions
• Support the implementation and validation of models throughout their lifecycle
• Prepare high-quality analyses and reports for senior management, Model Validation, Audit and regulatory authorities
• Collaborate with a wide range of stakeholders across Risk, Finance and Business teams
• Participate in discussions with internal and external auditors, Model Validation teams and the European Central Bank

We are looking for

• A Master's degree or PhD in Econometrics, Mathematics, Statistics, Physics, Economics or another quantitative discipline
• Experience in credit risk modelling, preferably within IRB and/or IFRS 9 frameworks
• Strong analytical and problem-solving skills
• Experience with SAS or other statistical programming languages
• The ability to work independently while maintaining a collaborative mindset
• Excellent communication and stakeholder management skills
• A proactive, critical and solution-oriented attitude
• Professional proficiency in English

What we offer

• Challenging projects at the forefront of risk management and regulation
• A collaborative and international working environment
• Opportunities for continuous learning and development
• An agile way of working where innovation is encouraged
• Flexible working arrangements
• A competitive salary package with a wide range of additional benefits