Head of Risk Model Development

ING; Madrid; Híbrido; EUR 70.000 - 90.000; Jornada completa

Descripción de la vacante

A leading financial institution in Spain seeks a Head of Risk Model Development to lead the Retail Credit Risk Team. You will oversee the development of regulatory risk models, ensuring alignment with internal governance and regulatory expectations. Ideal candidates have 5-10 years of experience in quantitative risk model development, strong leadership skills, and fluency in English and Spanish. The role features a flexible work environment, competitive benefits, and a commitment to employee well-being.

Servicios

Flexible work model

Health insurance

Life insurance

Restaurant card

Company shuttle

Banking benefits

Formación

• 5-10 years of experience in quantitative risk model development.
• Excellent knowledge of statistics and mathematics.
• Strong ability to critically analyze complicated model outputs.

Responsabilidades

• Lead a team in the development of regulatory risk models.
• Oversee the governance of risk models across retail portfolios.
• Communicate modelling strategy to senior stakeholders.

Conocimientos

Quantitative risk model development

Statistical analysis

SAS

SQL

Leadership skills

Stakeholder management

Proactive mindset

Fluent English

Fluent Spanish

Educación

Bachelor's degree in Economics, Statistics, Mathematics, or Engineering

Descripción del empleo

At ING we are looking for a Head of Risk Model Development

Your role and work environment:

We are looking for a talented and enthusiastic Head of Risk Model Development to join our Retail Credit Risk Team within ING Risk Domain.

The responsibility of the Retail Credit Risk team is to oversight the risk in the Spanish Retail Lending portfolio during the whole credit lifecycle and our way of working is 100% flexible in small subject-expert areas and with a continuous interaction with international teams.

Your key responsibilities:

Lead a team of 5-7 data analysts and model developers in charge of developing risk regulatory models. As a team leader you will lead the strategic direction development and governance of risk models across the retail portfolios of Mortgages and Consumer Lending ensuring that all modelling activities align with regulatory expectations internal governance standards and business objectives.

You will play a critical role in supervising the development of IRB and IFRS9 (EAD PD LGD) and Credit decision models driving innovation in modelling practices and representing the modelling function in senior leadership and regulatory forums. The role requires strong leadership technical expertise and the ability to translate complex modelling outcomes into actionable insights for decision‑makers.

Your ability to navigate senior stakeholder relations is critical as you will be the main point of contract for all modelling conversations with senior management regulators and internal stakeholders to communicate modelling strategy.

As a Head of Risk Model Development you will:

Lead a team of 5-7 data analysts and model developers in charge of developing risk regulatory models. As a team leader you will lead the strategic direction development and governance of risk models across the retail portfolios of Mortgages and Consumer Lending ensuring that all modelling activities align with regulatory expectations internal governance standards and business objectives.

You will play a critical role in supervising the development of IRB and IFRS9 (EAD PD LGD) and Credit decision models driving innovation in modelling practices and representing the modelling function in senior leadership and regulatory forums. The role requires strong leadership technical expertise and the ability to translate complex modelling outcomes into actionable insights for decision‑makers.

Your ability to navigate senior stakeholder relations is critical as you will be the main point of contract for all modelling conversations with senior management regulators and internal stakeholders to communicate modelling strategy and outcomes.

What are we looking for

Want to know if this job is made for you These are some of the qualities that we value the most for this role. And if the shoe fits dont hesitate to apply!

• Bachelors degree or equivalent in Economics Statistics Maths or Engineering.
• 5-10 years of quantitative Risk models development experience.
• Excellent knowledge of statistics and / or mathematics as well as in SAS and SQL.
• Understanding of Basel capital framework and IFRS 9.
• Strong leadership and team management skills.
• Strong senior stakeholder management and communications skills.
• Ability to critically analyze complicated model outputs and provide challenges / recommendations.
• Pro‑active mind‑set. Focus on delivering pragmatic and feasible solutions.
• Fluent English and Spanish language skills.
• Availability for occasional travels to attend training or meetings in other ING locations.

What do we offer

The time you spend at work the challenges you face or the lessons you learn are very important, but what about your personal life? At ING we want your work to fulfil you in every way, and that is why we take care of even the smallest details.

Check out what is waiting for you!

Be flexible my friend.

Our model is all about flexibility and accountability. Keeping both our customers and our colleagues needs in mind you determine together which days you work at home and which you come to ING MAD to offer your best.

Restaurant card.

So that thinking about what to have for lunch doesn’t take up your time or your cravings.

Our house will be your home.

In our offices you can find electric mobility solutions, medical, hairdresser, gym, The Good Service (to help you with your errands) and much more!

Health insurance.

For you and all your family (spouse/partner and children).

Life insurance.

We help you protect what matters most to you.

Flexible remuneration.

In addition you will enjoy our flexible remuneration model through a more tax‑advantaged way you will be able to access other services such as nursery transport card training aids.

Free company shuttle.

It does not matter where you live. We have 6 routes (North Central South A5 A42 and A6) to get you to our ING office in Madrid comfortably.

Banking benefits.

Special loans with more beneficial conditions.

Special mortgage conditions after 6 months working at the bank.

And you can benefit from our pension plan after 1 month with us!

More vitality and more belonging

360º care of the employee (physical mental social connection & purpose).

Physiotherapy service on site.

Clinics with professional world‑class athletes.

Gympass service.

Employee Networks: Rainbow Lions (LGBTQI) Leonas & RIΝG.

International Remote work program.

Get to know Us

A fully online bank where technology, innovation, simplicity and transparency are the main ingredients and the first to work with agile methodologies.

And although we are based in Spain we are lucky to work in an international bank with presence in more than 40 countries.

We are proud to have a diverse team and we are committed to continue developing a culture of Diversity Inclusion and Belonging to foster a culture of collaboration and innovation that represents all collectives in the society.

And even though we look orange on the outside we are green on the inside. Our ambition in Sustainability is Empowering our Sustainability journey. We are embarking on our path for us but we are also there for when our clients decide to embark on this journey.

Making things happen, helping others be successful always being one step ahead – that’s our DNA. If you look at yourself in the mirror and your reflection matches our way of being and working we are looking forward to meeting you!

Qué buscamos

Quieres saber si este puesto es para ti. Estas son algunas de las cualidades que más valoramos para este rol.

• Grado universitario o equivalente en Economía Estadística Matemáticas o Ingeniería.
• Más de 5-10 años de experiencia en desarrollo cuantitativo de modelos de riesgo.
• Excelente conocimiento de estadística y / o matemáticas así como en SAS y SQL.
• Comprensión del marco de capital de Basilea y de IFRS 9.
• Sólidas habilidades de liderazgo y gestión de equipos.
• Gran capacidad de gestión de stakeholders sénior y habilidades de comunicación.
• Capacidad para analizar críticamente resultados complejos de modelos y aportar retos / recomendaciones.
• Mentalidad proactiva. Enfoque en ofrecer soluciones pragmáticas y viables.
• Dominio de inglés y español.
• Disponibilidad para viajes ocasionales para asistir a formaciones o reuniones en otras ubicaciones de ING.

Qué ofrecemos

El tiempo que pasas en el trabajo, los retos a los que te enfrentas o las lecciones que obtienes son muy importantes. Y tu vida personal. En ING queremos que tu trabajo te llene en todos los sentidos y por eso cuidamos hasta el más mínimo detalle.

¡Echa un vistazo a lo que te espera!

Sé flexible.

Nuestro modelo se basa en la flexibilidad y la responsabilidad. Teniendo en cuenta tanto las necesidades de nuestros clientes como las de nuestros compañeros tú determinas conjuntamente qué días trabajas en casa y cuáles vienes a ING MAD para ofrecer lo mejor de ti.

Tarjeta restaurante.

Para que pensar qué comer no te quite tiempo ni antojos.

Nuestra casa será tu casa.

En nuestras oficinas encontrarás soluciones de movilidad eléctrica, médico, peluquería, gimnasio, The Good Service (para ayudarte con tus recados) y mucho más.

Seguro médico.

Para ti y toda tu familia (cónyuge/pareja e hijos).

Seguro de vida.

Te ayudamos a proteger lo que más te importa.

Retribución flexible.

Además disfrutarás de nuestro modelo de retribución flexible de una forma más ventajosa fiscalmente podrás acceder a otros servicios como guardería, tarjeta de transporte, ayudas a la formación…

Lanzadera de empresa gratuita.

No importa donde vivas. Tenemos 6 rutas (Norte Central Sur A5 A42 y A6) para que llegues cómodamente a nuestra oficina ING en Madrid.

Ventajas bancarias.

Préstamos especiales con condiciones más beneficiosas.

Condiciones especiales de hipoteca a partir de los 6 meses trabajando en el banco.

Y puedes beneficiarte de nuestro plan de pensiones después de 1 mes con nosotros!

Más vitalidad y más pertenencia

360º cuidado del empleado (físico mental financiero y social).

Servicios de salud en la empresa (fisioterapia servicios psicológicos y médicos).

Deporte naranja (fútbol baloncesto running golf gympass…).

Employee Networks: Rainbow Lions (LGBTQI) Leonas & RIΝG.

Conócenos

Somos un equipo de más de 1600 personas que compartimos una idea : aportar nuestro granito de arena para ayudar a nuestros clientes a crearse un futuro mejor proporcionándoles las herramientas que necesitan para llegar donde quieren.

Un banco totalmente online donde la tecnología la innovación la sencillez y la transparencia son los ingredientes principales y el primero en trabajar con metodologías ágiles.

Y aunque tenemos nuestra sede en España tenemos la suerte de trabajar en un banco internacional con presencia en más de 40 países.

Estamos orgullosos de contar con un equipo diverso y nos comprometemos a seguir desarrollando una cultura de Diversidad Inclusión y Pertenencia para fomentar una cultura de colaboración e innovación que represente a todos los colectivos de la sociedad.

Y aunque parezcamos naranjas por fuera somos verdes por dentro. Nuestra ambición en Sostenibilidad es Empowering our Sustainability journey. Emprendemos nuestro camino para nosotros pero también estamos ahí para cuando nuestros clientes decidan emprender este viaje.

Hacer que las cosas sucedan ayudar a otros a tener éxito siempre estando un paso por delante : ese es nuestro ADN. Si te miras al espejo y tu reflejo coincide con nuestra forma de ser y trabajar. Estamos deseando conocerte!