Credit Risk Model Developer

ING Group; Milano; Ibrido; EUR 50.000 - 70.000; Tempo pieno

Descrizione del lavoro

A leading digital bank in Milan seeks a Risk Model Developer to enhance risk models for retail portfolios under IRB and IFRS9 frameworks. The role involves developing models, monitoring performance, and collaborating with internal teams. Ideal candidates will have over 4 years of experience in model development and strong technical skills in data management tools like SAS, Python, and MATLAB. Join a flexible work environment that promotes personal and professional growth.

Servizi

Super flexible smart working

Competitive base salaries and performance based bonuses

Diverse cultures & Innovative mindsets

International Environment

Commitment to sustainability

Training development opportunities

Moments dedicated to physical and mental well-being

Special day off on birthday

Free water & coffee at the office

Competenze

• Minimum 4 years of experience in IRB/IFRS9 model development or validation for retail portfolios.
• Solid background in quantitative risk modeling and regulatory compliance.

Mansioni

• Develop and maintain AIRB and IFRS9 models throughout all project phases.
• Monitor model performance through periodic backtesting.
• Define and execute action plans to address validation findings.
• Support implementation and production deployment.
• Collaborate with internal and external assessment teams.
• Conduct ad-hoc qualitative and quantitative analyses.
• Perform portfolio monitoring focusing on risk parameter evolution.
• Prepare reports for Senior Management on model performance.
• Ensure models integrate into business processes.

Conoscenze

Strong knowledge of EBA and IRB regulations

Technical proficiency in data management and modeling tools

Excellent ability to interact with senior management

Strong collaboration skills with internal stakeholders

Proven team coordination and time management

Fluent in English

Strumenti

SAS

Python

MATLAB

Descrizione del lavoro

You will join the Model Development Unit within the Retail Credit Risk area, contributing to the design and enhancement of risk models for retail portfolios. Specifically, you will be part of the team responsible for developing models for calculating risk parameters (PD, LGD, EAD) under both IRB and IFRS9 frameworks.

Key Responsibilities

• Develop and maintain AIRB and IFRS9 models, managing all project phases: initiation, data collection, model development, validation interaction, and regulatory engagement (ECB when required).
• Monitor model performance through periodic backtesting and implement corrective actions when necessary.
• Define and execute action plans to address validation findings and regulatory feedback.
• Support implementation and production deployment, including test strategy definition, result verification, and corrective measures.
• Collaborate with internal and external assessment teams (Internal Validation, Audit, ECB) ensuring timely adoption of recommendations.
• Conduct ad-hoc qualitative and quantitative analyses, including impact assessments and sensitivity analyses for forecasting, new product introduction, pricing, and model changes.
• Perform portfolio monitoring with a focus on risk parameter evolution.
• Prepare reports for Senior Management on model performance and corrective actions.
• Ensure integration of models into business processes and promote knowledge sharing across the organization.
• Act as a change agent, fostering awareness and adoption of advanced risk modeling practices.

Skills & Competencies

• Strong knowledge of EBA and IRB regulations (CRR, EBA guidelines, etc.).
• Technical proficiency in data management and modeling tools (SAS, Python, MATLAB, etc.).
• Excellent ability to interact with senior management, validation teams, and supervisory authorities.
• Strong collaboration skills with internal stakeholders (IT, Data Management, Finance, etc.).
• Proven team coordination, time management, and organizational skills.
• Fluent in English, both written and spoken.

Required Experience

• Minimum 4 years of experience in IRB/IFRS9 model development or validation for retail portfolios.
• Solid background in quantitative risk modeling and regulatory compliance.

Location:Milan (hybrid)

About ING

ING offers many opportunities to build a diverse and rewarding career. You will be joining an international innovative digital bank, the first in Italy to adopt a fully flexible smart working model, and you will be working in a stimulating environment where you can grow both as an individual and as a professional.

Our purpose - empowering people to stay a step ahead in life and in business - represents our belief in people’s potential. We don’t judge, coach or to tell people how to live their lives. We empower people and businesses to realize their own vision for a better future.

#doyourthing is our brand direction with us each and every day. It is how we articulate our purpose and our promise to make banking frictionless to the world. ‘do your thing’ is about people being free to live the life they want to live, knowing that they will make their world a little better for it.

Do you think you are "a step ahead"? Apply now!

The benefits of joining ING

In addition to being a part of a great team, working in a fun and innovative environment, we offer:

• Super flexible smart working
• Competitive base salaries and performance based bonuses
• Diverse cultures & Innovative mindsets
• International Environment
• Commitment to sustainability
• Lots of training development opportunities to help you grow
• Lots of moments dedicated to physical and mental well-being
• A special day off when it is your birthday: we call it #doyourbirthday!
• And of course we can’t forget: free water & coffee at the office!

Our Commitment

Diversity is a fundamental element of our corporate culture, and we are fully committed to creating a safe and inclusive environment, based on mutual respect and the value of diversity, offering equal job opportunities to all qualified candidates.

Job Application Safety Reminder

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• Apply only via official ING platforms: ING uses Workday as its internal recruitment system. Applications should be submitted only via our official career site.
• Check the sender’s email carefully: legitimate communication will always come from: @ing.com and/or @myworkday.com
• No payments or banking details will ever be requested. If someone asks for this information, it’s a scam.