Credit Risk Model Developer

ING; Turbigo; Ibrido; EUR 50.000 - 70.000; Tempo pieno

Descrizione del lavoro

A leading digital bank in Italy is seeking a Model Developer for their Retail Credit Risk area. You will contribute to the design and enhancement of risk models for retail portfolios. Responsibilities include developing AIRB and IFRS9 models, monitoring performance, and reporting findings. A minimum of 4 years' experience in model development and strong knowledge of EBA/IRB regulations are required. The role supports a hybrid work environment and offers a culture of innovation and growth.

Servizi

Flexible smart working

Competitive salary and performance bonuses

Training and development opportunities

Special day off on your birthday

Free water and coffee at the office

Competenze

• Minimum 4 years of experience in IRB/IFRS9 model development or validation.
• Background in quantitative risk modeling and regulatory compliance.

Mansioni

• Develop and maintain AIRB and IFRS9 models across all project phases.
• Monitor model performance and implement corrective actions.
• Prepare reports for Senior Management on model performance.

Conoscenze

Knowledge of EBA and IRB regulations

Data management and modeling tools

Interaction with senior management

Collaboration skills

Time management

Fluent in English

Strumenti

SAS

Python

MATLAB

Descrizione del lavoro

Overview

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 peoples potential. We dont 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

• 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 cant 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 usesWorkdayas its internal recruitment system. Applications should be submitted only via our official career site.
• Check the senders email carefully: legitimate communication will always come from: @ and/or @
• No payments or banking details will ever be requested. If someone asks for this information its a scam.