Risk Model Oversight Expert

ING Italia; Milano; Hybrid; EUR 45,000 - 55,000; Full time

Benefits offered by this job

Flexible smart working

Competitive salaries

Diverse cultures

International environment

Sustainability commitment

Training opportunities

Well-being initiatives

Birthday day off

Water & coffee at office

Job summary

ING Italia is seeking a group-level expert to oversee regulatory credit risk models (IRB and IFRS 9) and supervise model changes, coordinating with the ECB and external auditors.

You will advise senior Risk Management and Model Development teams, applying independent technical judgement on model risk, governance, and supervisory expectations, while operating in an international team.

Qualifications

• Master’s degree in a relevant field.
• 6–12 years of experience in credit risk modelling, supervision or closely related fields.
• Strong understanding of IRB and IFRS 9 frameworks and regulatory context.
• Ability to translate regulatory requirements into defensible modelling and governance decisions.

Responsibilities

• Oversee group-level changes to regulatory credit risk models and rating systems.
• Perform advisory and QA reviews of IMIs and on-site inspections, coordinating submissions and Q&As.
• Manage senior stakeholders across the end-to-end credit risk model lifecycle globally, including ECB and external auditors.
• Represent ING in IMIs, on-site inspections and regulatory discussions related to credit risk models.

Skills

Credit risk modelling

IRB/IFRS9 knowledge

Regulation & policy

Quantitative judgement

Communication

English proficiency

Education

Master’s degree

Job description

Group‑level expert role at ING with oversight of regulatory credit risk models, including IRB and IFRS 9. The role covers oversight of model changes, On‑Site Inspections and Internal Model Investigations, with direct interaction with the ECB and external auditors. You will support, advise and challenge senior Risk Management and Model Development teams, exercising independent technical judgement on model risk, methodology and supervisory expectations.

The Team

The team is ING’s center of expertise for regulatory credit risk models and on‑site inspections, providing Group‑level oversight of credit risk model strategy across global and local IRB and IFRS 9 models. It coordinates local model development activities across ING, ensuring alignment with Group methodological standards and regulatory requirements.

The team leads on‑site inspections and model investigations, supports senior internal stakeholders with deep subject‑matter expertise, and coordinates technical engagement with the ECB and external auditors.

You will join an experienced international team with diverse backgrounds in credit risk modelling and supervision, working collaboratively on complex regulatory and modelling challenges at Group level.

Roles and Responsibilities

Senior content‑driven expert responsible for Group‑level oversight of regulatory credit risk model changes, supporting, advising and challenging senior Risk Management and Model Development teams on IRB and IFRS 9 models, while exercising independent technical judgement on model risk, methodology and supervisory expectations.

Specific Tasks and Responsibilities

• Oversee changes to regulatory credit risk models and rating systems at Group level, acting as both advisor and controller.
• Perform advisory and quality‑assurance reviews of IMIs and on‑site inspections, including coordination of supervisory submissions, presentations and Q&As.
• Manage senior internal stakeholders across the end‑to‑end credit risk model lifecycle globally, as well as external stakeholders, in particular the ECB and external auditors.
• Represent ING in IMIs, on‑site inspections and regulatory discussions related to credit risk models.

Specific Knowledge and Experience

• Background: You bring a Master’s degree and 6–12 years of experience in credit risk modelling, supervision or closely related fields.
• Credit Risk Modelling: You have broad, hands‑on expertise in credit risk modelling, combining strong statistical depth with practical understanding of IRB and IFRS 9 frameworks, policy implications and regulatory context.
• End‑to‑End Perspective: You understand the full regulatory credit risk model lifecycle and are able to identify, assess and manage model risk at Group level.
• Regulation & Policy: You apply capital requirements regulation, credit risk policies and model risk frameworks with sound judgement, translating regulatory requirements into defensible modelling and governance decisions.
• Quantitative Judgement: You demonstrate strong command of quantitative and statistical concepts relevant to credit risk models, and can critically assess analyses with a clear supervisory and materiality lens.
• Communication: You communicate technical positions clearly and precisely, engage confidently with senior stakeholders and supervisory authorities, and contribute pragmatically to the development of policies and methodologies.
• Full proficiency in English

Contract offer:

Working hours: Full time (37 hours per week)

Applicable Collective Labour Agreement: National Collective Labour Agreement for employees in the credit sector (NCLA)

Starting annual base salary from: 50.000€

Variable remuneration: in line with the applicable remuneration policies (with a target based on the role, outcomes linked to the Group, Business line/function and individual performance)

Our compensation approach is built on objective, gender-neutral criteria aligned with the role’s core requirements. That said, we believe talent goes beyond any framework: your total reward package will be tailored to reflect your unique experience, skills, and potential, ensuring we fully recognize the value you bring.

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.

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 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.