Model Risk Validator — Validate Models, Insight (Hybrid)

ING Nederland; Amsterdam; Hybrid; EUR 90,000 - 140,000; Full time

Benefits offered by this job

Hybrid working

25-28 vacation days

Pension scheme

13th month salary

8% Holiday payment

Personal growth

Informal working environment

Job summary

ING Nederland in Amsterdam is seeking an energetic, hands-on Model Validator to support the Chapter Lead IRRBB & ICLAAP within Model Validation Financial Risk. You will assess model risk across a broad scope, from behavioral and interest rate models to valuation and pricing.

The role requires a MSc/PhD in quantitative fields, strong Python/R skills, regulatory knowledge, and the ability to challenge senior stakeholders.

Qualifications

• MSc or PhD in a quantitative field with professional model risk experience.
• Adequate technical and regulatory expertise in quantitative modelling and risk management.
• Strong programming in Python and/or R with attention to detail.
• Excellent communication skills to explain complex topics to stakeholders.
• Ability to challenge 1st MLoD on model risk and manage multiple priorities.
• Continuous improvement mindset and openness to innovation.

Responsibilities

• Conduct timely, high-quality model validations in line with regulations and frameworks.
• Prepare validation reports and present findings to committees and stakeholders.
• Participate in thematic reviews and provide expert advice on model risk issues.
• Support development and implementation of innovative validation frameworks.
• Collaborate across chapters and locations to share best practices.
• Maintain constructive relationships with Model Development, Risk, Audit, regulators.

Skills

Python

R

Model validation

Regulatory knowledge

Quantitative modelling

Education

MSc/PhD in Econometrics/Financial Mathematics/Quantitative Finance/Mathematics/Statistics/Physics

Job description

ING Nederland in Amsterdam is seeking an energetic, hands-on Model Validator to support the Chapter Lead IRRBB & ICLAAP within Model Validation Financial Risk. You will assess model risk across a broad scope, from behavioral and interest rate models to valuation and pricing.

The role requires a MSc/PhD in quantitative fields, strong Python/R skills, regulatory knowledge, and the ability to challenge senior stakeholders.