Senior Credit Risk Modeler

ING; Amsterdam; Hybrid; EUR 90,000 - 135,000; Full time

Benefits offered by this job

Hybrid working

Pension scheme

13th month salary

Job summary

ING is seeking a senior modeler to coordinate the development and maintenance environment for Wholesale Banking credit risk models, including IRB and IFRS9. You will translate business and regulatory requirements into an actionable approach for all model life cycle steps and safeguard the model environment for consistency and robustness.

Lead end-to-end analyses, steer stakeholder meetings as a senior modeler, and defend design choices.

Qualifications

• Master’s degree in mathematics, economics or equivalent.
• 7+ years of experience in credit risk modelling.
• Risk management certification or SAS certification focused on credit risk modelling.

Responsibilities

• Coordinate the model development and maintenance environment for WB specialized lending credit risk models.
• Translate business and regulatory requirements into an approach for all model life cycle steps.
• Participate in and steer stakeholder meetings and defend model design choices.

Skills

Credit risk modelling

Regulatory compliance

Model lifecycle management

Stakeholder management

Strong communication

Education

Master's degree in mathematics or economics

Tools

SAS programming

Job description

At ING we value and support our employees before recruiting external talent. If you think this vacancy is the right next step in your ING career, we’d encourage you to apply. Should you have questions about the vacancy or need to hear more before you feel you can apply. Please do not hesitate to reach out to the responsible recruiter.

Team description

The mission of Integrated Risk is focused on providing risk identification, aggregation and insight capabilities at Group level across the various Risk domains. The team department is using those capabilities across the various risk functions, to assume a general oversight of risk governance, policies and frameworks, and to steer group-wide model and implementation activities across locations.

Specific Function

The Bank-wide Credit Risk Models department is responsible for the management of Wholesale Banking (WB) IRB and IFRS9 and the Bank-wide Credit Risk Economic Capital models - including their development, monitoring, and advisory support to the business - in cooperation with relevant stakeholders. All the models in scope are groupwide, managed and developed centrally and consistently applied across all ING’s locations.

Job description

Responsible for coordinating the Model development and maintenance environment for the Specialized Lending credit risk models related to WB. Translating business needs and regulatory requirement to an advice and approach for all Model Life Cycle steps including execution of the model development and maintenance. Responsible for safeguarding the model environment from exogenous impact and ensure consistency in design approach.

Specific Tasks and Responsibilities

• Translate Business and Regulatory requirements into a dedicated approach for the specific WB model.
• Analyse design approaches E2E at model (component) level of the model life cycle procedure throughout the model environment beyond ensuring compliancy of the model design also include requirements within the model environment which might impact the robustness and performance of the model
• Participate in and steer actively stakeholder meetings regarding all contributors to the model life cycle procedure as well as external stakeholder meetings as senior modeler to understand the deficiencies and improvement point of the model and model environment in all steps of the MLC, and to explain and defend model design choices.

Specific Knowledge and Experience

• University / Postgraduate (Master’s Degree) in mathematics, economics or equivalent
• 7+ year experience in Credit Risk modelling
• Risk management certification/SAS programming certification focused on Credit risk modelling
• Out-of-the-box - inquisite - strategic thinking, strong risk management incentive, technically fully mature credit risk modelling skills, strong communication skills (internally and externally), capability of translating complex matters in simple language, make it happen mentality
• Risk Management: Applies broad knowledge on the end-to-end regulatory credit risk model lifecycle (IT, data, model & policy development, regulation) to act as the organizational authority on identifying, assessing, prioritizing and managing model risks.
• Learning: Strongly champions and rewards exploration and out-of-the-box approaches.

Rewards and benefits

We want to make sure that it’s possible for you to strike the right balance between your career and your private life. Find out more about our employment conditions.

The benefits of working with us at ING include:

• 25-28 vacation days depending on contract
• Pension scheme
• 13th month salary
• 8% Holiday payment
• Hybrid working
• Personal growth and challenging work with endless possibilities
• An informal working environment with innovative colleagues

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