Credit Risk Model Developer Expert

ING Hubs B.V. sp. z o.o. Oddział w Polsce; Warszawa; On-site; PLN 145,080 - 245,520; Full time

Job summary

ING Hubs B.V. sp. z o.o. Oddział w Polsce in Warsaw is seeking a Model Developer IV to drive the development of robust PD, EAD, and LGD IRB/IFRS9 credit risk models within an international team. The role demands at least 5 years of experience in model development and strong statistical skills.

You will collaborate closely with internal stakeholders and model validation units, ensuring compliance with regulatory standards. Expected salary ranges from 13,000 to 22,000 PLN gross monthly.

Qualifications

• At least 5 years of experience with IFRS9/IRB model development.
• Ability to analyze data and provide solutions.
• Experience as a sparring partner/advisor to Senior Management.

Responsibilities

• Development of PD, EAD, LGD IRB / IFRS9 models.
• Participate in model validation and audit reviews.
• Collaborate with Model Validation Unit and stakeholders.

Skills

Statistical inference

Econometric methods

Programming (Python, SAS)

IRB and IFRS 9 models

Data preparation and quality control

English (C1)

Education

MSc in mathematics, econometrics, statistics

Tools

GIT

Job description

ING Hubs Poland is hiring! The expected salary for this position: 13 000 - 22 000 PLN gross. The financial ranges specified in the announcement are adjusted and may differ from the range specified in the remuneration regulations.

Qualifications

• MSc in mathematics, econometrics, statistics or a similar quantitative field
• Sound knowledge of statistical inference and econometric methods
• Extensive knowledge of IRB and IFRS 9 models
• Good understanding and interpretation of regulatory credit risk policies, attention to detail and accuracy
• At least 5 years of experience with development of IFRS9/IRB models, with programming (e.g. Python, SAS), databases, data modelling, data preparation and data quality control
• Ability to clearly and succinctly express ideas, facts and opinions
• Ability to identify problems, analyze key information and make connections, to find appropriate solutions
• Complete tasks and achieve results in an efficient, timely and high-quality manner, with a focus on execution and delivery of targets and KPIs
• English level - C1
• Extra points for: experience in being a sparring partner/advisor to Senior Management
• Knowledge of advanced statistical techniques
• Knowledge of AIRB/IFRS9 regulations
• Familiarity with version control systems (e.g. GIT)
• Professional certification: FRM/PRM/CFA or CQF
• Experience with databases, data preparation and data quality control

Responsibilities

• Development of PD, EAD, LGD IRB / IFRS9 models in Retail / Wholesale bank
• Be part of credit risk models life cycle: data sourcing, model development and annual monitoring, model implementation and support
• Model validation and audit reviews (internal and external)
• Share knowledge and expertise
• Collaborate with internal Model Validation Unit during model development, model monitoring and review processes
• Interact with stakeholders
• Write reports / model documentation

Team

Credit Risk Model Development is an international, global team (more than 400 risk experts) located in different locations in Europe (e.g., Amsterdam, Milan, Warsaw). The key responsibility is development of robust credit risk models firmly embedded in the regulatory environment. The role naming convention in the global ING job architecture will be "Model Developer IV".