Credit Risk Model Developer (multiple seniority levels)

ing; Warszawa; Hybrid; PLN 79,000 - 312,000; Full time

Benefits offered by this job

Hybrid work model

Warsaw office access

Job summary

ING Group is seeking experts in quantitative risk modelling to join the Retail Credit Risk Model Development team in Warsaw. You should have 3+ years of experience, and familiarity with Basel AIRB and IFRS9, with strong Python/SAS/R data skills.

You will work in a hybrid model, collaborating across risk, finance and compliance, and may engage regulators. Role naming: Model Developer II/III/IV/V.

Qualifications

• 3+ years of experience in quantitative risk modelling or related field.
• Academic or professional background in statistics, econometrics, data science, or financial engineering.
• Familiarity with Basel AIRB and IFRS9 frameworks encouraged or willingness to learn.

Responsibilities

• Contribute to model design, coding and testing of AIRB/IFRS9 models.
• Monitor models and participate in regulatory submissions and internal reviews.
• Lead collaboration with validation and audit teams to ensure regulatory compliance.
• Mentor junior staff and represent the team in regulatory discussions when needed.

Skills

Quantitative risk modelling

Statistics / econometrics

Python / R / SAS

Data analysis

Cross-functional teamwork

Agile / Scrum

Clear communication

Education

Master's in Statistics / Financial Engineering / Economics

Tools

SAS

Python

R

Job description

The expected salary for this position: 7100 - 28 000 PLN gross.

The financial ranges specified in the announcement are adjusted and may differ from the range specified in the remuneration regulations.

We are looking for you if:

• You are passionate about quantitative risk modelling, have 3+ years of experience and want to shape the future of credit risk management in a leading international banking group.
• You have academic or professional experience in statistics, econometrics, data science, or financial engineering.
• You are familiar with regulatory frameworks such as Basel (AIRB) and IFRS9, or eager to learn and grow in this space.
• You enjoy working in diverse, cross-functional teams and thrive in a collaborative, international environment.
• You are comfortable with programming languages such as SAS, Python or R, and have experience (or interest) in working with large datasets.
• You communicate clearly, document thoroughly and enjoy collaborating in agile squads.

You’ll get extra points for:

• Hands-on experience in developing, monitoring, or validating AIRB or IFRS9 models.
• Knowledge of banking portfolios (retail, corporate, SME, etc.) and credit risk models' lifecycle.
• Familiarity with regulatory expectations from ECB, EBA, or local supervisors.
• Strong communication skills and ability to explain complex concepts to non-technical stakeholders.
• Professional certifications such as FRM, PRM or CFA.

Your responsibilities:

• Specialists: Contribute to model design, coding, and testing; participate in regulatory submissions and internal reviews.
• Senior Specialist: Lead monitoring of AIRB/IFRS9 models and development of model parameters, coordinate with validation and audit teams, ensure compliance with regulatory standards.
• Experts: Lead development of AIRB/IFRS9 models, mentor junior staff, represent the team in regulatory discussions.
• Senior Experts: Lead complex projects, engage with senior stakeholders across risk, finance, and compliance.

Information about the team:

The Retail Credit Risk Model Development team is a center of expertise within ING Group, responsible for the development, enhancement and monitoring of regulatory and accounting models across multiple jurisdictions and portfolios. We are transitioning from project-based setup to portfolio-oriented team, enabling deep collaboration with local entities across the Group. This structure offers a unique opportunity to work on international projects, gain exposure to diverse asset classes and model types and specialize in specific portfolios - making a tangible impact on the broader risk management function. We work closely with business units, model validation, and regulatory affairs to ensure our models are robust, compliant, and fit-for-purpose. We value diversity, curiosity, and continuous learning. Whether you’re just starting your career or bringing years of experience, we offer a supportive environment where you can grow and make a real impact. We work in a hybrid model. You’re always welcome to join us in our state-of-the-art Warsaw office whenever you prefer.

Role naming convention in the global ING job architecture will be Model Developer II / III / IV or V.