Senior Credit Risk Model Developer – Cross Analytics

The Model Development department is responsible for the development of risk models at ING. We develop all credit risk, operational risk, IRRBB, trading risk, and economic capital models for ING. Model Development consists of over 250 highly specialized colleagues who are passionate about developing the best possible models to quantify the risk undertaken by ING. Our ambition is to redevelop all risk models for ING in the next few years. If you like developing models and the intellectual challenges that come with it, there is no better time to join Model Development. We are also developing new standards, systems, methods, and concepts along the way.

We are looking for senior colleagues in the Credit Risk Model Development/Retail&SME Cross-Model Analytics team. The team consists of approximately 8 model development experts and focuses on coordinating and executing overarching activities with regards to Retail&SME model data, analytics, strategy, development/monitoring and closure of issues for the Retail&SME AIRB and IFRS 9 models.

The activities that your team is responsible for are key in the decisions for ING Retail and Business Banking. Given the nature and complexity of the projects, planning, managing progress, organizing decision making and managing alignment throughout the organisation are crucial.

Roles and responsibilities

You and your team have the responsibility that the overarching activities with regards to Retail&SME model data, analytics, strategy, development/monitoring, closure of issues for the models are successfully managed. In particular you will focus on

• assessing model feedback for all Retail&SME models and defining improvement actions that need to be executed;
• assessing the impact and playing a role in formulating an overarching model strategy of new/ changed regulations and market developments;
• ensuring that model data requirements for the development and monitoring activities are clear, implemented and kept up to date in the organisation (in close cooperation together with the methodology and data teams);

How to succeed

• You have an academic degree (MSc or PhD), preferably in econometrics, physics, statistics, or mathematics
• You have good knowledge of Basel and IFRS 9 models and experience in developing expert-based or statistical credit risk models
• You have extensive experience in using data modelling software/ or coding (C++, Java, Python, R and/or SAS)
• You are a sparring partner/advisor to Senior Management
• You have strong analytical, problem-solving, communication and execution skills
• You have a creative and pro-active mind-set
• You can challenge the status quo
• You are a team player
• You are fluent in English

What we offer

A job where you really can make a difference and impact for our Customers. Lending is key in financing enterprises and consumers. The models in your scope will determine and measure risk and are key in all the decisions we make. 

A job that provides you with lots of intellectual challenges that will boost your personal, professional, and career development.

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. You can find out more about our employment conditions at https://www.ing.jobs/netherlands/Why-ING/benefits.htm 

The benefits of working with us at ING include:

•  A salary tailored to your qualities and experience 
• 24-27 vacation days depending on contract
• Pension scheme
• 13th month salary
• Individual Savings Contribution (BIS), 3.5% of your gross annual salary
• 8% Holiday payment
• Hybrid working to blend home working for focus and office working for collaboration and co-creation
• Personal growth and challenging work with endless possibilities
• An informal working environment with innovative colleagues

About us

With 60,000 employees and operations in approximately 40 countries, there is no shortage of opportunities for people with initiative who want to help people take a step ahead in life and in business. Do you want to work at the cutting edge of what’s possible and at the same time ensure you work with integrity and hold the customer’s interests at heart? Do you want to be surrounded by progressive, inspiring, diverse and supportive colleagues? Then there is no better place to invest your talents than at ING. Join us. Apply today.

Questions?

Contact the recruiter attached to the advertisement for more information. Want to apply directly? Please upload your CV and motivation letter by clicking the “Apply” button.

Please note, multiple interview steps involving various business stakeholders will be part of the selection process.