Senior Credit Risk Model Developer Wholesale
Good to see your interest in ING’s Model Development department. If you are looking for a place to progress yourself as a professional, love developing models and the intellectual challenges that come with it, there is no better place to join. We are 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.
The team
Model Development consists of over 250 highly specialized colleagues. Everyoneis as passionate as the other about developing the best possible models to quantify the risk undertaken by ING. We are divided into topic-related chapters bringing focus and specialism to the deliverables in the department.
We strive to be the best in the industry. Our ambition is to redevelop all risk models for ING in the next few years, staying up to date or ahead of regulatory, technical and market developments. Among other things we do this by developing new standards, systems, methods, and concepts along the way.
Roles and responsibilities
Within our Wholesale Chapter we are looking for new colleagues to make an impact in our development process for the Wholesale market. For us Wholesale market consists of IRB and IFRS9odels.These models are core to the success of ING as our models are used to manage our Wholesale lending activities.
You will play a crucial role in developing and maintaining models for measuring and managing credit risk for Wholesale portfolios and steering and advising the front office colleagues when taking credit risk decisions.
You will take responsibility for developing and calibrating credit risk models by applying ING’s modelling standards. The models that you develop will cover all products and geographical regions in the ING Wholesale Bank portfolio.
In addition to the modelling activities, you will also be responsible for further improving the measurement and monitoring of existing models.
Developing yourself at ING
We do not just develop models, we develop people. During your employment here at Model Development we offer you all the guidance you need as a modeler by content coaching, collaboration with seniors or training other colleagues to develop as a specialist.
However, we also offer you the chance to develop as a banking professional in the form of, for example, project management or participation in working groups. All custom to where you like to develop yourself based on regular sessions with your Lead or Department Head
How to succeed
You have good knowledge of Basel and IFRS 9 models and experience in developing expert-based or statistical credit risk models
You have an academic degree (MSc or PhD), preferably in econometrics, physics, statistics, or mathematics
You have extensive experience in using data modelling software/ or coding (SAS, Python, R)
You have the communication skill to be a sparring partner/advisor to Senior Management
You love what you do, are not afraid to challenge the status quo and strive to be a bit better every day
What we offer
A job that provides you with lots of intellectual challenges that will boost your personal, professional, and career development.A job where you really can make a difference and impact our customers. Lending is key in financing enterprises and consumers. The models that you will develop will determine and measure risk and are key in all the decisions we make.
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
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
