Model Developer XVA & CCR
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Job Location:
Amsterdam - Netherlands
Monthly Salary:
Not Disclosed
Posted on:
24-08-2025
Vacancies:
1 Vacancy
Job Summary
Do you thrive on solving complex quantitative challenges and want to make an impact in financial markets At ING were looking for a Model Developer with XVA and CCR expertise to join our Risk Trading Quant Team. This is your chance to work on cutting-edge risk models in a dynamic international environment where curiosity and innovation are celebrated.
The team
Youll be part of an energetic highly qualified international team within the Integrated Risk Model Development department. Our focus is on Trading Risk models including Valuation Risk and Counterparty Credit Risk (CCR) for the Trading Book. The department consists of multiple expert teams covering Trading Risk Credit Risk and Market Risk models. Within Trading Risk Quants we specialize in Financial Markets modelling across asset classes: IR/INF EQ/COM FX/CR and XVA/CCR. Your sub-team will concentrate on XVA pricing and CCR risk collaborating closely with risk managers and traders to deliver robust innovative solutions.
Roles and responsibilities
As a Model Developer you will design and implement methodologies that underpin INGs trading risk framework. Your work will directly influence risk management and valuation practices across the bank. You will:
Design Counterparty Credit Risk models (PFE/EAD modelling and backtesting procedures) and implement them in our benchmark library.
Perform production system implementation checks or implement models directly in production systems.
Develop valuation adjustment models to account for model risk uncertainty in XVA and implement these adjustments in production.
Design and implement model monitoring methodologies.
Contribute to Trading Risk methodologies such as VaR scenario specifications and Risk Not in Model.
Provide quantitative support to risk managers and traders integrating new products and pricing models into existing frameworks.
Develop tools to analyze model choices and methodologies for P&L explainers or market data proxies.
How to succeed
We hire smart people like you for your potential. Our biggest expectation is that youll stay curious. Keep learning. Take on return well back you to develop into an even more awesome version of yourself.
To excel in this role you bring:
A PhD (or MSc with additional relevant experience) in a quantitative field such as mathematics physics statistics or econometrics.
At least 5 years of experience in:
Market Risk or Counterparty Credit Risk models and their implementation in Python and/or C.
Derivatives pricing in one or more asset classes (Interest Rate & Inflation FX Credit Equity Commodities and/or XVA) including model implementation.
Familiarity with key regulatory frameworks (CRR Market Risk FRTB Prudent Valuation).
Experience with production systems is a plus.
Strong communication skills and fluency in English.
A constructive proactive attitude and ability to work collaboratively in a team.
Rewards and benefits
We want to make sure that its 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:
A salary tailored to your qualities and experience
2528 vacation days depending on contract
Pension scheme
13th month salary
8% Holiday payment
Mobility card
Hybrid working
Personal growth and challenging work with endless possibilities
An informal working environment with innovative colleagues
About us
Curious about how ING empowers people and businesses to move forward Discover what we do and what we can offer you.
Questions
Contact the recruiter attached to the advertisement. Want to apply directly Please upload your CV and motivation letter by clicking the Apply button.
Key Skills
- Python
- C/C++
- Fortran
- R
- Data Mining
- Matlab
- Data Modeling
- Laboratory Techniques
- MongoDB
- SAS
- Systems Analysis
- Dancing
About Company
ING Global Career Opportunities - Welcome to 'careers at ING'. We give you the space to develop yourself as an intern, trainee and professional. Check out our opportunities. Jump on!
