Head of Credit Risk Modelling

ING Australia are recruiting a Head of Credit Risk Modelling which is key leadership role within our newly formed Modelling CoE under the Integrative Risk function.

The role is responsible for a team of 13-20 specialist modelers under two Senior Managers and leads the strategic direction development and governance of credit risk models across the retail and wholesale bank portfolio ensuring that all modelling activities align with regulatory expectations (APRA EBA) internal governance standards and business objectives.

You will play a critical role in supervising the development of IRB and IFRS9 and Credit decision models driving innovation in modelling practices and representing the modelling function in senior leadership and regulatory forums. The role requires strong leadership technical expertise and the ability to translate complex modelling outcomes into actionable insights for decision-makers.

Your ability to navigate senior stakeholder relations is critical as you will be the main point of contract for all modelling conversations with Board members Exco regulators (APRA ECB JST) and internal stakeholders (Tribe leads Finance Support function leads) to communicate modelling strategy (Tribe leads and Heads of Business & Operations) and outcomes.

This is the first time ING Australia has had a modelling centre of excellence and you will have the chance to guide shape and build the success of the team creating a lasting legacy in the modelling function at ING. ING is going through a huge growth phase in Australia and we want to use models as the driver for that growth. You will be one of the key factors in making that happen.

Ready to make an impact

What youll do

• Provide strategic direction for the modelling team ensuring alignment with regulatory and business objectives
• Supervise development of IRB & IFRS9 models (PD LGD EAD) Credit decision models and ensure regulatory compliance where required
• Ensure modelling practices meet APRA EBA and internal standards
• Lead and mentor two Senior Managers manage team resources and oversee performance planning

What were looking for

• 10 years of quantitative credit model development experience.
• 5 years of experience leading specialist quantitative modelling teams.
• SAS R Python or SQL coding skills. Advanced knowledge of retail credit risk/decision models.
• Knowledge of prudential standards for retail credit portfolios.
• Understanding of Basel capital framework and IFRS 9.
• Early Warning System and credit decisioning experience.
• Strong leadership & staff/resource management skills.
• Strong senior stakeholder management & reporting skills.
• Ability to critically analyse complicated model outputs and provide challenges/recommendations.

Whats in it for you

• Discounted ING Health Insurance
• An additional Rest Day to support your wellbeing
• An IMPACT day to volunteer on approved sustainability activity

About Us

At ING were all about making life simpler and more rewarding - for the people who bank with us the team members who work with us and the communities were proud to support. Joining ING means stepping into an environment where your individuality isnt just welcomed - its celebrated. Weve built a culture thats fun inclusive and supportive giving you the freedom to be yourself so you can do your thing.

Whether youre taking ownership of exciting projects thinking outside the box or working with global colleagues youll find ING is the kind of place where growth isnt just a possibility; its a promise. As a WGEA Employer of Choice for Gender Equality and Family Inclusive workplace youll feel the difference in how we value and champion our people.

We make hiring decisions based on your skills capabilities and how you align with our values - not on ticking every box. So if youre interested but dont meet all the criteria we encourage you to apply. Were invested in fostering a diverse and inclusive workplace where everyone feels like they belong. Were your alliesin helping you do your thingduring the recruitment process so let us know if you require any support or adjustments when you apply. Let us know if youd like to chat with an LGBTQ Confidential contact.

Sound like your kind of vibe We cant wait to hear from you!

(One last note: We operate using a direct talent sourcing model so no agency introductions please.)

ING is Australias most recommended bank according to RFI Globals Consumer Atlas Survey JanuaryJune 2025 (n 29510) when compared to customers of the 10 largest ADIs operating in Australia.

Need more

Contact Mark Montgomery on .

Applications close Tuesday 21st October

Before you apply
Here at ING we consider employee development to be important and encourage existing employees to apply for suitable internal positions. It is expected that any employee applying for a vacant position would have been in their current role for a minimum of twelve (12) months before applying. This may be waived in special circumstances and after consultation with your manager

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