Credit Risk Model Developer
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Job Location:
Monthly Salary:
Posted on:
10 hours ago
Vacancies:
1 Vacancy
Job Summary
You will join the Model Development Unit within the Retail Credit Risk area contributing to the design and enhancement of risk models for retail portfolios. Specifically you will be part of the team responsible for developing models for calculating risk parameters (PD LGD EAD) under both IRB and IFRS9 frameworks.
Key Responsibilities
Develop and maintain AIRB and IFRS9 models managing all project phases: initiation data collection model development validation interaction and regulatory engagement (ECB when required).
Monitor model performance through periodic backtesting and implement corrective actions when necessary.
Define and execute action plans to address validation findings and regulatory feedback.
Support implementation and production deployment including test strategy definition result verification and corrective measures.
Collaborate with internal and external assessment teams (Internal Validation Audit ECB) ensuring timely adoption of recommendations.
Conduct ad-hoc qualitative and quantitative analyses including impact assessments and sensitivity analyses for forecasting new product introduction pricing and model changes.
Perform portfolio monitoring with a focus on risk parameter evolution.
Prepare reports for Senior Management on model performance and corrective actions.
Ensure integration of models into business processes and promote knowledge sharing across the organization.
Act as a change agent fostering awareness and adoption of advanced risk modeling practices.
Skills & Competencies
Strong knowledge of EBA and IRB regulations (CRR EBA guidelines etc.).
Technical proficiency in data management and modeling tools (SAS Python MATLAB etc.).
Excellent ability to interact with senior management validation teams and supervisory authorities.
Strong collaboration skills with internal stakeholders (IT Data Management Finance etc.).
Proven team coordination time management and organizational skills.
Fluent in English both written and spoken.
Required Experience
Minimum 4 years of experience in IRB/IFRS9 model development or validation for retail portfolios.
Solid background in quantitative risk modeling and regulatory compliance.
Location:Milan (hybrid)
About ING
ING offers many opportunities to build a diverse and rewarding career. You will be joining an international innovative digital bank the first in Italy to adopt a fully flexible smart working model and you will be working in a stimulating environment where you can grow both as an individual and as a professional.
Our purpose - empowering people to stay a step ahead in life and in business - represents our belief in peoples potential. We dont judge coach or to tell people how to live their lives. We empower people and businesses to realize their own vision for a better future.
#doyourthing is our brand direction with us each and every day. It is how we articulate our purpose and our promise to make banking frictionless to the world. do your thing is about people being free to live the life they want to live knowing that they will make their world a little better for it.
Do you think you are a step ahead Apply now!
The benefits of joining ING
In addition to being a part of a great team working in a fun and innovative environment we offer:
Super flexible smart working
Competitive base salaries and performance based bonuses
Diverse cultures & Innovative mindsets
International Environment
Commitment to sustainability
Lots of training development opportunities to help you grow
Lots of moments dedicated to physical and mental well-being
A special day off when it is your birthday: we call it #doyourbirthday!
And of course we cant forget: free water & coffee at the office!
Our Commitment
Diversity is a fundamental element of our corporate culture and we are fully committed to creating a safe and inclusive environment based on mutual respect and the value of diversity offering equal job opportunities to all qualified candidates.
Job Application Safety Reminder
Were seeing an increase in fraudulent job offers. To protect yourself please follow these key guidelines when applying for roles at ING:
Apply only via official ING platforms: ING usesWorkdayas its internal recruitment system. Applications should be submitted only via our official career site.
Check the senders email carefully: legitimate communication will always come from: @ and/or @
No payments or banking details will ever be requested. If someone asks for this information its a scam.
Required Experience:
IC
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!
