Credit Risk Model Validator
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Job Location:
Amsterdam - Netherlands
Monthly Salary:
Not Disclosed
Posted on:
6 hours ago
Vacancies:
1 Vacancy
Job Summary
Youre someone whos energised by complex models curious by nature and driven to make a real this role you help safeguard the quality of INGs global credit risk framework - ensuring our models are sound reliable and ready to support millions of decisions every day. If youre excited by quantitative challenges broad model exposure and work that genuinely matters this is where you can thrive.
The team
Youll join the Credit Risk Model Validation team - a diverse international group of specialists within INGs Model Risk Management department. Together we validate the models that power INGs credit risk decisions worldwide.
The team is collaborative analytical and openminded. We challenge each other share knowledge freely and never lose sight of INGs responsibility to take thoughtful wellinformed risk decisions. Our work strengthens regulatory compliance enhances model quality and deepens the organisations understanding of model limitations - ultimately giving customers and colleagues the confidence to move forward.
Roles and responsibilities
In this role youll take ownership of validations across a wide range of credit risk models contributing directly to INGs model landscape and decisionmaking strength.
You will:
Validate credit risk models by performing robust quantitative analyses and assessing conceptual soundness.
Develop highquality validation reports for senior management CRO staff audit and the European Central Bank.
Engage with model developers internal and external auditors and supervisory authorities during the validation process.
Assess a broad portfolio of model types including IRB (PD/EAD/LGD) IFRS9 Credit Risk Economic Capital Stress Testing Climate Risk and nonregulatory models such as credit risk feeder models underwriting models and earlywarning systems.
Advise on model improvements and contribute to the continuous strengthening of INGs model risk framework.
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 thrive in this role you bring the expertise and mindset needed to work independently and with confidence across complex credit risk models.
You have:
A strong academic background (MSc or PhD) in Econometrics Mathematics Physics Economics or another quantitative field.
Experience working with credit risk models (PD/LGD/EAD) ideally including handson model validation.
Solid knowledge of AIRB and/or IFRS9 modelling and validation practices.
Programming skills in SAS or a similar analytical language.
A proactive analytical and constructive approach to challenging assumptions and identifying improvements.
Clear communication skills and the ability to write concise wellstructured reports in English.
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
25 - 28 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!
