Expert in IFRS9 Methodology

Job title:

Expert in IFRS9 Methodology

Company:

ING

Job description

ING is looking for Financial Risk Modellers that have a strong affinity with Credit Risk Modelling within the Financial Risk Model Development department.The teamIt is is an energetic international department of over more than 100 highly qualified professionals, who are determined to develop the best possible financial risk models to empower the customers of ING to stay ahead financially, in life and business. The expertise of the department lies in the development and management of all regulatory and non-regulatory Credit Risk, Market and Trading Risk, Operational Risk and Asset and Liability Management models with state-of-the-art modeling methods, tooling and data processing technologies. These models are core to the success of ING and they are applied for different purposes, amongst others to determine the exposure measurement, capital adequacy and the management thereof.We are looking for a specialist in IFRS 9 modelling, to help tackle challenges such as ‘how does the COVID-19 pandemic impact ING’s balance sheet in terms of credit losses? ’, and ‘how to identify significant increased credit risk conditional to changes in default definition?’. The Quantitative Methods Team is a dynamic team of highly qualified professionals within Financial Risk Model Development. The core task of the team is the development and maintenance of methodologies for the models in the scope of the department. These methodologies cover model development, model monitoring and model data gathering and consumption, and form the technical base for the work done in the department. The position offers excellent opportunities to take your model development skills to the next level. Does it sound interesting? Please read on!Roles and responsibilitiesTogether with your colleagues, you will play a crucial role in enabling the development and maintenance of models for measuring and managing risks, as well as guiding and advising model development colleaguesYou will take responsibility for developing methodology based on best practices, academic research, and extensive analysis of the model-related regulatory frameworks, with applications in credit riskTogether with your colleagues, you will play a crucial role in the further development and maintenance of financial risk models, as well as steering and advising the front office colleagues when taking Financial risk decisionsYou will help in testing/finetuning IFRS 9 methodologies, providing content support to model development teams, and explaining IFRS 9 methodologies and results to senior management.You will help maintaining macro-economic data requirements, IFRS 9 model development tools and the IFRS 9 model acceptance framework.

You will contribute with your expertise to bank-wide thematic analysis related to IFRS 9 model assumptions.How to succeedMSc degree or PhD in e.g. mathematics, physics, econometricsExperience with development of (credit) (risk) modelsExcellent knowledge of statistics and/or mathematicsExcellent knowledge of programming, preferably in SAS, SQL, Python, R2 + years experience with risk modellingPreferably experience in IFRS 9 model developmentKnowledge of banking and financial industry, financial and lending products, and processesExperience in being a sparring partner/advisor to senior managementYou have strong analytical and problem-solving execution skillsYou are an independent, creative and pro-active mind-setYou have organizational skills to work in a structured way and maintain focus on the broader pictureYou have a focus on delivering pragmatic and feasible solutionsFluent English language skillsYou are keen on delivering new approaches by a research-oriented attitudeYou have skills to effectively communicate with stakeholders (with non-technical background)Rewards and benefitsWe 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 atThe benefits of working with us at ING include:A salary tailored to your qualities and experience (scale 9 or 10)24-27 vacation days depending on contractPension scheme13th month salaryIndividual Savings Contribution (BIS), 3.5% of your gross annual salary8% Holiday paymentHybrid working to blend home working for focus and office working for collaboration and co-creationPersonal growth and challenging work with endless possibilitiesAn informal working environment with innovative colleaguesAbout usWith 60,000 employees and operations in approximately 40 countries, there is no shortage of opportunities for people with initiative who want to help people take a step ahead in life and in business. Do you want to work at the cutting edge of what’s possible and at the same time ensure you work with integrity and hold the customer’s interests at heart? Do you want to be surrounded by progressive, inspiring, diverse and supportive colleagues? Then there is no better place to invest your talents than at ING. Join us. Apply today.Questions?Contact the recruiter attached to the advertisement for more information. Want to apply directly? Please upload your CV and motivation letter by clicking the “Apply” button.

Expected salary

Location

Amsterdam, Noord-Holland

Job date

Thu, 30 May 2024 00:16:15 GMT

To help us track our recruitment effort, please indicate in your email/cover letter where (vacanciesineu.com) you saw this job posting.