Senior Credit Risk Model Developer

Job title:

Senior Credit Risk Model Developer

Company:

ING

Job description

The Model Development department is responsible for the development of risk models at ING. We develop all credit risk, operational risk, IRRBB, trading risk, and economic capital models for ING. Model Development consists of over 250 highly specialized colleagues who are passionate about developing the best possible models to quantify the risk undertaken by ING. Our ambition is to redevelop all risk models for ING in the next few years. If you like developing models and the intellectual challenges that come with it, there is no better time to join Model Development. We are also developing new standards, systems, methods, and concepts along the way.We are looking for senior colleagues in the Credit Risk Model Development team who enjoy developing Credit Risk Models for the SME and Retail markets. These models are core to the success of ING as our models are used to manage our SME and Retail lending activities.Roles and responsibilitiesYou will play a crucial role in the development and maintenance of models for measuring and managing credit risk for the Retail and SME portfolios, as well as steering and advising the front office colleagues when taking credit risk decisions.You will take responsibility for developing and calibrating credit risk models by applying ING’s modelling standards. The models that you develop will cover all products and geographical regions in the ING Bank portfolio.In addition to the modelling activities, you will also be responsible for further improving the measurement and monitoring of existing models.How to succeedYou have an academic degree (MSc or PhD), preferably in econometrics, physics, statistics, or mathematicsYou have good knowledge of Basel and IFRS 9 models and experience in developing expert-based or statistical credit risk modelsYou have extensive experience in using data modelling software/ or coding (C++, Java, Python, R and/or SAS)You are a sparring partner/advisor to Senior ManagementYou have strong analytical, problem-solving, communication and execution skills

You have a creative and pro-active mind-setYou can challenge the status quoYou are a team playerYou are fluent in EnglishWhat we offerA job where you really can make a difference and impact for our Customers. Lending is key in financing enterprises and consumers. The models that you will develop will determine and measure risk and are key in all the decisions we make.A job that provides you with lots of intellectual challenges that will boost your personal, professional, and career development.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 experience24-27 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.

Expected salary

Location

Amsterdam, Noord-Holland

Job date

Thu, 05 Sep 2024 23:49:36 GMT

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