Model Strategy & Monitoring Lead

ING Hubs is hiring!

We are looking for you, if you have:

• 10-15 years experience in financial risk management, supervision or related fields

• Broad expertise across credit risk modelling, statistics, policy development, regulation/supervision, combining strong technical background with domain expertise

• Extensive experience in steering/managing/organizing teams of experts over short/medium timescales

• Quantitative background, i.e. a MSc or PhD degree in e.g. (Financial) Econometrics, Financial Mathematics, Quantitative Financial Economics, Mathematics, Statistics, Physics,

• Sound knowledge of statistical inference and econometric methods

• Extensive knowledge of IRB and IFRS 9 models,

• Good understanding and interpretation of regulatory credit risk policies, attention to detail and accuracy.

English level - C1

You'll get extra points for:

• Experience in being a sparring partner/advisor to Senior Management

• Professional certification FRM/PRM/CFA or CQF

• Participation in ECB inspections on behalf of the bank, including preparation of materials and presentation of results

• Knowledge of and experience with advanced statistical techniques

• Knowledge of AIRB/IFRS9 / ESG regulations

• Experience in developing internal policies and methodologies for building and managing model risk.

Your responsibilities:

• Directly manage Product Owners and experts; In total 20+ people organized in 3 squads

• Steer and lead end-to-end IRB and IFRS9 model monitoring projects. Manage the resolution of model validation and ECB findings during annual model monitoring. Prepare annual monitoring plans and report progress to the relevant committees

• Steer and lead senior experts during methodology and tooling update

• Proactively manage internal / external stakeholders across end-to-end regulatory credit risk model lifecycle. Represent ING on matters related to internal models to regulator

• Build, grow and lead team of senior experts, motivate, recruitment / hiring / talent development of scarce senior regulatory / model experts. Build central capacity for model monitoring, methodology, tooling and oversight over regulatory model changes

• Support Head of Integrated Risk Oversight with management of regular interactions with the ECB JST concerning internal regulatory models, setting the agenda based on bank-wide priorities and align internal stakeholders on ING's standpoints regarding topics discussed.

Information about the team:

Credit Risk Model Development is an international, global team (more than 400 risk experts) located in different locations in Europe (e.g., Amsterdam, Milan, Warsaw). The key responsibility is development of robust credit risk models firmly embedded in the regulatory environment.

The role naming convention in the global ING job architecture will be "Lead Financial Risk III”.