Job Properties
  • Job Type
    Full-time Position
  • Background
    Finance and Economics
    IT
    Management & Business Others
    Other Science and Tech
  • Languages
    English
  • Experience Required
    3 - 5 Years
  • Degree Required
    Bachelor
    • Province
      Amsterdam
    • Date Posted
      November 02,2020
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    Senior Model Risk Expert

    Model Risk Oversight tribe (MRO) is a fast growing, energetic, international team of highly qualified Model Risk experts, Business Analysts, and Dev&Ops Engineers located in Amsterdam and Warsaw. MRO is developing and rolling out the new Model Risk Management (MoRM) framework which scope covers all models used within ING Bank worldwide, supports/guides global and local model communities in the execution of the model life cycle activities, facilitating oversight, monitoring and reporting model risk.

    What you'll do

    As a Medior/Senior Model Risk Expert, you will be responsible of rolling out the model risk management framework covering end to end model life cycle globally for IRB Rating Systems and:

    • Brings expert knowledge on IRB / Rating Systems modeling, analytics and participates in actively sharing knowledge with stakeholders
    • Contributes to the global roll-out of the Model Risk Management framework and organizes workshops, and trainings for large group of stakeholders
    • Performs maturity assessments on entity level and provides recommendations for
    • Improvement related to the embedding of the Model Risk Management framework
    • Contributes to the organization’s efforts in responding and reporting to regulatory bodies
    • Follows current and new regulatory requirements and best practices in model risk management
    • Organize, facilitate and prepare a planning meeting with the aim to come to an integrated planning for Rating Systems, IFRS9 and DoD, and improve the overall process for redevelopment and implementation of rating systems

    How to succeed

    We look for a colleague with a talent for taking it on and making it happen, enthusiasm for helping others to be successful and knack for always being a step ahead. You strive to bring fresh ideas to life and embrace challenges in a fast changing and complex environment. You are a naturally collaborative person who listens and invests in others to achieve common goals. You love to challenge the status quo and are eager to propose creative solutions.

    • an academic degree (MSc or PhD) in Econometrics, Mathematics, Physics, Economics or another quantitative/numerical field
    • at least 6 – 8 years related work experience with credit risk models and relevant regulations and practices
    • experience with digital tooling, dashboard creation, and visualization is a plus
    • research skills, to be able to explore new developments relevant for model risk management
    • excellent English verbal and writing skills
    • good listener and interviewer, receptive to the feedback from the stakeholders
    • well-developed communication and influencing skills to be able to explain to different audience the policy requirements and their application
    • willing to travel to other ING locations occasionally

    Furthermore, you adhere to the ING values and it is evident for you that your behavior is fully aligned with these values. For more information about the Orange Code: ING-Orange-code.

    What do we offer

    • A market conform salary (depending on relevant knowledge and experience)
    • A 13th month
    • Pension scheme
    • Contribution to individual savings
    • 8% Holiday payment;
    • 24 vacation days with a 36-hour working week. If you work 40 hours a week, you will receive 27 vacation days;
    • A public transport ticket for the Netherlands / or travel budget (depending on salary scale)
    • Possibilities for training
    • An empowering culture & future career opportunities within Global ING organization

    About us

    You are part of the MRO tribe based in Amsterdam. The MRO tribe consists currently of three chapters, and this role will be in the Model Risk Chapter. The role requires interactions with many (senior) stakeholders on a variety of potentially high profile topics. The environment that you work in can be described as dynamic, professional with fast changing requirements and needs. The MoRM is currently adopting the ING Agile One Way of Working.

     
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