Credit Risk Model Validator

ING Netherlands

Vlissingen, Zeeland, Netherlands

6 dagen geleden

ING is looking for experienced Risk Professionals. The Credit Risk Model Validation Team is an energetic international team of highly qualified professionals within the Model Risk Management department.

This fast growing team is responsible for validating the risk models used by ING worldwide. We assure that models are appropriate for the intended use and compliant with internal policies and external regulations.

Our goal is to increase the ING's understanding of a model's limitations & weaknesses and contribute to the ongoing model improvement and ensure the added value of models.

What you'll do?

Validating risk models, including performing quantitative analyses

Creating high quality validation reports that are read by e.g. senior management, CRO staff, audit and ECB

Participating in meetings with model developers, senior management, internal & external audit and the European Central Bank

Your model scope is broad and includes :

Probability of Default (PD), Loss Given Default (LGD) and Exposure at Default (EAD) models

Credit Economic Capital model (INCAP) and the concentration Risk Framework

Stress Testing framework

Non-regulatory models such as underwriting models or early-warning systems.

These models are used for measuring and managing Credit Risk at ING Bank. In particular, the models in scope are used for calculations of the Loan Loss Provisions (IFRS9) as well as the Economic and the Regulatory (Basel II) Capital.

How to succeed?

An academic degree (MSc or PhD) in Econometrics, Mathematics, Physics, Economics or another quantitative / numerical field

A minimum of 5+ years related work experience with credit risk models (PD / LGD / EAD)

Extensive knowledge in modelling / validation in either A-IRB or IFRS9

Programming experience in SAS or another similar programming language

An independent, creative and pro-active way of working

Critical but positive constructive mind-set

A team player

Excellent communication skills and ability to write clear reports in English.

What we o ﬀ er

A job from 36 to 40 hours and a unique offer that fits in with the times of today. We take into

account your home situation and your ambitions and help you to balance work and private life. Discover our employment conditions.

To give you an idea, we will tell you about the benefits of working at ING :

A salary tailored to your qualities and experience

Reimbursement for travel expenses

24 vacation days with a 36-hour working week. If you work 40 hours a week, you will receive 27 vacation days

Pension scheme

13th-month salary

Individual Savings Contribution (BIS), 3.5% of your gross annual salary

8% Holiday payment

Personal growth and challenging work with endless possibilities to realize your ambitions

An informal working environment with innovative colleagues who strive for the very best

Progressive way of working according to the Agile method, so that new ideas come to life

About us

With around 52,000 employees and operations in approximately 40 countries, there is no shortage of opportunities for people with initiative who want to make a di ﬀ erence.

We hire smart people like you for your potential, not your past. Our biggest expectation is that you'll stay curious. Keep learning.

Take on more responsibility. In return, we'll back you to develop into an even more awesome version of yourself.

If you want to work at the cutting edge of what's possible, surrounded by progressive, inspiring and supportive colleagues, there is no better place to invest your talents than at ING. Join us. Apply today.

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