Model Validation is looking for an enthusiastic Senior / Principal Validation Lead, who enjoys being an expert leader in the IRRBB validation chapter
ING’s global Model Validation IRRBB ( Interest Rate Risk in the Banking Book ) chapter is an energetic, diverse and collaborative international team consisting of about 15 highly qualified professionals of various quantitative backgrounds, located in Amsterdam.
Following ING’s Think Forward Strategy to become the next generation digital bank, data and models are considered key assets in our bank.
As model validators we safeguard the quality of ING’s models, which are used for all kinds of decision making purposes. We also contribute to the Model Risk Management (r)evolution that is picking up worldwide, given that models are imperfect representations of reality and hence may lead to financial losses and / or reputational damage.
To effectively achieve these challenges, our Model Validation teams have been substantially growing in size lately and will further grow, also internationally.
We are responsible for validating IRRBB and ALM ( Asset & Liability Management ) models used by ING, in about 40 countries all over the globe.
We cover an interesting, wide and evolving model scope aimed to measure the impact of IRRBB on expected earnings and economic value, as well as various ALM models used in balance sheet management.
These models vary from those having a technically advanced quantitative orientation to those displaying strong expert judgment (in case of e.
g. limited data availability). Our core business consists of independently assessing whether a particular model is fit for the purpose it was designed for, based on the business context, academic theories, empirical evidence, regulations, best practices & technological innovations.
Effective challenge is key in our role. Herewith we contribute to sound business practices, supporting a healthy, sustainable ING and global financial stability.
The role of Senior / Principal Validation Lead
As a Senior / Principal Validation Lead you focus on and specialize in the content and are the go-to expert for the topics related to the models in your scope, including econometrics, quantitative finance, coding, business knowledge and related regulations.
You are fully aware of internal and external developments and understand the bigger picture and relation to other topics.
Besides performing validations, you pro-actively share your knowledge with others, supporting their further development.
You also play a key role in the development of innovative, state-of the-art validation frameworks and coding libraries.
Your main daily activities consist of the following :
You lead the alignment process with e.g. model developers, senior management, auditors, the ECB and other regulators.
validations or policy work).
Pro-actively) sharing your knowledge via a.o. reviewing validation reports, giving presentations (for people within & outside our chapter) and teaching.
You are seen and recognized as an expert leader in your field of expertise. You advise on strategic level and are a driving force in defining which trends and innovations are relevant for ING’s model validation / model risk management activities.
You’ll work closely with the Chapter Lead and Product Owner. Together you ensure that the work is effectively allocated within the squad.
Together with the Chapter Lead and / or Product Owner, you determine a project’s overall duration (which the validators subsequently refine into milestones).
Together with the Chapter Lead and Product Owner, you contribute to the further design of the tribe’s vision & strategy and drive the execution.
Your prospective model scope is broad and are related to the following main areas :
As part of the IRRBB chapter, you contribute to further building and developing the team by sharing knowledge, coaching more junior colleagues and by embracing ING’s Agile way of working.
Who are we looking for :
We are looking for enthusiastic, communicative colleagues who have an intrinsic curiosity to continuously expand & share their knowledge base and the drive to become a senior expert within the chapter.
You are an important reference point whenever (strategic) content expertise is required. By sharing your in-depth expertise you help other colleagues to continuously improve themselves.
You are a team player with a pro-active attitude. You are an advocate of the ING Orange Code , a naturally collaborative person who listens to and invests in others to achieve common goals.
You are transparent, embrace the ING One Way of Working and enjoy coaching / teaching others on content related matters.
To take on the Senior / Principal Validation Lead role, you bring in senior expert knowledge, highly advanced quantitative validation methods and techniques, and the ability to think at a strategic level. You have :
Above all, you have a genuine passion for continuously improving yourself and our team. As a Senior / Principal Validation Lead at ING, you will be empowered to have a true impact on ING’s future model landscape.
Moreover, you will have the opportunity to contribute to further implementing ING’s innovative Think Forward strategy.
You are prepared to travel occasionally. Your main base is Amsterdam.
Your work environment
e. chapters , each focusing on a main risk area(s)) and Model Risk Oversight, located both in Amsterdam and Poland.
To ensure its independence and effective challenge, Model Risk Management reports directly to the CRO.
Continuous learning, adding value to our stakeholders and building on differences are important. We empower our people to take responsibility and promote continuous improvements, innovation and automation.
What we offer
At ING we offer you a 40 (or 36) hour contract. We care about an adequate work life balance and we empower our colleagues to realize their ambitions : Do your thing.
Our employment conditions are specified here. In particular, we offer :
Interested to learn more?
Apply directly online by clicking on Apply for this job .
Watch and read why your potential future colleagues love modelling at ING by clicking below links :