NG Italy is looking for Credit Risk Modellers that have at least 4 years of experience with developing AIRB models for Wholesale Banking portfolios. You will be working for and in close cooperation with the WB Credit Risk Model Development department of ING Group. The WB Credit Risk Model Development department is part of ING Group Model Development which comprises of a large team of modelling experts in Trading Risk, Credit Risk and Market Risk in IRRBB and Balance Sheet Risk models and that uses state-of-the-art modelling methods, tooling, and data-processing technologies.
You will be joining an energetic team of highly qualified professionals.
Our area of expertise is modelling Credit Risk and IFRS 9 concepts for ING Wholesale Banking. These models are core to the success of ING’s corporate lending activities!
The position offers excellent opportunities to excel in what you do and to broaden your modelling and coding skills, as well as exposure to a dynamic and agile international working environment.
Does it sound interesting? Please read on!
What you'll do
The team activities are quite varied – here are some of the main ones:
- You will play a crucial role in the development and maintenance of models for measuring and managing credit risk for Wholesale portfolios, as well as steering and advising the front office colleagues when taking credit risk decisions.
- You will interact with different regulators with regard to to the design, use and implementation of the models, as well on leading/ managing discussions on changes to the models and its submissions.
- 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.
Who we are looking for
- You have an academic degree (MSc or PhD), preferably in econometrics, physics, statistics, or mathematics
- You have good knowledge of Basel and IFRS 9 models and experience in developing expert-based or statistical credit risk models
- You have at least 4 years of relevant experience in developing and monitoring regulatory Wholesale Banking Credit Risk Models
- You have extensive experience in using data modelling software/ or coding (C++, Java, Python, R, SAS)
- You are a sparring partner/advisor to Senior Management
- You have strong analytical, problem-solving, communication and execution skills
- You have a creative and pro-active mind-set
- You can challenge the status quo
- You are a team player
- You are fluent in English
Skills Required
- Academic degree at MSc or PhD level, preferably in econometrics, physics, statistics, or mathematics
- At least 4 years of experience developing and monitoring regulatory Wholesale Banking credit risk models
- Experience developing AIRB models for Wholesale Banking portfolios
- Knowledge of Basel and IFRS 9 models
- Experience developing expert-based or statistical credit risk models
- Extensive experience using data modeling software or coding, including C++, Java, Python, R, or SAS
- Ability to advise Senior Management
- Strong analytical, problem-solving, communication, and execution skills
- Creative and proactive mindset
- Ability to challenge the status quo
- Team-player mentality
- Fluency in English
What We Do
ING is a pioneer in digital banking and on the forefront as one of the most innovative banks in the world. As ING, we have a clear purpose that represents our conviction of people’s potential. We don’t judge, coach, or tell people how to live their lives. However big or small, modest or grand, we empower people and businesses to realise their vision for a better future. We made the promise to make banking frictionless, removing barriers to progress, and make people confident in their financial decisions. As a global bank we have a huge opportunity – and responsibility – to make an impact for the better. We can play a role by financing change, sharing knowledge, and innovating. Being sustainable is in all the choices we make—as a lender, as a partner and through the services we offer our customers
