Risk Model Developer

4 weken geleden


Amsterdam, Noord-Holland, Nederland ING Voltijd

Are you interested in a job that can help you enhance your modeling and coding skills? Do you have experience with pricing models? If so, we may have a spot for you. Currently, we are seeking individuals to join our team, so keep on reading.

Join Our Team

We are a vibrant international team of highly skilled professionals. Our expertise lies in Trading Pricing Models, Market Risk, and Counterparty Credit Risk in the Trading book. We belong to the Integrated Risk Model Development department, which consists of a large group of modeling experts specializing in Trading Risk, Credit Risk, Market Risk in IRRBB, and Balance Sheet Risk models. We utilize cutting-edge modeling techniques, tools, and data-processing technologies.

This position provides fantastic opportunities to excel in your role and gain exposure to a dynamic and agile international work environment.

Roles and Responsibilities

Our team's activities are diverse, and here are some of the key ones:

  • Develop calculation methodologies for valuation adjustment models to consider model risk uncertainty or position concentration
  • Create Trading Risk methodologies such as Incremental Risk Charge (IRC/DRC), VaR scenarios specifications, Risk not in the model, historical market data models, Stress test, and Economic capital models
  • Work on Counterparty Credit Risk models
  • Design model monitoring methodologies
  • Conduct production system implementation checks by comparing with your benchmark implementation or implementing models directly in the systems
  • Offer quantitative support to risk managers and traders within the risk modeling context, integrate new products/pricing models into existing risk frameworks, develop tools for insights into model choices, and analyze methodologies for P&L explainer or market data proxies

Keys to Success

We hire intelligent individuals like you for your potential. Our primary expectation is that you remain curious, continue learning, and take on responsibilities. In return, we will support your development into an even more remarkable version of yourself.

To succeed, you should have:

  • A PhD or MSc in a quantitative field such as mathematics, physics, statistics, or econometrics
  • 3 to 7 years of Quantitative experience in Market Risk models and/or Counterparty Credit Risk models with implementation in Python or C++
  • Experience in Derivatives pricing in at least one asset class like Interest Rate & Inflation, FX, Credit, Equities, Commodities, and/or XVA, including model implementation in Python or C++
  • Familiarity with crucial regulatory developments such as CRR Market Risk framework for the Trading Book, FRTB, Prudent Valuation framework, etc
  • Strong communication skills and fluency in English
  • Positive attitude and proactive teamwork approach

Rewards and Benefits

We aim to help you find the right balance between your career and personal life. Some of the benefits of working with us at ING include:

  • A personalized salary based on your skills and experience
  • 24-27 vacation days depending on your contract
  • Pension scheme
  • 13th-month salary
  • Individual Savings Contribution (BIS) equivalent to 3.5% of your gross annual salary
  • 8% Holiday bonus
  • Hybrid working model combining home and office work
  • Opportunities for personal growth and challenging work
  • An informal work environment with innovative colleagues

We are excited to review your application, and please include a motivational letter if possible

About Us

With a team of over 60,000 employees and operations in about 40 countries, there are plenty of opportunities for proactive individuals who want to assist others in moving forward in both life and business. Do you aspire to work on the forefront of innovation while prioritizing integrity and customer interests? Are you seeking a progressive, diverse, and supportive work environment? Then there's no better place to utilize your skills than at ING. Come join us. Submit your application today.



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