Credit Risk Model Validator
6 maanden 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.
**Roles and responsibilities**
- 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.
**Rewards and benefits**
The benefits of working with us at ING include:
- A salary tailored to your qualities and experience
- 24-27 vacation days depending on contract
- Pension scheme
- 13th month salary
- Individual Savings Contribution (BIS), 3.5% of your gross annual salary
- 8% Holiday payment
- Hybrid working to blend home working for focus and office working for collaboration and co-creation
- Personal growth and challenging work with endless possibilities
- An informal working environment with innovative colleagues
**About us**
**Questions?
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