Credit Risk Model Validator

1 maand geleden

Amsterdam, Nederland ING Voltijd

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 . 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

We want to make sure that it’s possible for you to strike the right balance between your career and your private life. You can find out more about our employment conditions at

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

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