Expert in Quantitative Methods - Internal Rating Based Credit Models
We at ING are looking for Financial Risk Modellers that have a strong affinity with Credit Risk Modelling within the Financial Risk Model Development department. It is is an energetic international department of over more than 100 highly qualified professionals, who are determined to develop the best possible financial risk models to empower the customers of ING to stay ahead financially, in life and business. The expertise of the department lies in the development and management of all regulatory and non-regulatory Credit Risk, Market and Trading Risk, Operational Risk and Asset and Liability Management models with state-of-the-art modeling methods, tooling and data processing technologies. These models are core to the success of ING and they are applied for different purposes, amongst others to determine the exposure measurement, capital adequacy and the management thereof. Does it sound interesting? Please read on!
The team The Quantitative Methods Team is a dynamic team of highly qualified professionals within Financial Risk Model Development. The core task of the team is the development and maintenance of methodologies for the models in the scope of the department. These methodologies cover model development, model monitoring and model data gathering and consumption, and form the technical base for the work done in the department. The position offers excellent opportunities to take your model development skills to the next level.
Roles and responsibilities
Together with your colleagues, you will play a crucial role in enabling the development and maintenance of models for measuring and managing risks, as well as guiding and advising model development colleagues
You will take responsibility for developing methodology based on best practices, academic research, and extensive analysis of the model-related regulatory frameworks, with applications in credit risk and market risk
Together with your colleagues, you will play a crucial role in the further development and maintenance of financial risk models, assuring compliant methods in line with all regulatory updates, as well as steering and advising the front office colleagues when taking Financial risk decisions
You will assist in the application and use of the models by means of support, trainings and presentations
You will help in setting up methodology related aspects in the scope of the team
You will define and implement bank-wide credit risk modelling methodology, with a specific focus on regulatory Internal Ratings Based models
You will be involved in support of development teams, of automation tooling for model development and monitoring, and requirements for data delivering stakeholders
You will contribute with your expertise to regulatory and internal projects
How to succeed We hire smart people like you for your potential. Our biggest expectation is that you’ll stay curious. Keep learning. Take on responsibility. In return, we’ll back you to develop into an even more awesome version of yourself.
MSc degree or Ph D in e.g. mathematics, physics, econometrics
Experience with development of (credit) (risk) models
Excellent knowledge of statistics and/or mathematics
Excellent knowledge of programming, preferably in SAS, SQL, Python, R
Vast Experience with risk modelling
Knowledge of banking and financial industry, financial and lending products, and processes
Experience in being a sparring partner/advisor to senior management
You have strong analytical and problem-solving execution skills
You are an independent, creative and pro-active mind-set
You have organizational skills to work in a structured way and maintain focus on the broader picture
You have a focus on delivering pragmatic and feasible solutions
Fluent English language skills
You are keen on delivering new approaches by a research-oriented attitude
You have skills to effectively communicate with stakeholders (with non-technical background)
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 https://www.ing.jobs/netherlands/Why-ING/benefits.htm 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
Personal growth and challenging work with endless possibilities
An informal working environment with innovative colleagues
Work Agile, so new ideas come to life faster
About us With 60,000 employees and operations in approximately 40 countries, there is no shortage of opportunities for people with initiative who want to help people take a step ahead in life and in business. Do you want to work at the cutting edge of what’s possible and at the same time ensure you work with integrity and hold the customer’s interests at heart? Do you want to be surrounded by progressive, inspiring, diverse and supportive colleagues? Then there is no better place to invest your talents than at ING. Join us. Apply today.