Model Validator Market Risk

About the role

As a Model Validator within the Model Validation Financial Risk (MVFR) team, you play a crucial role in safeguarding ING’s financial stability by ensuring that models used for banking and trading book risks are robust, compliant, and fit for purpose. You will work alongside high-value specialists in a dynamic, global environment, facing evolving regulatory requirements and strategic challenges.

The Team

Model Risk Management (MoRM) in a nutshell; Models are an imperfect reflection of reality. Models impact our business and we use models for decision making throughout ING. We need to manage uncertainties and shortcomings in our models, as there are risks involved. Are we sure that the output leads to the right decision? Models are a great asset but come with a risk that needs to be managed. The purpose of the Model Risk Management department is to ensure the models can add business value safely. That's why we've created a cross-domain Model Risk Management Framework helping us identifying, classifying, recording and validating models we use across ING. For example, Credit, Market, KYC, Operational and Pricing models. Together with our stakeholders in e.g. Model Development and COO Risk we try to obtain the best models for ING.

Roles and Responsibilities

We are looking for an energetic, naturally collaborative, and hands-on Model Validator to support the Chapter Lead Market Risk within Model Validation Financial Risk.

Specific Tasks and Responsibilities

• Conduct timely, high-quality model validations in line with external regulations, internal policies, and model validation frameworks.
• Challenge 1st MLoD on their level of model risk.
• Prepare validation reports and present findings to committees and stakeholders, ensuring transparency and clarity.
• Participate in thematic reviews and provide expert advice to internal stakeholders on model risk issues.
• Support the development and implementation of innovative validation frameworks and contribute to automation initiatives.
• Collaborate with colleagues across chapters and locations to ensure consistency and share best practices.
• Maintain constructive relationships with internal teams (Model Development, Risk Management, Audit) and external parties (regulators, auditors).
• Contribute to continuous improvement by suggesting enhancements to validation processes and frameworks.

Specific Knowledge and Experience

• Deep technical and regulatory expertise in quantitative modelling and risk management.
• Able to challenge 1st MLoD on their Model Risk.
• Attention to detail and commitment to delivering high-quality work.
• Effective communication and stakeholder management skills.
• Ability to manage multiple priorities in a fast-changing environment.
• Continuous improvement mindset and openness to innovation.

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.

• 25-28 vacation days depending on contract
• Pension scheme
• 13th month salary
• 8% Holiday payment
• Hybrid working
• Personal growth and challenging work with endless possibilities
• An informal working environment with innovative colleagues