Risk Model Oversight Expert

This role is for a Risk Model Oversight Expert within ING’s Integrated Risk function.

The mission of Integrated Risk is focused on providing risk identification, aggregation and insight capabilities at Group level across the various Risk domains. The team department is using those capabilities across the various risk functions, to assume a general oversight of risk governance, policies and frameworks, and to steer group-wide model and implementation activities across locations.

The Team

The Integrated Risk Oversight department within Integrated Risk will be responsible for the Credit Risk Model oversight tasks assigned to the Credit Risk Control function under CRR articles 189 and 190. In addition, the team will be responsible for the functional coordination of local model development units across ING’s locations, acting as the gatekeeper for the Group’s methodological standards and regulatory requirements related to model development and monitoring of IRB and IFRS9 models. This includes the coordination of ECB communication on these models and ensuring adherence to regulatory and internal standards for SRT process.

Roles and Responsibilities

Senior expert responsible for overseeing ING’s regulatory model changes. Supports, advises and challenges senior risk management and the 1st Line of Defence Credit Risk regarding changes to regulatory models.

Specific Tasks and Responsibilities

• Oversee changes to regulatory models.
• Support approval process for changes to regulatory models and rating systems, including review and challenge of application pack.
• Senior expert in IMI quality assurance and monitoring of Q&As.
• Proactively manage internal stakeholders across end-to-end regulatory credit risk model lifecycle across ING globally as well as external stakeholders, in particular ECB, regarding ING's regulatory model changes.
• Represent ING to regulator during Internal Model Investigations.

Specific Knowledge and Experience

• Broad expertise across credit risk modelling, statistics, policy development, regulation/supervision, combining strong technical background with domain expertise.
• 6+ years of experience in financial risk management, supervision or related fields.
• Applies broad knowledge on the end-to-end regulatory credit risk model lifecycle (IT, data, model & policy development, regulation) to act as the organizational authority on identifying, assessing, prioritizing and managing model risks.
• Acts as the organizational authority and established expert on interpreting and applying knowledge of capital requirements regulations, credit and model risk policies.
• Uses an expert understanding of numerical concepts to act as organizational authority on statistical data analysis and creation of clear and precise visualisations and reports.
• Acts with expertise as the organization's authority on using clear and effective verbal and written communications skills to express ideas, request actions and formulate policies and methodologies.

Rewards and benefits

• 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