Senior Credit Risk Model Developer - Product Owner

<p>The Model Development department is responsible for the development of risk models at ING. We develop all credit risk, operational risk, IRRBB, trading risk, and economic capital models for ING. Model Development consists of over 250 highly specialized colleagues who are passionate about developing the best possible models to quantify the risk undertaken by ING. Our ambition is to redevelop all risk models for ING in the next few years. If you like developing models and the intellectual challenges that come with it, there is no better time to join Model Development. We are also developing new standards, systems, methods, and concepts along the way.</p><p></p><p><span>We are looking for senior colleagues in the Credit Risk Model Development team who enjoy developing Credit Risk Models for the SME and Retail markets.</span> These models are core to the success of ING as our models are used to manage our SME and Retail lending <span><span>activities.  </span></span></p><p></p><p><b><span>Roles and responsibilities</span></b></p><ul><li><p>You will play a crucial role in the development and maintenance of models for measuring and managing credit risk for the Retail and SME portfolios, as well as steering and advising the front office colleagues when taking credit risk decisions.</p></li><li><p>You will take responsibility for developing and calibrating credit risk models by applying ING’s modelling standards. The models that you develop will cover all products and geographical regions in the ING Bank portfolio.</p></li><li><p>In addition to the modelling activities, you will also be responsible for further improving the measurement and monitoring of existing models.</p></li></ul><p></p><p><b><span>How to succeed</span></b></p><ul><li><p>You have an academic degree (MSc or PhD), preferably in econometrics, physics, statistics, or mathematics</p></li><li><p>You have good knowledge of Basel and IFRS 9 models and experience in developing expert-based or statistical credit risk models</p></li><li><p>You have extensive experience in using data modelling software/ or coding (C++, Java, Python, R and/or SAS)</p></li><li><p>You are a sparring partner/advisor to Senior Management</p></li><li><p>You have strong analytical, problem-solving, communication and execution skills</p></li><li><p>You have a creative and pro-active mind-set</p></li><li><p>You can challenge the status quo</p></li><li><p>You are a team player</p></li><li><p>You are fluent in English</p></li></ul><p></p><p><b>Rewards and benefits</b><br/>We want to make sure that it’s possible for you to strike the right balance between your career and your private life. <a href="https://careers.ing.com/en/benefits-NL" rel="noopener noreferrer" target="_blank">Find out more about our employment conditions.</a> The benefits of working with us at ING include:</p><ul><li><p><span>A base salary in scale12</span></p></li><li><p>25 - 28 vacation days depending on contract</p></li><li><p>Pension scheme</p></li><li><p>13th month salary</p></li><li><p>8% Holiday payment</p></li><li><p>Mobility card</p></li><li><p>Hybrid working</p></li><li><p>Personal growth and challenging work with endless possibilities</p></li><li><p>An informal working environment with innovative colleagues</p></li></ul><p></p><p><b>About us</b><br/>Curious about how ING empowers people and businesses to move forward<a href="https://careers.ing.com/en/working-in-the-netherlands" rel="noopener noreferrer" target="_blank">? Discover what we do and what we can offer you</a>.</p><p></p><p><b>Questions?</b><br/>Contact the recruiter attached to the advertisement. Want to apply directly? Please upload your CV and motivation letter by clicking the ‘Apply’ button.</p>