Senior Manager Model Risk Oversight

ING is proud to be recognised as Australia’s most recommended bank, committed to responsible banking and risk excellence. To help us achieve those goals we are currently recruiting a Senior Manager Model Risk Oversight to join our 2nd Line risk division.

The role is responsible for model risk oversight for ING Australia from a local regulatory compliance perspective. This involves oversight on both local and global model life cycle processes from an ING and APRA perspective. The focus is on embedding recent uplifts to the Model Risk Management Framework, supporting the Model Risk Management Sub-Committee to effectively perform its role, and identifying and driving opportunities to enhance model risk management across the business through an advisory role.

The role will have the opportunity to develop deep expertise in banking risk management and governance. It requires a holistic overview of the banking landscape, legal and regulatory environment and risk management function across retail and wholesale banking.

Ready to make an impact?

What you’ll do

• Point of contact for the business for model risk, driving implementation of the Model Risk Management Framework and supporting policies, procedures and guidance, including the adoption of the AI framework
• Guiding compliance with and understanding of model risk management policies and the model lifecycle across ING Australia, including action planning for mitigating risks
• Present reporting to Management Committees (EXCO) and the Board on model risk management matters holistically across the business
• Performing deep dives and thematic risk reviews, including with respect to emerging model risks such as AI and model ethics
• Ensuring evolving regulatory expectations are met and supporting relevant regulatory interactions including communications and onsite reviews
• Model Risk Management Sub-Committee secretarial duties and driving efficacy of the Sub-Committee
• Manage Local Integrative risk Policies, procedures and local annexures related to Models, Model risk relevant to the integrative risk function with support from risk SMEs

What we’re looking for

• 10+ years practical experience in a risk, compliance or model development role in the financial services industry (in either Line 1 or Line 2).
• Degree qualified in business, commerce, science, law or related discipline
• Experience working in second line model risk oversight/modelling/testing role or experience working in model development role
• Strong stakeholder management experience, including an ability to negotiate and influence stakeholders across all levels of management, make recommendations and achieve mutually beneficial outcomes.
• Proven track record of managing high priority items in high pressure environments
• Analytical skills – ability to proactively identify and diagnose risk related issues quickly and provide business-oriented solutions

What’s in it for you?

• Drop everything and learn with over 16,000 professional and personal development courses to choose from
• Discounted ING Health Insurance
• An additional Rest Day to support your wellbeing

About Us

At ING, we want to make life simpler and more worthwhile – for everyone who banks with us, for the people who work with us, and the community at large, too. 

When you come to work at ING, you’re joining a team where individuality isn’t just accepted, it’s encouraged. We’ve built a culture that’s fun, friendly and supportive – it’s the kind of place where you can be yourself and make the most of whatever you have to offer. 

We give people the freedom to think differently, take ownership of their work, and make great things happen. We’re here to help you get ahead. And with our global network, there’s plenty of scope to take your career in new directions, perhaps even ones you’ve never considered. 

We are all about celebrating success and as a result we are proud to be a WGEA Employer of Choice for Gender Equality and a certified Family Inclusive workplace.  

Sound like the kind of place you’d feel at home? We’d love to hear from you. 

(One last thing, ING operates a direct talent sourcing model. So, no agency introductions, please.) 

Need more?
Contact Mark Montgomery on mark.montgomery@ing.com.au

Applications close Wednesday 18th June 2025

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