Senior Model Risk Expert

Model Risk Oversight tribe (MRO) is an energetic, international, and diverse team of highly qualified Model Risk Managers in Amsterdam and Warsaw. MRO is responsible for the design and implementation of ING’s global Model Risk Management (MoRM) framework and tooling across all models used within ING Bank worldwide. The tribe aims to proactively manage model risks by guiding global and local communities in the execution of the model lifecycle activities, performing effective and efficient 2nd Line of Defence (LoD) challenge and oversight across ING’s model landscape, monitoring and reporting on model risks.

Following model risk regulations’ evolution, market practices and years of experience from of ING’s MoRM Framework implementation, MRO is constantly reshaping the vision of its framework to stay ahead of the banking industry and regulatory environment, focusing on increasing the collaboration with the 1st LoD as a pro-active and independent strategic partner.

The team

• MRO is part of the Model Risk Management Function, and the tribe is composed by 3 focus areas: Framework and Governance (F&G), Model Risk portfolio management, and model risk reporting and tooling. F&G Chapter designs and maintains the global Model Risk Management Framework (MoRMF) and acts as CoE for the MoRM Policy House, acting as an advisor to all model stakeholders to ensure the effective compliance to the MoRM policy and procedures across the whole organization – on central (headquarters) as well as local (country) levels.

• The environment that we work in can be described as dynamic, professional, and exciting given the fast-changing requirements and new technologies.

• We work in a spirit of trust, a sense of purpose, cooperation, and open communication. Continuous learning, adding value to our stakeholders and building on differences are important.

• Within MoRM we strongly advocate and adhere to the ING values, and it is evident for you that your behaviour is fully aligned with these values.

• Your main base is Amsterdam; however, you are prepared to travel occasionally.

Roles and responsibilities

• Lead on the different initiatives defined for the F&G Chapter to support the MRO Tribe strategy. Such initiatives are mainly related to MoRM Framework updates, Control Standards design and maintenance, Model Risk Appetite design, MoRM general trainings development and roll-out, Annual review of the model approval delegated authorities, etc.

• As a F&G model risk expert, perform BAU activities such as acting as MoRM representative towards other risk functions within ING, run the model risk appetite annual review cycle, model risk emerging risks identification process, and review/sign-off of model risk related documents to ensure compliance with MoRM Framework and ING Governance.        

• Act as an advisor to MoRM colleagues and broader model stakeholders with regards to MoRM framework compliance.

• Contribute to the organization’s efforts in responding and reporting to regulatory bodies in MoRM Framework and Governance topics.

How to succeed

Our biggest expectation is that you’ll stay curious. Keep learning. Take on responsibility. In return, we’ll back you to further develop and shape your career.

You:

• Have an academic degree (MSC) in Finance, Economics, Risk, Business Administration or another quantitative/modelling related field.

• Have strong analytical and problem-solving skills.

• Have strong project management skills to lead long term initiatives under a program setup.

• Have strong stakeholder management skills, including experience managing communication and influencing senior stakeholders. Good listener and interviewer, receptive to the feedback from the stakeholders.

• Are persuasive and able to explain policy requirements and their applications in simple language to senior stakeholders.

• At least 5-10 years of experience working in the financial industry in model related topics, either on a specific model domain or within financial and non-financial risk management background, or internal control framework background or, experience in general model risk management topics across any of the 3 LoDs. Good understanding of the regulatory requirements of the bank, EBA guidelines, and MoRM framework principles and regulations (SR 11-7, PRA, etc.) is a plus.

• Excellent English verbal and writing skills.

• Willing to travel to other ING locations occasionally.

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://careers.ing.com/en/benefits-NL. The benefits of working with us at ING include:

• A salary tailored to your qualities and experience

• A salary indication 5.212 – 8.387 EUR based on 36 hours per week

• 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

• Hybrid working to blend home working for focus and office working for collaboration and co-creation

• Personal growth and challenging work with endless possibilities

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.

Questions?

Contact the recruiter attached to the advertisement for more information. Want to apply directly? Please upload your CV and motivation letter by clicking the “Apply” button