Manager, Credit Risk Modelling

ING Australia’s Integrative Risk Management team is looking to hire a Manager, Credit Risk Modelling to be based in our Sydney office.

This is a high-impact role within our modelling centre of excellence, where you will develop, enhance and monitor business critical credit risk models across ING Australia’s retail and wholesale portfolios. You will work across a broad range of model types including regulatory capital, provisioning and credit decisioning models, and partner closely with senior stakeholders locally and globally to ensure our models remain robust, fit for purpose and aligned to regulatory and internal standards.

We’re looking for a data-driven modeler with a strong quantitative capability, deep expertise in credit risk modelling, sound knowledge of prudential standards, and the ability to communicate complex concepts clearly.

One of the most appealing aspects of this role is the breadth of exposure. You will have the opportunity to shape your own development path and build deep expertise across capital, provisioning and broader credit risk modelling initiatives. You will also gain exposure to both APRA and European prudential requirements in this role. Our flat organisation structure provides exposure to senior stakeholders, governance forums and executive committees.

It is truly a brilliant place to develop your technical modelling skills as well as your business soft skills / stakeholder skills which are critical to your career.

Ready to make an impact?

What you’ll do

• Own the end-to-end model life cycle including development, monitoring and engagements with Independent Validation and Audit teams.
• Perform deep-dive analysis to identify key portfolio risk drivers and assess the impact of economic and strategic changes on the portfolio.
• Ensure modelling data is fit for purpose through strong data interrogation, quality assessment and collaboration with data and technology stakeholders.
• Prepare high-quality model documentation, technical papers and presentations for independent validation, audit and regulatory engagements.
• Continue to strengthen governance and model risk management practices through robust controls, monitoring, issue management and audit readiness across the model suite.
• Support initiatives to continually enhance the suite of credit risk models in line with APRA, European regulatory requirements and internal standards.

What we’re looking for

• Tertiary qualification in Statistics, Mathematics, or a related quantitative discipline.
• Demonstrated experience in quantitative credit risk modelling in banking or financial services, ideally 5+ years and covering one or more of IRB, provisioning / IFRS 9, stress testing or credit decisioning models.
• Knowledge of APRA prudential standards relevant to credit risk modelling and/or exposure to European regulatory requirements.
• Strong technical skills in SAS, R, Python, or SQL.
• Advanced knowledge of credit risk modelling strategies.
• Excellent analytical and problem-solving skills, with the ability to present complex findings to senior stakeholders.
• Strong stakeholder management and the ability to lead modelling initiatives across cross-functional teams.
• Desirable: Experience with using machine learning or AI models in a controlled risk modelling environment.

What’s in it for you?

• Discounted ING Health Insurance
• An additional Rest Day to support your wellbeing
• An IMPACT Day to volunteer on approved sustainability activity

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

Applications close Tuesday 12th May 2026

Before you apply
Here at ING we consider employee development to be important and encourage existing employees to apply for suitable internal positions. It is expected that any employee applying for a vacant position would have been in their current role for a minimum of twelve (12) months before applying. This may be waived in special circumstances and after consultation with your manager

ING is Australia's most recommended bank according to RFi XPRT Survey, February 2021 - July 2021 (n = 31,903) when compared to customers of 20 other banks operating in Australia.

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