Audit Supervisor - Specialist Model Risk

Corporate Audit Services (CAS) performs operational audits in the area of Model Risk with a dedicated Models team. As part of this team, an Audit Supervisor Specialist plays a key role in providing assurance on Model Risk, with a worldwide coverage, and across all risk and business domains.

The Team
You will be located in Amsterdam within the Model Risk audit team, working in hybrid mode between home and the office. International audits are performed as a joint effort between local audit teams and central model risk experts. This team is part of the CAS Risk & Finance Division. CAS is a highly professional organization with audit teams across the globe and comprises a diverse international team of around 400 members. You will work in a positive working atmosphere where people are used to an open communication style. Education and training is highly supported and innovation is stimulated.

Roles and responsibilities
As an Audit Supervisor Specialist for Market Risk you are a Subject Matter Expert in multiple model (risk) related domains.

• You are responsible for performing model audits and contributing to model audit strategy development (including (agile) execution, and data analytics solutions), thereby adding value to the organisation.

• You are involved in (complex) audits, are leading these on model related content, and deliver key messages to auditees and senior management.

• If required, you also act as Audit Lead.

• Your main counterparts in the ING organization are working in model risk management, model development, model validation, model measurement, and analytics departments. You will challenge them towards developing industry best practices and new modelling techniques. 

• In addition, stakeholder interaction and continuous learning is crucial to stay ahead.

How to succeed
Strong verbal, writing, analytical and interpersonal skills help you to ask the right questions and get the right information. Good communication skills are also important when you have to overcome resistance first. You are accurate, diligent and describe yourself as a team player who is very capable of working in international teams, coaching individuals, sharing specialist knowledge and managing staff assignments.

Furthermore, you adhere to the ING values and it is evident for you that your behavior is fully aligned with these values. You are also prepared to take the Banker's Oath. For more information, please visit Working at ING

Skills required

Furthermore you:

• have an academic degree (MSc or PhD) in econometrics, mathematics, physics or another quantitative topic, and are preferably in the possession of certification in Quantitative Risk Management.

• have a minimum of 7 years experience of which at least 5 years of relevant work experience within a within a major bank, financial institution, consultancy firm or university.

• have a thorough understanding of model risk management and it’s regulatory environment and can apply this in domains like credit risk, market risk, and machine-learning.

• can apply well-known validation and test techniques for both regulatory and non-regulatory models within your area of specialism.

• have (international) experience in complex organizations, a bird’s eye view and knowledge of ING’s business, risks, and associated model risk controls.

• are persuasive; being able to ‘get people on board’ and ensure necessary buy-in from stakeholders.

• are organizationally sensitive and effective in conflict management.

• are fluent in English (fluency in other languages is much appreciated).

• (preferably) have a good understanding of internal audit processes, including identifying and evaluating key risks and process controls, setting the audit scope and developing audit testing.

• (preferably) have good programming skills in e.g. Python/ R / Matlab / SAS.

• are willing to travel on an irregular basis for international audit support.

This vacancy closes without notice. Only shortlisted applicants will be contacted for an interview. 

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 – 9.871 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
• An informal working environment with innovative colleagues

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