Medior/Senior Model Validator IRRBB, CSRBB & Liquidity Risk Amsterdam

Are you looking forward to the next step in your model validation career? Then we have good news… we are hiring!

The team

We are ING’s global Model Validation department responsible for the validation of ING’s IRRBB, CSRBB and Liquidity Risk models, i.e. models used for Asset & Liability Management (ALM). Our scope includes behavioural, hedging, valuation, risk measurement, economic capital, liquidity and stress testing models.

We are an energetic, collaborative international team of around 50 qualified professionals of various backgrounds. We foster a work environment of trust, cooperation, open communications, diversity & inclusion. We work partially at the head office in Amsterdam and partially remotely from home. Our team is part of ING’s global Model Risk Management department, responsible for measuring and managing model risks.

Roles and responsibilities

As a medior / senior validator you assess whether a model is fit for the purposes it was designed for. You base your assessment on business context, academic theories, empirical evidence, regulations, best practices & independent analyses. This covers broadly the following topics:

• Assessing fundamental assumptions underlying the design of the model.

• Assessing the quality of input data, system implementation and model performance.

• Assessing whether models are appropriate given the evolving business, economic and regulatory environment.

• Writing high quality validation reports and discuss results with model developers, senior management, auditors and the European Central Bank.

Furthermore, as medior / senior validator, you will:

• Contribute to further building the team by sharing knowledge and coaching junior staff.

• Be involved in strategic discussions with internal stakeholders within ING’s head office and local risk management departments worldwide.

• Have the opportunity to participate in the development of innovative validation frameworks.

• Act as a trusted advisor & sparring partner for senior management, e.g. by preparing ad-hoc analyses, providing advice on model risk, or joining the Tribe & Chapter Leads to model approval committees, where you present your work.

Learning and development

We work in an environment where development and continuous learning are important. We offer various internal and external learning programs, and provide various opportunities to advance your career in ING. For example, within Model Validation your next step could be the role of Validation Lead, but you may also take on cross-departmental opportunities. Your Chapter Lead (direct line manager) will support you to work on your personalized individual development plan.

How to succeed

We hire smart people like you for your potential. Our biggest expectation is that you’ll stay curious. Keep learning. Take on responsibility. In return, we’ll back you to develop into an even more awesome version of yourself.

• You have relevant work experience. Knowledge of Asset & Liability Management, IRRBB, CSRBB and/or Liquidity Risk is preferred.

• You have quantitative skills (e.g. econometrics, financial modelling, mathematics, statistics, time series analysis).

• You have good English writing skills, you are accurate and maintain high quality standards.

• You have a ‘take it on, make it happen’ mentality. You step up, take responsibility and take initiative to make things better.

• You help others to be successful. You collaborate well with others. You listen, contribute and build trust within the team & with our stakeholders.

• You are always a step ahead. You like to bring change, simplify & challenge old ways by equally asking ‘why’ and ‘why not’.

What we offer

• The opportunity to work with an experienced team of professionals across borders, in a continuously improving environment.

• Interesting development/career opportunities.

• Flexibility to work from home and the office in Amsterdam to enhance wellbeing.

• Time and support for your personal development.

• Informal and positive atmosphere.

• A competitive compensation depending on your level of experience, in line with ING’s collective employment agreement.

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:

The benefits of working with us at ING include:

• A salary tailored to your qualities and experience

• 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.

Please note, multiple interview steps involving various business stakeholders will be part of the selection process.