Senior Banking Book Model Risk Manager Amsterdam

Model Risk Oversight tribe (MRO) is an energetic, international, and diverse team of highly qualified Model Risk Managers, Model risk framework experts in Amsterdam and Warsaw. MRO is developing and rolling out the Model Risk Management (MoRM) framework which scope covers all models used within ING Bank worldwide, supports/guides global and local model communities in the execution of the model life cycle activities, facilitating oversight, monitoring and reporting model risk.

You are part of the MRO tribe in Amsterdam. The MRO tribe consists currently of two chapters, and this role will be in the Model Risk Chapter. We are looking for Senior Model Risk Expert who drive Model Risk Management framework and to support Model Risk Lifecycle activities in ING. Within Model Risk Chapter, model risk managers are focusing on different categories of models in ING. Banking Book expert is responsible for all banking book models used in ING, including the Interest Rate Risk in the Banking Book (IRRBB), Market Risk Economic Capital, Liquidity & Funding Risk, etc. So it is a big, challenging and very exciting domain to work in!

Roles and responsibilities:

• Lead the rollout of model risk management in banking book domains

• Establish a relationship with (senior) model stakeholders and challenge and advise them throughout the model life cycle

• Conducts model risk monitoring and is responsible for overseeing the model life cycle and model risk management process and report it to the senior management

• Bring expert knowledge on banking book models, and participate in actively sharing knowledge with stakeholders, representing the department in the committees

• As a model risk manager, challenge model stakeholders about the sources of model risk and how to mitigate and manage them, including facilitating and challenging the model risk assessment of the models.

• Support model risk community in terms of MoRM Framework, model inventory and relevant policies and procedures.

• Follow current and new regulatory requirements and best practices in model risk management

• Contribute to the organization’s efforts in responding and reporting to regulatory bodies

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.

• An academic degree (MSc) in Finance, Econometrics, Mathematics, Physics, Economics or another quantitative/numerical field.

• Strong analytical and problem solving skills

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

• Ability to explain policy requirements and their applications in a simple language to senior stakeholders

• At least 5 years of practical product and model knowledge in the area of Asset and Liability Management (ALM), Interest Rate Risk in the Banking Book (IRRBB) or generic Market risk

• 3–8 years work experience in financial industry related to banking modeling landscape; Good understanding of the regulatory requirements of the bank, EBA guidelines, CRR, CRD, Basel, ICAAP, FRTB, etc is a plus.

• Knowledge of Model Risk Management Framework principles (SR 11-7, EBA guidelines on Model Risk)

• 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:

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.