Junior Model Developer

ING is looking for graduates in STEM or economic disciplines to join the Bank-wide Credit Risk, ESG Risk development teams, or the Risk Strategy and Oversight group.

We are hiring resources to be based in Milan within the following departments: Bankwide Credit Risk Models, ESG Risk Models, Risk Strategy and Oversight.

We are seeking junior developers or recent graduates with a strong interest in model development within the banking and credit risk domain, willing to apply their quantitative and technical skills to support our model development teams.

Responsibilities

• Join a model development team and progressively take responsibility in supporting activities across the full model development lifecycle: methodology definition/application, data collection and analysis, development, calibration, documentation, and monitoring.
• Contribute to interactions with supervisory authorities and collaborate on testing, validation, internal audit, and production release activities.
• Work closely with experienced colleagues throughout the model lifecycle.
• Contribute to portfolio and in-depth analyses supporting both business‑as‑usual model usage and ad‑hoc initiatives requiring advanced understanding of model functioning.

Qualifications

• Master’s degree or PhD, preferably in Econometrics, Physics, Statistics, Mathematics, or Engineering.
• Ability to read and interpret data using office tools, programming languages, and GenAI tools; practical knowledge of GenAI is considered a plus.
• Basic knowledge of the banking regulatory framework (ECB, EBA) is a plus.
• Strong knowledge of data modelling and coding tools (Python, R, SAS).
• Good communication skills.
• Strong analytical and problem‑solving capabilities, with solid execution skills.
• Creative and innovative mindset.
• Team player.
• Good command of English.