Risk Model Oversight Expert

Overview

Group‑level expert role at ING with oversight of regulatory credit risk models, including IRB and IFRS 9. The role covers oversight of model changes, On‑Site Inspections and Internal Model Investigations, with direct interaction with the ECB and external auditors. You will support, advise and challenge senior Risk Management and Model Development teams, exercising independent technical judgement on model risk, methodology and supervisory expectations.

Responsibilities

Senior content‑driven expert responsible for Group‑level oversight of regulatory credit risk model changes, supporting, advising and challenging senior Risk Management and Model Development teams on IRB and IFRS 9 models, while exercising independent technical judgement on model risk, methodology and supervisory expectations.

• Oversee changes to regulatory credit risk models and rating systems at Group level, acting as both advisor and controller.
• Perform advisory and quality‑assurance reviews of IMIs and on‑site inspections, including coordination of supervisory submissions, presentations and Q&As.
• Manage senior internal stakeholders across the end‑to‑end credit risk model lifecycle globally, as well as external stakeholders, in particular the ECB and external auditors.
• Represent ING in IMIs, on‑site inspections and regulatory discussions related to credit risk models.

Qualifications

Background: Master’s degree and 6–12 years of experience in credit risk modelling, supervision or closely related fields.

• Broad, hands‑on expertise in credit risk modelling, combining strong statistical depth with practical understanding of IRB and IFRS 9 frameworks, policy implications and regulatory context.
• Full regulatory credit risk model lifecycle understanding, able to identify, assess and manage model risk at Group level.
• Applies capital requirements regulation, credit risk policies and model risk frameworks with sound judgement, translating regulatory requirements into defensible modelling and governance decisions.
• Strong command of quantitative and statistical concepts relevant to credit risk models, and can critically assess analyses with a clear supervisory and materiality lens.
• Excellent communication skills, engaging confidently with senior stakeholders and supervisory authorities, and contributing pragmatically to the development of policies and methodologies.

Location

Milan (hybrid).

Benefits

• Super flexible smart working
• Competitive base salaries and performance based bonuses
• Diverse cultures & innovative mindsets
• International environment
• Commitment to sustainability
• Lots of training development opportunities
• Lots of moments dedicated to physical and mental well‑being
• A special day off when it is your birthday
• Free water & coffee at the office

Equal Opportunity Statement

Our Commitment Diversity is a fundamental element of our corporate culture, and we are fully committed to creating a safe and inclusive environment, based on mutual respect and the value of diversity, offering equal job opportunities to all qualified candidates.