Senior Model Developer

ING is looking for professionals with at least 4 years of experience to join the Bank‑wide Credit Risk, ESG Risk development teams, or the Risk Strategy and Oversight group. The role is based in Milan within the following departments: Bankwide Credit Risk Models, ESG Risk Models, Risk Strategy and Oversight.

Key Responsibilities

• Support the full model development lifecycle: methodology definition/application, data collection and analysis, development, calibration, documentation, and monitoring.
• Contribute to initiatives required by supervisory authorities or internal/external auditors.
• Coordinate and collaborate on testing, validation, and production release activities.
• Collaborate with front office, Risk Management, Model Risk Management, and auditors throughout the model lifecycle.
• Perform portfolio and deep‑dive analyses to support both business‑as‑usual model usage and ad‑hoc initiatives requiring advanced model expertise.

Qualifications

• At least 4 years of experience in credit risk model development (AIRB, IFRS9) or a master’s degree or PhD in Econometrics, Physics, Statistics, Mathematics, or Engineering.
• Strong knowledge of regulatory models (Basel framework) and IFRS9, with experience developing expert‑based or statistical credit risk models.
• Additional or alternative knowledge of ESG modelling topics (e.g. double materiality assessment, ESG risk factors, ESG data).
• Strong understanding of regulatory frameworks (ECB, EBA); experience with supervisory authorities, ideally the European Central Bank.
• Extensive experience with data modelling and coding tools (Python, R, SAS) and familiarity with GenAI tools.
• Strong communication skills, including the ability to interact with senior management.
• Excellent analytical and problem‑solving capabilities, with strong execution skills.
• Creative and innovative mindset and a team‑player attitude.
• Fluent in English.