Risk Model Oversight Expert
ING · Milan, Italy · 2d ago
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.
The Team
The team is ING’s center of expertise for regulatory credit risk models and on‑site inspections, providing Group‑level oversight of credit risk model strategy across global and local IRB and IFRS 9 models. It coordinates local model development activities across ING, ensuring alignment with Group methodological standards and regulatory requirements.
The team leads on‑site inspections and model investigations, supports senior internal stakeholders with deep subject‑matter expertise, and coordinates technical engagement with the ECB and external auditors.
You will join an experienced international team with diverse backgrounds in credit risk modelling and supervision, working collaboratively on complex regulatory and modelling challenges at Group level.
Roles and 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.
Specific Tasks and Responsibilities
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.
Specific Knowledge and Experience
Background: You bring a Master’s degree and 6–12 years of experience in credit risk modelling, supervision or closely related fields.
Credit Risk Modelling: You have 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.
End-to-End Perspective: You understand the full regulatory credit risk model lifecycle and are able to identify, assess and manage model risk at Group level.
Regulation & Policy: You apply capital requirements regulation, credit risk policies and model risk frameworks with sound judgement, translating regulatory requirements into defensible modelling and governance decisions.
Quantitative Judgement: You demonstrate strong command of quantitative and statistical concepts relevant to credit risk models, and can critically assess analyses with a clear supervisory and materiality lens.
Communication: You communicate technical positions clearly and precisely, engage confidently with senior stakeholders and supervisory authorities, and contribute pragmatically to the development of policies and methodologies.
Location:Milan (hybrid)
About ING
ING offers many opportunities to build a diverse and rewarding career. You will be joining an international innovative digital bank, the first in Italy to adopt a fully flexible smart working model, and you will be working in a stimulating environment where you can grow both as an individual and as a professional.
Our purpose - empowering people to stay a step ahead in life and in business - represents our belief in people’s potential. We don’t judge, coach or to tell people how to live their lives. We empower people and businesses to realize their own vision for a better future.
#doyourthing is our brand direction with us each and every day. It is how we articulate our purpose and our promise to make banking frictionless to the world. ‘do your thing’ is about people being free to live the life they want to live, knowing that they will make their world a little better for it.
Do you think you are "a step ahead"? Apply now!
The benefits of joining ING
In addition to being a part of a great team, working in a fun and innovative environment, we offer:
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 to help you grow
Lots of moments dedicated to physical and mental well-being
A special day off when it is your birthday: we call it #doyourbirthday!
And of course we can’t forget: free water & coffee at the office!
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.
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