Model Developer – Bank Wide Market and Operational Risk Modelling – Economic Capital

The team

Economic Capital ensures ING holds sufficient funds to withstand extreme adverse market scenarios. The Economic Capital Squad within the Model Developer Bank Wide Market and Operational Risk Economic Capital team is responsible for the development of mathematical models to calculate the required Economic Capital for Market Risk, Operational Risk and Business Risk. Next to this, the squad implements these models on MApps, the ING Private Cloud, for locations to use. Finally, the Economic Capital Squad interacts with stakeholders to further improve and explain the workings of the models.

Roles and responsibilities

As a model developer, you will be working on the development of mathematical risk models. While model development remains a core responsibility of the team, the current focus is increasingly on the effective use of these models within the organisation.

Therefore, we are looking for a team member to work on the development of interactive tooling in the MApps environment to disclose information and provide insights into the Economic Capital calculations for users.

This means that, in addition to a quantitative background, we are looking for a candidate with experience in working with local entities and other stakeholders, such as the Model Owner, to translate user requirements into interactive dashboards, as well as the skills to implement them in a web-based environment.

In order to succeed the following requirements are a must:

• A quantitative master education

• Proven experience with stakeholder/location management

• Proven Experience as a model developer or model owner with customer behaviour‑based models

• Experience with creating reporting or dashboards for users

• Experience with object-oriented software development in large-scale systems, beyond standalone (Python) scripts.

• Proven experience of implementing reports into a web-based environment

• Additional professional qualifications in the financial risk field such as CFA or FRM

• Knowledge of SQL and databases

The following points are considered a plus:

• Experience with working with information in the ARA environment

• Understanding of QRM processes and related impact analyses

• Experience with project management

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. Find out more about our employment conditions.

The benefits of working with us at ING include:

• 25-28 vacation days depending on contract

• Pension scheme

• 13th month salary

• 8% Holiday payment

• Hybrid working

• Personal growth and challenging work with endless possibilities

• An informal working environment with innovative colleagues

About us
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Questions?
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