Model Developer Model Developer Bank Wide Market and Operational Risk Economic Capital 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.
As a model developer, you will be working on the development of mathematical risk models. In this particular role your main focus will be on Operational Risk and customer behavioural 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:
The following points are considered a plus:
ING is a pioneer in digital banking and on the forefront as one of the most innovative banks in the world. As ING, we have a clear purpose that represents our conviction of people’s potential. We don’t judge, coach, or tell people how to live their lives. However big or small, modest or grand, we empower people and businesses to realise their vision for a better future. We made the promise to make banking frictionless, removing barriers to progress, and make people confident in their financial decisions. As a global bank we have a huge opportunity – and responsibility – to make an impact for the better. We can play a role by financing change, sharing knowledge, and innovating. Being sustainable is in all the choices we make—as a lender, as a partner and through the services we offer our customers
