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?
Please visit our Frequently Asked Questions section to find some answers on questions you might have. Want to apply directly? Please upload your CV and motivation letter by clicking the ‘Apply’ button.
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