We are looking for an energetic, naturally collaborative, and hands-on Model Validator to support the Chapter Lead IRRBB & ICLAAP within Model Validation Financial Risk in a 4-month Short Term Assignment with focus on validation of Economic Capital models
In particular, as a member of our team, you have:
A quantitative background, i.e. a MSc or PhD degree in e.g. (Financial) Econometrics, Financial Mathematics, Quantitative Financial Economics, Mathematics, Statistics, Physics etc. combined with significantly relevant professional experience in a comparable role
Adequate technical and regulatory expertise in quantitative modelling and risk management.
Attention to detail and commitment to delivering high-quality work.
Excellent verbal and written communication skills, with the ability to explain complex quantitative and regulatory topics clearly and convincingly to a broad range of stakeholders, including senior management, auditors and regulators.
Ability to challenge 1st MLoD on their Model Risk and to manage multiple priorities in a fast-changing environment.
Specific Tasks and Responsibilities
Conduct timely, high-quality model validations in line with external regulations, internal policies, and model validation frameworks.
Challenge 1st MLoD on their level of model risk
Prepare validation reports and present findings to committees and stakeholders, ensuring transparency and clarity.
Collaborate with colleagues across chapters and locations to ensure consistency and share best practices.
Maintain constructive relationships with internal teams (Model Development, Risk Management, Audit) and assist with external stakeholder management (regulators, auditors).
Within your assignment your model scope is related to Market Risk Economic Capital models, hence knowledge on the following areas is deemed important:
Behavioral: Modelling of mortgage & other loan prepayments and non-maturity deposits, as well as other embedded options in retail and wholesale products.
Interest rate: Market models (e.g. Hull-White model).
Valuation: Models used for calculating the economic value of a loan or deposit portfolio with embedded options.
Risk measurement: Models used for risk management and reporting (NPVaR, RRaR, NIIaR).
About us
Curious about how ING empowers people and businesses to move forward?
Discover what we do and what we can offer you
Questions?
Please visit our Frequently Asked Questions section to find some answers on questions you might have.
Contact the recruiter attached to the advertisement. Want to apply directly? Please upload your CV and motivation letter by clicking the ‘Apply’ button.
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
