Model Validator IRRBB & ICLAAP

About the role

ING is looking for an energetic, collaborative and hands-on Model Validator to support the Chapter Lead IRRBB & ICLAAP within Model Validation Financial Risk in its Amsterdam office. The team is an international group of about 15 professionals who safeguard the quality of ING's models used for decision making in roughly 40 countries. The role covers interest rate risk and ALM models, from quantitatively advanced models to those relying on expert judgment.

Key responsibilities

• Carry out timely, high-quality model validations in line with external regulations, internal policies and validation frameworks.
• Challenge the first line of defence on its level of model risk.
• Write validation reports and present findings to committees and stakeholders.
• Take part in thematic reviews and give expert advice on model risk issues.
• Support the development of validation frameworks and automation initiatives.
• Collaborate across chapters and locations and maintain constructive relationships with Model Development, Risk Management and Audit, and with regulators and auditors.
• Share knowledge, coach more junior staff and embrace ING's Agile way of working.

Required profile

• MSc or PhD in (financial) econometrics, financial mathematics, quantitative financial economics, mathematics, statistics, physics or similar, with significant professional experience in a comparable role.
• Adequate technical and regulatory expertise in quantitative modelling and risk management.
• Ability to challenge the first line of defence and manage several priorities in a fast-changing environment.
• Continuous improvement mindset and openness to innovation.

Required skills

• Solid programming experience, preferably in Python and/or R.
• Attention to detail and excellent verbal and written communication, able to explain complex quantitative and regulatory topics to senior management, auditors and regulators.

What we offer

• 25-28 vacation days depending on contract, pension scheme, 13th month salary and 8% holiday payment.
• Hybrid working.
• Personal growth and an informal working environment with innovative colleagues.