Junior/Medior Model Validator – Trading Risk... Model Validation is looking for an enthusiastic, curious Junior/Medior Model Validator who likes to develop him/herself in the Trading Risk validation... ING’s global Model...
Junior/Medior Model Validator – Trading Risk models
Model Validation is looking for an enthusiastic, curious Junior/Medior Model Validator who likes to develop him/herself in the Trading Risk validation chapter
ING’s global Model Validation Trading Risks tribe is an energetic, diverse and collaborative international team currently consisting of about 15 highly qualified professionals of various quantitative backgrounds, located in Amsterdam.
Following ING’s Think Forward Strategy to become the next generation digital bank, data and models are considered key assets in our bank. As model validators we safeguard the quality of ING’s models, which are used for all kinds of decision making purposes. We also contribute to the Model Risk Management (r)evolution that is picking up worldwide, given that models are imperfect representations of reality and hence may lead to financial losses and/or reputational damage. To effectively achieve these challenges, our Model Validation teams have been substantially growing in size lately and will further grow, also internationally.
We are responsible for validating Market & Counterparty Credit Risk models used by ING in about 40 countries all over the globe. We cover an interesting, wide and evolving model scope aimed to measure the market & counterparty credit risks in trades with a counterparty. These models tend to be technically advanced quantitatively. Our core business consists of independently assessing whether a particular model is fit for the purpose it was designed for, based on the business context, academic theories, empirical evidence, regulations, best practices & technological innovations. Effective challenge is key in our role. Herewith we contribute to sound business practices, supporting a healthy, sustainable ING and global financial stability.
The role of model validator
As a model validator you focus on and further learn about the topics related to the models in your scope, using econometrics, quantitative finance, coding, business knowledge and related regulations. You perform in-depth analyses and write code to perform quantitative assessments. You summarize your analyses and conclusions in clear, fact-based and persuasively written reports, which are presented to the relevant Model Approval Committee. You share your knowledge and effectively communicate with team members and a wide range of internal and external stakeholders. You also have the opportunity to participate in the development of innovative, state-of the-art validation frameworks and coding libraries.
Your main daily activities consist of the following:
Your prospective model scope is broad and are related to the following main areas:
As part of the Trading Risk chapter, you will contribute to further building and developing the team by sharing knowledge, coaching more junior staff and by embracing ING’s Agile way of working.
Who are we looking for
We are looking for enthusiastic colleagues who enjoy performing quantitative analyses, writing & defending high quality validation reports, and have an intrinsic curiosity to continuously expand their knowledge. In particular, as a member of our team, you have:
Above all, you have a genuine passion to continuously improve yourself and our team. As a model validator at ING, you will be empowered to have a true impact on ING’s future model landscape. Moreover, you will contribute to further implementing ING’s innovative Think Forward strategy.
Your work environment
The Trading Risk chapter is part of ING’s global Model Risk Management domain, which consists of multiple Model Validation teams (i.e. “tribes”& “chapters”, each focusing on a main risk area(s)) and Model Risk Oversight, located both in Amsterdam and Poland.
What we offer
We care about an adequate work–life balance and we empower our colleagues to realize their ambitions: “.” More details can be found .
Interested to learn more?
Apply directly online by clicking on the “Apply” button below.
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