Model Validator IRRBB & ICLAAP

About the Position

We are looking for an energetic, naturally collaborative, and hands-on Model Validator IRRBB & ICLAAP to support the Chapter Lead IRRBB & ICLAAP within Model Validation Financial Risk at ING Bank in Amsterdam, Netherlands.

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.
• Participate in thematic reviews and provide expert advice to internal stakeholders on model risk issues.
• Support the development and implementation of innovative validation frameworks and contribute to automation initiatives.
• 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).
• Contribute to continuous improvement by suggesting enhancements to validation processes and frameworks.

Requirements

• 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.
• Solid programming experience (preferably in Python and/or R).
• 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.
• Continuous improvement mindset and openness to innovation.

We Offer

• Competitive salary range: €5,677 - €9,137 per year.
• 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 the Company

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.

Apply now

Your place of work

Explore the area

Questions? Just ask Maria Renema

Ask by email

ING’s vision is to unlock our people’s full potential through our inclusive culture where everyone has the opportunity to develop and have impact for our customers and society. To achieve this vision, our policies support diversity, equity, and inclusion. As an equal opportunity employer, we do not tolerate discrimination of any kind with regard to age, gender, gender identity, cultural background, experience, religion, race, ethnicity, disability, family responsibilities, sexual orientation, social origin, or any other status protected by applicable law. If you require any assistance or if we can accommodate you in any way when participating in our application and/or interview process, please email the recruiting contact listed for the relevant position. We will be happy to work with you to ensure a fair and accessible process. Read more about our commitment to diversity, inclusion and belonging here.