Team description
The mission of Integrated Risk is focused on providing risk identification, aggregation and insight capabilities at Group level across the various Risk domains. The team department is using those capabilities across the various risk functions, to assume a general oversight of risk governance, policies and frameworks, and to steer group-wide model and implementation activities across locations.
Specific Function
The Bank-wide Credit Risk Models department is responsible for the management of Wholesale Banking (WB) IRB and IFRS9 and the Bank-wide Credit Risk Economic Capital models - including their development, monitoring, and advisory support to the business - in cooperation with relevant stakeholders. All the models in scope are groupwide, managed and developed centrally and consistently applied across all ING’s locations.
Job description
Leads a team of experts responsible for maintenance of the IRB models for Large corporate and FI portfolios, supporting and safeguarding the model environment. Interacts with auditors, regulators and internal stakeholders in order to be compliant with the internal and external regulations and INGs Risk Appetite Statement.
Specific Tasks and Responsibilities
Steer and lead end-to-end oversight over changes to regulatory models. Manage end-toend approval process for changes to regulatory models and rating systems, including review of initiation process and review and challenge of application pack.
Steer and lead senior experts in IMI quality assurance and monitoring of Q&As.
Oversee closure of supervisory obligations across all ING's regulatory models, challenging first line on remediation approaches and reviewing obligation closure memos.
Proactively manage internal stakeholders across end-to-end regulatory credit risk model lifecycle across ING globally as well as external stakeholders, in particular ECB, regarding ING's regulatory model changes.
Safeguard and uplift the models for internal purpose and create added value in optimization of the E2E lending journey and capital consumption.
Represent ING on matters related to internal models to regulator.
Support Head of Bank-wide Credit Risk Models with management of regular interactions with the ECB JST concerning internal regulatory models, setting the agenda based on bankwide priorities and align internal stakeholders on ING's standpoints regarding topics discussed.
Build, grow and lead team of senior experts. Recruitment, coach, motivate and talent development of scarce senior regulatory and model experts. Build central capacity for oversight over regulatory model changes.
Specific Knowledge and Experience
University / Postgraduate (Master's Degree)
10-15 years of experience in financial risk management, supervision or related fields.
Broad expertise across credit risk modelling, statistics, policy development, regulation/supervision, combining strong technical background with domain expertise.
Extensive experience in steering / managing / organizing teams of experts over short/medium timescales.
Decision quality: Constantly strives for timely and high-quality decisions, considering tradeoffs at a strategic level, built on quick assimilation of complex analyses.
Risk Management: Applies broad knowledge on the end-to-end regulatory credit risk model lifecycle (IT, data, model & policy development, regulation) to act as the organizational authority on identifying, assessing, prioritizing and managing model risks.
Strategic Planning: Uses expertise to act as organizational authority on strategic planning regarding regulatory compliance and internal credit risk model strategy.
Ensures Accountability: Fosters a sense of accountability across the organisation and personally takes a strong role in ensuring commitments to internal policies and external
regulations are met.
Learning: Strongly champions and rewards exploration and out-of-the-box approaches.
Effective Team building: Builds strong-identity teams of diversely skilled experts to achieve common goals, with the ability to drive engagement by creating a shared vision across the team.
Reporting Line and Classification
Team lead Large Corporate & Financial Institutions | Lead Financial Risk IV reports hierarchically to Head of Bank-wide Credit Risk Models located in Amsterdam