Key Responsibilities

- Develop and maintain IFRS 9 models, managing all project phases: initiation, data collection, model design, development, validation interaction, and audit/regulatory engagement when required.
- Design and calibrate point‑in‑time risk parameters and macroeconomic overlays, ensuring proper incorporation of forward‑looking information and scenario‑based approaches.
- Monitor model performance through backtesting, benchmarking, and sensitivity analysis, identifying model weaknesses and implementing enhancements when necessary.
- Define and execute remediation plans to address findings from Internal Validation, Audit, and external reviews.
- Support model implementation and production deployment, including test strategy definition, UAT execution, reconciliation checks, and issue resolution.
- Collaborate with key stakeholders (Finance, Accounting Policy, Risk, IT, Data Management) to ensure alignment between risk models and financial reporting requirements.
- Conduct impact analyses related to model changes, macroeconomic scenarios, portfolio evolution, and regulatory/accounting updates.
- Perform portfolio monitoring activities, focusing on ECL drivers, staging allocation (Stage 1, 2, 3), and parameter evolution over time.
- Prepare reporting and documentation for Senior Management, including model performance, ECL dynamics, and key risk drivers.
- Ensure proper model governance and documentation, in line with IFRS 9 standards and internal policies.
- Promote best practices in IFRS 9 modeling and forecasting, supporting continuous improvement and knowledge sharing across the organization.

Skills & Competencies
- Strong knowledge of IFRS 9 accounting principles,



including ECL methodology, staging criteria, and forward‑looking adjustments.
- Solid understanding of regulatory and accounting interactions (e.g. linkage between IFRS 9 and IRB frameworks).
- Technical proficiency in data management and modeling tools (primarily SAS).
- Strong analytical skills, with ability to interpret macroeconomic scenarios and their impact on credit risk parameters.
- Excellent communication skills, with the ability to interact with Finance, Audit, Validation, and Senior Management.
- Proven collaboration skills with cross‑functional teams (Risk, Finance, IT, Data).
- Strong organizational and project management capabilities.
- Fluent in English, both written and spoken.

Required Experience
- Minimum 4 years of experience in IFRS 9 model development or validation, preferably on retail portfolios.
- Strong background in quantitative credit risk modeling, time‑series analysis, and forecasting methodologies. xysqume

Location

Milan (hybrid)

Le interessa questa opportunità? Si candidi in fretta, è previsto un elevato volume di candidature. Scorra verso il basso per leggere la descrizione completa.
Benefits

- Super flexible lavoro da remoto
- Competitive base salaries and performance‑based bonuses
- Diverse cultures & innovative mindsets
- International environment
- Commitment to sustainability
- Lots of training development opportunities
- Moments dedicated to physical and mental well‑being
- A special day off on your birthday

We are fully committed to creating a safe and inclusive environment, based on mutual respect and the value of diversity, offering equal job opportunities to all qualified candidates.

#J-18808-Ljbffr

📌 Credit Risk Model Developer (Milano)
🏢 ING Bank N.V. Milan Branch
📍 Milano