Overview

In this role you join ING’s Model Development Unit within Retail Credit Risk to design, implement, and monitor AIRB and IFRS9 risk models for Mortgage and Consumer Lending portfolios. You will manage the full model lifecycle—from development and validation to deployment and ongoing monitoring—while ensuring regulatory alignment. You’ll work with cross-functional teams to translate risk insights into business actions and support regulatory interactions. This is an opportunity to influence risk strategy in a dynamic, international banking environment.

Retribuzione / Benefits

- Flexible Lavoro da remoto
- Competitive base salaries
- Performance-based bonuses
- Health insurance
- Pension fund and welfare plan
- Birthday day off (#doyourbirthday)

Responsabilità

- Lead development, maintenance and monitoring of AIRB and IFRS9 models for Mortgage and Consumer Lending portfolios
- Develop PD, LGD and EAD models under AIRB for Mortgage and IFRS9 for Mortgages and Consumer Lending
- Ensure compliance with ECB, EBA and Group model risk management requirements; support approvals, annual reviews and regulatory inspections
- Monitor model performance via backtesting and implement corrective actions
- Define and execute action plans to address validation findings and regulatory feedback
- Support implementation and production deployment including test strategy and result verification
- Collaborate with internal and external assessment teams (Validation,



Audit, ECB) ensuring timely adoption of recommendations
- Conduct ad-hoc qualitative and quantitative analyses (impact assessments, sensitivity analyses) for forecasting, product changes and pricing
- Perform portfolio monitoring focusing on risk parameter evolution
- Prepare reports for Senior Management on model performance and corrective actions
- Ensure integration of models into business processes and promote knowledge sharing
- Act as a change agent promoting adoption of advanced risk modeling practices

Requisiti fondamentali

- Strong experience in credit risk modelling within banking environments
- Proven experience in AIRB and/or IFRS9 methodologies (PD, LGD, EAD)
- Knowledge of ECB and EBA requirements related to IRB and IFRS9
- Experience interacting with Validation, Internal Audit and regulators; advantageous
- Knowledge of Mortgage and Consumer Lending portfolios preferred
- Technical proficiency in SAS, Python, MATLAB (or similar)
- Strong collaboration with IT, Data Management, Finance
- Proven team coordination, time management and organizational skills
- Fluent in English
- Minimum 4 years in IRB/IFRS9 model development or validation for retail portfolios
- Solid background in quantitative risk modelling and regulatory compliance

- Cross-functional collaboration
- Communication with stakeholders
- Analytical mindset
- SAS
- Python
- MATLAB

📌 Credit Risk Model Developer (IRB & I (Milano)
🏢 Ing Banking
📍 Milano