PpYou will join the Model Development Unit within the Retail Credit Risk area, contributing to the design and enhancement of risk models for retail portfolios. Specifically, you will be part of the team responsible for developing models for calculating risk parameters (PD, LGD, EAD) under both IRB and IFRS9 frameworks. /p h3Key Responsibilities /h3 ul liDevelop and maintain AIRB and IFRS9 models, managing all project phases: initiation, data collection, model development, validation interaction, and regulatory engagement (ECB when required). /li liMonitor model performance through periodic backtesting and implement corrective actions when necessary. /li liDefine and execute action plans to address validation findings and regulatory feedback. /li liSupport implementation and production deployment, including test strategy definition, result verification, and corrective measures. /li liCollaborate with internal and external assessment teams (Internal Validation, Audit, ECB) ensuring timely adoption of recommendations. /li liConduct ad-hoc qualitative and quantitative analyses, including impact assessments and sensitivity analyses for forecasting, new product introduction, pricing, and model changes. /li liPerform portfolio monitoring with a focus on risk parameter evolution. /li liPrepare reports for Senior Management on model performance and corrective actions. /li liEnsure integration of models into business processes and promote knowledge sharing across the organization. /li liAct as a change agent, fostering awareness and adoption of advanced risk modeling practices. /li /ul h3Skills Competencies /h3 ul liStrong knowledge of EBA and IRB regulations (CRR, EBA guidelines, etc.). /li liTechnical proficiency in data management and modeling tools (SAS, Python, MATLAB, etc.). /li liExcellent ability to interact with senior management, validation teams, and supervisory authorities. /li liStrong collaboration skills with internal stakeholders (IT, Data Management, Finance, etc.). /li liProven team coordination, time management, and organizational skills. /li liFluent in English, both written and spoken. /li /ul h3Required Experience /h3 ul liMinimum 4 years of experience in IRB/IFRS9 model development or validation for retail portfolios. /li liSolid background in quantitative risk modeling and regulatory compliance. /li /ul pbLocation: /bMilan (hybrid) /p h3About ING /h3 pING offers many opportunities to build a diverse and rewarding career. You will be joining an international innovative digital bank, the first in Italy to adopt a fully flexible smart working model, and you will be working in a stimulating environment where you can grow both as an individual and as a professional. /p pOur purpose - empowering people to stay a step ahead in life and in business - represents our belief in people’s potential. We don’t judge, coach or to tell people how to live their lives. We empower people and businesses to realize their own vision for a better future. /p p#doyourthing is our brand direction with us each and every day. It is how we articulate our purpose and our promise to make banking frictionless to the world. ‘do your thing’ is about people being free to live the life they want to live, knowing that they will make their world a little better for it. /p pDo you think you are "a step ahead"? Apply now! /p h3The benefits of joining ING /h3 pIn addition to being a part of a great team, working in a fun and innovative environment, we offer: /p ul liSuper flexible smart working /li liCompetitive base salaries and performance based bonuses /li liDiverse cultures Innovative mindsets /li liInternational Environment /li liCommitment to sustainability /li liLots of training development opportunities to help you grow /li liLots of moments dedicated to physical and mental well-being /li liA special day off when it is your birthday: we call it #doyourbirthday! /li liAnd of course we can’t forget: free water coffee at the office! /li /ul h3Our Commitment /h3 pDiversity is a fundamental element of our corporate culture, and 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. /p h3Job Application Safety Reminder /h3 p⚠️ We’re seeing an increase in fraudulent job offers. To protect yourself, please follow these key guidelines when applying for roles at ING: /p ul liApply only via official ING platforms: ING uses bWorkday /b as its internal recruitment system. Applications should be submitted only via our official career site. /li liCheck the sender’s email carefully: legitimate communication will always come from: @ing.com and/or @myworkday.com /li liNo payments or banking details will ever be requested. If someone asks for this information, it’s a scam. /li /ul /p #J-18808-Ljbffr