Senior Model Developer (Credit Risk)

Location: Milan, Italy

Company

ING develops bank-wide credit risk and ESG risk models supporting corporate lending activities.

What you will do

• Support the full model development lifecycle, including methodology definition, data analysis, development, calibration, documentation, and monitoring.
• Develop and maintain Pillar I, Pillar II, IFRS9, and ESG risk models, including stress-testing initiatives.
• Coordinate testing, validation, and production release activities.
• Contribute to initiatives involving supervisory authorities and internal or external auditors.
• Perform portfolio and deep-dive analyses for business-as-usual model usage and ad-hoc risk initiatives.
• Collaborate with front office, Risk Management, Model Risk Management, auditors, and group model development teams in Amsterdam.

Requirements

• At least 4 years of experience in credit risk model development, including AIRB or IFRS9, or in ESG modeling.
• Master’s degree or PhD in Econometrics, Physics, Statistics, Mathematics, Engineering, or a related field.
• Strong knowledge of regulatory models, the Basel framework, IFRS9, and expert-based or statistical credit risk models.
• Knowledge of ECB and EBA regulatory frameworks; experience interacting with supervisory authorities is valuable.
• Extensive experience with data modeling and coding tools such as Python, R, and SAS, plus familiarity with GenAI tools.
• Fluent English, strong communication skills, analytical ability, and experience engaging with senior management.

Culture & Benefits

• Work within bank-wide credit risk, ESG risk, and risk strategy teams.
• Collaborate with multidisciplinary stakeholders across risk, front office, audit, and model development functions.
• Contribute to innovative modeling initiatives and complex regulatory projects.