Credit Risk Model Developer (IRB & IFRS9)

Location: Milan, Italy, with flexible smart working

Annual base salary starting from: €57,000, plus variable remuneration based on role, business and individual performance

Company

ING is an international digital bank with a flexible smart working model and a focus on innovation, inclusion, sustainability and employee development.

What you will do

• Develop, maintain and monitor AIRB and IFRS9 models for Mortgage and Consumer Lending portfolios.
• Build and enhance PD, LGD and EAD risk parameter models across the full model lifecycle.
• Support model approvals, annual reviews, remediation plans and regulatory inspections in line with ECB, EBA and Group requirements.
• Perform backtesting, portfolio monitoring, impact assessments and sensitivity analyses, implementing corrective actions where required.
• Support model implementation and production deployment through test strategy definition, result verification and corrective measures.
• Collaborate with Validation, Audit, ECB, IT, Data Management, Finance and senior management teams, while preparing performance reports and promoting advanced risk modeling practices.

Requirements

• At least 4 years of experience in IRB/IFRS9 model development or validation for retail portfolios.
• Strong experience in quantitative credit risk modeling within banking environments, including PD, LGD and EAD.
• Good understanding of ECB and EBA requirements for IRB and IFRS9 frameworks.
• Technical proficiency in data management and modeling tools such as SAS, Python or MATLAB.
• Strong collaboration, coordination, time management and organizational skills.
• Fluent English, written and spoken.

Nice to have

• Experience with Mortgage and Consumer Lending portfolios.
• Experience working with Validation, Internal Audit, regulators and senior management.

Culture & Benefits

• Permanent employment contract with full-time working hours of 37 hours per week.
• Flexible smart working in an international and diverse environment.
• Health and accident insurance, pension fund, welfare plan and meal vouchers.
• Training and development opportunities, talent programs and support for physical and mental well-being.
• Corporate restaurant and bar, birthday day off, and free water and coffee at the office.