Policy & Governance (Senior) Expert - Model Risk Management

An increasing reliance on models within financial sector creates a new type of risk. This risk needs to be managed properly to avoid potential financial and reputational damages and to meet growing regulatory expectations. For that purpose ING is currently strengthening and extending its Model Risk Management (MoRM) team.

MoRM energetic, international team of highly qualified professionals. Part of it is Framework & Governance team. We are responsible for developing and maintenance of the MoRM framework and governance which covers all models used within ING Bank worldwide.

Your work environment

You are part of the Global MoRM department and you will be based in Amsterdam/ Head Office. The role requires interactions with many (senior) stakeholders on a variety of potentially high profile topics. The environment that you work in can be described as dynamic, professional with fast changing requirements and needs.

The MoRM is currently adopting the ING Agile One Way of Working.

Your Job

As an (Senior) Expert Policy & Governance you will contribute to the further development and enhancement of the global Model Risk Management Framework and its consistent application across the organization – on central (headquarters) as well as local (country) level.

You will be responsible for:

• Contributing to development and maintenance of MoRM policies and controls framework, incl. leading particular thematic projects.
• Supporting MoRM policy roll out by providing expert advice to stakeholders.
• Developing and conducting training on MoRM policy framework.
• Support in set up of model risk governance in various business unit (operational level governance) and oversight of domain and country level governance from HQ perspective.
• Providing quality assurance review of policies, standards, procedures, guidelines etc. developed by MoRM and other model risk related procedures developed within the wider ING organization

Your Profile

We are looking for candidates with an academic degree and working experience in a global organization in the financial services industry. Affinity with policy development and excellent communication skills are crucial for this role. Extensive risk management expertise incl. methodologies used in non-financial risk and model risk management is required. Experience with model validation or model audit is an advantage.

Key competencies

• Excellent stakeholders management skills, ensuring all deliverables are produced on time and up to the quality expected on executive level.
• Ability tofacilitatedecision-making to drive complex issues to a conclusion.
• Well-developed influencing skills and persuasiveness to explain to different audiences the policy requirements and their application in practice.
• Ability to build bridges between different levels, different people and different cultures
• Understanding of key regulations (such as ECB guidelines to internal models, TRIM Guide, SR 11-7) and their respective effects on Model Risk Management.
• Ability to draft policy documents, formal reports, discussion papers, proposals and executive communications.
• Excellent communication skill, being able to convey complex messages in simple ways both orally and on paper.
• Good listener and interviewer, able to obtain information from subject matter experts and incorporate stakeholders’ feedback.
• Flexibility to work simultaneously on more than one topic and variety of activities.
• Able to work on a dynamic environment and manage stress without losing focus from goals and deliverables.
• High degree of independence and pro-active attitude.

Technical skills and track record

• Excellent analytical skills, e.g. to be able to understand complex information, to extract the essence and translate it into clear definitions and statements.
• Research capabilities, to explore and identify new topics and developments relevant to model risk management.
• Well organized and structured, to be able to deliver high quality documents within tight timelines.
• Experienced in developing policy documents based on legislations and stakeholder interactions.
• Skilled in using MS product suite (word, excel, power point).
• Excellent English verbal and writing skills.
• Strong interpersonal skills, able to build effective working relationships and thrive in a diversified and multicultural work environment;
• Enjoy learning, sharing knowledge and have innovative mindset;

Furthermore, you adhere to the ING values and it is evident for you that your behaviour is fully aligned with these values. You are also prepared to take the Banker's Oath. For more information, please visit http://www.ing.jobs/Netherlands/Why-ING/This-is-ING-too/ING-Values.htm

What do we offer

• A market conform salary (depending on relevant knowledge and experience)
• A 13th month
• Contribution to individual savings
• A public transport ticket for the Netherlands / or travel budget (depending on salary scale)
• Possibilities for training
• An empowering culture & future career opportunities within Global ING organization

Interested?

Apply directly online, click on Apply for this job and upload your CV and motivation. We are looking forward to your application!