Models Audit Manager

Organisatie
ING
Locatie
Amsterdam
Opleidingsniveau
WO
Arbeidsvoorwaarden
Marktconform
Vakgebieden

The opportunity

Adequate internal model development, independent model validation and effective monitoring are integral components of model risk management in today’s highly regulated financial environment. Within ING we share a strong sense of responsibility for improving the effectiveness of processes that control the risks we are facing as a financial institution. Corporate Audit Services (CAS) conducts and coordinates audits within the area of Model Risk Management. TheModel Audit Supervisor/ Audit Manager is part of the CAS Models team, a dedicated team of model experts who support the various audit teams across the world in effectively assessing the design and operating effectiveness of all types of models in ING (credit / market risk models, Machine Learning models etc.).

Roles and responsibilities

As a Models Audit Manageryou will be challenging the models and assessing the model design, development, validation, implementation, monitoring, together with a project team of auditors and risk specialists. Your tasks will consist of well-known validation and test techniques for both regulatory (e.g. AIRB, VAR/Expected Shortfall, IMM) and non-regulatory models (amongst others: credit application, Pricing/Valuation, IFRS models). Machine Learning models is part of non-regulatory models. You will report your audit findings, including suggestions for improvement and concrete recommendations, and presented them to senior management.

Your counterparts in the ING organization are working in model development, global analytics, risk measurement and model validation departments. You will challenge them towards developing industry best practice and new modelling techniques.In addition, you will own audits and projects in the team, and lead a group of auditors in different engagements.

Finally, you will own relationships with stakeholders up to Senior Management level.

The team

As aAudit Manageryou are part of an international Model Risk audit team. This team is part of the CAS Audit Division Risk & Finance. CAS is a highly professional organization with approximately 20 audit teams across the globe and comprises a diverse international team of around 450 members.

Together with your CAS colleagues, you will have worldwide coverage on model related audits. International audits are performed as a joint effort between local representatives and central model specialists. Working at CAS you will be operating at the very heart of the ING organization. This also means that your work will be visible to regulators, external accountants and executive management

How to succeed

We hire smart people like you for your potential. Our biggest expectation is that you’ll stay curious. Keep learning. Take on responsibility. In return, we’ll back you to develop into an even more awesome version of yourself.

A successful candidate should have strong analytical skills and the ability to challenge and improve models and algorithms used within ING. Moreover, being able to translate complex modelling problems to their effect and impact on the bank’s operations is a key to success. Good communication and presentation skills are strong requirements. The candidate should have a pro-active attitude and a creative mindset. The ideal candidate will have strong academic records and experience in model development and/or validation. Experience in risk management is not required but may be considered as a plus. You are accurate and describe yourself as a team player who is very capable of working in international teams, as well as independently when the task at hand requires.

Furthermore you:

· Have a university degree (MSc or PhD) in econometrics, mathematics, physics or other quantitative topic.

· Have more than 7 years of relevant work experience within a financial institution / university

· Have good programming skills in Python/ R/ Matlab/ SAS

· Have managed teams, either directly or indirectly, and can influence, and support a team.

· Are fluent in English (fluency in other languages is appreciated).

· Are keen in exploring many aspects of financial modelling.

· Are organizationally sensitive and effective in conflict management.

· Have proven communication, convincing and advisory skills with the ability to work at all levels in the organization.

· Are persuasive; being able to ‘get people on board’ and ensure necessary buy-in from stakeholders.

· Are willing and free to travel, dependent on the assignments (approximately 6 weeks per year).

Focus on development and growth

At ING we realise that qualitative growth means that we always have to have the best people in the best positions. That's why we will invest in your personal growth and development. Within CAS this is even more important, in order to stay closely connected to the rapidly changing internal and external environment. We will ensure that you are always up-to-date on the key developments in your area of attention, which allows you to continue improving your performance.

Rewards & benefits

This is a full-time position of 36 hours or 40 hours a week.

We want to make sure that it’s possible for you to strike the right balance between your career and your private life. You can find out more about our employment conditions at https://www.ing.jobs/netherlands/Why-ING/benefits.htm

The benefits of working with us at ING include:

• A salary tailored to your qualities and experience

• 24-27 vacation days depending on contract

• Pension scheme

• 13th month salary

• Individual Savings Contribution (BIS), 3.5% of your gross annual salary

• 8% Holiday payment

• Personal growth and challenging work with endless possibilities

• An informal working environment with innovative colleagues

• Work Agile, so new ideas come to life faster

Questions?
Contact the recruiter attached to the advertisement for more information. Want to apply directly? Please upload your CV and motivation letter by clicking the “Apply” button.

About us

With 57,000 employees and operations in approximately 40 countries, there is no shortage of opportunities for people with initiative who want to help people take a step ahead in life and in business. Do you want to work at the cutting edge of what’s possible and at the same time ensure you work with integrity and hold the customer’s interests at heart? Do you want to be surrounded by progressive, inspiring, diverse and supportive colleagues? Then there is no better place to invest your talents than at ING. Join us. Apply today.

Vacature informatie

Organisatie: ING

Locatie: Amsterdam

Opleidingsniveau: WO

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