Product Owner - Model Validation Credit Risk

Organisatie
ING
Locatie
Amsterdam
Opleidingsniveau
WO
Arbeidsvoorwaarden
Marktconform
Vakgebieden
Deze vacature is niet meer vacant

Model Validation Credit Risk is looking for a Model Validator to fill in the Product Owner role

Our Credit Risk Model Validation tribe (CRMV) is a growing, energetic, international team of 85 highly qualified professionals with various quantitative backgrounds located in Amsterdam (~45) and Warsaw (~40). We are responsible for validating all Credit Risk models used by ING worldwide. By bringing in our expertise we assure that models are appropriate for intended use, compliant with internal policies and external regulations and its limitations are well understood by the organisation. Our goal is to ensure a strong modelling landscape within ING. CRMV’s scope includes IRB, IFRS9, Economic Capital, Stress Testing and Credit Decision Models (CDM), such as acceptance scorecards and early warning systems.

We are looking for a model validator to fill in the role of Product Owner in one of our chapters.

The responsibilities of a Product Owner

As a Product Owner you’re the “spider in the web” for one (or two) model validation squads, both internally towards the team members and externally towards the stakeholders. You continuously align the demand for model validations and other work with the supply and availability of the model validators, resulting in a planning. This planning needs to be aligned with the various stakeholders and will be part of a broader, end-to-end (or “integrated”) planning of model lifecycle activities. You are responsible for what a squad does, therewith driving the squad’s delivery.

This means that you:

  • own the squad’s backlog and continuously update it with new requests (e.g. periodic and pre-approval validations, recommendation follow-up assessments, CAS and ECB findings, policy work etc.);
  • prioritize the backlog by a.o. consulting & aligning with the squad’s broad range of stakeholders (e.g. other Product Owners), by defining road maps in “Quarterly Business Reviews” and by aligning in “Market Places” with senior management;
  • manage the backlog on a continuous basis and therewith drive the planning;
  • plan and support model validation projects from a project management perspective. E.g. you timely send the upcoming validation planning and first information requests to the stakeholders, you organize kick-off sessions, interim meetings, report discussion meetings & retros, and you ensure a proper archiving of each validation for auditability purposes. Moreover, you ensure a timely delivery of the required information to the validators and are the escalation point for planning and alignment issues;
  • deliver planning updates & project progress dashboards to the Tribe Lead on a regular basis, as well as contribute to the tribe’s budget requests to senior management;
  • provide feedback on the performance to both the validators and Chapter Lead(s);
  • take the initiative to continuously improve the agile way of working, the collaboration within your squad and the interaction with stakeholders;
  • frequently align with the Agile Coach, the Chapter Lead(s) and Senior/Principal Validation Lead.


You’ll work closely with the Chapter Lead(s). Together you ensure that the work is effectively allocated within the squad. Together with the Chapter Lead and/or Senior/Principal Validation Lead, you determine a project’s overall duration (which the validators subsequently refine into milestones).

You’ll be part of the leadership team of the CRMV tribe, reporting directly to the Tribe Lead. Together with the other Chapter Leads, the Product Owners and the Senior/Principal Validation Leads, you contribute to the further design of the tribe’s vision & strategy and drive the execution.

Who are we looking for?

We are looking for enthusiastic, communicative and energizingpersonalities, who can strengthen our squads with excellent planning, organizing and stakeholder management skills. You are a team player with a proactive, positive and results-oriented attitude, combining a structured approach with a good sense of organizational sensitivity. You are an advocate of the “ING Orange Code”, a naturally collaborative person, who listens and invests in others to achieve common goals. You are transparent, embrace the ING One Way of Working and have the personality & ability to put a stick in the ground when needed.

Furthermore you:

  • have an academic degree in e.g. financial economics/econometrics or another quantitative field, with a background in and/or affinity with models;
  • have at least 3 to 5 years of related work experience in risk management and/or a modelling domain;
  • have experience in planning & organizing multiple projects simultaneously, using various reporting tools, e.g. dashboards, presentations, resource estimates;
  • are organized, accurate, detail-oriented and are able to translate strategic issues into concrete plans;
  • have excellent stakeholder management skills, you get energy from solving planning puzzles & issues, you are persuasive and feel comfortable to interact with senior management;
  • have experience with the agile way of working and have an interest in progressing with this;
  • have fluent communication skills in English, both verbally and in writing.
  • occasionally you are also involved in model validation activities for cross-Tribe or chapter specific projects

You are prepared to travel occasionally. Your main base is Amsterdam.

Your work environment

  • Our Tribe is part of the Model Risk Management (MoRM) department which currently consists of three validation tribes (Credit Risk; Trading Book Risk and Banking Book Risks) and a Model Risk Oversight tribe.
  • MoRM has adopted the ING One Way of Working. In our organisation set-up we distinguish Chapters and Squads. CRMV has chapters & squads with each their own focus on all the models of specific business units. Each chapter has its Product Owner.
  • Our main stakeholders are ING’s head office and local risk departments, senior management (including the CRO and Executive Board), internal and external auditors, the ECB and other regulators. To ensure its independence, Model Risk Management reports directly to the CRO.
  • The environment that you work in can be described as dynamic, professional with fast changing requirements and needs.
  • CRMV promotes a culture of continuous improvement & innovation, ongoing feedback and empowering people to take responsibility.

What we offer

A job from 36 to 40 hours and a unique offer that fits in with the times of today. We take into account your home situation and your ambitions and help you to balance work and private life.

To give you an idea, we will tell you about the benefits of working at ING:

  • A competitive salary suitable for your level of experience;
  • A 13th month salary;
  • A contribution to individual savings (equal to 3.5% of gross annual salary);
  • 8% holiday payments;
  • A choice in transportation allowances (mobility card);
  • A good pension scheme;
  • Ample opportunities for training and development, including courses;
  • 27 personal holidays with a 40-hour contract (or 24 based on 36h), as well 1.5 days of “diversity days” and 2 collective holidays.
  • An informal, positive working environment with highly qualified colleagues, who like to improve, value diversity and support each other;
  • The possibility to work from home: ING is transitioning to a ~50% Hybrid Mode;
  • An innovative, rapidly expanding environment, with the agile way of working being key, such that new ideas come to life incrementally;
  • Great career opportunities, both national and international.

Interested?

Apply for this job now! For further information, please contact Verena Beller, Chapter Lead for Credit Risk Model Validation Netherlands (verena.beller@ing.com).

Vacature informatie

Organisatie: ING

Locatie: Amsterdam

Opleidingsniveau: WO

Meer vacatures