Risk Model Oversight Expert (IRB & IFRS 9)

About the role

ING is looking for a group-level Risk Model Oversight Expert in Milan, overseeing regulatory credit risk models including IRB and IFRS 9. The role covers oversight of model changes, on-site inspections and internal model investigations, with direct interaction with the ECB and external auditors. You will support, advise and challenge senior Risk Management and Model Development teams, exercising independent technical judgement on model risk, methodology and supervisory expectations.

Key responsibilities

• Oversee changes to regulatory credit risk models and rating systems at Group level, acting as both advisor and controller.
• Perform advisory and quality-assurance reviews of internal model investigations (IMIs) and on-site inspections, including coordination of supervisory submissions, presentations and Q&As.
• Manage senior internal stakeholders across the end-to-end credit risk model lifecycle globally, as well as external stakeholders such as the ECB and external auditors.
• Represent ING in IMIs, on-site inspections and regulatory discussions related to credit risk models.

Required profile

• Master's degree and 6-12 years of experience in credit risk modelling, supervision or closely related fields.
• Broad, hands-on expertise in credit risk modelling, combining strong statistical depth with practical understanding of IRB and IFRS 9 frameworks, policy implications and regulatory context.
• Ability to identify, assess and manage model risk at Group level, and to apply capital requirements regulation, credit risk policies and model risk frameworks with sound judgement.
• Strong command of quantitative and statistical concepts, and ability to critically assess analyses with a clear supervisory and materiality lens.
• Clear communication of technical positions to senior stakeholders and supervisory authorities, and contribution to the development of policies and methodologies.
• Full proficiency in English.

What we offer

• Permanent employment contract, full-time (37 hours per week).
• Starting annual base salary from 50,000 EUR, with variable remuneration linked to role, group and business-line outcomes and individual performance.
• Hybrid work in Milan, under the National Collective Labour Agreement for employees in the credit sector.
• Flexible smart working, competitive base salary and performance-based bonuses, training and development opportunities, and a focus on physical and mental well-being.