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You will execute the end-to-end Model Risk Management Framework, ensuring models are consistently identified, classified, and monitored against risk appetite. Additionally, you will drive the transition to portfolio-level risk management by developing data-driven capabilities and influencing senior stakeholders.
Requirements
Candidates must hold a Master's degree in a quantitative discipline and possess at least 3 years of experience in model or quantitative risk management. Strong analytical skills, knowledge of banking risk practices, and the ability to communicate complex findings to senior management are essential.
Full job description
Models are at the heart of how ING makes decisions, across Credit, Market, KYC, Operational, Pricing, and beyond. We are looking for a hands-on, analytically driven Model Risk Specialist to join our Model Risk Portfolio Management & Frameworks team. You combine deep quantitative expertise with a strategic mindset and are energised by translating complex risk frameworks into scalable, data-driven solutions that create measurable impact across the organisation.
The team The Model Risk Management department exists to ensure that model output leads to the right decisions and that models add business value safely. Our ambition is to establish one global framework that works in practice, with clear roles and ownership across all lines of defence and locations, governance operationalised through our Model Risk Management platform, and portfolio-level reporting that provides senior management with decision-ready risk information.
The team is driving the transition from reactive, model-by-model risk management to active portfolio steering, where prioritisation, remediation, and decommissioning decisions are driven by agreed risk metrics and forward-looking indicators. We aim to deliver reporting that not only describes risk but clearly signals when escalation or intervention is required.
Roles and responsibilities In this role, you will play a key role in shaping and executing ING’s model risk management ambitions.
Execute the Model Risk Management Framework end-to-end, ensuring models across all domains and locations are consistently identified, classified, monitored, and assessed against a clearly defined Risk Appetite.
Develop and leverage data-driven capabilities to identify risk concentrations, dependencies, and emerging patterns across the model portfolio, translating analytical insights into proactive, forward-looking risk assessments and concrete management actions.
Own the shift to portfolio-level risk management by driving structured portfolio reviews, forward-looking risk indicators, and prioritisation decisions based on agreed metrics.
Turn governance into practice by shaping and delivering the next generation of Model Risk tooling, defining platform requirements, and translating them into clear specifications for technology teams.
Serve as the primary advisor on the MoRM Framework, ensuring alignment with ING governance, internal risk frameworks, and regulatory developments, including the EU AI Act.
Drive accountability by influencing and challenging senior stakeholders to take ownership of model risk in the first line and leading framework changes and cross-organisational initiatives where needed.
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.
Master’s degree (or equivalent) in a quantitative discipline with 3+ years of experience in model risk, quantitative risk management, or a closely related field.
Deep understanding of modelling techniques and their practical application across Credit Risk domain.
Strong analytical skills with a proven ability to identify patterns, connect dependencies, and translate findings into meaningful risk assessments and recommendations.
Solid knowledge of banking risk management practices, products, and the regulatory landscape governing model use.
Ability to confidently influence and challenge senior stakeholders, driving ownership and meaningful behavioural change.
Excellent communication skills, with the ability to explain analytical findings to technical audiences and articulate risk implications to senior management.
Strategic mindset with the ability to translate long-term vision into clear priorities and measurable outcomes.
Rewards and benefits We want to make sure that it’s possible for you to strike the right balance between your career and your private life. Find out more about our employment conditions
The benefits of working with us at ING include:
25-28 vacation days depending on contract
Pension scheme
13th month salary
8% Holiday payment
Hybrid working
Personal growth and challenging work with endless possibilities
An informal working environment with innovative colleagues
About us Curious about how ING empowers people and businesses to move forward?
Questions? Please visit our Frequently Asked Questions section to find some answers on questions you might have.
Contact the recruiter attached to the advertisement. Want to apply directly? Please upload your CV and motivation letter by clicking the ‘Apply’ button.
Related keywords
Model RiskQuantitative Risk ManagementCredit RiskMarket RiskKYCOperational RiskPricingGovernanceRisk AppetiteEU AI ActPortfolio ManagementData-drivenBankingRegulatory LandscapeRisk IndicatorsStakeholder Management
ING is a pioneer in digital banking and on the forefront as one of the most innovative banks in the world. As ING, we have a clear purpose that represents our conviction of people’s potential. We don’t judge, coach, or tell people how to live their lives. However big or small, modest or grand, we empower people and businesses to realise their vision for a better future. We made the promise to make banking frictionless, removing barriers to progress, and make people confident in their financial decisions. As a global bank we have a huge opportunity – and responsibility – to make an impact for the better. We can play a role by financing change, sharing knowledge, and innovating. Being sustainable is in all the choices we make—as a lender, as a partner and through the services we offer our customers
Offices: Bijlmerdreef 106, Amsterdam, North Holland 1102 CT, NL
ING is a pioneer in digital banking and on the forefront as one of the most innovative banks in the world. As ING, we have a clear purpose that represents our conviction of people’s potential. We don’t judge, coach, or tell people how to live their lives. However big or small, modest or grand, we empower people and businesses to realise their vision for a better future. We made the promise to make banking frictionless, removing barriers to progress, and make people confident in their financial decisions. As a global bank we have a huge opportunity – and responsibility – to make an impact for the better. We can play a role by financing change, sharing knowledge, and innovating. Being sustainable is in all the choices we make—as a lender, as a partner and through the services we offer our customers
Offices: Bijlmerdreef 106, Amsterdam, North Holland 1102 CT, NL