Model Risk Specialist
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
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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
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